Community Discussion - If BTC gets Smart Contracts WIll ETH die ?
Lets try something different.
I will upvote all cool replies to this post.
Lets say BItcoin finally gets RSK - smart contracts.
ETH has em already and its main reason why its so high and used so much.
What do you think will BTC kill ETH then or people will still use ETH ?
By Kill i don't mean ETH will stop existing, i just mean if its gonna lose its portion of marketcap as it wont be needed as much.
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BTC is too expensive and takes long time to transfer (not to mention transaction fee). ETH should be a good alternative.
RSK is a Bitcoin sidechain. RSK is much more scalable than Eth:
https://steemit.com/bitcoin/@sames/understanding-rsk-bitcoin-s-smart-contract-platform
ETH has first mover on all the ICO tokens, so even if they can't get sharding etc working, they will still be relevant and ahead of BTC on that front.
BTC has already got Tether....but what has that done for them?
I have been hearing about Root Stock and Lightening since early 2015.
In fact, it kept me from buying ETH ICO. I made the mistake like many are doing today thinking Bitcoin would do it all but it has not.
This stuff is nothing more than vaporware but if it does finally launch it will take long time to catch up with ETH smart contracts.
ETH has issues scaling but I believe they will solve it with Casper release & sharding into late 2019 & 2020.
Coins w/ DPOS like EOS & STEEM seem much better for high speed dapps.
Where ETH is becoming backbone of decentralized finance.
Posted using Partiko iOS
EOS can kill ETH yes
It not vaporware(it out now), but agree on the fact like other platforms Eth got the first mover advantage hence getting hold of it would take a long time.
RSK pretty scalable actually:
https://steemit.com/bitcoin/@sames/understanding-rsk-bitcoin-s-smart-contract-platform
Only time can tell who comes out on top...
If rsk works as good as lightning it wont kill it.
Posted using Partiko Android
hahaha :)
Dogecoin will kill them all .
I hope so :/
DOGE FTW :)
No. Easier to mine.
Posted using Partiko Android
The answer is yes... but the path is not straight forward.
Blockchain is a world-wide, slow ass, ledger.
Ethereum is a world-wide consensus computer, but if it doesn't store something, all the computation in the world is useless. So, it ends up being a ledger.
Although we can think of millions of applications for smart contracts, they really boil down to only a few.
So, it will come to pass, that all coins/tokens will have all the standard smart contracts (just like every programming language has printf).
And all the chains will have automic swaps.
After that, ethereum will become nothing more than a test platform and will be forgotten just like Forth and Fortran.
Holy shit man, I just wrote about it lol
https://steemit.com/bitcoin/@sames/understanding-rsk-bitcoin-s-smart-contract-platform
haha nice!
It won't destroy ETH but most certainly it will widen the gap and ensure its market superiority. Bitcoin is grandpa trying to be hip with the younger competition.. Ethereum won't die, but Bitcoin should feel threatened by younger coins.
this grandpa never dies ;)
There is a distinct dev-user relation when it comes to ETH and BTC. There's alot a stress put on the ETC devs by the users for more flashy cool stuff while BTC dev is asked to take things slow.
IMO if RSK really does get implemented it will still have a good year before there's even apps built on it. ETH should be fine in the meanwhile.
I don't think ETH would die so soon. Depending if the big projects stay or move to Bitcoin, we might see ETH and Bitcoin side by side.
Let's hope Bitcoin doesnt gets bricked when "BitcoinKitties" come out.
EDIT: RSK is out
Cough RSK already out :P
Oh and it much much more scalable than ETH.
https://steemit.com/bitcoin/@sames/understanding-rsk-bitcoin-s-smart-contract-platform
Thanks for pointing out!
But my opinion still stands though.. Devs aren't gonna come up with apps in a blink of an eye.. It'll still take some time.
Agreed look at EOS,Tron,Neo and others. RSK does have one extra card in its deck though-the brand name and security of Bitcoin behind it. But yeah fully agree with your point :)