"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/It won´t have any effect. People will realise that smart contracts with 10 minute blocktime is pointless. Even 1 minute is way to long. Vitalik posted that they aiming 2-3 seconds. Counterparty panic buys will have a hard time when this gets clear. This is just a marketing gag.
Ethereum will dominate the smart contract business. Don´t worry.