There was a time months ago when I thought that Ethereum was the future of crypto. The self-executing blockchain architecture can be incredibly powerful for applications where escrow or change of ownership are involved--without the need for lawyers!
Months later, Im realizing that Vitali is trying to move too fast. The community's obsession with ICOs is tarnishing the image of Ethereum; most people who have heard of ETH only see it as being associated with Ponzi-scheme-like startups. I dont blame them.
China's recent move to ban ICOs should not be taken lightly for Ethereum. Until some of the self-executing features of Ethereum see *real-world* applications (ICOs are not real-world), this crypto is simply trading on optimism (or lack thereof). That being said, movement from Ethereum will cause Bitcoin and, more importantly Litecoin, to reap those outflows.
Bitcoin is a digital safe-haven--the most trust crypto out there--whereas Litecoin is transactional (shorter block time). Being that Ethereum is transactional in nature, I think that Litecoin will see a bigger boost than Bitcoin from those ETH outflows.
Ive owned Ethereum for a while, so I will hold on to it, but Im not planning on buy more anytime soon.
You may be very wrong
1. China ban on ICO is temporary and has nothing to do with ETH technology only stupid money, instead all those Chinese money will go to ETH since ETH is not an ICO. I agree with you ICOs must be regulated that is true, but Chinese banks are trying to regulate all crypto not just ICOs and ETH. They will try and fail since you cant fight the future, maybe postpone it.
2. Real world application in ETH is same as in BTC and more, you can buy your food in the store with ETH same as BTC, Microsoft Azure has ETH implemented. But ETH is not meant for payment it is so much more, and BTC cant be more since its not designed in that way.
3. BTC is technologically so behind BCH that its almost sad it is 8 times slower, and up until this year BCT did not even had a clear road map as explained by one of the developers of BTC. It was stuck, ripped between communities. Not it can be free but it need work to be the best same as ETH, and Im happy to see thet BTC will be worked on again.
4. Implementations that come with Metropolis are far more advanced that BTC can ever achieve. BTC has security and again I agree with you it is a safe haven.
5. No one will move from ETH to BTC if ETH is to bring big changes it is simply not profitable.
Dont get me wrong I love BTC it will be a first and it gave us blockchain but you cant slander ETH, lets review this in 4 weaks, and than again on 02.01.2018 after the new year since ill be dunk on the first and see how much gains ETh had in relation to BTC. This is my opinion and it could be wrong
1. China ban on ICO is temporary and has nothing to do with ETH technology only stupid money, instead all those Chinese money will go to ETH since ETH is not an ICO. I agree with you ICOs must be regulated that is true, but Chinese banks are trying to regulate all crypto not just ICOs and ETH. They will try and fail since you cant fight the future, maybe postpone it.
2. Real world application in ETH is same as in BTC and more, you can buy your food in the store with ETH same as BTC, Microsoft Azure has ETH implemented. But ETH is not meant for payment it is so much more, and BTC cant be more since its not designed in that way.
3. BTC is technologically so behind BCH that its almost sad it is 8 times slower, and up until this year BCT did not even had a clear road map as explained by one of the developers of BTC. It was stuck, ripped between communities. Not it can be free but it need work to be the best same as ETH, and Im happy to see thet BTC will be worked on again.
4. Implementations that come with Metropolis are far more advanced that BTC can ever achieve. BTC has security and again I agree with you it is a safe haven.
5. No one will move from ETH to BTC if ETH is to bring big changes it is simply not profitable.
Dont get me wrong I love BTC it will be a first and it gave us blockchain but you cant slander ETH, lets review this in 4 weaks, and than again on 02.01.2018 after the new year since ill be dunk on the first and see how much gains ETh had in relation to BTC. This is my opinion and it could be wrong