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Topic: What if Ethereum replaces Bitcoin someday? - page 25. (Read 8194 times)

member
Activity: 254
Merit: 11
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Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts? Huh
I'm not too sure but it is possible Ethereum could develop and replace Bitcoin in the cryptocurrency market,maybe it takes another decade maybe when cryptocurrency economic growth is growing , mungkin di saat itu akan di sebut era baru dunia blockchain
full member
Activity: 714
Merit: 100
If this will happen then we will simply move to Ethereum investment as it will become the most trusted and the most potential crypto currency in the market to make more money for us but i think no Altcoins can ever supersede Bitcoin as it already build a deep foundation of trust among the crypto users that even it has no commodity to introduce but still it is the most trusted crypto currency.
legendary
Activity: 2212
Merit: 7064
ETH will NEVER replace Bitcoin in a million years.
Ethereum blockchain is full and it will more likely explode before it replaces anything.

What about staking? 2020 or 2120?
And when staking is done....don't expect bug free ETHtime
sr. member
Activity: 1246
Merit: 285
ETH does have several advantages over bitcoin. Innovations related to smart contracts, chains, etc. are widely used by developers. But, Bitcoin has a special place as a kickback in Cryptocurrency. There are many cryptocurrency, but ordinary people only view cryptocurrency as bitcoin. Even though it was only imagined, I felt that it was quite difficult for BTC to be displaced. But cryptocurrency is always full of surprises and unpredictability.
full member
Activity: 925
Merit: 100
To be frank, you stated good facts but however have you taken time to study the market recently, you will see that the need for Bitcoin or rather the way investors are going for Bitcoin is growing tremendously. Nowadays people see it fit holding Bitcoin more than ETH. In my own opinion I don't think ETH will stand a chance of beating Bitcoin in the long run.
sl8
jr. member
Activity: 38
Merit: 1
I guess, that day McAfee's dick still would not be eaten...
Not sure it will ever happen. Really not. Too big & heavy is our main guy!  Smiley
sr. member
Activity: 2352
Merit: 245
we don't know what will happen in the future, but for the time being I have an opinion that ethereum cannot possibly replace bitcoin, although ethereum continues to develop but it is difficult to match the position of bitcoin, in terms of dominance, popularity, volume, and investor confidence then there is no altcoin that can beat bitcoin
The dominance, popularity, volume and investor confidence are all relative and volatile. This can all change in cryptocurrency in a few days. As some here correctly refer to one Jewish proverb, one should not follow the crowd. Therefore, it’s best not to bet on the coin on which the majority puts, especially, only on one specific coin, no matter how promising it seems.
As for ethereum, then everything can be. Any coin can be replaced with another one in the future, bitcoin still has some immunity, however, in the long run, everything is possible.
member
Activity: 490
Merit: 14
To replace bitcoin I think is very difficult and this is very difficult to happen, if bitcoin is extinct then altcoin including ETH will be destroyed because bitcoin dominates the world market price of crypto, and bitcoin is very far compared to altcoin so it is very difficult to compete with it, so it will not be able to replacing the position of bitcoin which has made the parent of all altcoin.
jr. member
Activity: 95
Merit: 1
I don't think there is anything that needs to be replaced and as a substitute because they all have their own way. Besides that, if ethereum replaces bitcoin then what does ethereum replace it as?
please give me an understanding of what position or role should be replaced?
if you talk about prices then we can't compare the two because inventory greatly affects prices while you know that bitcoin has a very limited supply whereas ethereum is only limited every year
sr. member
Activity: 644
Merit: 250
I don’t see anything bad here.  Although very faintly imagine it.  Because Bitcoin will always be a leader.  Ethereum is quite strong and productive coin.  I think that he will cope with the duties of a leader.
legendary
Activity: 3220
Merit: 1363
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I don't see them replacing Bitcoin unless they address the issue of scalability of their network, https://thenextweb.com/hardfork/2019/08/19/vitalik-buterin-ethereum-blockchain-almost-full-scalability/

they suffer bottleneck and this is one of the hindrances of Ethereum massive adoption, and so far the number indicates that they are not closing the gap with Bitcoin, Bitcoin gap is still very high.

Good point. Scalability is a must for any Blockchain network to experience massive adoption within the mainstream world. Ethereum is missing that key part, which limits its demand over the long term. With greater transaction capacity and lower fees, Ethereum could attract a larger mass of users than before. Only then it could prove to be a strong competitor against Bitcoin or any other cryptocurrency in existence today. Even so, it's very unlikely that Ethereum will replace Bitcoin in the future, as the latter has first-mover advantage across the crypto market.

Which is why, it'll be quite hard to take down Bitcoin's popularity and adoption which has gained over time. Despite this, Ethereum could prove to be a nice complement towards Bitcoin, as it gives people the choice to decide from one crypto to another. The world's most popular smart contract platform will serve well its purpose of delivering censorship-resistant dApps, while the pioneer cryptocurrency will serve well its purpose as an unstoppable store of value. Each cryptocurrency has their respective advantages/disadvantages. There are also a considerable amount of differences between the same. In this sense, comparing Bitcoin vs Ethereum is like comparing apples and oranges.

Still though, there has been talks about Ethereum "flippening" Bitcoin in the future. If this indeed happens, then expect to see a change in the whole crypto industry. Bitcoin's popularity might diminish because of this event, while Ethereum will soar towards new heights both in demand, as well as, mainstream adoption. We all know that crypto behaves in strange and bizarre ways. Which means, that anything is possible in the uncertain world of crypto. Just my opinion Smiley
copper member
Activity: 420
Merit: 2
Well, I dont see that coming. ETH's price is still dependent on bitcoin and until this trend changes, ETH will continue to stay behind BTC or even far behind it. Majority of the new coins that the Ethereum network is giving birth to are scam projects which can also have negative consequences its price.
full member
Activity: 1344
Merit: 110
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Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts? Huh

Everybody will be happy, especially those token developers whose tokens are based on ethereum, it would boost their number of investors and also increase the price o their token. I was wondering when I irst got here in crypto if this was possible but it is hardly to believe., the gap is just too big.
hero member
Activity: 1666
Merit: 453
This can happen in the future as we dont know what the people's demand will go to.
But as long as i believe, BITCOIN will remain in its place for the rest of our lives.
Though there is one thing that ETH got from bitcoin, it is THE INVESTORS CURRENCY in which ETH is the most useful for ICO.
member
Activity: 672
Merit: 11
The whole problem is that Ethereum is not developing now. You look at the disgruntled Ethereum community. A lot of people were disappointed in Vitalik Buterin. And I'm not sure the Ethereum 2.0 update will be on no time. I think the team will delay this moment very much. Now we can see a lot of gambling projects on this platform and no more. Ethereum has very doubtful prospects.
member
Activity: 350
Merit: 10
This is a parable, but many people say it's impossible.  Even though in Cryptocurrency anything can happen.  And if someday Ethereum is able to replace Bitcoin, then this will make the value of Ethereum increase high. Coins that are already in the current favorite will be number 1. And certainly Ethereum holders will get a very large profit.
member
Activity: 476
Merit: 10
I would not oppose Bitcoin and Ethereum to each other, each takes its place in the market. Now the domination of bitcoin has grown, but no one knows what will happen in a year or two or ten.
copper member
Activity: 1190
Merit: 3
I think Bitcoin and ethereum are two sides of the coin. Both are differing in many aspects.
Bing no one in market capitalization Bitcoin still rules the entire crypto market.
On the other hand, being no one platform for dApps, to launch their projects on blockchchain area, dominating tokenization era.
We need both eth and bitcoin to give direction to crypto market.
member
Activity: 616
Merit: 13
what i am thinking is, what you said really got good potential because of few fundamental points.
first is, ethereum is the 2nd most wildly known crypto all over the world
2nd is, when btc can't handle many transactions, their 2nd option when it comes to crypto is eth.
hero member
Activity: 1792
Merit: 536
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Really not quite sure if ever there would be a time that Ethereum will surpass Bitcoin in influence and dominate the cryptocurrency market. A large percentage of people trusts Bitcoin and I don't think that will change in possibly 10 to 20 years. As long as people continue to support it then it will still dominate. Ethereum did surpassed previous number 2 like Litecoin and will stay in the silver place for a long time, that is for sure.
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