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By now you've undoubtedly heard of the battle between Bitcoin and Ethereum. Which will win, will it be a knock out or a victory by decision? Who will have the higher market cap come Jan. 1 2018? Which is the better long term investment?
At the risk of being anti-climatic, I think both win in the end. Let me explain...
Leave your comments and your thoughts. Tell me what you think. Follow and I'll follow back. I'll post my take after the conversation has started. Cheers
Congratulations @bitcoinsachs99!
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check out my latest article too! ho man!
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Excellent post dear friend @ bitcoinsachs99 very interesting, I am not an expert in criptomonedas, but I visit many post a day of information of them, many think that it will be the ether who won the battle, I also have a lot of faith to that currency
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Ether's ability to support turing complete programming will prevail over bitcoin in the long run. We currently don't see many applications running on the blockchain yet but give it a few years when developers start building onto the existing stack and Ether will actually become useful.
Largely cryptos until this point have just been a storage of wealth and had little to no real use cases
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Being able to send value anywhere in the world without an intermediary isn't a "real use case"? Bitcoin has only become a legitimate store of value somewhat recently as it's become more stable in price (although it's still quite volatile for a store of value).
Sure, blockchain technology can be used for more than just digital cash, but there's a good argument for digital cash still being the BEST use case. Once Bitcoin can stabilize in price enough to be trusted by more businesses as a legitimate currency (that the money they accept from customers today won't be worth less tomorrow), and solve some of it's scaling issues, it will have realized Satoshi's original vision. I don't think this scenario is too far off.
Ethereum realizing it's dream of being the foundation of Web 3.0, however, seems further off. It's an amazing vision, and I think we'll get there eventually, but given that right now the majority of transactions happening on the Ethereum blockchain are related to ICOs, and the fact that many of those ICOs are for applications that gain little to no advantage over their centralized competitors by being decentralized, we're still a long way from achieving it. I think Web 3.0 has bigger roadblocks than Bitcoin revolutionizing how we think of currency.
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check out my latest article! i think you'll get a kick out of it lol
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Bitcoin is for making payments and store of wealth, ETH offers contracts and solutions. Can not really compare both.
Bitcoin is still very popular but with increasing fees and slow transactions and the possibility of a hard fork looming I use Dash or Litecoin for transactions whenever possible.
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Each crypto has its own unique properties, so both represent strong investment potential. I agree with the premise that ETH's market cap will exceed Bitcoins before 12/31/17. Functioning as the foundation for numerous new programs and cryptos, ETH will be viewed as the "cool new up and coming crypto" on networks likes MSNBC and get pumped. Although Bitcoin will lose market share to ETH and other cryptos, it may very well remain the basis for which all others are valued...similar to the gold standard. Because of this, my take is: you're poised for a win win if you HOLD both for the long term if you can manage.
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