Hello guys, Nex here from PlainBroadcast! Today I bring you some of my thoughts to be discussed!
As most of you may know, Bitcoin recently has soared to new heights, only to fall back again - from 2,976.7215 USD to a plunging $ 2,635.1083 USD.
Bitcoin has taken - from my understanding - a hitchhike on the hype train over cryptocurrency and more specifically Ethereum.
Whilst some of you more experienced crypto enthusiasts may remember Ethereum's fork - Where hackers plans were thwarted by Vitalik Buterin (https://www.buzzfeed.com/josephbernstein/you-just-stole-50-million-in-cryptocurrency-now-how-the-hell?utm_term=.xtXW34KjN#.hm1NJ0qVy) and crew - some of us, the newcomers are only catching up on the train.!
I've just begun discovering the tip of the Iceberg - and the more I read, the more something becomes quite apparent.
Ethereum WILL surpass Bitcoin given enough time. Why?
Simply because the Ethereum fellas did something that is worth mentioning - they learned from Bitcoin instead of trying to copy it - Kind of like when you see where something could be improved rather than outright mimicking something and calling it a different name - I'm looking at you Macdonalds.
This- from my point of view - is what will prompt Ethereum to be the number one used cryptocurrency in a near, near future.
I'm not sure if any of you have had experience in creating companies or dealing with business in an "entrepreneurial" way - but growth more often than not means pain and headaches.
The Ethereum team have developed such a system and community through their effort - and from learning from others -that people are getting hyped for a real reason - imagine you could actually help build one of the most decentralised but still very organised and transparent looking system?
I'm not knowledgeable enough to know about the most interesting part of Ethereum - The smart contracts and applications built on it - but it is my belief that the more some of us mine, the more others create smart contracts or applications to be used on the Ethereum system, the best this system will work not only as a crypto coin but as a self-regulating eco-system itself.
So please tell me if my reasoning is wrong and where I failed with logic since I'm eager to learn and understand as much as I can!