Topic: Abandon BTC - page 4. (Read 6876 times)

For the first mover advantage to have importance in technological fields, it has to have technological superiority, control of resources or high user switching costs.
As I see it:
1) Bitcoin is technologically inferior.
2) Bitcoin isn't the sole representation of this specific idea or technology.
3) Switching costs would be trivial for services and users to switch to new cryptos.

Reading your last line somehow linked me straight to Star Wars and "You don't know the power of the dark side!". First mover advantage is more prominent in inefficient markets, where marketing is valued higher then technological advancements. Technological advancements are stagnant in markets like these, because the majority consumers aren't educated enough to understand them. They will only react to smart advertisement to which the first mover advantage is most important.
I know that the first mover advantage is a force to be reckoned with, but I strongly doubt that it will be the main force that will be driving this market. The first mover advantage can direct the success of carbonated soft drinks and detergents, but the field of cryptocurrencies will be on another league from something this primitive.

Thank you for pointing out the main argument that supports the success of bitcoin.

Nope

I own a bunch of alt coins.  

I will never sell more than half of my current BTC holdings.

You VASTLY underestimate first mover advantage.

OP's first post, back in April:


Six months - and counting - of the same message. Why would anyone bother to do that? Cui bono?

I agree, and as such, I think I've listened to enough of your opinion.

d) Repeat the same negative or positive shit, thread after thread

I agree with this part. People need to be careful on who they listen to. I would recommend to be skeptical of those who:

a) Try to ridicule arguments and use personal insults instead of offering counter-arguments.
b) Try to mystify the subject and give the only explanation in a form of "you are new to this, so you wouldn't understand this complex subject anyway".
c) Try to outright ignore the critical points that the ongoing subject stresses on.

Another day, another slew of doomsday threads trying to freak out the newcomers. I will say this though, those new to Bitcoin need to learn the curves of being involved in such new and evolutionary technology and all the confusers and obfuscaters that are present in such a realm. I've been through my share of ups and downs and made my growing mistakes but I'm that much more insulated and relaxed from the wild talk and shakeout rhetoric. Caveat emptor, yall!

You talk as bitcoin had been in place for decades. Most of the new and better cryptos are still in the process of establishing themselves. Some of them are only now coming out of the initial phase and are starting to have value that isn't dependent on bitcoin. This is the indicator that the crypto market is changing shape from a pyramid to a cluster. Bitcoin won't be at the top of the pyramid any longer, because it's only strength is the faith of the old adopters. And there aren't enough of these old adopters and the large majority of them aren't competent enough to push through this "U BUY COIN, ME GET RICH!!1" scheme.

OP is a bagholder 

That's right, they will come and go often, as yearly fads, each new one with a new shiny gimmick, and people will be running after them chasing their golden opportunity to invest into better crypto.

...

While bitcoin will remain the point of reference and the only actually trusted blockchain. Soon smarter authors will understand that and will save their crappycoins checksums into bitcoin blockchain periodically. It will always be the mother of coins, no matter which silly marketing slogans coin authors will come up with later.

But you are free to pursue the dream of a better coin, where no resources are ever wasted and consistency of the chain is ensured by kind elves. However, be prepared that your delusion will not be shared by mostly anyone else, they will be pushing marketing agenda of their own crappycoin.

Wasteful mining and the promotion of price instability are the core aspects of bitcoin. No one will even consider changing PoW mining and fixed supply.
The problem is in changing the fundamental properties and trust. Trust is the main pillar of any currency. If you would start changing those properties, then people will start to ask what fundamental rules will be changed next and they will lose their trust in the system. That is the reason why wealth needs to move to more developed currencies that already have more developed core properties.
And in all probability, wealth won't rest on those new and better currencies forever either. There will be more new and better developed cryptos that will again flag the start of another phase.

Bitcoin is first mover.
If bitcoin fails, all the altcoins will fail too.

IMO, alts are only good for easier mining and speculation.

Please list these 'more advanced cryptos'. I await the laughs.

Sell Bitcoin, buy Pandacoin.

pow blockchain with minimal maintenance cost in energy terms.

Ok, then I will calmly tell you where you can stick your crappy, POS PnD scamcoin alternatives.  

Also, if you are shorting btc, you better close your position soon... troll

agreed

You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.

agreed