Topic: When will the marketcap of Ethereum surpass Bitcoin? - page 5. (Read 3944 times)
It is, it's just that the BU supporters now have a leadership and a pool supporting them. Otherwise their voice wouldn't matter. Yes, they're greatly outnumbered, but a civil war nonetheless. For a civil war to happen, you need a cause, leadership and an army. BU now has all 3. They had it before too but the leadership, cause and the support ( army ) were much weaker.
btc is in civil war.
There's no civil war it's just two assholes Roger Ver and Jihan Wu stirring shit.
There is indeed no civil war. What looks like it, is nothing else but the immutability mechanism protecting the protocol, by antagonism of all those that want to change it, and cannot come to consensus over change, so, de facto, come to consensus over not changing it --> immutability.
Every blockchain project has bugs. Bitcoin can be killed with 20million $. But no one has the incentive to do that, however, that doesn't make it invulnerable. And the fact that it's clogged is a bug in itself, because it's not working and it requires fixing.
This will only happen into only ETH bag holders dreams in real life this would never. ETH is still unstable with some bugs so I don't think it will surpass ever.
Exchange hacks, thefts and so on were different. Drops happened back then because people wanted to dump before the hacker dumped, but they believed in bitcoin as a brand. Now it is different. Bitcoin is clogged and people started losing faith in it after finding out that literally everything else is better, especially the average joe bitcoin maximalists who thought it would replace banks and that it was the best thing since sliced bread. Sentiment changed, everyone is unhappy with the network because it doesn't work anymore, fees of 2$, and bitcoin already lost 10% value because people jumped ships.
I don't want it to simply burn and die in a catastrophic failure because the crypto space will lose most of it's money. But there's 50% chance that the people who pull their value out move most of it into ethereum, which will cause the flippening. The volatility will set new records, whales will battle, this will go down straight into history of crypto. Interesting times.
If ethereum wins the battle with bitcoin this year before going to POS and scale visa level, it's mostly because of the civil war in bitcoin and the 3 year stagnation.
I don't want it to simply burn and die in a catastrophic failure because the crypto space will lose most of it's money. But there's 50% chance that the people who pull their value out move most of it into ethereum, which will cause the flippening. The volatility will set new records, whales will battle, this will go down straight into history of crypto. Interesting times.
If ethereum wins the battle with bitcoin this year before going to POS and scale visa level, it's mostly because of the civil war in bitcoin and the 3 year stagnation.
No, because ethereum is now several times faster than BTC already. Which means it would handle it's volume just fine. Wouldn't be enough for massive adoption assuming some dapps will go mainstream, but that's what for they have scaling in the roadmap next year.
I was thinking in late 2016 to buy bitcoins for the next halving but this civil war that's still there for years and now erupting made it extremely risky. At this point bitcoin is more likely to lose crown than going to 2000$.
And this is with 15sec block time. Vitalik also demonstrated months ago 3-4 sec block times, which will make it another 4-5 times faster. And that without the actual sharding that aim to increase the scaling hundreds of times. There are some other projects as i recall with 4-5 sec block times but they are not doing it in a decentralized manner.
I was thinking in late 2016 to buy bitcoins for the next halving but this civil war that's still there for years and now erupting made it extremely risky. At this point bitcoin is more likely to lose crown than going to 2000$.
And this is with 15sec block time. Vitalik also demonstrated months ago 3-4 sec block times, which will make it another 4-5 times faster. And that without the actual sharding that aim to increase the scaling hundreds of times. There are some other projects as i recall with 4-5 sec block times but they are not doing it in a decentralized manner.
***Ethereum will be greater than that of Bitcoin.
Just math man when price of BTC = ETH that will = cost of all operations on ETH 20x.
When price will be equal the costs of sending also will be equal.
If many people will use ETH it will be victim to itself Blocksize like 20TB and high fees like BTC in 10 years.
Just look at any coin that would have 300 000 daily it will face same problem since ETH Dash size is small is easy to bash BTC but they will come to same end like BTC.
With price cost of sending are rising
Exchange hacks, thefts and so on were different. Drops happened back then because people wanted to dump before the hacker dumped, but they believed in bitcoin as a brand. Now it is different. Bitcoin is clogged and people started losing faith in it after finding out that literally everything else is better, especially the average joe bitcoin maximalists who thought it would replace banks and that it was the best thing since sliced bread. Sentiment changed, everyone is unhappy with the network because it doesn't work anymore, fees of 2$, and bitcoin already lost 10% value because people jumped ships.
I don't want it to simply burn and die in a catastrophic failure because the crypto space will lose most of it's money. But there's 50% chance that the people who pull their value out move most of it into ethereum, which will cause the flippening. The volatility will set new records, whales will battle, this will go down straight into history of crypto. Interesting times.
If ethereum wins the battle with bitcoin this year before going to POS and scale visa level, it's mostly because of the civil war in bitcoin and the 3 year stagnation.
I don't want it to simply burn and die in a catastrophic failure because the crypto space will lose most of it's money. But there's 50% chance that the people who pull their value out move most of it into ethereum, which will cause the flippening. The volatility will set new records, whales will battle, this will go down straight into history of crypto. Interesting times.
If ethereum wins the battle with bitcoin this year before going to POS and scale visa level, it's mostly because of the civil war in bitcoin and the 3 year stagnation.
There's not really any civil war with Bitcoin. There are different takes on the blockchain size issue and it will be resolved with time. This is a better way forward. Wise hands move slower.
What ? Read bitcoin's reddit. Panic all over, people in dissagreement, bitcoin core threatened to 51% atack nodes that don't signal segwit and so on. Read bitcoin reddit and latest bitcoin news.
What do you think it's changing this time for problems to be solved ? BTC dev team is incapable and inexperienced, they haven't gone through much because nothing can be actually developed and implemented because of the dissagreements. Miners went greedy, liked high fees, untill they will agree for forks / changes it will be too late. Bitcoin is there because it's a brand. I also like coca cola and i drink it alot, but mostly because it's much better than pepsi and other similar drinks, not because of the brand.
No offence but you sound melodramatic. I've been involved with BTC from the start and I've seen all manner of squabbles and events, hacks, thefts and heists, arrests, bankruptcies, political issues.
What I see today is Bitcoin ATMs rising, lots of easy to use lightweight wallets that don't require downloading the blockchain, many more fiat exchanges, a much better understanding of the technology of Bitcoin by businesses, increased adoption by non-techies etc.
There has always been a technical issue to work out and it always does. It works out. I can understand you being worried if you are new to Bitcoin.
However basing your decision-making process on a reddit is going to lose you money.
There's not really any civil war with Bitcoin. There are different takes on the blockchain size issue and it will be resolved with time. This is a better way forward. Wise hands move slower.
What ? Read bitcoin's reddit. Panic all over, people in dissagreement, bitcoin core threatened to 51% atack nodes that don't signal segwit and so on. Read bitcoin reddit and latest bitcoin news.
What do you think it's changing this time for problems to be solved ? BTC dev team is incapable and inexperienced, they haven't gone through much because nothing can be actually developed and implemented because of the dissagreements. Miners went greedy, liked high fees, untill they will agree for forks / changes it will be too late. Bitcoin is there because it's a brand. I also like coca cola and i drink it alot, but mostly because it's much better than pepsi and other similar drinks, not because of the brand.
Ethereum on the other hand, is controlled by a few who make decisions for the many, like the DAO, and can do so on a whim.
And who controlled what happen to dao ? Those that voted 95% in favor of the fork ? This is true democracy. Those 5% who didn't agree have their own failing chain. But weren't even 5%, because only 2 people really matter in ETC. Barry as a pumper and chandler as a pumper and sole miner of the network.
There's not really any civil war with Bitcoin. There are different takes on the blockchain size issue and it will be resolved with time. This is a better way forward. Wise hands move slower.
Ethereum on the other hand, is controlled by a few who make decisions for the many, like the DAO, and can do so on a whim.
They are different beasts as some here have said, but the reason I got into Bitcoin was to get away from centralized decision makers and cartels.
I am happy to see ETH rise and hope it brings crypto along, but would urge caution to new investors to not go in too deep right now.
Ethereum on the other hand, is controlled by a few who make decisions for the many, like the DAO, and can do so on a whim.
They are different beasts as some here have said, but the reason I got into Bitcoin was to get away from centralized decision makers and cartels.
I am happy to see ETH rise and hope it brings crypto along, but would urge caution to new investors to not go in too deep right now.
When will the marketcap of Ethereum surpass Bitcoin?
Never.
never say never!
of course with price and with usability and real adoption, ethereum can never surpass bitcoin's marketcap but ethereum is not known to be an honest coins
and market cap is a useless number that can easily be manipulated!for all we know Vitalik is going to fork ethereum another time in the near future and change the available supply from current 90 million to 400 million and easily surpass bitcoin's marketcap.
it is a very simple math 400,000,000 * $47 = $18,800,000,000 marketcap > bitcoin's $18,518,449,188 and when ETH price was dumped back down to $10 he can fork it again and increase the 400 million to 10,000 million
btc is in civil war.
There's no civil war it's just two assholes Roger Ver and Jihan Wu stirring shit.
There IS civil war and it is killing BTC. Open your eyes.
When will the marketcap of Ethereum surpass Bitcoin?
Never.
never say never!
of course with price and with usability and real adoption, ethereum can never surpass bitcoin's marketcap but ethereum is not known to be an honest coins
and market cap is a useless number that can easily be manipulated!for all we know Vitalik is going to fork ethereum another time in the near future and change the available supply from current 90 million to 400 million and easily surpass bitcoin's marketcap.
it is a very simple math 400,000,000 * $47 = $18,800,000,000 marketcap > bitcoin's $18,518,449,188 and when ETH price was dumped back down to $10 he can fork it again and increase the 400 million to 10,000 million
How are they going to find a way ? For 3 years now there's literally only stagnation, only talk, insulting, divided community. Miners are oligarchs in bitcoin because of the POW only system, they didn't wanna activate segwit so they get more fees. It will be too late for change when ethereum will pass 50% of it's market cap and there will be fomo to change the boat.
Smartest people already changed the boat, no point in risking your wealth for a most likely negative scenario, bitcoin devs and community haven't found a way in 3 years to change things, won't find a way in the coming months.
Smartest people already changed the boat, no point in risking your wealth for a most likely negative scenario, bitcoin devs and community haven't found a way in 3 years to change things, won't find a way in the coming months.
btc is in civil war.
There's no civil war it's just two assholes Roger Ver and Jihan Wu stirring shit.
I don't know why people wants Bitcoin to be beaten,just like the old rimbit,Bitcoin will still be the number one coin in the market for the next ten years or so,I believe people in the board will a way to solve the current issues and those that are making .
No, etherium IMHO will never surpass bitcoin at this moment or even years to come no other cryptocurrency can surpass bitcoin today because bitcoin has proven its stability through the years I have still very high trust on btc, maybe etherium at the moment is dominant but it will not last long.
Nope, you're wrong. It's not just them otherwise there wouldn't be people dumping btc for eth. People are starting to lose confidence in bitcoin. Remember, what keeps bitcoin together is people's faith that bitcoin will make them profit. And network effect only follows the price. Nothing else backs bitcoin beside faith. No usage, no projects, nothing.
So, ETH can only replace bitcoin in few of these cases:
1. BTC civil war continues, BU forcefully takes over or for some reason it splits in two; even if it doesn't split, this war will crash the price alot. Now, it depends how it crashes. If it crashes by moving the value into other projects, then bitcoin will be replaced. If it crashes and burns as in people stop buying bitcoins at any price, then the whole cryptocurrency scene will crash.
2. ETH manages to increase the market cap to 50% of bitcoin's value. At that point there will be FOMO for missing out and panic with bitcoin holders, many will switch sides in an uncontrollable spiral.
3. ETH succesfully manages the transition to POS and scales, that alone is enough to easily takeover bitcoin.
So, ETH can only replace bitcoin in few of these cases:
1. BTC civil war continues, BU forcefully takes over or for some reason it splits in two; even if it doesn't split, this war will crash the price alot. Now, it depends how it crashes. If it crashes by moving the value into other projects, then bitcoin will be replaced. If it crashes and burns as in people stop buying bitcoins at any price, then the whole cryptocurrency scene will crash.
2. ETH manages to increase the market cap to 50% of bitcoin's value. At that point there will be FOMO for missing out and panic with bitcoin holders, many will switch sides in an uncontrollable spiral.
3. ETH succesfully manages the transition to POS and scales, that alone is enough to easily takeover bitcoin.
btc is in civil war.
There's no civil war it's just two assholes Roger Ver and Jihan Wu stirring shit.
Ethereum is a scamcoin where banks in R3 group were upset they didn't get any early distribution of bitcoin so they just bought the Ethereum premine and tried to pump and dump it while hoisting it into morons at elevated prices. It's been a scam from day one just like every premine coin before it.
R3 long ago abandon Ethereum after an initial test involving 11 banks. The second test involving 40 banks they utilized blockchain solutions offered by Eris Industries, IBM, Intel and Chain, a handful of Ethereums many competitors. That didn't stop the ETH community from claiming the second test with 40 banks involved ETH. You can read about it here under the history section.
https://en.wikipedia.org/wiki/R3_(company)
Additionally, R3 has abandoned all the above platforms, developed and released their own platform called Corda. Here was the announcement last April.
http://www.r3cev.com/blog/2016/4/4/introducing-r3-corda-a-distributed-ledger-designed-for-financial-services
Currently there are numerous blockchain platforms available, and it seems like new ones appear monthly. Ethereum is not nearly as unique as proponents pretend. They continue maintaining this facade for price manipulation purposes. Here is an article discussing some of the other platforms that are available.
https://lightrains.com/blogs/opensource-blockchain-platforms
and
http://radiostud.io/eight-blockchain-platforms-comparison/
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