Recently I came by a tweet by Andreas Antonopoulos stating: Which got me thinking - can Ethereum or any other cryptocurrency be seen as a Bitcoin rival?First, lets look at how Bitcoin competes with fiat.Looking at the definition, a rival is defined as "A competitor with the same goal as another, or striving to attain the same thing.Defeating a rival may be a primary or necessary goal of a competitor."and "Someone or something with similar claims of quality or distinction as another.".Whentalking about most fiat currencies like USD, Euro, GBP, etc., or hard assets like Gold or Silver, it might be hard to call Bitcoin a rival to those, at least so far.A lot of national and international currencies exist to facilitate trade, government programs, taxes, etc. on a scale where Bitcoin doesn't register yet.Previous metals are similarly used for some trade, as well as store of value, speculation, etc. While Bitcoin can fulfil similar niches as those currencies, the currency would first need to rise in value a few orders of magnitude to be able to compete on the same scene.

In the future, Bitcoin may be seen as a competitor to USD or Gold, but it will probably take awhile.That, however, doesn't stop it from filling in some other niches.While Bitcoin might not compete against Gold or USD, it can still catch the attention of some gold bugs, internet sellers, or the unbankables.ethereum price june 2016Bitcoin might be too small to compete in the primary markets of companies like PayPal or Western Union, but it seems to be catching up in the more fringe markets.bitcoin coin mining calculatorBitcoin's most direct rivals would be the various altcoins.Looking at the current cryptocurrency market, we have Bitcoin at $7.4B market cap, Ethereum at $1B, Ripple at $576M and Litecoin at $202M, with every other coin having substantially less than $100M.bitcoin to pkr converter

Bitcoin's most direct competitor feature-wise would be Litecoin, sitting at 1/38th of the market cap.While it might be a notable currency for speculation, there doesn't seem to be as much adoption and development push from within and without the Litecoin community to say that LTC is competing with BTC.bitcoin mining on nvidiaAs such, it doesn't look like a potential rival for Bitcoin.Ripple, due to the centralized control of its XRP tokens, can never hope to compete with Bitcoin.tao bitcoin addressSimilar to Omni and Counterparty, it might be better suited to be a Bitcoin compliment - dealing with user-created currencies, while leaving Bitcoin to be the decentralized currency.This leaves us with the main topic - Ethereum.bitcoin atm in franceEthereum is a bit of a mixed bag.bitcoin viability

Its genesis block started with ~72M ETH being created for the presale (~60M ETH), the developers, and the Ethereum foundation (~12M ETH).With the current supply of 80M ETH, that presale constitutes a large chunk of the total ethers in circulation.buy bitcoin with xrpSome might see that as premining, while others, like myself, don't see similar presales as such.Ethers also aren't always viewed as currency, but rather as a token for executing code on Ethereum.hd 4000 bitcoin miningWhile that might be true and some core developers might say that for legal reasons (to protect themselves from any legal fallout from the token presale), it hasn't stopped people from speculating on the value and bringing the value up more than 10 fold in the last year.Lastly, Ethereum does a lot more with its scripting language than what Bitcoin can.Until we get something like sidechains up and running, Bitcoin will probably not be Ethereum's rival anytime soon.However, the opposite might not be true.

Ethereum has 1/7th the market supply of Bitcoin, a large community around the world, and is starting to get high-profile projects like The DAO.As such, Ethereum is shaping up to be a rival to Bitcoin.With all of that being said, Ethereum and Bitcoin filling the same niche of decentralized internet currency might not be too bad.Both of the currencies still have bigger opponents to overcome on their way up - fiats, precious metals, centralized payment processors taking big cuts, etc. Success of one might not mean the loss of other.As long as both communities remain on good terms, developers, exchanges, and other crypto businesses are open to accepting both currencies, and we keep our eyes on the same target of overcoming the old way of banking, there is no reason why this rivalry couldn't be a friendly coopetition.Bitcoin is not yet a rival to the big fiats or precious metals, as it is too small to register.Most altcoins aren't big enough to compete with Bitcoin.Ethereum is a potential rival to Bitcoin, but there is no reason for competing directly with one another when there are old currencies and use cases to take on first.

Brian, March 28, 2017June 23, 2017 ’s commitment to reserve 19% of the initial lumens—19% of the initial lumens—a total of 19 billion lumens—for people who hold bitcoin.Today, we are announcing that for the next round, we are distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens.On June 27th, 2017, we will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.If this is new to you, you may ask why are we doing this?When we were first designing Stellar, Bitcoin acted as a profound inspiration.The Bitcoin network was the first to show that it’s possible for a group of untrusted parties to agree on a common database, and the Bitcoin community still influences our understanding of this technology’s impact.Get notified with updates on the bitcoin-lumen program.June 26, 2017: We’ll take a snapshot of the blockchain at the first block mined with a timestamp on June 26th (UTC/GMT).

This snapshot will record the coin balances of all bitcoin accounts at that time.June 27, 2017: We’ll publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address.We will then send that address’s share of lumens to the provided Stellar account.To get a sense of the giveaway math, take Rachel as an example: At time of snapshot 16,215,950 bitcoins in existence Rachel owns 10 bitcoins Rachel can claim 16,000,000,000 * (10/16,215,950) = 9,866.83 lumens Calculation Rachel owns .00006167% of the bitcoins in existence at the time of the snapshot.Her 9,866.83 lumens therefore equals .00006167% of lumens given away.August 27th, 2017: The bitcoin lumen program will conclude.’s operational fund and to the Build Challenge.Due to regulatory restrictions, this program is closed to residents of the U.S.states of New York, Georgia, New Hampshire, and Connecticut as well as the nations of Iran, Cuba, North Korea, and other countries subject to sanctions by the United States.

These restrictions are subject to change to account for changes in regulatory posture. will not participate in the bitcoin-lumen program or claim any lumens from it.On June 27th: we will provide a link to the claim page, where you will need to complete this simple process: Most bitcoin wallets support this, including: Please note, if your bitcoins are with coinbase you won’t be able to claim your lumens.If you’re not using an exchange, then law requires us to ensure you’re not on the U.S.sanctions list or located in any of the restricted jurisdictions listed above.We’re using Facebook account verification to complete this check.We know this kind of sucks.Privacy is a top concern for the Bitcoin ecosystem. won’t use your Facebook data for any other purposes and will never post to your account.If you’d rather not share your Facebook information, you can still go through a participating exchange.Participating exchanges (we’ll update this list as exchanges contact us): If your bitcoins are located on any of the above exchanges there is no action for you to take.

They will handle the process of automatically crediting your account with the appropriate amount of lumens.If your exchange is not on the above list then you must either ask them to participate or move your bitcoins elsewhere to claim.Before June 27: If you’re an exchange or other business that holds a pool of bitcoins for customers, email from your business email.Include your hot wallet Bitcoin address, and we’ll ensure that the lumens given to that address are sent only to you.After you receive lumens, we encourage you to give them to each of your customers proportionately.Email with questions or to discuss options.In addition to distributing lumens to bitcoin holders, we have also reserved 1% of the initial lumens (1 billion) to holders of XRP.For XRP, we took a snapshot of the ripple ledger 6,762,000 (a ledger occurring May 22nd 2014).Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time) in their account at that ledger qualifies for the giveaway.Every qualified XRP holder can participate in either one of two ways: On June 27th we will provide a link to the claim page, which will walk you through this simple process: The Stellar network is inspired by Bitcoin—we’ve taken lessons from it and added the ability to tolerate non-rational actors in an environment with low computing power.