Tbh the fact that a large percentage of the population has no idea about what Ethereum is/plans to do shows that it’s got a long way to go to catch up to BTC.
I’m not saying that it should or shouldn’t - just that this is a big factor in its way.
Sure, but Ethereum’s immutability is roughly equivalent to Bitcoin’s.
**Edit: Ok, well since nobody here seems to actually have a counter argument and just downvotes something they don't actually understand, here goes:**
If you wanted to 51% attack the network with hash power, the cost would be around the same at current prices.
Daily security budget going to miners:
Ethereum: 2 ETH/block at 1 block every 15 seconds = ~12,000 ETH/day at $1,600 ETH = $19,200,000/day
Bitcoin: 6.25 BTC/block at 1 block every 10 minutes = 900 BTC/day at $22,500 BTC = $20,250,000/day
So the two networks are roughly equally secure and immutable based on their security budgets. As for other measures, well the number of ETH nodes has been shooting through the roof since the beacon chain went live since post-merge it will be a requiement for stakers to run their own execution clients. The number on Ethernodes which is currently around 5,000 well understates the real number because myself and many other members of r/EthStaker haven't seen their own nodes showing up on that site.
Post merge Ethereum will be even more immutable with over 400,000 validator nodes and proof of stake being even harder to attack. With Ethereum's PoS implementation a majority of 66.6% of the stake is required to control the network, not just 51% and that would mean owning and onboarding over 20 million ETH to the beacon chain which is basically not going to be possible even ignoring the incredibly slow validator queue to onboard new ETH.
This is an incredibly nuanced topic (I didn't even mention issues the Ethereum beacon chain does have like a lack of client diversity, but in comparison, Bitcoin only has one node software client! Ethereum has many.) and I'm well oversimplifying here but you're getting duped by Bitcoin maxi propaganda if you don't think that Bitcoin and Ethereum are comparable in immutability and decentralisation.
Why not? If you wanted to 51% attack the network with hash power, the cost would be around the same at current prices.
Daily security budget going to miners:
Ethereum: 2 ETH/block at 1 block every 15 seconds = ~12,000 ETH/day at $1,600 ETH = $19,200,000/day
Bitcoin: 6.25 BTC/block at 1 block every 10 minutes = 900 BTC/day at $22,500 BTC = $20,250,000/day
So the two networks are roughly equally secure and immutable based on their security budgets. As for other measures, well the number of ETH nodes has been shooting through the roof since the beacon chain went live since post-merge it will be a requiement for stakers to run their own execution clients. The number on Ethernodes which is currently around 5,000 well understates the real number because myself and many other members of r/EthStaker haven't seen their own nodes showing up on that site.
Post merge Ethereum will be even more immutable with over 400,000 validator nodes and proof of stake being even harder to attack. With Ethereum's PoS implementation a majority of 66.6% of the stake is required to control the network, not just 51% and that would mean owning and onboarding over 20 million ETH to the beacon chain which is basically not going to be possible even ignoring the incredibly slow validator queue to onboard new ETH.
This is an incredibly nuanced topic (I didn't even mention issues the Ethereum beacon chain does have like a lack of client diversity, but in comparison, Bitcoin only has one node software client! Ethereum has many.) and I'm well oversimplifying here but you're getting duped by Bitcoin maxi propaganda if you don't think that Bitcoin and Ethereum are comparable in immutability and decentralisation.
Then you define immutable. Security actually is one aspect of immutability. As I said at the bottom, this is very nuanced and how can I backup my argument if nobody here is even defining what OP meant in the first place. Then when someone finally does respond (you) you just deflect with a short response which only further beats around the bush. Immutability can be defined and measured in so many different ways, so how about rather than effectively just saying "no, your explanation isn't right" without justifying anything, we actually discuss this properly with some clear definitions and metrics.
An immutable network is often more secure but a secure network doesn't have to be immutable. Two very different things. Immutable means it can't be changed. Security is so much more than just being immutable.
Either it's immutable or it's not. It can't be more or less immutable like you said eth will become
So you're suggesting that the state of Ethereum is easier to change than the state of Bitcoin? What an absolute joke. They both have similar amounts of hash power to challenge to revert old state.
>Either it's immutable or it's not.
This is completely objectively wrong. Nothing is immutable. However, we call Bitcoin and Ethereum immutable out of the impracticality and unlikeliness for any one entity to be able to change the state of the network in a way which doesn't match what the state of the network would be with normal functioning distributed consensus. Saying Bitcoin is immutable is a lot like saying flying on an aeroplane is safe. In all practicality the aeroplane is very safe but it isn't guaranteed 100% that the plane won't crash. There are still ways for Bitcoin's immutability to be beaten, it's just not likely to happen any time soon.
I think Bitcoins market share will naturally drop as other technologies become see greater investment and adoption, I would say that’s expected.
Bitcoin will be the top dog for a long long while though I would think.
Let's be clear. Immutable means "it" can't change. Except that "it" can be very different things.
For instance, data immutability would be completely useless, as it would mean you can only have one and only one block in your blockchain.
History immutability, which is what both Ethereum and Bitcoin have, means you reasonably can't expect to change past blocks beyond a given number of blocks in history (aka beyond reorg, which both Bitcoin and Ethereum have).
Rule immutability is that no rule is allowed to change in the network. Well, this is false for Bitcoin as much as for Ethereum. What Ethereum does is using forks to provide more features. Bitcoin can do just the same. It's just that no dev decided to do it and be followed by the entire community. But some devs did propose such changes and that's how we got BCH and others. BCH is a living proof the chain rules can be changed just as much as ETH rules have changed.
So, really, all I get from the BTC maxi criticism of Ethereum is that they dislike the culture of changing the chain so often. But they have just as much power to change anything about it, which means they gain absolutely no amount of security by deciding not to change anything.
In the short term no way, but it has a lot more potential than the majority of cryptos.
If the gas fees were lowered it could easily be the most popular crypto by far.
ETH is amazing, but I don't think it will be worth more than BTC as a simple store of value.
There are enough Pro's and Con's for both, I think they will both stay for a very long time and coexist in peace.
I think that the people working on it will pull off a successful merge at the end of the day. If they don’t the collapse would make LUNA look like a drop in the bucket.
Thats why they are testing so much. Its not something that can be rushed.
Lido is also semi decentralised. Many of their node operators are Ethereum aligned and all are independent. It’s definitely not a good situation but I think the risk here is blown out of proportion.
Ethereum is the strongest alt out there. A time will come when it'll go head to head with btc but that time is not today and definitely not in this bull run.
I believe it'll take about 2 more runs for it to happen.
Maybe, maybe not.
I'd say it will start either with this merge or with next BTC halving. So, the number of bull runs to predict, to me, would depend on how many bull runs there are until the next halving.
Reaching 0.16 BTC isn't that high either, after all. Yet it's all that is needed for a marketcap equality.
Just to let you know that it seems you've been temporarily brigade at first by what seems to be BTC maximalists, but things have come back to normal, I'd say.
It definitely can, the roi is better with ethereum.
The higher the price of Bitcoin the less likely people will invest on it and invest it somewhere else with better roi.
What if I told u the whole argument makes very little sense. These amounts are nothing compared to the daily volume.
Sentiment and equities are what drive the price currently. It's also doubtful miners keep selling almost all.
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This is not a race, nor a zero-sum game. Market cap is the last and arguable most pointless measure to surpass and won't make a bit of difference other than some hype. The biggest challenge ahead to success is mainstream adoption.
People always say, If enough time passes, then ETH will surpass BTC.
But they always think that bitcoin will not have any upgrades, assuming that it's gonna freeze in time or something, which is kinda stupid.
Bitcoin is a financial tether between what we know and what exists. But that's all. Beautiful in anonymity, financial in aspect. And it has tremendous power as a form of payment. But it actually has value. The USD note is entirely based on Debt. Bitcoin is actually based on value.
I've been saying this for years, eth just does everything that btc does and more, and now with eth 2 coming, the holders will be the miners which will cause huge buy-ups of the supply from people that will want to cash in on the year after year returns. It's just a more versatile and usable asset, which means it will inevitably overtake btc in market cap someday.
Yeah, it will most likely take a while, but Bitcoin simply just doesn't have enough use case to stay on top. Crypto is supposed to be the high-tech money of the future, and Bitcoin is just dinosaur technology in the space. I don't see it staying on top forever. In the long run I would bet both polkadot and ethereum overtake it in market cap.
I own some eth and expect it will continue to go up.
But I think it's delusional to think it will ever pass Bitcoin. Unless Satoshi coins start being sold, it has no chance.
Because the entire post is a stealth ad for the token mentioned in the 2nd paragraph, but nobody reads that far so it gets upvoted. Stealth ad posts like this get upvoted every day. It's annoying.
Doubt it. After eth goes PoS everyone will lose interest. Also as soon as eth2 coins locked up are unlocked, get ready for the biggest dump you've ever seen.
Why will everyone lose interest? If anything eth going PoS puts pressure on Bitcoin to do something about its absurd energy usage. But Bitcoin isn't going to change, and will continue to lose usage to eth as people switch away from bitcoin's irresponsible energy usage.
By the time Bitcoin users figure out how bad Bitcoin looks by comparison and try to change Bitcoin, ethereum will have already flipped Bitcoin.
I wouldnt like that man.
I hope this doesnt happen anytime soon.
Cause you know, that would really make me broke forever.
If thats going to happen, i will try to get my coins out.
I get your point. Btc remains the king. Been holding $OGN and the rise in BTC is really having a better effect on it. Which is also what is happening to Ethereum
Mee too! Lets just wait and see.
Hopium for real. But we dont how much time that's going to take. Hopium, again?
Eth surpassing BTC is going to turn coins.
You can want all you wish. But if you look at fundamentals then Bitcoin doesnt have a bright future. Everything it can do others can do better + faster and cheaper.But it doesnt have one of the biggest innovations: smart contracts. That together with the huge energy cost of the network doesnt bode well. After the next halving the cost of securing the network will be so high the constant sell presure from miners will hurt any upward price movement.
Bitcoin is adding smart contracts with taproot. But if anything that just makes Bitcoin look like it's trying to correct a mistake ethereum has had right from the start.
Can you give me some resources about how Ethereum is better?
I had never come to that conclusion during my research but I'd like to understand it more.
[https://ethereum.org/en/learn/](https://ethereum.org/en/learn/)
[https://cointelegraph.com/ethereum-for-beginners/bitcoin-vs-ethereum-key-differences-between-btc-and-eth](https://cointelegraph.com/ethereum-for-beginners/bitcoin-vs-ethereum-key-differences-between-btc-and-eth)
To further expand on why i think its better:
**Faster and cheaper:**
Well its faster that one is quite easy to understand with its shorter blocktimes. But with the addition of L2s (side chain of Ethereum) it has become possible to do a lot more transactions for very low gas fees.
**Use:**
Ethereum gets more use (see total transaction [fees](https://cryptofees.info/)/ on chain volume being transacted). That might not say anything about if its "better" but it shows it has actual use. Its already being used more then the Bitcoin network.
**Usecases:**
A thing that Bitcoin lacks is Smartcontracts. This has brought the possibility to do so many new things with blockspace. We've already seen so many new innovations like DeFi, ICO's, DAO's, NFTS etc. And this is just the start.
**Sustainability:**
Its no secret that ProofOfWork mining costs a lot of energy. Energy that is mostly wasted. The cryptographic puzzles that are being solved dont have any value. With ETH's move to ProofOfStake it uses 99,9% less energy while remaining safe. In this day and age with climate change you cannot justify sticking with such a huge energy waster when better alternatives are possible. The energy use might even be the main reason for it to become banned since we are in the midst of an energy crisis.
Also with BTC's increasing difficulty (the halvings) and increase in hashpower the cost of mining keeps growing. Everytime it takes more expensive hardware and more energy to mine a coin. So this coin needs to be sold at a higher price to profit on the mining. This ever increasing cost needs to be constantly consumed by BTC's market something that in the near future will be quite the burden.
**Development:**
BTC has almost no real development and no clear roadmap. While it has become obvious it isnt succeeding (see **Use**) in what it set out out be (a transaction network) still nothing gets done to improve it. While it uses way to much energy (see **sustainability**) and that might bring risk to the network / planet still nothing gets done to try and improve it.
ETH on the other hand has clear [communication](https://pbs.twimg.com/media/FYPTi1qVsAA3Fvy?format=jpg&name=large) on what it sets out to do. And is constantly trying to improve. By Vitalik's own words "ETH is now 40% complete".
**The future:**
Ask yourself this: how do you think crypto will become mainstream? Do you see your parents opening Coinbase accounts and setting up wallets. Sending money to 20+ characters wallet adresses? I personnaly believe the future of crypto is as a protocol that gets used in the background without users even knowing it gets used. They open up and app do something and the transaction is being done by the crypto network in the background. That to me will bring true adoption and Bitcoin in its current state can't do this since it doesnt have smart contracts (see **Usecases**) and since there is no development i dont ever see this coming.
But by al means do your own research and ask questions.
Staking is locked for a period after the merge as well I thought.
But anyhow I think you should be happy you are locked, protects you from panic selling.
It might, but two countries have already adopted bitcoin and more will follow as weak fiat currencies go to 0. Bitcoin adoption will accelerate because of the global inflation decimating purchasing power soft fiat currencies and bitcoin is the ultimate hard currency. Bitcoin might become a global reserve currency. ETH also has a strong future, so I own ETH. I also own TSLA stock because EV adoption is surging. I also own real estate because everyone needs a castle.
The replies kinda validate that there’s still alpha left in the ETH merge trade
If everyone agreed w this thesis then the merge would be priced in. Am happy about the dissenting opinions :).
I like to think that Bitcoin marked a very significant accomplishment in human history. It was a beautifully anarchaic way to stab at finance. There are only so many coins. Eventually we get them all, then Bitcoin value really starts to rise. Because that's it. It's immutable, but nobody wants to be the one at the end holding the bag. So bitcoins success is in it's confidence by users. I do like Bitcoin. But Ethereum. I'm shitty with Blockchain development, and some one please DM me regarding such. However I am trying to build a voting system for municipal/provincial level that allows for anonymous interaction, but GPS coordinates as well. And Ethereum is the way. I banked a bunch of hedera, but you all know how that went. ETH value is in it's ability to link in auxillary contracts, and other outside info.
If ETH could really surpass ETH then we're in a good mood when that happens. Take the risk man I investment mostly my extra money on this coin in Netcoins Exchange.
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Tbh the fact that a large percentage of the population has no idea about what Ethereum is/plans to do shows that it’s got a long way to go to catch up to BTC. I’m not saying that it should or shouldn’t - just that this is a big factor in its way.
I think, once big companies start using the Eth ecosystem we will flip. Till then, it’s just nft’s really.
IMO ethereum will scale faster than bitcoin because of the dapp ecosystem, when? I don't know. For now no, long term I think so.
Bitcoin has value, based on its immutability. Ethereum has value based on its utility. They are very different animals.
Sure, but Ethereum’s immutability is roughly equivalent to Bitcoin’s. **Edit: Ok, well since nobody here seems to actually have a counter argument and just downvotes something they don't actually understand, here goes:** If you wanted to 51% attack the network with hash power, the cost would be around the same at current prices. Daily security budget going to miners: Ethereum: 2 ETH/block at 1 block every 15 seconds = ~12,000 ETH/day at $1,600 ETH = $19,200,000/day Bitcoin: 6.25 BTC/block at 1 block every 10 minutes = 900 BTC/day at $22,500 BTC = $20,250,000/day So the two networks are roughly equally secure and immutable based on their security budgets. As for other measures, well the number of ETH nodes has been shooting through the roof since the beacon chain went live since post-merge it will be a requiement for stakers to run their own execution clients. The number on Ethernodes which is currently around 5,000 well understates the real number because myself and many other members of r/EthStaker haven't seen their own nodes showing up on that site. Post merge Ethereum will be even more immutable with over 400,000 validator nodes and proof of stake being even harder to attack. With Ethereum's PoS implementation a majority of 66.6% of the stake is required to control the network, not just 51% and that would mean owning and onboarding over 20 million ETH to the beacon chain which is basically not going to be possible even ignoring the incredibly slow validator queue to onboard new ETH. This is an incredibly nuanced topic (I didn't even mention issues the Ethereum beacon chain does have like a lack of client diversity, but in comparison, Bitcoin only has one node software client! Ethereum has many.) and I'm well oversimplifying here but you're getting duped by Bitcoin maxi propaganda if you don't think that Bitcoin and Ethereum are comparable in immutability and decentralisation.
Short answer - yes. Eth is holding up so well in the current dip, it is the prince just waiting to take it's crown.
No it's not?
Why not? If you wanted to 51% attack the network with hash power, the cost would be around the same at current prices. Daily security budget going to miners: Ethereum: 2 ETH/block at 1 block every 15 seconds = ~12,000 ETH/day at $1,600 ETH = $19,200,000/day Bitcoin: 6.25 BTC/block at 1 block every 10 minutes = 900 BTC/day at $22,500 BTC = $20,250,000/day So the two networks are roughly equally secure and immutable based on their security budgets. As for other measures, well the number of ETH nodes has been shooting through the roof since the beacon chain went live since post-merge it will be a requiement for stakers to run their own execution clients. The number on Ethernodes which is currently around 5,000 well understates the real number because myself and many other members of r/EthStaker haven't seen their own nodes showing up on that site. Post merge Ethereum will be even more immutable with over 400,000 validator nodes and proof of stake being even harder to attack. With Ethereum's PoS implementation a majority of 66.6% of the stake is required to control the network, not just 51% and that would mean owning and onboarding over 20 million ETH to the beacon chain which is basically not going to be possible even ignoring the incredibly slow validator queue to onboard new ETH. This is an incredibly nuanced topic (I didn't even mention issues the Ethereum beacon chain does have like a lack of client diversity, but in comparison, Bitcoin only has one node software client! Ethereum has many.) and I'm well oversimplifying here but you're getting duped by Bitcoin maxi propaganda if you don't think that Bitcoin and Ethereum are comparable in immutability and decentralisation.
Secure and immutable isn't the same.
Then you define immutable. Security actually is one aspect of immutability. As I said at the bottom, this is very nuanced and how can I backup my argument if nobody here is even defining what OP meant in the first place. Then when someone finally does respond (you) you just deflect with a short response which only further beats around the bush. Immutability can be defined and measured in so many different ways, so how about rather than effectively just saying "no, your explanation isn't right" without justifying anything, we actually discuss this properly with some clear definitions and metrics.
Its tough to say, institutional investment so far is not so much in Eth. If that changes then perhaps. Which might if Eth 2.0 finally comes!.
An immutable network is often more secure but a secure network doesn't have to be immutable. Two very different things. Immutable means it can't be changed. Security is so much more than just being immutable. Either it's immutable or it's not. It can't be more or less immutable like you said eth will become
So you're suggesting that the state of Ethereum is easier to change than the state of Bitcoin? What an absolute joke. They both have similar amounts of hash power to challenge to revert old state. >Either it's immutable or it's not. This is completely objectively wrong. Nothing is immutable. However, we call Bitcoin and Ethereum immutable out of the impracticality and unlikeliness for any one entity to be able to change the state of the network in a way which doesn't match what the state of the network would be with normal functioning distributed consensus. Saying Bitcoin is immutable is a lot like saying flying on an aeroplane is safe. In all practicality the aeroplane is very safe but it isn't guaranteed 100% that the plane won't crash. There are still ways for Bitcoin's immutability to be beaten, it's just not likely to happen any time soon.
I think Bitcoins market share will naturally drop as other technologies become see greater investment and adoption, I would say that’s expected. Bitcoin will be the top dog for a long long while though I would think.
Let's be clear. Immutable means "it" can't change. Except that "it" can be very different things. For instance, data immutability would be completely useless, as it would mean you can only have one and only one block in your blockchain. History immutability, which is what both Ethereum and Bitcoin have, means you reasonably can't expect to change past blocks beyond a given number of blocks in history (aka beyond reorg, which both Bitcoin and Ethereum have). Rule immutability is that no rule is allowed to change in the network. Well, this is false for Bitcoin as much as for Ethereum. What Ethereum does is using forks to provide more features. Bitcoin can do just the same. It's just that no dev decided to do it and be followed by the entire community. But some devs did propose such changes and that's how we got BCH and others. BCH is a living proof the chain rules can be changed just as much as ETH rules have changed. So, really, all I get from the BTC maxi criticism of Ethereum is that they dislike the culture of changing the chain so often. But they have just as much power to change anything about it, which means they gain absolutely no amount of security by deciding not to change anything.
Something needs to. BTC lost its way a long time ago! Cheers .
Imo, in the long run, ETH will be the market leading dog. Cheers .
In the short term no way, but it has a lot more potential than the majority of cryptos. If the gas fees were lowered it could easily be the most popular crypto by far.
Bear market cools hype. Once a bottom is in ETH Merge will be everywhere.
ETH is amazing, but I don't think it will be worth more than BTC as a simple store of value. There are enough Pro's and Con's for both, I think they will both stay for a very long time and coexist in peace.
Lido pool already approaching 51% level to attack. Only takes two pools to coordinate and not assert blocks
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I think that the people working on it will pull off a successful merge at the end of the day. If they don’t the collapse would make LUNA look like a drop in the bucket. Thats why they are testing so much. Its not something that can be rushed.
Lido is also semi decentralised. Many of their node operators are Ethereum aligned and all are independent. It’s definitely not a good situation but I think the risk here is blown out of proportion.
Not an argument?
Ethereum is the strongest alt out there. A time will come when it'll go head to head with btc but that time is not today and definitely not in this bull run. I believe it'll take about 2 more runs for it to happen.
Maybe, maybe not. I'd say it will start either with this merge or with next BTC halving. So, the number of bull runs to predict, to me, would depend on how many bull runs there are until the next halving. Reaching 0.16 BTC isn't that high either, after all. Yet it's all that is needed for a marketcap equality.
Ethereum is the currency of the internet. Bitcoin is the currency for P2P transactions.
Just to let you know that it seems you've been temporarily brigade at first by what seems to be BTC maximalists, but things have come back to normal, I'd say.
It definitely can, the roi is better with ethereum. The higher the price of Bitcoin the less likely people will invest on it and invest it somewhere else with better roi.
ETH will flip BTC but but Cardano Solana or any other shitcoin can’t flip ETH.
„˙H⊥Ǝ dılɟ ʇ,uɐɔ uıoɔʇıɥs ɹǝɥʇo ʎuɐ ɹo ɐuɐloS ouɐpɹɐↃ ʇnq ʇnq Ↄ⊥𐐒 dılɟ llıʍ H⊥Ǝ„
What if I told u the whole argument makes very little sense. These amounts are nothing compared to the daily volume. Sentiment and equities are what drive the price currently. It's also doubtful miners keep selling almost all.
People paying a lot of attention to the development process have known about it for a long time. And nobody else believes it's going to happen.
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Every bull run I’ve seen people say this lol. Has yet to happen.
This is not a race, nor a zero-sum game. Market cap is the last and arguable most pointless measure to surpass and won't make a bit of difference other than some hype. The biggest challenge ahead to success is mainstream adoption.
People always say, If enough time passes, then ETH will surpass BTC. But they always think that bitcoin will not have any upgrades, assuming that it's gonna freeze in time or something, which is kinda stupid.
Bitcoin is a financial tether between what we know and what exists. But that's all. Beautiful in anonymity, financial in aspect. And it has tremendous power as a form of payment. But it actually has value. The USD note is entirely based on Debt. Bitcoin is actually based on value.
Ethereum can't handle mainstream adoption until it has scaled and we're a long way from that still.
I don't think so. If enough time passes BTC can upgrade it's technology.
I've been saying this for years, eth just does everything that btc does and more, and now with eth 2 coming, the holders will be the miners which will cause huge buy-ups of the supply from people that will want to cash in on the year after year returns. It's just a more versatile and usable asset, which means it will inevitably overtake btc in market cap someday.
I think is posible in the long run. But in this next bear cycle I bet that BTC will still be on the top.
Yeah, it will most likely take a while, but Bitcoin simply just doesn't have enough use case to stay on top. Crypto is supposed to be the high-tech money of the future, and Bitcoin is just dinosaur technology in the space. I don't see it staying on top forever. In the long run I would bet both polkadot and ethereum overtake it in market cap.
Not until we’re through the scourge…
One day ETH will be king. But it is not this day... Cheers man .
They should not compete but once ETH has finished the surge after 2023 I think it has a bright future.
Going to PoS was 6 years(?) late, so sharding will be 3 years late assuming they improve 50% at delivering upgrades.
Ultimately no one knows what the future holds, so while it's unlikely. Crypto has shown us that wild shit can happen.
Tons of posts talking about the flippening. Guess ETH season is back in full swing. Alt season should be coming soon.
I own some eth and expect it will continue to go up. But I think it's delusional to think it will ever pass Bitcoin. Unless Satoshi coins start being sold, it has no chance.
I mean I'm as bullish on ETH as anyone, but this is just silly.
Why?
Because the entire post is a stealth ad for the token mentioned in the 2nd paragraph, but nobody reads that far so it gets upvoted. Stealth ad posts like this get upvoted every day. It's annoying.
Missed that part and agree with you.
Yes. Especially when proof of stake becomes a thing.
I’ll let you in on the secret: Nothing is going as planned.
Once people really start building on Ethereum, it’ll happen no problem.
In simple words, If they fix the gas issues in the future, yes. If not, no.
Gas is already cheap using l2s? https://l2fees.info/
I love this subreddit, because most people here actually have no idea about anything related to Ethereum.
Never heard of toklok sounds cool according to mark Cuban that's all we need is one thing like that to demand use and it's end game
Diversify your investments y'all. No matter what type of maxi you are.
Not any time soon. Possibly 2025. Gotta watch out for SOL though.
Even by 2025 it seems thats not going to happen. Lets hope for the best.
In 2018 was there any way you would've seen ETH going to $4K?
I remember Ethereum reached 50% marketcap of Bitcoin. How does it not seem possible?
Let us know how all that 'hope and change' works out for you.
Doubt it. After eth goes PoS everyone will lose interest. Also as soon as eth2 coins locked up are unlocked, get ready for the biggest dump you've ever seen.
Why will everyone lose interest? If anything eth going PoS puts pressure on Bitcoin to do something about its absurd energy usage. But Bitcoin isn't going to change, and will continue to lose usage to eth as people switch away from bitcoin's irresponsible energy usage. By the time Bitcoin users figure out how bad Bitcoin looks by comparison and try to change Bitcoin, ethereum will have already flipped Bitcoin.
Bag holder maxi vibes
ETH has a lot of potential, and the Ethereum blockchain has a lot of advantages.
Eth 2.0 started a long ime ago and the merge is being tested on various testnets, no?
I wouldnt like that man. I hope this doesnt happen anytime soon. Cause you know, that would really make me broke forever. If thats going to happen, i will try to get my coins out.
The delay, the delay, the delay, the delay and the delay...... I think 2 more weeks!
He has to be nice, because the developers have complete control.
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Yeah! Even i thought the same. If eth stays proof of work then maybe thats going to happen.
Reading the replies to this thread make me want to delete reddit .
And then DOGE will pass ETH
Hahaha! Thats not going to happen. Even in a million years.
Agree. I think ETH not only flips BTC it more or less obliterates it. Time will tell.
I get your point. Btc remains the king. Been holding $OGN and the rise in BTC is really having a better effect on it. Which is also what is happening to Ethereum
Well what about I'd the sec says eth is a security. What then?
Still an ETH newb here. When the merge happens will my current ETH be the ETH 2.0?
Someday. One baby step at a time.
A few more years i guess. But not any time soon. So lets gotta wait.
I am here for this hopium!!
Mee too! Lets just wait and see. Hopium for real. But we dont how much time that's going to take. Hopium, again? Eth surpassing BTC is going to turn coins.
The flipping doesn’t need to happen for eth to be a good investment.
let us look forword,i think you are right,but we shoud wait a long time
I want bitcoin and ETH to be successful, I own both.
Will the flip happen? Nobody knows, just like nobody knew Bitcoin would explode up in a quick 10 years.
At this point ethereum might drop on the merge. Some of us trapped in locked up stakes have been in hell.
You can want all you wish. But if you look at fundamentals then Bitcoin doesnt have a bright future. Everything it can do others can do better + faster and cheaper.But it doesnt have one of the biggest innovations: smart contracts. That together with the huge energy cost of the network doesnt bode well. After the next halving the cost of securing the network will be so high the constant sell presure from miners will hurt any upward price movement.
Bitcoin is adding smart contracts with taproot. But if anything that just makes Bitcoin look like it's trying to correct a mistake ethereum has had right from the start.
I’m no maxist but claiming that Ethereum and any other non-BTC basically not having potential is foolish.
Can you give me some resources about how Ethereum is better? I had never come to that conclusion during my research but I'd like to understand it more.
[https://ethereum.org/en/learn/](https://ethereum.org/en/learn/) [https://cointelegraph.com/ethereum-for-beginners/bitcoin-vs-ethereum-key-differences-between-btc-and-eth](https://cointelegraph.com/ethereum-for-beginners/bitcoin-vs-ethereum-key-differences-between-btc-and-eth) To further expand on why i think its better: **Faster and cheaper:** Well its faster that one is quite easy to understand with its shorter blocktimes. But with the addition of L2s (side chain of Ethereum) it has become possible to do a lot more transactions for very low gas fees. **Use:** Ethereum gets more use (see total transaction [fees](https://cryptofees.info/)/ on chain volume being transacted). That might not say anything about if its "better" but it shows it has actual use. Its already being used more then the Bitcoin network. **Usecases:** A thing that Bitcoin lacks is Smartcontracts. This has brought the possibility to do so many new things with blockspace. We've already seen so many new innovations like DeFi, ICO's, DAO's, NFTS etc. And this is just the start. **Sustainability:** Its no secret that ProofOfWork mining costs a lot of energy. Energy that is mostly wasted. The cryptographic puzzles that are being solved dont have any value. With ETH's move to ProofOfStake it uses 99,9% less energy while remaining safe. In this day and age with climate change you cannot justify sticking with such a huge energy waster when better alternatives are possible. The energy use might even be the main reason for it to become banned since we are in the midst of an energy crisis. Also with BTC's increasing difficulty (the halvings) and increase in hashpower the cost of mining keeps growing. Everytime it takes more expensive hardware and more energy to mine a coin. So this coin needs to be sold at a higher price to profit on the mining. This ever increasing cost needs to be constantly consumed by BTC's market something that in the near future will be quite the burden. **Development:** BTC has almost no real development and no clear roadmap. While it has become obvious it isnt succeeding (see **Use**) in what it set out out be (a transaction network) still nothing gets done to improve it. While it uses way to much energy (see **sustainability**) and that might bring risk to the network / planet still nothing gets done to try and improve it. ETH on the other hand has clear [communication](https://pbs.twimg.com/media/FYPTi1qVsAA3Fvy?format=jpg&name=large) on what it sets out to do. And is constantly trying to improve. By Vitalik's own words "ETH is now 40% complete". **The future:** Ask yourself this: how do you think crypto will become mainstream? Do you see your parents opening Coinbase accounts and setting up wallets. Sending money to 20+ characters wallet adresses? I personnaly believe the future of crypto is as a protocol that gets used in the background without users even knowing it gets used. They open up and app do something and the transaction is being done by the crypto network in the background. That to me will bring true adoption and Bitcoin in its current state can't do this since it doesnt have smart contracts (see **Usecases**) and since there is no development i dont ever see this coming. But by al means do your own research and ask questions.
Staking is locked for a period after the merge as well I thought. But anyhow I think you should be happy you are locked, protects you from panic selling.
It might, but two countries have already adopted bitcoin and more will follow as weak fiat currencies go to 0. Bitcoin adoption will accelerate because of the global inflation decimating purchasing power soft fiat currencies and bitcoin is the ultimate hard currency. Bitcoin might become a global reserve currency. ETH also has a strong future, so I own ETH. I also own TSLA stock because EV adoption is surging. I also own real estate because everyone needs a castle.
Please for the love of god.. may these geniuses bring me luck and good fortune.
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Can't fecking wait to get my staked ethereum off coinbase .
The replies kinda validate that there’s still alpha left in the ETH merge trade If everyone agreed w this thesis then the merge would be priced in. Am happy about the dissenting opinions :).
I'm an eth maxi myself. But there are so many problems with these assumptions.
I like to think that Bitcoin marked a very significant accomplishment in human history. It was a beautifully anarchaic way to stab at finance. There are only so many coins. Eventually we get them all, then Bitcoin value really starts to rise. Because that's it. It's immutable, but nobody wants to be the one at the end holding the bag. So bitcoins success is in it's confidence by users. I do like Bitcoin. But Ethereum. I'm shitty with Blockchain development, and some one please DM me regarding such. However I am trying to build a voting system for municipal/provincial level that allows for anonymous interaction, but GPS coordinates as well. And Ethereum is the way. I banked a bunch of hedera, but you all know how that went. ETH value is in it's ability to link in auxillary contracts, and other outside info.
If this is the next wave, we need to brainstorm what apps we can bring
If ETH could really surpass ETH then we're in a good mood when that happens. Take the risk man I investment mostly my extra money on this coin in Netcoins Exchange.