What is Ethereum?
It’s not a currency. It’s not what the banks hate and politicians want to eliminate. Ethereum is a platform based on blockchain technology that allows developers to build and deploy decentralized applications. It has many other applications that go way beyond the embattled digital currencies.
Recently Chase CEO…insert filthy name here…called Bitcoin a “fraud” and “will end badly.” Yet J.P. Morgan Chase is currently investing to build a blockchain on Ethereum. This along with many other enterprises.
Big Business Giants From Microsoft to J.P. Morgan Are Getting Behind Ethereum: http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/
In short, the future for Ethereum, in my opinion, is much brighter than Bitcoin. While they do serve different purposes and ultimately we will need a currency, Bitcoin is too outdated and many other coins with much cheaper and faster transactions are emerging.
Taste of the future: Micropayment Company Ditches “Outdated Bitcoin” For IoT Technology
https://cointelegraph.com/news/micropayment-company-ditches-outdated-bitcoin-for-iot-technology
People like to make irrational judgments based on a small period. Looking at the graph below comparing the market cap of Ethereum (purple) and Bitcoin (pink) in the last 4 months might lead you to think that Ethereum’s future is in question as it appears to sink, while Bitcoin appears to surge. However, this is just 4 months out of a long life span and Bitcoin has been going through multiple forks within that 4 month period which drove people to allocate more of their investment in Bitcoin to earn free tokens from the fork.
Below shows a complete picture. Since the emergence of Ethereum earlier this year it has taken a huge chunk away from Bitcoin’s market capital along with other Alt-coins. A few experts predicted that it is inevitable that Ethereum will overtake Bitcoin in terms of market cap. This is especially true once we have mainstream adoption, which is much closer for Ethereum as a platform than Bitcoin as a currency.
Finally, what about the restrictions? I think ultimately they are great for the future of cryptocurrency. It shows that Asia is well ahead of the curve regarding the integration of digital currency in to their society. I see these legislation as temporary in order to work on a plan of order and they have been rumored as such.
Bonus:
So what to invest in (select few that I am biased towards)?
To store value/safest investment:Bitcoin, Ethereum
Next big value: NEO, Litecoin, Vertcoin
Young projects with big potential: MOD, WAVES, ClearPoll
Dark Horses: Vsync, Rupee, eBTC
I’m currently invested in 4 of the above mentioned.