SmartestRedstone 56 Posted March 17, 2022 I was curious as to why (or why not) you believe Bitcoin is superior to Ethereum. Ethereum appears to have all of the same features as Bitcoin, but it has one major advantage: smart contracts. While Bitcoin is solely useful as a digital currency, smart contracts are little "programs" that live on the blockchain and may be used to develop genuine services and apps. So, why do you prefer Bitcoin over Ethereum, which appears to be superior? Or perhaps I'm overlooking something that makes Bitcoin superior to Ethereum in some way? Quote Share this post Link to post Share on other sites
FreakNether 7 Posted March 17, 2022 Unlike ethereum, bitcoin's originator is nameless, and bitcoin is completely decentralized. The entire quantity of bitcoin remains at 21 million, whereas the supply of ethereum is being modified as some are burned in transaction fees. If you want a completely decentralized money that isn't controlled by a few people, bitcoin is the way to go; ethereum can't provide this because it is still controlled by a few people. Quote Share this post Link to post Share on other sites
NerdyMobs 7 Posted March 17, 2022 Why? Bitcoin currently has 15.000 nodes distributed throughout the world (source: https://bitnodes.io/), while Ethereum has 6.000 nodes (source: https://www.ethernodes.org/), making both completely decentralized. Quote Share this post Link to post Share on other sites
Friggin 6 Posted March 17, 2022 I'm delighted someone came with good intentions and posed this fantastic question. I hope the responses you receive are satisfactory. To me, it's a matter of personal preference as to what is best. Because of this, newbies approach cryptocurrencies in this manner, attempting to determine their value on a surface level. Is it equipped with "smart contracts"? Is there a difference in terms of utility? Could the addition of this additional feature make a difference? They don't ask themselves, though, what each cryptocurrency's monetary policy is, and to be honest, that's the only thing I consider when evaluating a currency. Even if it is superior in terms of "utility," what do you do with it if one entity has the majority of the coins? What if this entity has a significant impact on the community or the market? It's fairly obvious that I'm participating in a highly hierarchical system in this way, which I strongly oppose. And it is because of this that Bitcoin has such a high value; it has the best monetary policy that humanity has ever seen. I've decided to compare them only on the basis of their monetary policies. In any case, they are two distinct breakthroughs that offer distinct solutions to distinct challenges. The only thing they have in common is that they are both currencies. They must be able to coexist. Quote Share this post Link to post Share on other sites
BiomeBlackCanary 23 Posted March 17, 2022 Why not have both of them if you believe one is superior and the other is superior in the eyes of other investors? But, to be honest, it's because being first to market is crucial, and bitcoin is the gold standard of the crypto market. People are coming into bitcoin because it's stable, not because of its worth, but because bitcoin itself is a stable asset that you'll be guaranteed to have someday if you hold it, I believe I've seen the same topic years before. While Ethereum's quality is good as it is, its fee is one of the deterrents that we have, which has been expressed about bitcoin bitcoin. Quote Share this post Link to post Share on other sites
squishde 12 Posted March 17, 2022 Even while that debate may exist, I don't really look at them in terms of whether one is superior to the other. In terms of investment, I believe they are both superior coins in the space because they have done well overall. This debate will continue, but in the end, it will come down to whether investors can achieve a return on both coins. Quote Share this post Link to post Share on other sites
insidede 18 Posted March 17, 2022 The gas fee has been one of Ethereum's stumbling blocks, and the fact that its founder isn't anonymous makes manipulating the total distribution and market capitalization easier. Bitcoin's creator remains unidentified to this day, despite the fact that it is now mostly utilized as a digital money for all transactions. In comparison to Ethereum, Bitcoin revolves around transactions, making it safer and cheaper to transact. Quote Share this post Link to post Share on other sites
depie 62 Posted March 17, 2022 Both bitcoin and Ethereum are superior to other coins in the crypto market, and they are treated as king and queen. I don't make comparisons between bitcoin and Ethereum since I believe they will take separate paths. Ethereum has smart contracts, which you believe gives it a significant edge, yet bitcoin is superior. Aside from that, Ethereum has a gas fee issue that has yet to be resolved and will require additional time. I favour bitcoin, but I also enjoy Ethereum because both provide me with profit. I do not believe smart contracts will be used in real life anytime soon, as this is dependent on a number of factors, including government rules. Quote Share this post Link to post Share on other sites
kimonode 14 Posted March 17, 2022 You don't need a microscope to see the difference between bitcoin and Ethereum, because bitcoin is the father of all cryptocurrencies, seconded by Ethereum from the start. Bitcoin was created in 2009, and it has remained valuable to this day, and I believe it will remain valuable until the day it is scrabbled out. When comparing bitcoin and Ethereum, the difference or margin is very wide, and the price of bitcoin is not stagnant at this point. Bitcoin is the foundation of cryptocurrency in general, hence in summation, bitcoin has a lot more potential than Ethereum. Quote Share this post Link to post Share on other sites
dehandkerchief 44 Posted March 17, 2022 Ethereum's development is completely centralized, and only a few people have complete influence over its direction. Bitcoin has a large developer community, thus it cannot be hijacked by a single person or a small group of people. Because Ethereum's blockchain is so huge, few home users can afford to maintain a full node, even if Ethereum supporters claim to have a big number of nodes, Ethereum is currently only being run on a few large farms. Full nodes for Bitcoin, on the other hand, can easily be hosted on outdated PCs and laptops, as many people do. Ethereum will become even more centralized as a result of Proof of Stake, as whales will become a key factor on the network. Except that you can't actually produce anything helpful with them. All Ethereum has accomplished is provide fertile ground for many scams such as ICO and NFT. I recall Ethereum promising to bring automation to Ethereum in 2016, allowing things like automatic payment of electricity bills using smart contracts, but none of that materialized. Instead, we got DeFi and NFT, which are useless in the real world. Ethereum is a problem in search of a solution. Bitcoin is a solution to an existing problem: dealing with payment networks requires trust in third parties. The only reason Ethereum is so expensive is that its creators spend a lot of money on marketing and dispelling falsehoods about how beneficial and innovative it is. Quote Share this post Link to post Share on other sites
Aralto 12 Posted March 17, 2022 At times, I agree that Ethereum's design is superior to Bitcoin's. But what distinguishes Bitcoin from the other cryptocurrencies? I believe it is due to it being the market leader, yet you could argue that Ethereum was one of the first altcoins and is now the most popular. However, Bitcoin's dominance is such that the term "crypto" has become synonymous with it. Noobs, on the other hand, favor Bitcoin since that's what they've heard on the internet. That is also why we have the term "Bitcoin maximalist." Quote Share this post Link to post Share on other sites
