Bitcoins strenght right now compared to others is it's network effect, but that's hugely overrated. Bitcoin only has around 500k to 1m users, that's very poor for a 6 years time scale. I believe it shouldn't be that hard for another project to overcome this, how? I believe by smartphone appplications. More and more people are using a smartphone with lot of interest to applications and less people are using a personal computer, a semi successful app these days crushes bitcoins network effect in a pretty short time because it's fun, consists social networking and is simple to use.
Look at some 2015 crypto 2.0 projects http://www.coindesk.com/crypto-2-0-2015-turning-bitcoin-theory-big-business/, which have a decent chance to compete with bitcoin, a couple of them aim for the bold part i mentioned.
Topic: Altcoins are a mess, but Bitcoin looks vulnerable to being dethroned - page 2. (Read 1425 times)
January 04, 2015, 10:09:57 AM
January 04, 2015, 10:07:55 AM
pow is failing for btc and ltc (too much sell pressure), wont be long till they are fully monopolized. I think PoS will play a big part in 2015
very good point. I think you might be right
January 04, 2015, 10:06:43 AM
pow is failing for btc and ltc (too much sell pressure), wont be long till they are fully monopolized. I think PoS will play a big part in 2015
January 04, 2015, 09:59:06 AM
Bitcoin has its purpose. It's almost impossible to get your hands on altcoins if BTC isn't there because it's sole purpose is to convert itself to fiat and vice versa. I don't think anything can take its place unless we get something as well adopted as BTC but I'm pretty sure we are years away from it.
January 04, 2015, 09:55:53 AM
Altcoins are a mess, but Bitcoin's looking pretty vulnerable to being booted from the #1 spot. Which coin do you think has a chance to emerging as a serious threat to bitcoin in 2015 (or 2016/2017)? Ethereum, NEM, Counterparty, NectarCoin? Something else?
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