Topic: Bitcoin has no competition - page 70. (Read 43198 times)

bitcoin has competition and it is rising quickly , bitcoin has slowed and their has been no major development in the eco system .
Bitcoin Unlimited is the answer maybe but the clowns are clowns .
I am going into alts now as btc is down 

During this time altcoins like ethereum, zcash, factom, and ripple always trying to develop system to attract many takers among bitcoin. When Bitcoin prices down they seize the moment to rise, and vice versa. At first glance this is a good view of harmonization, but on the other hand, they are competitors ready to pounce at any moment with unlimited coins concept, especially recently emerging issues concerning hardfork, waiting right moment is the best strategy.

I always thoght bitcoin had no competition, but the scaling problem made me doubt that attitude a bit.
I thought that bitpay might include an altcoin into their payment system, and that would be bad for bitcoin.
But recently I read an article where bitpay announced that they studied bitcoin blockchain alternatives and that none of them were compelling.
The bitpay company would not migrate from Bitcoin.
So if they see no alternative, I don't either.

I believe that after the huge success that bitcoin had and the number of investment and how it took the entire internet community by storm, people thought that it will be a good way to make money from making a similar idea and that where the altcoins started, and of course each one of them are just not successful as the bitcoin was because they don’t have that big user base except for a couple of them that claim to bring new things to the table.

I think that those are the real competition here because when bitcoin gets a big hit they are going to take the opportunity to rise.

Name me few innovations added to BTC over year ?

Altcoins are in no way competition to bitcoins.Even every altcoin price is valued based on bitcoins.Some altcoins are made with the aim of solving the psuedo anonymity issue like monero.Even then,they couldnot compete with bitcoins.Even the altcoin devs also dont want to compete with bitcoin and they just satisfy when their coin price is above the ICO price as success.

i dont think so that altcoins can be or maybe consider as a competitor with bitcoin. we all know that these altcoins are just taken away from bitcoin. bitcoin is the mother of all cryptocurrency. moreover, most cases of these altcoins only stands in a couple of months (it may take years as long as the devs are not abandoning the project).

I guess bitcoin has no competition because there is no coin that can rally with it's market cap. But I consider ETH as it's contender because many are into it right now and it attracts a lot of investor with their smart contracts. I know that many aren't going to consider ETH as a competitor but it depends on how you can see the market.

That not true, altcoins made some innovations as well and they are very competitive in the market, however it's not the developer that will dictate the success of their project but the people who will support it, if the investors trust them they will prosper like what happen with Bitcoin.

But I think bitcoin with gold running on a different path. bitcoin as a digital currency can not be rivaled gold. I think gold will always sit at the top position because many countries use gold as collateral in money printing them. then with that gold will always be the first choice for but I think bitcoin with gold running on a different path. bitcoin as a digital currency can not be rivaled gold. I think gold will always sit at the top position because many countries use gold as collateral in money printing. Then with that gold will always be the first choice for owners of large capital investment. I think bitcoin in the near future will not even come close replaced gold in the slightest. because bitcoin and gold are two different things. Thank you, just IMO

As a bitcoin maximalist, I'm starting to have to agree with this statement. Bitcoin doesn't exist in a vacuum anymore, and the latest debacle saw a lot of money move to ETH, that could have stayed in BTC. I think there is space for additional coins, but not because BTC faltered.

Bitcoin has a competitor that's been around for a very long time.
Gold is the competitor of Bitcoin and the price of Bitcoin won't have the same value as Gold because Bitcoin is only a digital asset not an investment like some guys on this forum think.

There is a low supply of Gold compared to Bitcoin and Gold is a physical object so only a few people could get a hold of it.

you don't really see that ETH is choping BTC userbase ?
Current drama and stagnation of 2 years with scaling costed network current problems and btc lost some user-base to alts.
I hope they will solve problems sooner than later.
If BTC community will give momentum to ETH it will eant with flip-flap of market cap.

That is what I think too, alt coins are the competition of bitcoin. But upon seeing on what's happening nowadays, the competition with alt coins are just because of this drama and politics. I thought it's alarming when I saw some alts pumping but in the end that's just made by those whales that wants to convert their bitcoin to something more profitable.

I like BTC but living in Delusion that you are living in void, this is such DUMB statement.
Bitcoinmarketcap moving is constantly proving you wrong.
Currently there are coins that are making changes not many of them ETH NEM maybe others they fork all time they change skin to current need they evolve all time
fixing bugs and no one care there about fork... 2-3 months ago ETH had 2 hard forks to fix bugs/exploits and who cares today ?
BTC over 10 years haven't solved even malleability... Do you rally think that stance will sustain.
BTC will lose over time because of stagnation. If you think that block-size is worst thing to BTC you are wrong.
Do you rally think that making 1MB to XMb is ANY FUCKING sign of development progress ?
Segwit with LN is some fresh air to BTC while from my perspective making from BTC 1MB / 2 Mb / 2000MB block doesn't solve anything in real.
Progress is not about making one variable custom like BU... BU with their devs will land even worse than DASH or ETH.


People are constantly wrong lets take POS coins all talked about "nothing at stake" as big problem but in REALITY that never happened for few years while 51% attacks were common when multi-currency has been jumping to alts with low hash rates. Those alts implemented self adjusting blocktime to live...  I don't get why BTC is so afraid about that 51% it can just implant that dynamic adjustment and problem solved.



Some alts have solutions that BTC will discus over next 10 years ...
DASH some kind governance model + master-nodes (paying for having NODE)
ETH - this is one is monster but they will have problem with block-chain size they will need cut outdated chains keeping balances.
NEM - nodes that pay iteslf for routing transfers and securing network (this is real work) while in BTC POW is just for being. I don't see that hashing work as more valuable than NEM/Dash nodes.
Alts with low marketcap have dynamic block adjustment to defeat 51%-99% hash power attract
POS alts solved power consumption problem (stop talking about nothing at stake problem because nor NEM, NXT, BLK had any problems with that )
Monero have anon by default
Alts can for easly and adopt while btc stay years in same possition today when blocks are full people are moving to alts...

I think you are missing point BTC is ahead but with market price today vs others.
I don't see development in BTC guys wallet looks like it was 4 years ago that is all.
https://bitinfocharts.com/comparison/transactions-btc-eth-dash-ltc-doge.html

Look like people runned to ETH when BTC stucked, look how free market works give ETH 2 years of BTC stagnation and i am sure that ETH > BTC in market cap and users.
ETH will cut blockchain and won't give a fuck to transactions hisstory they will keep las 5000block  + account balances.
Same time BTC will fight 1MB vs 2MB ... pathetic
i hope that BTC will change attidiute or will lose race for sure.

I think altcoins are the one that should be considered as competitor of Bitcoin.  But alas, it seems Bitcoin is a mile up ahead agains this altcoin competitor.  they may have the technology bu Bitcoin have the base users.  that alon can dictate on which one will be successful compared to other cryptocurrency.

In any aspect of business, competition are always a part it, right? I guess most of the business minded person knows that things. although bitcoin was design for me not to compete by any of the business in this world. but majority of the business was bitcoin is competing them. So the result  the community of bitcoin are embracing the concepts and features of it, so the in the end the demand is getting higher. And most of it are altcoins is really the one who is competing with bitcoin.

There are two ways to compare that. In terms of time, most of the altcoin can not last long, so it can not compete with bitcoin. Because bitcoin is very stable and popular, it is always in everyone's heart. However, in terms of value, there have been so many altcoins that have risen up and reached terrible value, it is 1xxx% over the original value, it will really be a competitor to bitcoin if It lasts long But that did not happen. It is difficult to compare.

Indeed, whenever bitcoin didn't created to compete any of this world in terms of trading it in the platform. even for Gold its only in the mind of the individuals that bitcoin is competing others but the real fact was not.

Altcoins aren't really thought about when it's compared to Bitcoin because the p[rice of Bitcoin is really high. Bitcoin began around $0.005 and now it's $1,009.78. There's been many Altcoins that went up to and over 999.99 %, so I can't really say that there isn't any competition to Bitcoin percentage wise in just a short amount of time.
Bitcoin has the most stability when compared to an Altcoin though. I would choose Bitcoin over Altcoins.