biggest threat to bitcoin? | Bitcointalksearch.org

terman45x

hero member

Activity: 840

Merit: 1000

Quote from: julio1978 on December 04, 2013, 04:28:21 PM

What is the single best threat to bitcoin of the alternative currencies?? peercoin? primecoin? quarckcoin? I don't think it is litecoin because it is just a clone...

None, only threads are outside cryptoworld like PayPal freezing acounts if you sell bitcoins/miners or you have store accepting both PayPal and Bitcoin

pand70

sr. member

Activity: 476

Merit: 250

ppcoin and xpm are decent alt coins that have interesting features over bitcoin but they are not a threat whatsoever. No alt coin is even close to bitcoin in terms of the developers backing them up.

MicroGuy

legendary

Activity: 2506

Merit: 1030

Twitter @realmicroguy

Quote from: julio1978 on December 04, 2013, 04:28:21 PM

What is the single best threat to bitcoin of the alternative currencies?? peercoin? primecoin? quarckcoin? I don't think it is litecoin because it is just a clone...

Actually, it's GoldCoin™! And it's still cheap to buy unlike Litecoin.

..
..

I put this video together just for the newbies here! (vvvvvvvvv) Cheesy

tampazeus

hero member

Activity: 924

Merit: 1000

Lick me like a lolipop

Quote from: odolvlobo on December 04, 2013, 08:02:52 PM

The biggest threat to Bitcoin is speculation. Because of the buy-bitcoin-to-get-rich mania that is now developing, Bitcoin is heading for a huge bubble. Tens, if not hundreds, of billions of dollars will be lost by speculators. If the bursting of that bubble doesn't kill Bitcoin, nothing will.

Only if there is crash by more than 99% on all major exchanges. We saw 66-90% crashes and Bitcoin survived.

wopwop

sr. member

Activity: 252

Merit: 250

a comet

BitThink

legendary

Activity: 882

Merit: 1000

Quote from: odolvlobo on December 04, 2013, 08:02:52 PM

The biggest threat to Bitcoin is speculation. Because of the buy-bitcoin-to-get-rich mania that is now developing, Bitcoin is heading for a huge bubble. Tens, if not hundreds, of billions of dollars will be lost by speculators. If the bursting of that bubble doesn't kill Bitcoin, nothing will.

Yes, I agree with you. However, it's not correct to say dollar will be lost. It just goes from one pocket to another pocket. The problem is when bubble pops, it goes from majority of new comers to small number of early adapters.

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

none of the alts are really threats to bitcoin. none of them are innovative. ripple is quite an innovation, but it is not currency, and likely complements bitcoin quite well.

odolvlobo

legendary

Activity: 4466

Merit: 3391

The biggest threat to Bitcoin is speculation. Because of the buy-bitcoin-to-get-rich mania that is now developing, Bitcoin is heading for a huge bubble. Tens, if not hundreds, of billions of dollars will be lost by speculators. If the bursting of that bubble doesn't kill Bitcoin, nothing will.

raulxpert

newbie

Activity: 6

Merit: 0

I think the quantic computation or something like a big tecnological breaktrough may affect bitcoin cause the famous 51% attack

uininPeter

full member

Activity: 141

Merit: 100

Quote from: jaudo on December 04, 2013, 05:31:14 PM

in my opinion, a cracking attack or the miners dictatorship.

Pool server dictatorship, almost no one solo mine anymore...

jaudo

newbie

Activity: 22

Merit: 0

in my opinion, a cracking attack or the miners dictatorship.

Jacce

sr. member

Activity: 294

Merit: 250

Quote from: trumbadera on December 04, 2013, 04:36:25 PM

Quote from: Jacce on December 04, 2013, 04:32:50 PM

I don't think other coins are threats, more like backups in case Bitcoin would fail of other reasons.

If Bitcoin would fail all other alt coins would fail as well. SHA256 is much more studied for possible vulnerabilities than Scrypt

That is not necessarily true, depends on the reason of Bitcoin failing.

raspcoin

full member

Activity: 140

Merit: 100

Quote from: kmc1221 on December 04, 2013, 04:39:41 PM

I wouldnt call it a threat but quark might make some progress.

It is nothing more than one of many altcoins. You could just as well call litecoin or peercoin a treat.

pedrito777

newbie

Activity: 2

Merit: 0

http://coinmarketcap.com/

quarckcoin is a joke!! look what happened to it in the last 24hours!

hilariousandco

global moderator

Activity: 3990

Merit: 2713

Join the world-leading crypto sportsbook NOW!

I don't think any of them are currently threats. Just look at the price jump between BTC and LTC.

profall

full member

Activity: 298

Merit: 100

dApps Development Automation Platform

Threat? I think it already exists. It needs to be easier and safer for both the buyer and seller to exchange coins for fiat. Not that it's not possible to do on many different exchanges or in person on local bitcoins. However, your normal everyday person does not want to send a bunch of personal documents etc... to an exchange just so they can make transactions. It'd be cool if they setup some sort of paypal-esque system, where you can confirm transactions off the block chain so the buyer cannot retract a payment.

kmc1221

newbie

Activity: 7

Merit: 0

I wouldnt call it a threat but quark might make some progress.

andreiya

newbie

Activity: 16

Merit: 0

the worst threats to bitcoin is not buy with it.It´s my opinion

trumbadera

member

Activity: 113

Merit: 10

Quote from: Jacce on December 04, 2013, 04:32:50 PM

I don't think other coins are threats, more like backups in case Bitcoin would fail of other reasons.

If Bitcoin would fail all other alt coins would fail as well. SHA256 is much more studied for possible vulnerabilities than Scrypt

Jacce

sr. member

Activity: 294

Merit: 250

I don't think other coins are threats, more like backups in case Bitcoin would fail of other reasons.

Topic: biggest threat to bitcoin? (Read 1043 times)