Ethereum passes Bitcoin for active users for the first time

in bitcoin •  6 months ago

It's questionable if this really means anything significant. It is interesting to see the massive growth of Ethereum in the last few months.

The CryptoKitties craze really made it apparent how much work Ethereum needs to do in regards to scaling if it wants to be more than just an ICO platform. It is just finally recovering from the CryptoKitties phase, and now there is another one around the corner.


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It should be mentioned that active addresses does not map directly to active users. Anyone with a HD wallet type would be using nearly as many addresses as they do transactions. They likely correlate, but we'll never know how strong that correlation actually is.

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While true, this is same on both sides so should be somewhat relative but really who knows.

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It's true on both sides, but we don't know to what degree. For example what proportion of users use HD wallets on Bitcoin vs. Ethereum? It's not measurable, although it could be estimated by someone who knows both spaces well.

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I hear ya, it is kind of arbitrary, that's why I mentioned it's questionable if it really means anything. It is interesting though but could be absolutely meaningless.

Proof of stake is around the corner as well. I can see more people hopping on any crypto that are POS for passive earnings.

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I am curious what that means, will ETH skyrocket or fizzle? Hard to really be sure.

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Bitcoin will always be the original, but eth has vitalik, smart contracts, crypto kitties, and pos. Has a lot of room to run from a btc standpoint from the highs this summer.

Not sure if anything will rocket pass btc.

nobody knows how many BTC users there are... ETH is a base for ponzi games now haha

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It’s mostly an ICO platform as far as I see it.

@themarkymark good morning, sorry, I paid 1 SBD 2 hours and 40 minutes ago, but the robot did not reach this publication https://steemit.com/venezuela/@djnial/fable

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I see a vote, the bidding rounds are 2 hours 40 minutes, but it can take some time for all the votes to go out.

This post has received a 0.05 % upvote from @drotto thanks to: @banjo.

Whew! Ethereum Pokemon!
Got to catch them all... and make them mate like bunnies to sell the offspring.

Nothing like a cryptokitty craze to get the wheels turning.

Great post!
I think that if ETH will break above $750.00 it will shoot up sooner than later. I’m not so sure about BTC, it looks very week.

@themarkymark friend I did not get the vote of the bot for 2 hours and 40 minutes to this publication https://steemit.com/venezuela/@mataburro/refranes-de-venezuela

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I see a vote, the bidding rounds are 2 hours 40 minutes, but it can take some time for all the votes to go out.

I still want a kitty.

You said that the kitty craze harmed Ethereum, but it helped birth new kitties, and isn't that more important?

I do wonder how many more transactions and value increase Ethereum owes to the kitty craze. I'd love to see actual figures on cost versus reward from the thing, to be honest.

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I think the kitty craze is dying, the price on them has dropped significantly. I think it used to be 7 ETH for a Gen0, now you can get them below 1 ETH and I think there are some for less.

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Time to buy some, sweet!

Yes, yes, I want them to have them, not to make money off of them :P

someday, I hope to understand this crypto world a bit better. Thank you for your posts of explaining this new world to us :)

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Kitties and Monsters are cute and nice.
But once Porn got hold of a blockchain, it will go [put in some phallic reference]

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It's already in progress. There is one that will be using a fork of Steem to reward people watching porn.

This is enough sign of the bumber chase these two coins might have in the nearest future.. . Healthy competitions

I think Ethereum has the potential this year to blow up like BTC in 2017. It really is a fantastic platform imo and will prove itself in 2018, separating from the pack along with LTC and maybe XRB.

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I do too, I recently bought a lot of ETH before it just pumped. I think it will be 5K+ by end of the year.

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Nice job, look forward to seeing more of your posts