Is Ethereum Bitcoin 2.0? Programmable Money, Smart Contracts And Decentralized Apps Run On Ether

Is Ethereum the revolution to the cryptocurrency world that Bitcoin fell short of? Learn how this cryptocurrency has raised the bar on blockchain technology, now!

Many are calling Ethereum 'Bitcoin 2.0' and for good reason!

Bitcoin is a bit like a rudderless ship with two separate teams (the developers and the miners) trying to take the project in different directions.

Ethereum has a clear vision, a fired up team and truly holds the potential to revolutionize digital business in the new blockchain enabled world.

The best part is that Ethereum is focusing on creating a platform that can be leveraged by developers in a way that decentralizes control from the mega corporations and banks which make for a potentially 'better way to do business'

When there is a better way to do business that can offer better deals for the users, potentially revolutionary things can happen.

This is why many mega corporations have joined the Enterprise Ethereum Alliance so they can be on the leading edge of integrating this blockchain technology into their business structures:

Although Bitcoin is a bit older and has a better 'brand name' I believe the tech behind Ethereum is far superior.

The first video I did on Bitcoin is here:

Learn more about Ethereum here:

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19 Responses to “Is Ethereum Bitcoin 2.0? Programmable Money, Smart Contracts And Decentralized Apps Run On Ether”

  1. Rallao

    Aug 31. 2017

    Ethereum is based on the blockchain and the blockchain is being updated constantly so there in no “2.0” term here. What doing etheruem is more like an “Internet 2.0” changing the game from servers and private databases to a completely decentralized system. This is really going to be a game changer for the internet as we know in more years, so is important to ppl who make life and money from internet take care and be part of this change.

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      Great points… Totally agree! Thanks for the comment!

      Reply to this comment
  2. Kasra Moghaddam

    Aug 31. 2017

    Hi Miles, when running conversion ads do I go for sales or view from the get go

    Reply to this comment
  3. Salma Ali-Bidasee

    Aug 31. 2017

    This is very fascinating, especially as it is a decentralized system and it will make running our businesses less expensive. Keep us updated . Thanks Miles!

    Reply to this comment
  4. Jason Whaling

    Aug 31. 2017

    #badass 😝Question: With a central team, who is “funding” this? This may be a silly question but is their any concern that big companies are involved in this one vs. Bitcoin? I mean this could potentially disrupt Visa as payment processor. Guessing they’d be looking to make the app-contracts as a way to stay ahead of the curve? …………Anyway, the pandora example was super helpful in understanding how this could work. I defiantly like the idea of a system that gives more to creators and less to the middle men. Thank you for these insights and your simple explanations.

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      So Ethereum was essentially crowd funded via Bitcoins… Geeky people and early adopters of crypto from all over the world funded this!

      This is called an ‘ICO’ like I mentioned and will expand on later. They raised 18 million in bitcoin USD in 2014… Bitcoin has increased in value by a massive amount since then and they had some ETH set aside for development too, I believe… Which has appreciated greatly.  So they are flush with cash!

      Ethereum is run through a non profit out of Switzerland and the Ethereum Enterprise Alliance is also a non profit of companies wanting to leverage the blockchain to make big business more efficient. Their goal is to make this an open source standard… not a product. ( https://entethalliance.org/members/ )

      So businesses can build on it to improve business and we digital marketers and entreprenerus can find uses, too!

      Check this out: https://www.nytimes.com/2017/03/04/business/dealbook/blockchain-ibm-bitcoin.html?mcubz=1

      The corps see how this tech can improve logistics and business processes… How this all rolls out is a part of the amazing part… We get to see this happen!

      Reply to this comment
  5. Victor Lai

    Aug 31. 2017

    are you referring to the Musiconomi project when you are talking about the music example?

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      Not directly, no… But maybe inadvertently. Just wanted a use case that everyone could understand.

      Reply to this comment
  6. Kat M

    Aug 31. 2017

    Ether is ok except it is missing the first and major component of the complete decentralised system whereby the ether mine makes the primary incomes for the mass population first as an entire base structure for the world economy whereby each individual is allocated ether mine power of eg $500 us in ether per week to construct the base economy first off before any contracts otherwise the contracts are still considered as corrupt. Otherwise it’s kool America has the base technology in a different format to create the entire ether world economy except they do not recognise the relevant technology to create ether complete decentralisation to sustain base economic conditions. Kat.

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      Not following you… Can you link to a more descriptive article or document that covers this? Looks to me like there are Ethereum nodes all around the world: https://www.ethernodes.org/

      Also, how does their shift from POW to POS fit in?

      Reply to this comment
  7. Feed

    Aug 31. 2017

    Comparing Bitcoin to Ethereum is like comparing the US Dollar or Gold to shares of Apple or Microsoft. Makes no sense.

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      Comparing two blockchain based projects makes no sense? You missed the point mate…

      Reply to this comment
  8. Ed

    Aug 31. 2017

    Ethereum is not money, Bitcoin with 3rd party side chains, is no longer money either.
    Blockstream / Core have turned Bitcoin into settlement layer for 3rd party payment channels.

    Reply to this comment
  9. david patrick green

    Aug 31. 2017

    Hey miles do you use a teleprompter or do you just wing it on all of your videos? You barely ever say and you always seem to keep it together. So assuming no teleprompter you are a very impressive and knowledgeable speaker.

    Reply to this comment
    • Miles Beckler

      Aug 31. 2017

      No teleprompter… Just wing it, really! Thanks for your kind words… Most of what I talk about (marketing/entrepreneurship) is based on a decade of experience or more… This crypto stuff is a bit more difficult for me as I’m still learning it.

      Reply to this comment
  10. Aleks Batogevskis

    Aug 31. 2017

    hi Miles, sorry for the offtopic, but I’d like to ask you smth about your channel growth. You were saying that you were uploading first 90 days every single day and then you slowed down a little. So when you slowed down on uploads, did you see a negative impacts on your channel – less views, exposure?

    I plan to start my own channel too this month and I was thinking to upload the first month 1 video a day and then slow down to maybe 3-4 a week. But people say it’s never good idea to slow down on frequency of uploads, it will impact negatively. And it’s always better either to stay consistent or speed up. What are your thoughts on this?

    Reply to this comment
  11. Aleks Batogevskis

    Aug 31. 2017

    hi Miles, sorry for the offtopic, but I’d like to ask you smth about your channel growth. You were saying that you were uploading first 90 days every single day and then you slowed down a little. So when you slowed down on uploads, did you see a negative impacts on your channel – less views, exposure?

    I plan to start my own channel too this month and I was thinking to upload the first month 1 video a day and then slow down to maybe 3-4 a week. But people say it’s never good idea to slow down on frequency of uploads, it will impact negatively. And it’s always better either to stay consistent or speed up. What are your thoughts on this?

    Reply to this comment

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