Bitcoin is dying Ethereum will overtake bitcoin in 2017 after the dao invests over $100 million in expanding the...

Bitcoin is dying Ethereum will overtake bitcoin in 2017 after the dao invests over $100 million in expanding the utility of the ethereum blockchain.

Bitcoin owners are headless chickens while ethereum users invest in the future.

Discuss:

If the world was full of intelligent people with sense, you would be right.

Unfortunately we live in a world where one of two morons are going to become president of the USA, purely because people are not intelligent at all.

Mainstream adoption is whats going to drive success in cryptocurrencies, and the average person has the intelligence of an ant.

BTC is a simple concept, and people are somewhat familiar with it. ETH is far more confusing, and most people have never heard of it.

BTC has already won.

When the economy comes crumbling down, you can bet normal people will be moving some of their savings into BTC, not ETH.

BTC has already failed. Where is the adoption lol? +Core vs Classic

>eople are somewhat senpai
eth is not for keeping money ...

But BTC doesnt have mainstream adoption even after 7 years. That's a dinosaur in tech terms. To put it in perspective, Paypal had more users in its first year than bitcoin ever had in entirety. I'm not arguing that Eth is any better. It's just a lesser known shitcoin with a silly name.

Bitcoin is something people don't see the need for yet. It's still extremely young. You cannot expect a major change to happen in a blink. 7 years is nothing.

Wait for the 2016 financial crash, where there's bail-in's and banks start legally stealing peoples deposits. This will likely light a fire under a lot of people, and they may start to see the value in a decentralized currency.

BTC only failed if you had unrealistic expectations of it.

I'm long both, but for different reasons.

Superman comics, baseball cards, classic cars and even fucking pogs were absolutely amazing investments, because people had emotion attached to them in their youth. I can't think of anything with a limited supply that has as much emotion attached to it by today's youth as bitcoin.

Ethereum is the first non-fiat currency to be produced since the US went off the gold standard; it's a currency backed by computing power. Supply and demand for computing power will both increase over time, so I expect ethereum will have more of a steady rise. But since Amazon, Microsoft or Google can just shift their server farms to mining it if it gets too juicy, I doubt there will ever be an extended imbalance between supply and demand for Ethereum. Still, since computing power is a real and important commodity and the people working with it all have really impressive resumes, I expect it to be the sensible standard when the US dollar finally blows up. Ain't nobody gonna switch to Renmenbi or Rupees when that happens, Gas will be where it's at.

I'm not holding my breath.

Actually, I completely agree that Ethereum investors are investing in the future, I just also think there's a lot of upside to investing in the past.

>2016 financial crash
I'd wait for the 2017 financial crash myself, the stock market tends to tank hard in the year of the rooster.