2 thoughts on “Reasons why Ethereum might be the new Bitcoin

  1. I personally think that ETH will be dealt several crashing blows. It is being used to create a multitude of very bad ICOs. Most cannot be mined and have weak use cases. The troubling thing is several have managed to raise staggering amounts of money for a use case that would struggle to raise 10k on kickstarter. Once these start being exposed as the ‘get rich quick’ schemes they really are it’ll be ETH that takes the blame.

    A much more compelling case can be made for ZCash, who’s price has risen higher than ETH and has so far been relatively immune from the crash days. ZCash makes no bones about being a cryptocurrency, it doesnt try to hide behind a weak use case. Monero is another that could keep growing, Monero also has an infinite supply. However, I don’t think the perfect coin has been released yet. We are in the early days of crypto and if you want to compare it to the internet, we are still at the askarchie stage (archie was the first internet search engine). Soon the new Google of crypto will arrive and we will all kiss our fiat currency goodbye.

    The internet is set to change drastically. As quickly as gvts attempt to stifle its use with draconian laws, coders are busily designing a totally new internet where security is paramount and crypto will be the backbone of this new space. Go and read the use case of MaidSafe where they are designing an entire p2p network that could replace the internet. There will be no space on these new networks for today’s giants. Facebook, Google, Amazon, Ebay etc all belong to yesterday and will die a very sudden death. Just like every new invention first a few adopt it, then a few more and then absolutely without warning everyone adopts it. Shortly thereafter people will refuse to work for fiat currencies because they represent debt and are only produced via debt. Crypto is not debt based and reflects an entirely different world view that currently only a ten year old can grasp.

    1. Good points and agree totally with them, but one thing – if Google et al were to ‘die a sudden death’, what would we be using to replace these services? I can’t see Google going away any time soon.

Leave a Reply

Your email address will not be published.