ethereum will surpass bitcoin

{{ answer.price | number:2 }} {{ answer.portfolio.win | number:2 }} {{ answer.invested | number:2 }} {{ "Cancel" | translate}} **Handelslimit für diese Frage**Credits **Investiert **Bewertung **Gewinn/Verlust (%) Now please select the likeliest answer and invest.1,000 credits say "Maybe" 5,000 is "Probably" 10,000 signal "I am certain".§ Judgement rule How will the final result of the question be determined?Reference date Accept Quick check tool: Roland Kofler's Ethereum/Bitcoin Price Flipper First answer elimination ETH broke through the 0.089 mBTC barrier on 31 May 2017, eliminating the answer option: "No, <50%".ETHEREUM Ethereum is a Smart Contract platform running with a crypto currency named Ether.It features unstoppable programs that are tamper-proof: "Smart Contracts".Ether became second crypto currency in market cap in March 2016, with the release of "Homestead" the Beta version of the Platform.
Market cap peaked on June 16th when it reached 1,676,000 USD After a series of hacks and attacks, the value shrank to 800,000 USD With the Devcon2 conference the Ethereum technology showed its strong position in Fortune 500 companies as well as in a big ecosystem of startups betting on the platform.2017 will be uncertain with the move from Proof of Work to Proof of Stake Consensus algorithms expected mid-year.BITCOIN Bitcoin is the leading crypto currency and the first example of a distributed consensus ledger technology called blockchain.2016 was a strong year for Bitcoin.After two years of stagnation it market cap rose to 12MM USD in November, mastering such events of uncertainty as the miner's reward halving in June 2016 and despite ongoing division of the community over the block size parameter.The fierce debate about this problem will make 2017 again a time of uncertainty.An initiative to do a blockchain fork (comparable to a secession in politics) could remove substantial marketcap from the main chain.
If the debate is solved in consensus, though, new technologies like the lightning network and segwith could lead to a new boom for Bitcoin.May 23, 2017 10:13 AM EDT Bitcoin is an experimental digital currency used over the Internet that is gaining in popularity worldwide.(Photo: George Frey/Getty Images) With the recent announcement that big league companies have joined the Enterprise Ethereum Alliance, many financial and tech experts are predicting that the platform and its currency will be bigger than Bitcoin in no time.Ethereum is an open-source, public, blockchain-based platform that hosts any type of smart contract or a crowdfunding campaign.To make the description much clearer, Ethereum is like the Bitcoin when it comes to computing and programming.Proposed by Vitalik Buterin in 2013, Ethereum's goal is to create a decentralized Internet, a goal that it is slowly achieving.Experts are predicting that it could revolutionize, even replace, the technology that is in existence now.
In fact, Ethereum has his own cryptocurrency called 'ether' and it is increasing in value. indicated that Ethereum's market cap is more than $17 billion in contrast with Bitcoin's $34 billion.Moreover, the ether value against the US dollar is 1ETH: 180.69USD.Although Bitcoin is still the world's most valuable cryptocurrency, Ethereum is catching up because it has some advanced features and promises to add more.bitcoin conf miamiBig companies also see its potential so they are all flocking in to seize the opportunity.bitcoin vodkaThis was evident as a just a day ago, big companies like Samsung, Toyota, Merck, and Broadridge joined the Enterprise Ethereum Alliance along with 80 other companies.armory bitcoin linuxThis move suddenly tripled the size of Ethereum and its reach extending wider to different industries.titan z bitcoin
This growth can be considered phenomenal since two months ago, Ethereum only has 30 members.Within that course of time, banking giants Santander and JP Morgan also aligned themselves with Ethereum.Andrew Keyes, head of global business development ConsenSys which is an EEA co-founding member, said that Ethereum will disrupt a lot of industries as they learn from each other.He also predicted that banks will become software companies and multi-sided, even n-sided, companies will begin to mushroom as a result of cross-industry integration.bitcoin london ontarioEth has been partying recently.bitcoin asic scamsThe currency has increased daily, reaching a new all-time high of almost $60, before seemingly stabilizing at around $40.Its market cap is now around $4 billion and its trading volumes are nearing bitcoin’s.Bitcoin’s dominance, on the other hand, has reached a new all-time low, nearing 70%.
Its price has fallen by around $200 in the past two days, with the in-fighting regarding capacity seemingly reaching a culmination point.The contrast couldn’t be greater.On the one hand, one community is torn apart, fully consumed with discussions of just one parameter.On the other hand, a united, happy and peaceful community talks of a flippening – a point when eth’s market cap overtakes bitcoin’s.There appears to be two catalysts with a seemingly third added yesterday.SEC’s rejection of the bitcoin ETF initiated a slow increase in eth.After a Bitcoin Core developer tweeted a security vulnerability in Bitcoin Unlimited while it was being fixed, sending BU nodes down crashing temporarily, eth’s increase accelerated considerably.A third factor, which seems to have affected bitcoin’s price, but seemingly not eth’s, is the announcement of some bitcoin exchanges yesterday that they will not follow the longest chain, but will list Bitcoin Core as BTC regardless of the hashrate or, presumably, regardless of the price.
They further stated that if Bitcoin Unlimited is listed, it will be listed as BTU.Some exchanges came out to say they had signed a different version or there had been some misunderstanding, but price dived.Bitcoin’s price lost around $100 yesterday as further in-fighting ensued, with both of bitcoin’s public spaces talking of little else but BU v BC.Investors, however, are seemingly indicating they want nothing to do with it while the price reaction suggests they strongly disapprove.This constant back and forth appears to have incentivized many towards alternatives with eth the preferred destination because of smart contracts as well as its strong and capable development team.Their trading sub now has almost as many users online as bitcoin’s main sub.A very surprising statistic that may indicate a shift could be happening.Their daily price discussions now expand thousands of comments, including bitcoiners who say they have flipped.The reasons appear numerous, but for flipped bitcoiners it seems to be mainly due to bitcoin’s current difficulties.
The currency is consumed by this never-ending scalability debate, while eth’s communities are a completely different atmosphere.They appear united, overall happy, generally welcoming and very friendly.In eth’s main sub, they talk about new projects, new developments and news such as the recent announcement Jeff Garzik’s start-up has joined Enterprise Ethereum.The former Bitcoin Core developer, who was one of the first to join bitcoin development and has some 20 years experience of working in open source projects, had his commit rights removed from Bitcoin Core without any public discussion.He has not coded for Bitcoin Unlimited.The joining of Enterprise Ethereum by his start-up may indicate he has flipped.Another reason why some bitcoiners have left may be the ever increasing transaction fees and constant delays.Eth’s transactions are as good as free with confirmation times in around 17 seconds and further plans to reduce it to 2-3 seconds.In effect, very much instant.A promise long made by bitcoiners who kept taunting Western Union, but now no longer holds true.
Once bitcoiners visit eth’s community, they learn about smart contracts and all the eth projects, with some who left in March last year never returning, instead becoming loud advocates of ethereum.Bitcoin, on the other hand, has brand awareness, but that can quickly change if it begins losing its network effects while eth gains hodlers.Bitcoin has a limited coin number, but it appears eth coins won’t go much above 100 million either.Eth, however, has a philosophy of political neutrality while some bitcoiners’ attitudes seem to be more confrontational with strict moderation.An attitude which may have led to SEC’s rejection while eth has gained corporate interest which may lead to a more friendly regulatory environment.Bitcoin is more stable while eth has a very ambitious roadmap which means they are moving fast and they do break things.This is a currency that rose to new heights last March, had some $200 million stolen, with its public forums descending into chaos.They held a holders and miners vote, devs coded the code, nodes upgraded, the community saved its own people, taking the money from the thief and giving it back to eth holder.
Then, they forked again to address a DDos vulnerability, and again, even unintentionally forked.Price reached a bottom of $5 in December, to then start rising slowly.And then start rising quickly.All of this within months.While it took bitcoin two years to recover after its first set-back, and the community has spent two years discussing one parameter, eth addressed the matter in weeks and went on to rise 10x from the bottom in just months.Moving fast and breaking things means the investment is very high risk and should be expected to be lost.The currency is to transition to proof of stake, a considerable upgrade, and then to sharding, an even more considerable upgrade.It probably won’t do so very smoothly, things will probably break and be fixed.After sharding, however, the currency can be set in stone and may be ready for mom and daddy.Some bitcoiners probably won’t leave.The scalability debate has long shifted from being technical to turning into two parties and there are many comparisons that can be made with the Trump v Hillary election.
R/politics, for example, turned from a neutral sub to a censored sub in support of Hillary.R/bitcoin, likewise, turned from a neutral sub into a censored sub in support of Bitcoin Core.Trump spoke of an out of touch establishment and elites.Bitcoin Unlimited is a grassroots client, taken off the ground by ordinary bitcoiners, for bitcoiners, without any “famous” developers or corporate backing.Once it was all running and operational, it then attracted donations and funds from bitcoin businesses.The election, however, took less than two years and bitcoin is different from a nation state, although there was talk of California seceding.Moreover, it isn’t clear how exactly it can be decided who should have the brand name in bitcoin.The most objective course would be to hold a holders vote through tokens in a neutral manner, and then a miners vote, but the other side can dispute both depending on the results just as some countries dispute the outcome of elections, leading to chaos.That makes the current situation in bitcoin regarding scalability very much an outright mess.
Both sides accuse the other of attacking, both sides believe the other is trying to hijack bitcoin, “leaders” on both sides are smeared by the other.Some, therefore, have become entrenched.It’s no more about scalability, it’s no more about science, it’s no more about technical matters.It’s about a strong belief by both sides that their vision must win or bitcoin is done.It should have never gotten to this point, but there are many clear lessons here.Such issues as who gets the brand shouldn’t be up for dispute if we are to avoid chaos.Undisputable means to gauge support need to be designed.The three branches – miners, exchanges, developers, must respect each other’s jurisdiction.Yesterday’s news by exchanges is in effect a constitutional crisis, no different than if the executive refused to uphold a judicial ruling.The executive can, of course, and so can exchanges, but chaos necessarily follows.Some will stand and perhaps even take part in that chaos, some will leave for happier pastures.