/biz/ - Business & Finance

Bye bye bitcoin.

>>1259368
Ethereum will overtake bitcoins market cap soon. It has to happen. It's a better cryptocurrency.

Stop denying reality, vitalik is a genius and Ethereum is a better cryptocurrency than bitcoin.

Just buy it

At this point, Bitcoin has been, as businesspeople often say, overcome by events (OBE). Only an unprecedented step will save bitcoin from losing its place as the #1 coin. Consensus conferences, further negotiation, and Bitcoin Classic no longer have enough time to succeed. Those who see value in saving bitcoin need to release a client that will hard fork the chain on the day of the halving to support 2MB blocks, using merge mining, regardless of consensus. This is the only way to give owners of bitcoin a say. Force miners to make a choice of forfeiting revenue by not merge-mining the new chain, and force exchanges to give up revenue by not trading the new chain. Some miners will mine or merge-mine the new chain, and some exchanges will trade it, and the question of whether normal bitcoin holders support larger blocksizes will be answered once and for all by the markets. A final decision on the issue needs to be forced, now, if bitcoin users want to save their network. If the chaos causes both forks to crash to equal value, that indicates that the deadlock is so entrenched that a fresh start with Ethereum was inevitable anyway. Myself, I'm not convinced that effort should be spent on this because it implies that bitcoin is worth saving despite Ethereum already being better in most ways. There aren't yet enough critical services running on bitcoin, and talent like Andresen and Garzik who think that cryptocurrency has to grow soon could instead be spent further improving Ethereum.