<story><title>Why Ethereum is outpacing Bitcoin</title><url>https://venturebeat.com/2017/06/11/why-ethereum-is-outpacing-bitcoin/</url></story><parent_chain></parent_chain><comment><author>Animats</author><text>This is an ad. &lt;i&gt;&amp;quot;Jack du Rose is a cofounder of Colony, an Ethereum-based operating system for open organizations.&amp;quot;&lt;/i&gt;&lt;p&gt;Whatever that is. (It seems to be a scheme for monetizing StackOverflow rankings.[1] Or something like that. If it even exists. The web site is all pretty pictures with no content.)&lt;p&gt;Most altcoins crash after a while. See Coin Market Cap.[2]&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;colony.io&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;colony.io&amp;#x2F;&lt;/a&gt;
[2] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;coinmarketcap.com&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;coinmarketcap.com&amp;#x2F;&lt;/a&gt;</text></comment>
<story><title>Why Ethereum is outpacing Bitcoin</title><url>https://venturebeat.com/2017/06/11/why-ethereum-is-outpacing-bitcoin/</url></story><parent_chain></parent_chain><comment><author>root_axis</author><text>&amp;gt; &lt;i&gt;As a “hard fork” looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker&lt;/i&gt;&lt;p&gt;This already happened to eth when the creators hard forked the chain in an effort to roll back operations of an eth application that was used in a way that the creators did not anticipate. If this didn&amp;#x27;t kill ethereum why would it be a problem for bitcoin? Fortunately for bitcoin, there isn&amp;#x27;t a highly influential and transparently self-interested creator lording over the project.&lt;p&gt;&amp;gt; &lt;i&gt;Bitcoin transactions can take anywhere from tens of minutes to several hours, depending on how busy the network is.&lt;/i&gt;&lt;p&gt;An unsolved growth problem for the reining incumbent that remains unsolved by ethereum. Transactions take a long time because decentralized proof of work verification is slow. A lot of people will say &amp;quot;proof of stake is coming!!!&amp;quot; but it&amp;#x27;s essentially vaporware and all signs point to the conclusion that it will remain that way for the foreseeable future. Yeah, people are working on it, like all vaporware.&lt;p&gt;&amp;gt; &lt;i&gt;Ethereum is actually a platform for new kinds of decentralized (often financial) applications (dApps) that run on a peer-to-peer network of computers&lt;/i&gt;&lt;p&gt;Except this isn&amp;#x27;t actually happening in practice. I am yet to see any &amp;quot;new kinds of decentralized applications&amp;quot;, just toy applications that have no practical purpose besides internet roulette&lt;p&gt;&amp;gt; &lt;i&gt;TL;DR: Bitcoin’s dominance is slipping because its utility is limited and weakening versus other more recently developed, less politicized cryptocurrencies. &lt;/i&gt;&lt;p&gt;Bitcoin&amp;#x27;s dominance is not slipping because it&amp;#x27;s utility was marginal to begin with and eth certainly doesn&amp;#x27;t offer much in the way of compelling improvements over bitcoin.</text></comment>