These people have really no idea about what differentiates Bitcoin from Ethereum. What makes Bitcoin the only legitimate store of value, is that it doesn't have a public creator or owners, it cannot be controled or changed by a small group of people, and it will only ever have a finite number of coins (21M) so its price will naturally rise with mass adaption as miners won't be able to keep up with the increasing demand and more and more people will use it as a long term investment or a safe haven against unstable national currencies, rather than a method of payment.
Ethereum can reach 3x the marketcap of BTC this year and than it can crash to zero in a matter of days as people realize that there is nothing behind all the crazy ICOs.
Many shitcoins and tokens will burst when the bubble pops, but Bitcoin cannot and will not be stopped.
Ethereum will not over take bitcoin. In fact, its a declining platform. Its very complicated to use, even from dapps developers, and has many bugs and glitches.
Moreover, to run code on the ethereum blockchain you have to spend ether and the longer the code, the more ether it costs. At the end of the day it is actually cheaper to run your own code on your own server without using the ethereum.
Furthermore, there are seriious scalability issues. If too much code is put onto the ethereum blockchain, it would take to long to confirm all the states of the smart contracts and apps will stop functioning properly.
There is no need to use ethereum unless you are doing something highly illegal.
These people have really no idea about what differentiates Bitcoin from Ethereum. What makes Bitcoin the only legitimate store of value, is that it doesn't have a public creator or owners, it cannot be controled or changed by a small group of people, and it will only ever have a finite number of coins (21M) so its price will naturally rise with mass adaption as miners won't be able to keep up with the increasing demand and more and more people will use it as a long term investment or a safe haven against unstable national currencies, rather than a method of payment.
Ethereum can reach 3x the marketcap of BTC this year and than it can crash to zero in a matter of days as people realize that there is nothing behind all the crazy ICOs.
Many shitcoins and tokens will burst when the bubble pops, but Bitcoin cannot and will not be stopped.
Good vid! thanks for sharing
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Upvoted as agreed.
Ethereum will not over take bitcoin. In fact, its a declining platform. Its very complicated to use, even from dapps developers, and has many bugs and glitches.
Moreover, to run code on the ethereum blockchain you have to spend ether and the longer the code, the more ether it costs. At the end of the day it is actually cheaper to run your own code on your own server without using the ethereum.
Furthermore, there are seriious scalability issues. If too much code is put onto the ethereum blockchain, it would take to long to confirm all the states of the smart contracts and apps will stop functioning properly.
There is no need to use ethereum unless you are doing something highly illegal.