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Ethereum Could Be Worth More Than Bitcoin Very Soon (inc.com)
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications, according to Blockgeeks. It is currently the second most valuable cryptocurrency on the planet, but it could overthrow Bitcoin and become the most valuable cryptocurrency in the near future. Inc.com reports: If you aren't familiar, what Bitcoin does for payments, Ethereum does for anything involving programming and computing. While it utilizes its own version of a blockchain, it is functionally different from Bitcoin. For example, on the Ethereum platform you could host a crowdfunding campaign or any type of "smart contract." Ethereum's goal is to make a decentralized internet. And it has a very good shot at becoming "the new internet," literally. It could one day replace a lot of technology and ways that we host and execute code online. As of the time of writing, Ethereum has a market cap of over $17 billion. Bitcoin's market cap is $34 billion. This makes Ether (the name of Ethereum's token) the second most valuable cryptocurrency in the world. And that number jumped up over $3 billion just yesterday. It's making a major climb and has no end in sight, according to many. The Enterprise Ethereum Alliance is what initially spiked major interest (and shot up the price). Just the other day, 86 new companies joined the alliance.
I have been holding Ether since February and have been accumulating other ERC20 tokens (Golem, Gnosis, etc) that also run on the Etherium Blockchain. Back when I read Microsoft, Intel, Bank of America, Wells Fargo, The U.N., and tons of other Fin-Tech companies were getting in, I was intrigued and immediately converted the majority of my Bitcoin holdings over to Ether after dealing with VERY slow transaction times with Bitcoin and being fed up with it and the thread of a Bitcoin hard fork. Never looking back. Instant payment, low fees, backed by MAJOR tech and finance companies.
Bitcoin has only been around for 8 years or so and already the blockchain has grown to about 30GB in size. This very effectively rules it out for anyone who's internet-challenged, making it a currency only for rich people.
Will Ethereum fare any better, or will its blockchain grow even more rapidly?
Then this is sure to be a stinker.
Don't forget Etherium was the group touting "the code is the contract" until the very moment someone outsmarted their code, at which point they suddenly changed their mind.
"Hard forking" whenever someone claims the system was abused does not scale to any reasonable size - a blockchain utilized by millions would require "hard forks" every day.
Everyone knows there's no collusion.
so how is this new dectralised internet going to work if the old Internet that it runs on breaks in a few key spots?
Someone bought Ether then submitted this post.
.... the next internet is only a couple episodes away.
At least real estate was, you know, real. You might have paid too much for that California house, but you could still live in it and grill in the backyard. What happens when we get tired of tracking down ransomware scammers and kidnapping for untraceable ransom comes back into style, so Congress has the NSA poof the cryptocurrency exchanges?
Does anyone even need to ask whether this is worse than ending a statement with a question mark?
1849.
How do contracts get voided due to for example, arbitration or lawsuit settlement?
Kloog will administer correction.
I'm so done w/ slashdot.
On my netbook the top 1/3 of the screen is covered with an ad..
When I think I scrolled it out and click in the page the add is suddenly under my mouse pointer..
Story link one goes to a signup page..
Story link two gives a page with an add covering the subject matter..
burp
There is no XUL, only WebExtensions...
"And that number jumped up over $3 billion just yesterday. It's making a major climb and has no end in sight, according to many."
"No end in sight," eh? It's almost as if I've heard that before... Surely this time it's true, though.
What's keeping Etherium on the up and up?
It certainly isn't real world use of Etherium, since that's non existent.
It's nothing but a bubble caused by pure speculation.
From the first link in the summary:
"What’s the downside of decentralized applications?
Despite bringing a number of benefits, decentralized applications aren’t faultless. Because smart contract code is written by humans, smart contracts are only as good as the people who write them. Code bugs or oversights can lead to unintended adverse actions being taken. If a mistake in the code gets exploited, there is no efficient way in which an attack or exploitation can be stopped other than obtaining a network consensus and re-writing the underlying code. This goes against the essence of the blockchain which is meant to be immutable. Also, any action taken by a central party raises serious questions about the decentralized nature of an application."
I keep my investments in ISK and gil!
This may have a side effect like a cryptocurrency but it misses the point. Ethereum is much much more, it is a blockchain platform to run anything on participating computers anywhere. Some projects include a distributed decentralized VPN, a version of GitHub where you are paid with Ether or other contract scrip, on and on. Its value is hard to understate if you look past cryptocurrency.
Etherbutt pumpy
do the pumpty dance
1) blatantly self promoting slashdot "article"
2) magic....
3) profit!
News: Unicorn farts will soon be more valuable than fairy piss! Film at 11!
Chas - The one, the only.
THANK GOD!!!
... the people trying to hype up a new "currency" so they offload their mined coins on a bunch of gullible saps.
I own ethereumcertify.com and ethereumsql.com so let me know if you're interested ;-)
Maybe if it wasn't an outright scam, Ethereum would be something to look at, but it is a scam. Bitcoin either needs to change with the times or it's going to be overtaken by Litecoin. Many Bitcoin developers are now focusing on Litecoin thanks to the recent addition of SegWit.
The point is that you should be buying litecoins if you want to get on the next ride up to Bitcoin level values.
The company behind it has proven it's willing to rollback any "illegitimate" transaction. It's like BitCoin but with a centralized bank.
Custom electronics and digital signage for your business: www.evcircuits.com
Take the risk if you like, but these are just pump and dump schemes and Slashdot should know better.
12:50 - press return.
The author is the principle writer in a marketing company that is eponymous with the writer. Who then wrote on an open access platform and submitted to slashdot.
Whatever he was paid to write this article had HUGE payoff.
Look at the rest of his writing on Inc - its all paid random crap touting things. This isn't a credible source. if I write an article on why you should buy my penny stock and assert that soon it will be worth more than some established company, are you going to pick that one up too?
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