Quote from: Akbarkoe on Today at 12:04:29 AM

Quote from: Coyster on October 06, 2024, 10:47:32 PM

Quote from: Iamcrypticguy on October 01, 2024, 01:15:04 PM

I'm starting to believe that Ethereum could eventually surpass Bitcoin as the top cryptocurrency, especially given its strong ecosystem and the recent reduction in gas fees(Is this a rumour).

This is something we have been hearing for quite a long time now, some people touted Ethereum to be bitcoin killer, after all these years it should be glaring that it is definitely not possible. You might consider Ethereums ecosystem to be strong, i consider it to be centralized, more than ever after they switched from POW to POS. There is currently no competition between bitcoin and ethereum, but rather it is between ethereum and a few other altcoins.

There will never be anything that surpasses bitcoin which is by definition decentralized, centralized coins are easy to be discriminated against by governments and that is very dangerous, although the Ethereum ecosystem is very broad at the moment, it is not a guarantee that ethereum will surpass bitcoin, both people now prefer Solana to Ethereum, so the obvious conclusion is that Ethereum will never surpass bitcoin until whenever, especially since the Bitcoin ecosystem is currently under development, although it is quite annoying because it makes the network congested but maybe people will continue to build their projects on bitcoin relying on ordinals.

In regarding about the possibilities then i wont really be that closing up my mind on trying out to believe that Bitcoin would really be surpassed into its current position now in the market. We do know that this market is highly speculative and there's no way that we could make out some conclusions that BTC is something that cant be overtaken by something. As we do look around then it cant be denied that there are tons of projects or coins out there that surpasses out Bitcoin when it comes to its features or whatever quality it do have but in overall the community would really be the one that mandates or dictates on how this market would really be.
If Bitcoin had already do things without any issues in terms of payment utility or making those transactions in p2p then it should really be enough.

As for ETH to surpass BTC then there's no way that we could be able to cross out that kind of possibility as this coin/project is really that sitting next to it but of course it will really be that hard to believe
that this could happen considering that the entire community doesnt really like specially on high transaction fees on which this is mainly the complain of people when dealing up with erc20 on which
gas is really that too high. Bitcoin is much more lesser as we do observed, there might be some spike on fees on some time but it doesnt happen all the time.