Bitcoin doesn't bring anything new to the table.
Look at Creditcoin and what they are doing in Nigeria.
https://techpoint.africa/2020/04/03/millions-of-west-africans-can-now-access-affordable-health-insurance-thanks-to-aella-and-hygeia/
AellaCare is democratizing standard healthcare, especially in Africa’s most populous nation where less than 10% is covered by any kind of health insurance. AellaCare is underpinned by Hygeia HMO’s reputation as one of the largest health maintenance organizations in Nigeria and Aella’s competencies as a blockchain-backed financial technology provider offering flexible and secure online payments and more personalized solutions.
In addition to its broad array of financial products — savings, insurance, payments, and specialized loans, Aella’s newly introduced in-app payment also allows users to buy airtime, buy mobile data, pay electricity or internet bills, among others.
All of this is done using BLOCKCHAIN technology and imagine if it were to bring 200 million users onto the platform it would make it the largest blockchain app in terms of DAU
Topic: Reddit: Why not bitcoin? - page 2. (Read 627 times)
Bitcoin is more popular and more secure for transaction than Ethereum. So, its very tough to avoid Bitcoin for Ethereum still now.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
I love Ethereum but I can't agree on this one although it's your opinion and it's not wrong. But for me, bitcoin has a better future than Ethereum.Reddit chosen to build in Ethereum because ever since the co-owner was an Ethereum bull.
(https://www.ccn.com/ethereum-price-will-reach-15000-this-year-reddit-co-founder/)
Ethereum is really good, no doubt, but I wish there will be a way that Bitcoin can improve and get better.
When it comes to transaction Bitcoin is slow sometimes, though there are wallets that lets you spend unconfirmed bitcoins.
Try out lightning wallets, seriously. Phoenix wallet is so good.When it comes to transaction Bitcoin is slow sometimes, though there are wallets that lets you spend unconfirmed bitcoins.
But when making use of Ethereum, the transaction comes in a second. With the way things are going, it’s likely that Ethereum might take over and become the top cryptocurrency, a coin that will be much better than Ethereum, or maybe Bitcoin will retain the top position for being the first cryptocurrency that was created. I just don’t know.
It's either you don't remember, or you weren't around when Crypto Kitties was at it's peak. Blockchains are slow, deal with it. It's the reason why we need 2nd layer technologies like Lightning.
Ethereum do support dAPP and also ethereum is advantageous while making transactions over Bitcoin. So, thinking of Bitcoin in this regard is irrelevant.
Ethereum was created for making dapps and issuing tokens, and just like Bitcoin has a first-mover's advantage in being a cryptocurrency, Ethereum has strong first-movers advantage in its own field. There are systems for creating tokens on Bitcoin's blockchain too, I even owned some such tokens in the past, but Bitcoin is less suitable for it.
So, does this mean that ETH will overtake Bitcoin? No, because Bitcoin is much more secure and resilient. It's a better currency and it will not change in the future. Coins like Ethereum might have cool features, but because of their poor security they are not in the same cathegory as Bitcoin, so they are actually not direct competitors to each other.
So, does this mean that ETH will overtake Bitcoin? No, because Bitcoin is much more secure and resilient. It's a better currency and it will not change in the future. Coins like Ethereum might have cool features, but because of their poor security they are not in the same cathegory as Bitcoin, so they are actually not direct competitors to each other.
agree on this one that ETH and BTC are not competitors, they have different features and usability and both have first mover advantage in their field, what i do not agree is that ETH will not overtake BTC in the future, it certainly should if all projects that depend on ETH flourish, ETH is like an index for broad number of useful projects and if the scaling feature goes well, it will go up and probably overtake BTC on the top
Ethereum is really good, no doubt, but I wish there will be a way that Bitcoin can improve and get better.
When it comes to transaction Bitcoin is slow sometimes, though there are wallets that lets you spend unconfirmed bitcoins.
But when making use of Ethereum, the transaction comes in a second. With the way things are going, it’s likely that Ethereum might take over and become the top cryptocurrency, a coin that will be much better than Ethereum, or maybe Bitcoin will retain the top position for being the first cryptocurrency that was created. I just don’t know.
When it comes to transaction Bitcoin is slow sometimes, though there are wallets that lets you spend unconfirmed bitcoins.
But when making use of Ethereum, the transaction comes in a second. With the way things are going, it’s likely that Ethereum might take over and become the top cryptocurrency, a coin that will be much better than Ethereum, or maybe Bitcoin will retain the top position for being the first cryptocurrency that was created. I just don’t know.
Does this point system gonna replace karma (comment and post) or gold/silver coins? If second - then I still dont know why this coins are on reddit? Who need them when you simply upvote and that will be enough. Just to stand out how cool and rich you are? To show that you can give "paid" upvote? 
I know a lot of you guys already know what's going on with Reddit taking on ethereum based tokens integrated with the platform. They are currently experimenting a point system where communities can give extra benefits to their users. Apparently they are using ERC-20 based tokens, obviously they are going to make it possible with Ethereum and most of you guys might ask why not bitcoin?
Here is my personal opinion about it.
1.It's not because Bitcoin is not fast enough for confirming transactions like ethereum, so if it happens that the experiment goes well then millions of users are going to receive monetary benefits that will only take a seconds.
2. Ethereum Integration is the best fit for the platform simply because Ethereum was made for facilitating smart contracts and applications under its own currency.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
Actually you do have some points between ETH and BTC when it comes to its tech.I cant deny that BTC is a bit outdated as other people say but we can see the current market situation on which one is on demand.Here is my personal opinion about it.
1.It's not because Bitcoin is not fast enough for confirming transactions like ethereum, so if it happens that the experiment goes well then millions of users are going to receive monetary benefits that will only take a seconds.
2. Ethereum Integration is the best fit for the platform simply because Ethereum was made for facilitating smart contracts and applications under its own currency.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
They can integrate other platforms as they can but they can removed out when it comes to community support when it comes to btc. Asking question why Reddit integrate ETH platform instead?
Its their choice yet we do have our own will on which one would suit out or would fill out their criterias.If ETH then so be it.
2. Reddit can implement such feature without using smart contracts. What's the point in using smart contracts anyway? It's not like Reddit is trying to be decentralized or non-custodial or something.
This. Why can't reddit just use its own centralised accounting system and a good old database to do this? It's really no different than their current system of upvotes, silver coins, gold coins etc. Why the need to newfangle their shit when it is what it is, and we accept that as users?
So, why not Bitcoin? Because Bitcoin least fits with reddit ideals in this instance.
At the moment, no crypto transaction can happen instantly, and if you consider that bitcoin has the highest value on the market, the choice is obvious.
Vitalik or no Vitalik, I believe this applies to Ethereum too. This is why the the community rejected a hard fork to recover the frozen Parity wallet funds, even though the losses were triple the size of the DAO. As time goes on, I'm less worried about that kind of security -- rollbacks and such.
i disagree. the only reason why they rejected this fork is because they (the ethereum foundation and Vitalik) haven't been affected by this. that is unlike DAO where the big part of the loss was from them. which is why they pushed the fork although most of the community was against the roll back.Gavin Wood's project, Polkadot, lost about $100 million worth of ETH. He's an Ethereum co-founder and Foundation CTO.
I think it had more to do with this. I recall both the DAO and Parity incidents well. The second time around, there was distinctly more awareness of the moral hazard and a stronger resolve against any sort of bailout. We'll see what happens the next time around. I don't particularly care either way, but my hunch is that things will continue in that direction.
As time goes on, I'm less worried about that kind of security -- rollbacks and such.
All right, Ethereum is growing, it may be out of its infancy. But those still remain black spots in its history and many won't rule them out as easily as you do (I don't say that you or others are wrong, history will tell).
And Vitalik still has a way too strong hand in deciding this or that.
I'm not ruling anything out. I'm just saying it will become harder and harder to do over time, and that Vitalik has less control every day.
There are lots of technical reasons to rail on Ethereum -- lack of scalability, pipe dreams about proof-of-stake. The political arguments about the DAO fork have gotten so tired. I used to repeat them too, circa 2016 or so. To continue repeating them now would feel disingenuous.
Ethereum has no real purpose though.
look at coins like Creditcoin , building a decentralized credit network.
These are the type of coins that have an actual purpose and can be have a potential.
especially once the product launches it will bring blockchain usage to the masses
look at coins like Creditcoin , building a decentralized credit network.
These are the type of coins that have an actual purpose and can be have a potential.
especially once the product launches it will bring blockchain usage to the masses
And Ethereum has a better shade in press like btc nowadays has a darker reputation for majority
I'm more opt to the fact that they are just currently experimenting I suppose? It's kind of a small test, and they probably want to reduce the workload for the long term, hence the usage of smart contracts of the ETH. As for why ETH and not other cryptocurrencies they probably based it on its current market price and/or it's current popularity in the community. Also for ETH having a brighter future than BTC? We're what? 5 years since ETH was made and 5 years of fighting against BTC, and yet who stands as the king as of yet? BTC is it not? Though tbh, I don't neglect the fact that ETH may exceed BTC, heck every other coin out there has a chance tbh, but really, just comparing the 5 years that have passed, you can see who currently stands as the better coin.
Bitcoin doesn't really do anything or add anything new.
Its 12 year old tech, and outdated, slow and has no utility.
Blockchain technology though is here to stay.
For example, look at coins like Creditcoin, building a decentralized credit network.
ACtualy use case.
Its 12 year old tech, and outdated, slow and has no utility.
Blockchain technology though is here to stay.
For example, look at coins like Creditcoin, building a decentralized credit network.
ACtualy use case.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
I'm not bashing Ethereum here, but isn't it they have a lot of competition? They can't even stay above those competitions and now you think that it can overtake bitcoin as means of payment system? And afaik, Ethereum price is dependent on bitcoin as well.
Although ethereum has so much to fight when it come to competition as many projects have shown up before now and seen as a strong competitor. Even at that, the platform ethereum was built also make it different from others. The fastness of their transactions also put them forward ahead of others, this might be what they use to choose their partner at reddit. We'll know that, the price of Other coins sorely depends on Bitcoin and wasn't a yardstick for reddit to choose over others.
My opinion - it's also a little bit of promotion.
Bitcoin has already took the place in the market of payment methods. It seems, Reddit just want to show its users all the perks of ETH.
Bitcoin has already took the place in the market of payment methods. It seems, Reddit just want to show its users all the perks of ETH.
Coins like Ethereum may have cool highlights, but since of their poor security they are not in a similar class as Bitcoin, so they are really not immediate contenders to one another My Lowes Life.
Quote
Here is my personal opinion about it.
1.It's not because Bitcoin is not fast enough for confirming transactions like ethereum, so if it happens that the experiment goes well then millions of users are going to receive monetary benefits that will only take a seconds.
2. Ethereum Integration is the best fit for the platform simply because Ethereum was made for facilitating smart contracts and applications under its own currency.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
1.It's not because Bitcoin is not fast enough for confirming transactions like ethereum, so if it happens that the experiment goes well then millions of users are going to receive monetary benefits that will only take a seconds.
2. Ethereum Integration is the best fit for the platform simply because Ethereum was made for facilitating smart contracts and applications under its own currency.
3. Ethereum has a brighter future than bitcoin, since ethereum is used to run applications there will be time in the future that we will be making payments using ethereum and not bitcoin.
First,if you wanna praise ethereum,then your post belongs to the Altcoin discussions forum.
Ethereum HAD a bright future back in 2017,with all the ICO projects using their platform.The ICO scam bubble got busted and now,it seems to me that ethereum is going nowhere.It is more oriented towards applications and usability,in comparison with bitcoin,but it's still way more centralized and not so secure.
Back in 2016-2017,people were talking that Ethereum is the cryptocurrency of the future and that ETH will beat Bitcoin in terms of price,market cap,user base,adoption among companies.
3 years later,Bitcoin is still king.
I don't care about Reddit implementing altcoins.They can implement whatever token they want.
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