Why bitcoin is taken first before ETH?

CottonGuy

jr. member

Activity: 185

Merit: 5

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Etherium innovation won't be discovered in the first place if there's no bitcoin and blockchain. Bitcoin as the father of all cryptocurrencies,should come first when it comes to value and be accepted by the people regardless of its imperfection.

Trust depends entirely on the person who uses them. If you are knowledgeable with etherium and bitcoin then its up to you if you will trust them or not. These two digital innovations both have flaws and imperfections and still thrives hard to prove its worth for our convenience and advancement of technology.

skba

newbie

Activity: 54

Merit: 0

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

I have no actual idea about Ethereum, but i know that Ethereum and Bitcoin both coin is so much popular and profitable. but i think Bitcoin is so much popular more than ethereum. Most of the people are known bitcoin and trust it. I think Bitcoin is world best cryptocurrency.

UAE Seasider

full member

Activity: 700

Merit: 110

Helios Protocol https://discord.gg/cpzAEMB

I think the answer to this question lies in simple brand awareness, Bitcoin was the first, is the most talked about crypto outside of the crypto space and the one most people think of first.

Mandoy

sr. member

Activity: 644

Merit: 264

Aurox

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Ethereum is a trusted coin and is much stable compared to bitcoin. But Ethereum is just starting to be used by the masses unlike bitcoin whose years of history have established the trust and support from its users. Ethereum is just beginning to move like bitcoin and is starting to create exchanges that allow holder to exchange Ethereum to their local currency. Soon or probably somewhere in the future we can see how well Ethereum moves and if it can really replace Bitcoin.

Renal

member

Activity: 434

Merit: 10

Bitcoin is the mother in all altcoins including ethereum so that bitcoin remains the first with the limitations of bitcoin reaching only 21 million bitcoin while ethereum is alternarive of all altcoin and has no limitations on the altcoins.

Shreek

full member

Activity: 476

Merit: 112

IDENA.IO - Proof-Of-Person Blockchain

yes, because bitcoin has a higher value, has high credibility, is able to face any obstacles, untill today, so people are more interested anda more believing for bitcoin.

but you should know, that the percentage of ETH trade in the market is higher than Bitcoin.

PsylockReborn

member

Activity: 420

Merit: 24

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

First of all bitcoin and eth are two different innovations. They don't belong to the same category when it comes to digital coins: cyptocurrencies and tokens

Bitcoin is for the money(cryptocurrency) while Etherium is for the contracts (token).
https://learn.onemonth.com/bitcoin-vs-ethereum/

Bitcoin is the breakthrough of digital coins.. With this being said as the root of all innovations in cryptoworld, Bitcoin will always have greater value than Etherium.

Quote from: Kakmakr on March 06, 2018, 12:27:52 AM

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Trustable? How can you trust a coin with a centralized authority? Vitalik and his founders were made multi-millionaires with the release of Ethereum's pre-mine. Vitalik even had discussions with the Russian president, Putin and we know how corrupt he is.

I will never trust a coin with a identifiable central authority, because these people can be bribed, forced with violence to do what other people wants them to do.

This is also one reason why bitcoin is more valuable than etherium. Bitcoin is decentralized while etherium is centralized. We all know that crypto values depends on the acceptance of the people. The more people that will embrace the technology the higher its value.

Quote from: mersal on March 06, 2018, 01:13:35 AM

Don't forget that bitcoin was created way before than the ETH so bitcoin is the father if all crypto currencies.But the price of bitcoin is expensive due to its availability it is limited to 21 millions but in ETH the availability is unlimited so the proce of each coin willbe less.

I agree with this. There are lots of good reasons why bitcoin is still number one despite its imperfection.

Gontxi

sr. member

Activity: 966

Merit: 250

of course because bitcoin is the first crypto. excess bitcoin, no one can control. the first tenology of the vitrual currency. most investors and traders always have bitcoin.
I believe the future of eth is quite brilliant. but it's hard to be a strong competitor for bitcoin.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, ok. Let's discuss. But first please explain why you believe in Ethereum as more "trustable and easier to transact" than Bitcoin.

Plus how can you still think that after the DAO incident, the Parity incident and the proposal for EIP 867?

https://github.com/ethereum/EIPs/pull/867

Ethereum is the least "trustable" cryptocurrency.

princesspoppy

member

Activity: 634

Merit: 10

I think both coins are good. Both have different features, different advantages and disadvantages which users like. But personally, i prefer to invest and use bitcoin than ethereum because:
1) It is decentralized. No one controls bitcoin which is a good thing cause you can assure that no one tracks your transactions.
2) It has greater value than ethereum and any other coins.
3) It is easy to transact especially here in our country.
4) It gives good return of investment.
5) Many investors use bitcoin and because of it, there are possibilities that it will grow and grow and might skyrocket in the future.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

Because the name Ethereum was a bad choice

mersal

member

Activity: 1204

Merit: 38

Don't forget that bitcoin was created way before than the ETH so bitcoin is the father if all crypto currencies.But the price of bitcoin is expensive due to its availability it is limited to 21 millions but in ETH the availability is unlimited so the proce of each coin willbe less.

TheGodFather

hero member

Activity: 854

Merit: 500

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Because bitcoin still holds the highest value for the entirety of the cryptocurrency market. Yes, ethereum is highly regarded as the smart cryptocurrency wherein it can be programmed into basically whatever you would want to do with it and often heralded as the cryptocurrency that can best and beat bitcoin due to its nature. However one thing that it must overcome first before being able to jump into that number one spot is that it has to beat the value and the monetary i fluence of bitcoin

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

because ETH is neither trusted nor easy to transact.
it is centralized and filled with bugs and when they did a roll back despite majority of the network opposition it proved that you can not trust it at all. as for transactions whenever there is an ETH network congestion it becomes impossible to make any transactions let alone having them confirmed.
with bitcoin the worst thing that happens is fees going up! but you can still continue to use it.

olubams

hero member

Activity: 798

Merit: 503

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Here we go again about this needless argument about ETH and BTC. They are both wonderful development which I am sure both developers will appreciate the ingenuity of each others if given the opportunity to express such but the problem are those that eventually key into the dream and wants to believe one should be ahead of the other and why. In your case, based on trust which is the reason you are choosing ETH above, its not binding on the community to do same and in determining the top one, its the majority that will have their way.

f150

full member

Activity: 606

Merit: 108

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Bitcoin parent all types of altcoin ETH and other altcoin, yes of course Bitcoin is ranked first because of its parent Bitcoin. ETH's easiest way for us to get Bitcoin, now ETH also has an alternative such as Bitcoin which is a token that can be converted into ETH, but still ranked first is Bitcoin.

allycn

full member

Activity: 420

Merit: 110

Probably because it was the first decentralized cryptocurrency (or at least the first one to succeed), which means it had more time to establish itself. This also leads to BTC being on more news outlets than any other crypto, so most people will relate cryptocurrencies with BTC).
Its high value also makes it more attractive / more "popular" as an investment. However, just because it is the most popular or has the highest market cap doesn't mean it is the best.

boboking

member

Activity: 224

Merit: 19

Bitcoin is being taken first because it is the king of crypto currency. It is the first of its kind.

Also it has something to do with price. Many experts still believe that Bitcoin price will reach $100,000 and others even to a million dollars and some people are hoping that this will happen in the next few years.

purple.thoughts

jr. member

Activity: 225

Merit: 2

Bitcoin is the one being considered first because I think bitcoin was released earlier than ethereum and that its vaue is higher compared to ethereum. I agree with someone who posted here that bitcoin can easily be transacted in the Philippines because I am a filipino too but it is too risky because it does not have private keys compared to ethereum where it can secure itself from unknown user who wants to transact with it. I am alao relieved that on our bitcoin wallet platform from the Philippines called coins.ph is now considering ethereum. It will be easier for us know to receive payments through it.

Kakmakr

legendary

Activity: 3514

Merit: 1963

Leading Crypto Sports Betting & Casino Platform

Quote from: icytalk on March 06, 2018, 12:06:34 AM

Eth is more trustable and easy to transact but still why bitcoin is on first choice

Trustable? How can you trust a coin with a centralized authority? Vitalik and his founders were made multi-millionaires with the release of Ethereum's pre-mine. Vitalik even had discussions with the Russian president, Putin and we know how corrupt he is.

I will never trust a coin with a identifiable central authority, because these people can be bribed, forced with violence to do what other people wants them to do.

Topic: Why bitcoin is taken first before ETH? (Read 272 times)