"Counterparty announced that its developers have successfully ported the Ethereum Projects programming language over to the Counterparty platform, enabling users to save and execute Turing Complete Ethereum code on the Bitcoin blockchain. With this new development, Counterparty makes it possible to execute Ethereum smart contracts on the more secure Bitcoin blockchain."
How will this affect Ethereum? Will the Counterparty-Ethereum platform be slow? Can it be scalable? Anyone have any thoughts?
https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/That simply means that the people that bought ether have thrown away their money.
Now ethereum can work on top of counterparty and tomorrow, if ethereum still exists and useful, will be implemented as a two way pegged bitcoin sidechain.