Topic: Timing the switch (Read 170 times)

indeed the cost in eth transactions is cheaper compared to btc, eth has good potential for the future, but you forget the LTC for your transaction tool, even ltc cheaper for transactions in eth banding and transaction speed can be counted on, besides ltc also has good prospects for the future, https://blog.litecoin.org/

They're trying to sell neo assets and tell us about the ETH transition. it's not quite clear. time for what? Is that your transition to BTC?

NEO never beat the Ethereum because this is highly recommended altcoin and this is occupy the second highest marketcap in Crypto market so Ethereum is always right platform. NEO also promising platform but compared to Ethereum little lower position in market.

Etherium promised a lot of updates like POS and z-nark and where all this. But I can't agree that now ETH is a gold standard for small ICO and it's the main ecosystem for them. BTC is the main indicator now. All depends on its course. I'm trying to hold them both. But thinking to buy some neo on a half of my eth.

those are all true arguments but you are forgetting that most of the crowd invested in crypto does not recognize these problems and solutions. btc has a huge lead and it will take some time for the competitors to catch up

NEO>ETH 

Nice arguments you got here considering your rank(gave you a merit for that) but I don't think it is right to compare btc and eth, because they are intended to function in different ways. Eth is made to run smart contracts whereas Bitcoin is only made to settle microtransactions. I also doubt if ETH's transaction speed will remain the same if the volume of daily transaction of btc transfers to ETH temporarily.

Seems pretty solid introduction post from a newbie member, nicely written!

I don't know if "correcting" issues of Bitcoin is really something that makes Ethereum unique. Almost every alt, by nature of being the alternative to Bitcoin, thinks and hopes it addresses some kind of related issue. Skycoin, for example, claims to be built by both ex Bitcoin and ex Ethereum developers, who want to fix what they think are problems with the two.

Nothing is perfect sure, and even Bitcoin is constantly improving and upgrading. Ethereum suffered reputational damage because it forked in 2016. Hard for some like me to get over that.

And as butka points out, this smart contract thing would have compromised Bitcoin's security.

I would agree with this 100%.  Eth is a high-beta to Bitcoin's market movements.  If BTC goes up, Eth goes up more and visaverka.   

I've also got the impression that Ethereum could have harder times ahead. It's currently (this week/month) performing well. But the ICO boom is coming to an end, and other coins with similar scripting capabilities are slowly disputing its leadership in the smart contract business. Problems like the Parity bug are damaging its reputation.

These problems are also reflected in the Global Charts of Coinmarketcap, where Ethereum is also losing market capitalization share. New competitors increasingly gain access to crypto-investors' capital and network effect.

Bitcoin, in contrast, looks robust - it has recovered a good part of the 2017 rally price increase. And there is Lightning waiting around the corner.

So in contrast to you, OP, I don't think that Ethereum will outperform Bitcoin this year. The points you mention are not really relevant anymore, as smart contracts and "other currencies", as already said, are possible on lots of platforms now, and the capacity problem is about to be solved by bigger Segwit blocks and Lightning. Take into account that Bitcoin was designed to be a means of payment and not so much an application platform, so Bitcoin and Ethereum are not direct competitors in all fields. And Ethereum's killer app still is to be found ...

Conclusion: I think already now it's a good time for the switch. However, I would not rule out a bearish leg with new lows, but this would affect both coins, and in my opinion Ethereum would be affected more strongly.

Bitcoin's Scripting system was designed that way (not to allow on-chain smart contracts) on purpose in order to be more secure. [1]


So this is a feature, not something that needs correcting.

That being said, you can implement Ethereum-like smart contracts using off-chain solutions such as RSK.

I would never prefer ethereum over bitcoin or vice versa. Both are very solid coins and serving for different purposes, except the purpose of making more money, choosing only one to invest is not good decision.

Ethereum indeed brought smart contracts, but they can be performed on other platforms as well (Byteball is a good example). Ethereum being a platform for other project is what mainly makes its price thus sort of making it partially fake and very vulnerable to the news about ICOs and some precific top tokens built on Ethereum. Eth transaction speed and price are mainly fine, but sometimes the gas required by eth-based exchanges is killing it all.
I think that ethereum is still going to be #2 anyway, because btc is constantly and seriously developed. It also seems to be more secure than eth, less buggy, if you know what I mean.

Personally, I believe Ethereum will be the leading blockchain for 2018 still.
However I believe in the 'bitcoin is the digital gold' phrase. However the time is not there yet.
Reasons why Ethereum will keep outperforming for this year:

1. It’s the Architecture. Ethereum was built to correct some of the early issues with Bitcoin, including incorporating smart contracts – digital agreements that allow for more complex actions than Bitcoin can allow.
2. It’s the Ecosystem. Ethereum is a platform that supports hundreds of other coins, tokens and applications, all of which drive demand for Ethereum the platform and Ethereum the currency (also called Ether).
3. It’s the Performance. As we’ve noted in prior notes (see www.coreventusinc.com) BTC’s transactions speeds and costs are far higher than ETH – BTC is unusable for everyday transactions, while ETH is usable.


I've been trying to pick a point in which I'm switching my eth to btc. Currently I'm taking 0.1 btc for 1 eth as mark.
However obviously there will be more factors involved. Like if there will be more blockchains that outperform ETH's dApp possiblities.
Is there anyone who shares my vision, and what mark did you pick to exchange your eth to btc?