On a long enough timescale, everything goes to 0.

As far as eth, sharding/PoS not happening anytime soon, it's a bloated, expensive, buggy ico platform and now that the ico market is dead it could easily go to $50 if bitcoin breaks down below 5k.

Ripple overtakes Eth as #2

RIP

the jokes write themselves

Well, that didn't take long to change back.

NSA likes ethereum

https://codebreaker.ltsnet.net/challenge

Pretty surprised 2p2 is bearish on Ether. It is really clearly the number 1 cryptocurrency and in the relatively near future price will reflect that

I think you are mistaken about the nr1 crypto, any hope of flippening died with all the useless DAPs and ICOs, ETH might be good but definitely not in the near future.

Well ethereum has already flipped bitcoin in every metric except market cap.

I never really understand the useless DAPPs and ICOs argument. Are you saying ethereum is not good because almost every ico and dapp ever created has been launched on the platform? Seems a bit counterintuitive no?

Umm.. no.

It is also systemically flawed, flawed from the launch, flawed from design, and flawed from precedent. It works as a temporary scam platform, but that is about it.

At least a 5 year "temporary" scam so far.

in b4 madoff

Coooooooop

Tell me more about these metrics.

How is it "clearly the #1 crypto"?

What metrics?

He's likely referring to stuff like this: www.flippening.watch

More transactions, more developers and more nodes (although developer and node count is questionable).

It's not a scam, it's a platform to launch scams, pretty much its only use case so far. I've never really understood why you like it? You've probably made lots of money from it, but aside from that.

I made the thread. It's my baby. Gotta maintain support and go down with the ship if I have to.

wrt metrics: More txs, more devs, more use, more throughput, more decentralised.

Less volume tho.

Working directly on Ethereum? No. All working on Dapps that will never gain traction.

For gambling on altcoins. Nobody uses Ethereum for anything else at all.

Ethereum has less nodes, a figure head, a foundation, software that is impossible for the average person to run a node, regular hard forks controlled by ~5 people, several ICOs controlling large chunks of supply etc etc.

More tx tho.


In the last 7 days ethereum has 5x+ more developers making commits on it than bitcoin, excluding dapps. Lifetime also more than 5x more developers making commits on it. Ethereum repositories have been forked more than bitcoin repositories too.

Ethereum has been around for 6 years less than bitcoin.

Wrt to 'dapp developers' These dapp teams are building the ethereum ecosystem as well as their dapps. For examples see omisego (plasma), loom (plasma cash), funfair/spankchain (state channels) to name but a few.

In your opinion.

Decentralised exchanges do far more volume than gambling dapps. Being able to exchange value in a decentralised manner, maintaining custody of your funds, seems like something that will be important in creating a more decentralised world.

Ethereum currently has >14k nodes while bitcoin has <10k.

Who often can't even get his own proposals implemented. See EIP 648, which i am still salty about

https://bitcoinfoundation.org/

To quote Cornell researcher Emin Gün Sirer:

“The data shows that the Ethereum nodes are both in the latency space, and also geographically more distributed around the world. Ethereum nodes tend to come from all sorts of places, smaller networks, and homegrown entities, as opposed to Bitcoin nodes, which tend to be located in data centres. Our study found that the majority of Bitcoin nodes, 56%, are in data centres.”

“Part of the reason for this is that a much higher percentage of Bitcoin nodes reside in data centers. Specifically, only 28% of Ethereum nodes can be positively identified to be in data centers, while the same number for Bitcoin is 56%,”

“Nodes that reside in data centers may indicate an increased level of corporatization. They may also be a symptom of nodes deployed to skew node counts for various different implementations.”

Not sure exactly what this means.

1 person can control a hard fork of any blockchain. Bitcoin had arguably the most famous hard fork in crypto history, when bitcoin cash was created, which was instigated by a relatively small number of people. Same goes for the hardforks which created:

- Bitcoin diamond,
- bitcoin classic,
- bitcoin gold
- bitcoin clashic
- bitcoin pizza
- bitcoin atom
- bitcoin lite

to name but a few.

Would be interested in some further explanation of this.

As with bitcoin the largest 'chunks of supply' are held by centralised exchanges. An issue that the Ethereum ecosystem is slowly improving as discussed above. Bitcoin does not have the capability to do this, lest we forget.

An ICO isn't an entity, it is a means of raising funds, but I am going to assume you mean that some projects which raised money at ICO still hold a lot of Ether.

Off the top of my head I think the team/project that holds the most ether currently is polkadot and they own less than 0.3% of the total supply.

When compared with major exchanges (almost all of which hold >0.5% of total supply of both Eth and Btc) it seems that focusing on individual projects/teams holding a 'chunk of supply' rather than decentralising the exchange market is a bit counter productive.

What else you got?

Pretty sure he isn't referring to "gambling dapps," which no one actually uses because no one uses dapps, he is referring to using eth to buy into altcoins which are all basically gambles/lottery tix right now. So volume on decentralized exchanges would actually be the gambling on alts he is referring to (as well as ICOs).

I see, if people wanted to say that gambling and trading were the same thing I wouldn't really argue.

>$5 million has been wagered on gambling dapps this week though so I think it is slightly unfair to say that no one uses them.

I hear EOS is the new but better Ethereum...and Cardano will be even better than those two.

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