Quote from: alc on December 18, 2014, 04:13:58 PM

Quote from: colinistheman on December 17, 2014, 11:20:44 PM

Lastly, Bitcoin total coins = 21 million. Ether total = 60 million. Bitcoin is scarcer.

Scarcity is not meaningfully correlated to the units chosen to represent total coinage in cryptocurrencies. That's like someone saying "you can have 1 pint of this beer or 568ml of this other one" and you deducing that the 1 pint must be "scarcer" than the 568ml beer. The units involved don't really matter, it's what's in the glass that counts - i.e., does the cryptocurrency provide utility and value, or does it not.

If ethereum takes off, so will bitcoin. Wanna use a DAO? Neet Gas. Want gas? Need bitties!