Uncensored discussion forum for all cryptos.

TODAY,

Ethereum has processed 50% more transactions than Bitcoin.

Ethereum currently has only a handful of pending transactions while Bitcoin has tens of thousands still unprocessed.

To issue a transaction,
Ethereum costs fractions of a cent $.00X and does it in less than 20 seconds.
Bitcoin can take over ten minutes and cost several dollars.

Consider these facts how you will.

Sources:
ethtrader
https://etherscan.io/txsPending
https://blockchain.info/unconfirmed-transactions
https://etherscan.io/chart/tx
https://blockchain.info/charts

Bitcoin is like gold.. slow and will never really be used for anything serious except "storing value". Bitcoin will never be a real currency, but still - everyone should own at least a little.

With that said, you should own even MORE Ether,
I'm afraid too many people are all-in on only BTC and that is just dangerous. I do my best to diversify with about 50% in etg, 25% in btc, and 25% in other alts like OMG/GNT/EVX/ZRX/BMC ++

(11-09-2017, 03:48 AM)Indozuu Wrote: Bitcoin is like gold.. slow and will never really be used for anything serious except "storing value". Bitcoin will never be a real currency, but still - everyone should own at least a little.

With that said, you should own even MORE Ether,
I'm afraid too many people are all-in on only BTC and that is just dangerous. I do my best to diversify with about 50% in etg, 25% in btc, and 25% in other alts like OMG/GNT/EVX/ZRX/BMC ++

Hah, I agree completely with almost everything you said - however, a bit portion of bitcoins community is aware of the problems of bitcoin and are doing their best to fix these issues. This is the whole point of these hardforks - teams trying to implement better ways to make things faster, more secure, and cheaper - and part of the community disagreeing. Then they hardfork.

I think it's too early to completely rule out bitcoin as a currency - it very well could be useful for large transactions like car purchases or real estate.

On the other hand, for buying a coke or slice of pizza, there are now and will be better options. TenX is a great idea, as is Ripple. I'm personally a big fan of Monero - privacy is a great thing, even if you're not hiding something. Eventually we will live in a world where corporations will use our purchase data to flash advertisements in our faces everywhere we go - much like Minority Report . some privacy with our purchases could be valuable. Another good privacy coin that shows promise is PIVX.

It's really something that ethereum - which doesn't even aim to be a "currency" per say - is one of the best candidates to actually function as one.

I like the comparison to "digital oil", but it's so much more.. I'm afraid people are limiting its potential when they call it "digital oil"

(11-13-2017, 02:27 AM)Decentralized Investor Wrote: It's really something that ethereum - which doesn't even aim to be a "currency" per say - is one of the best candidates to actually function as one.

I like the comparison to "digital oil", but it's so much more.. I'm afraid people are limiting its potential when they call it "digital oil"

You make a good point, I think people called it "digital oil" in a positive light, but it's definitely underpromising ethereums potential.

BTW, ETH says on their own site they aren't exactly trying to be a currency - although their ERC20 tokens definitely could be, as they say

Quote:Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.

Source: https://www.ethereum.org/ether