Ethereum is going to Moon because Bitcoin being Stupid - Facts
We all know about upcoming Hard Fork of Bitcoin Segwit 2x happening in November 2017, This hard fork has created a lot of confusion as well as expected to create a lot more complications in bitcoin network.
As it is not only coming up with another bitcoin chain split but also going to create a possibility of "Replay Attack"
If you want to know more about "Replay Attack", please refer to my previous post by clicking here
With all this mess in bitcoin network, it would be safer for people not to spend their bitcoin, and of that happens, people would start looking at alternatives to make transactions and trade.
Why Ethereum?
- Anonymous Transactions
- Lower Transaction Fee lower than ever
- Decentralized Mining
- ETH Trading Pairs on Exchanges
After the recent update ethereum has started making transactions anonymously. Now this was one reason, why people were looking at ethereum only in prospect of being a framework of blockchain and creating Decentralized applications or launching personalized cryptocurrency under ERC20 tokens.
Now believe it or not but there has been experiments, where people tried to send Ethereum transaction with the transaction fee lower than $0.01, and transactions didn't get stuck or pending but still got mined and went through with no issues. This is a huge deal which bitcoin can not provide specifically at this moment.
Ethereum mining is based on Equihash Algorithm which is currently ASIC proof, Which means Ethereum can only be mined through Graphic Processing Units (GPUs). This makes a cryptocurrency very powerful and decentralized. However in near future ETH has decided to shift it's consensus mechanism from PoW (Proof of Work) to PoS (Proof of Stake) by doing that ETH mining will be gone and instead of mining, people with more ETH coins will be earning more ETH coins on the basis of staking it on the network.
One of the major aspects of ETH going to moon would be ETH is not only listed on all the major exchanges but also being paired with other cryptocurrencies for trading, I believe trading would not be stopped at all and People who want to trade on any of the exchanges let it be Bittrex, Poloniex or anyother major exchange, They have the option to trade with ETH pairing rather than trading in BTC pairing
I am not a financial advisor by any means, I would request you to do your own research before investing in anything.
These are the facts that i have analysed so far, please correct me if i am wrong in any manner or missed something. As i love to improve my self (humans makes mistakes).
Please let me know your thoughts, what you think about ETH going to moon in the comment section below.
Nice post, but why Ethereum... I guess Litecoin is a much better alternative for transferring value. Or this Whale's favourite: ZenCash.
@whalereward i do agree upon transferring value litecoin would be fastest... but if you check the fact of replacing bitcoin in value transfer as well as trading alternate ETH is much better option of everyone...
Nice post. I've always thought Ethereum has great potential. But of course we must remember that this is all speculative. I don't see it achieving anywhere near the growth Bitcoin has enjoyed.
Perhaps we could get you to do guest episode with us on Crypto nights @bunnychum ? To find out more, have a look at the recent post I've shared. Would love to hear your thoughts.
Up-voted & followed
Anton
@antonburton thank you mate, i am honored... will be checking your posts :)
Following you too...
Fantastic! Incase you weren't aware, our latest episode was uploaded last night. You received a special mention @bunnychum :)
Thank you @antonburton, I am truly honored...
Upvoted and Resteemed :)
I agree ethereum will shot up soon. Migration from pow to pos itself is a big deal and not mention the big number of corporate projects. Ethereum may be one among the very few alt coins standing after a brutal storm soon!!!
Ethereum looks great for now. But once EOS network drops. Silicon Valley tech will be partnering with block.one and be building apps on EOS. FYI Silicon Valley venture capitalists are already invested in EOS and BTS then unfortunately ethereum will be taking a back seat as they cannot scale
@tt-dogg i do agree on this EOS has much brighter future than Ether but only when it rolls out... Until then it's hard to beat Ether...
Boom nailed it as Ethereum gets more public attention after these stupid hard forks for bitcoin it should very well moon and gain more public traction as Casper etc rolls out. Just wrote a post on this today if you care to check it out. Thanks!
@bitcoinflood thank you for your wonderful insight, just checked you post... Nicely Written...
Upvoted and Following you...
Great job! I also think that Ethereum has a bright future on front of it. Let's see where it will be after Bitcoin finishes with these hard forks.
@mejustandrew yes, it's just few days wait now...
we probably wont see much money leave bitcoin until after the segwit2x fork in a few weeks, though
@flygoing yes, it is highly likely for bitcoin to fall after 2x hard fork...
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Seriously, I am fed up of these hard forks. Even bitcoin-cash is having a hard fork, a hard fork of a hard fork that is, WTF!
Everyone I think ethereum might be about to gain some momentum it seems to lose it very quickly always around the early to mid 300's I think it will take some big news to push it past that for good. But for now I'm happy buying at ~280 then selling around 300 Every couple weeks.