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Maybe if you actually used it you'd see the benefits of it... try transferring any amount of value with Bitcoin.. take note of how much it costs and how long it
by jesusthatsgreat 9y ago
Maybe if you actually used it you'd see the benefits of it... try transferring any amount of value with Bitcoin.. take note of how much it costs and how long it takes. Then do the same with Ethereum. You'll start to learn pretty quickly what some of the main differences are.
Regarding the 'fixed amount of Bitcoins' argument, I'd agree it's a nice simple marketing message but if you look in to what Ethereum is planning to do, issuance could well go to close to zero, zero or even below zero once proof of stake is introduced: https://twitter.com/VitalikButerin/status/879858608091144193 https://twitter.com/VitalikButerin/status/879858608091144193
- VMG 9y ago> Then do the same with Ethereum. As long as you only ask him to do it, it will be fine. What if everybody using bitcoin did it though?
- DennisP 9y agoAs of a couple months ago, Ethereum was averaging 50% of Bitcoin's transaction volume[1]. On June 11, Ethereum did more transactions than Bitcoin[2]. It managed this even though many of Ethereum's transactions are much more complex than Bitcoin's simple value transfers. According to the devs, the current version will top out around 10 to 12 tx/sec; Bitcoin has been stuck at 3. So I think it's safe to say that Ethereum could easily absorb Bitcoin's transaction volume, even without Ethereum's planned scalability upgrades. [1] http://www.trustnodes.com/2017/05/17/ethereum-reaches-50-bitcoins-transaction-volumes http://www.trustnodes.com/2017/05/17/ethereum-reaches-50-bit... [2] http://cryptoeconomy.info/2017/06/12/day-ethereum-processed-transactions-per-day-bitcoin/ http://cryptoeconomy.info/2017/06/12/day-ethereum-processed-...
- Keeeeeeeks 9y agoAt this point, people could convert from btc and use any random shitcoin for value transfer, then convert back to USD