Ethereum is doing amazing job. But we all know who is knocking at the doors. EOS is it's new competitor and and I expect to see the clash of cryptos between these two next year. :)
I believe Ether is doing it right. They have a great technology, a great team, a great community and they are being widely adopted. Adoption is very important. That's why I think it would be a mistake to compare to currencies based on their technology only, and that's why I believe that there is a huge distance between Ether and EOS. Real World Adoption is key in giving long term value to a cryptocurrency. There are many currencies with better technology and features than Bitcoin, but Bitcoin is widely adopted, and that is why it is still the king of cryptos.
My point is Ether is picking wide adoption really fast. Therefore, I think it will soon be wearing the crypto crown, and that is why I have invested a lot in Ether.
Agreed, though still too early to bring in EOS for comparison as hasn't even launched yet. Time will tell how it gets adopted - though there are telltale signs of strength that it may effectively serve the ethereum community as synergistic rather than a competitor...
I think Etherium isin for the long run, just like Bitcoin, Monero and Steem. These are the coins where i put my money on, as they all have something special, which makes them stand out from the rest.
I agree with you 100%. At some pint you have to think that the county that moves first has "first mover advantage for it's people" since they would then be moving early and get in early. I can see other countries doing this ahead of the US ...which is trying to hold on to the past
ETH and its blockchain is the future of corporations. With the amount of money that can possibly flow through the ecosystem can be greater than what BTC can ever dream of.
We know that our central banks have been discussing moving to blockchain for a year. But what is really the question, because a blockchain enables real-time visibility into how credit is being created, the assets in circulation and their location, and how far they’ve been lent out; in short, it could help policy makers prevent another crisis. That's what is most relevant. It is also most likely, then, that these central banks will have to create their own blockchains to support this. I doubt that Ethereum could truly support a global financial market, simply because of its fundamental design. Tracking complex financial instruments will require a sophisticated and specific blockchain to do that.
The question then becomes, we have a set of laws that allow institutional investors to report between 2 and 5 months after a trade was made, but blockchain has the power to make these trades transparent. This will simultaneously reduce these banks' ability to rig Treasury auctions (ahem Goldman, who conveniently also dropped out of Ripple), but it will also mean that investors will have an unusual access to current trades being made on the market. There is a level of opaqueness that governs markets right now and it will be daunting to see that transparency pierce through the barriers between retail and institutional investors. The disruption of dark pools will drastically change the game
Ethereum is doing amazing job. But we all know who is knocking at the doors. EOS is it's new competitor and and I expect to see the clash of cryptos between these two next year. :)
It is another platform with different trade offs compared to Ethereum. I don't expect too much of a "clash" personally.
I agree, but neither of these cryptos will "lose". This isn't the same as the last altcoin boom.
I don't say someone will lose. But they will be battling like David and Goliath. Winners are investors.
Great article! Upvoted, Resteemed and followed.
I believe Ether is doing it right. They have a great technology, a great team, a great community and they are being widely adopted.
Adoption is very important. That's why I think it would be a mistake to compare to currencies based on their technology only, and that's why I believe that there is a huge distance between Ether and EOS.
Real World Adoption is key in giving long term value to a cryptocurrency. There are many currencies with better technology and features than Bitcoin, but Bitcoin is widely adopted, and that is why it is still the king of cryptos.
My point is Ether is picking wide adoption really fast. Therefore, I think it will soon be wearing the crypto crown, and that is why I have invested a lot in Ether.
Agreed, though still too early to bring in EOS for comparison as hasn't even launched yet. Time will tell how it gets adopted - though there are telltale signs of strength that it may effectively serve the ethereum community as synergistic rather than a competitor...
Very well said.
I think Etherium isin for the long run, just like Bitcoin, Monero and Steem. These are the coins where i put my money on, as they all have something special, which makes them stand out from the rest.
Different coins solve different problems :-)
I agree with you 100%. At some pint you have to think that the county that moves first has "first mover advantage for it's people" since they would then be moving early and get in early. I can see other countries doing this ahead of the US ...which is trying to hold on to the past
ETH and its blockchain is the future of corporations. With the amount of money that can possibly flow through the ecosystem can be greater than what BTC can ever dream of.
It is exciting time ahead for all cryptos.
wow makes me feel even more safer buy ethereum. thank you for this info, I had no idea about Singapore
This is it. The miracle. The old monetary system is dying. It's over. From the ashes.... Thanks for keeping everyone posted.
When Governments embrace blockchain Crypto-anarchists wont be happy :/.
We know that our central banks have been discussing moving to blockchain for a year. But what is really the question, because a blockchain enables real-time visibility into how credit is being created, the assets in circulation and their location, and how far they’ve been lent out; in short, it could help policy makers prevent another crisis. That's what is most relevant. It is also most likely, then, that these central banks will have to create their own blockchains to support this. I doubt that Ethereum could truly support a global financial market, simply because of its fundamental design. Tracking complex financial instruments will require a sophisticated and specific blockchain to do that.
The question then becomes, we have a set of laws that allow institutional investors to report between 2 and 5 months after a trade was made, but blockchain has the power to make these trades transparent. This will simultaneously reduce these banks' ability to rig Treasury auctions (ahem Goldman, who conveniently also dropped out of Ripple), but it will also mean that investors will have an unusual access to current trades being made on the market. There is a level of opaqueness that governs markets right now and it will be daunting to see that transparency pierce through the barriers between retail and institutional investors. The disruption of dark pools will drastically change the game
EXCELLENT contribution to the discussion. :-)