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Comment by pazimzadeh | Hacker News Reader

Between this and Fred Wilson's recent comments, it's pretty neat seeing a meme take shape right before our eyes.

I'm not saying this article is wrong, but that it offers little substance.

My pet theory is that Ethereum will transiently surpass Bitcoin in market cap in the next weeks, triggering a 5x surge in Bitcoin's price. Ethereum will then follow, and what happens next is anyone's guess. Why do I think that? Uh..heuristics.

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why would it trigger a surge in bitcoin's price? The event is unprecented, and will happen during a time of uncertainty in BTC's future, due to the impending hard fork. It would seem to me that the event would cause ETH to surge instead.

My thinking is that certain parties with vested interest in BTC may attempt to drive up the price to prevent ETH from stealing the spotlight. Of course, several large firms now have a vested interest in ETH as well, so the best option might be to own both.

Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested?

If those dapps are so great, why isn't there a single one that regular people are using today?

You could say that about the internet 30 years ago...

And? You're remarking on a surface-level resemblance to the greatest communication and economic innovation in human history. It's a disingenuous comparison.

Judging by the size of financial industry, the electronic money which could be programmed to do things with money without human help 24 hours per day is a serious threat to many companies in finance.

> do things with money without human help 24 hours per day

This was already possible before cryptocurrencies, hence how I'm able to buy anything online at any time of day and have it delivered to me within 24 hours.

blockchains with smart contracts can automate away entire financial industries; title holding company comes to mind.

Explain how smart contracts would automate away a title holding companies.

The tech is still in its infancy. Most of the developers that have heard of Ethereum heard about it within the past couple months. Communities like r/ethdev are growing rapidly and the tools required to develop feature-rich dapps easily are still being fleshed out. It takes time to realize the potential and learn to develop for a new paradigm. Trustless smart contracts are an incredibly powerful concept and I don't expect them to go away.

There is real movement in the ethereum space. I'm on mobile right now but check out the ethereum enterprise alliance. The other big thing would be ICO's, for better or for worse.

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