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Bitcoin Communications The Almighty Buck The Internet Technology

Ethereum Could Be Worth More Than Bitcoin Very Soon (inc.com) 84

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.
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Ethereum Could Be Worth More Than Bitcoin Very Soon

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  • Ether Holder Here (Score:5, Insightful)

    by WoodburyMan ( 1288090 ) on Monday May 22, 2017 @05:04PM (#54466217)

    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.

  • by ffkom ( 3519199 ) on Monday May 22, 2017 @05:12PM (#54466267)
    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.
    • Hard forks are a normal part of crypto-currency development. It's very difficult (or arguably impossible) to predict what the optimal crypto-protocol, or fork would be. The ideal of "code as contract" is still a ways off despite what the over-enthusiastic etherium developers are saying.
  • 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?

    • Betteridge proposed that any headline ending in a question mark could be answered with "No"

      I would hereby like to propose that any headline of the form "X could be Y by Z" can be answered with "So could my butt"

  • Kloog will administer correction.
  • burp
  • by Chris Mattern ( 191822 ) on Monday May 22, 2017 @07:30PM (#54466981)

    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.
    • by Jeremi ( 14640 )

      Its value is hard to understate if you look past cryptocurrency.

      I'm not sure that came out quite the way you intended :)

  • by endoboy ( 560088 ) on Monday May 22, 2017 @08:52PM (#54467387)

    1) blatantly self promoting slashdot "article"
    2) magic....
    3) profit!

  • News: Unicorn farts will soon be more valuable than fairy piss! Film at 11!

    • News: Unicorn farts will soon be more valuable than fairy piss! Film at 11!

      No it won't... Fairy piss turns to fair dust as it evaporates. Fairy dust is useful for flying. Unicorn farts are like helium, no matter what container you put it in some will leak out losing value over time... (grin)

      • by Chas ( 5144 )

        I find your insights interesting and wish to subscribe to your periodical...

    • by MFriis ( 4445501 )

      I don't have a stake in any cryptocurrency, probably for most of the same reasons you don't.

      But honestly, isn't what makes a currency trustable that it's backed by something of value which has something to lose should it fail? It's not gold anymore but rather the trustworthyness of the country and the corporations within. Dollars are hardly even on print anymore, most of it being digital.

      So if a cryptocurrency is backed by big corporations who actually have something to lose should it fail, how is it diffe

  • ... the people trying to hype up a new "currency" so they offload their mined coins on a bunch of gullible saps.
  • The company behind it has proven it's willing to rollback any "illegitimate" transaction. It's like BitCoin but with a centralized bank.

  • Take the risk if you like, but these are just pump and dump schemes and Slashdot should know better.
  • Pay us $29.99 a month for Online Block Training. That's right! Pay us in USD and not even our own currency we want you to use!

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