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Topic: Abandon BTC - page 4. (Read 6869 times)

legendary
Activity: 876
Merit: 1000
October 09, 2014, 03:18:45 PM
#21
You VASTLY underestimate first mover advantage.

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.
full member
Activity: 126
Merit: 101
Be Here Now
October 09, 2014, 02:58:48 PM
#20
You still have time to abandon BTC....blahblahblah

Nope
legendary
Activity: 1722
Merit: 1000
October 09, 2014, 02:46:29 PM
#19
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.
legendary
Activity: 1450
Merit: 1013
Cryptanalyst castrated by his government, 1952
October 09, 2014, 02:34:26 PM
#18
OP's first post, back in April:

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse, is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an attractive investment environment.

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

legendary
Activity: 1512
Merit: 1000
October 09, 2014, 02:32:31 PM
#17
I agree with this part. People need to be careful on who they listen to.

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

legendary
Activity: 1652
Merit: 1265
October 09, 2014, 02:32:24 PM
#16
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 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.


d) Repeat the same negative or positive shit, thread after thread Tongue
legendary
Activity: 876
Merit: 1000
October 09, 2014, 02:27:24 PM
#15
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 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.
legendary
Activity: 1568
Merit: 1001
October 09, 2014, 02:08:21 PM
#14
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!
legendary
Activity: 876
Merit: 1000
October 09, 2014, 02:02:13 PM
#13
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.

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.
hero member
Activity: 588
Merit: 500
October 09, 2014, 01:54:00 PM
#12
OP is a bagholder  Cheesy
legendary
Activity: 1176
Merit: 1010
Borsche
October 09, 2014, 01:50:35 PM
#11
There will be more new and better developed cryptos that will again flag the start of another phase.

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.
legendary
Activity: 876
Merit: 1000
October 09, 2014, 01:36:06 PM
#10
You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.

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.
donator
Activity: 784
Merit: 1000
October 09, 2014, 01:32:14 PM
#9
Bitcoin is first mover.
If bitcoin fails, all the altcoins will fail too.

IMO, alts are only good for easier mining and speculation.
hero member
Activity: 742
Merit: 500
October 09, 2014, 01:28:49 PM
#8
Please list these 'more advanced cryptos'. I await the laughs.
newbie
Activity: 10
Merit: 0
October 09, 2014, 01:20:38 PM
#7
Sell Bitcoin, buy Pandacoin.
legendary
Activity: 1232
Merit: 1011
October 09, 2014, 01:18:18 PM
#6
You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.


pow blockchain with minimal maintenance cost in energy terms.
legendary
Activity: 3710
Merit: 5286
October 09, 2014, 01:12:39 PM
#5
If you reply to this thread, then I would kindly ask you to express yourself in a calm and constructive manner. Thank you!

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

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

hero member
Activity: 742
Merit: 500
October 09, 2014, 01:11:39 PM
#4
agreed
full member
Activity: 181
Merit: 100
October 09, 2014, 01:08:12 PM
#3
You have not explained what kind of advancements are needed, and why they cannot be implemented in Bitcoin.
newbie
Activity: 7
Merit: 0
October 09, 2014, 01:04:21 PM
#2
agreed
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