Topic: Bitcoin is an altcoin - page 2. (Read 1878 times)

If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.

Oh My God.

"Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent."

You must have started using bitcoin six months ago, in which case I suggest you research its history, and its links to non-independent, profit-making outlaws.

you started off well, but made quite a silly statement, without use of argument, here: "Which is very safe compare to any bank".

You do bitcoin as a "currency" rather than possible commodity a disservice when you make foolish assertions.

Stop it.

I know right. Bitcoin is a utility, currency and an asset all in one. Not an altcoin. Altcoins are just speculation that are good for trading, but cannot be used in any other part of our life. I must confess, in the early stages of my experience with Bitcoin I also use to refer to it as the first altcoin and first cryptocurrency. Now I know the difference and how wrong I am.

Moreover, a hard-fork does not make Bitcoin an altcoin. Such forks occur with the aim of improving the existing Bitcoin. This allows more people to use it and enjoy the opportunities that it provides. Take August 1 for example. Introduction of SegWit will hopefully solve the scaling issue and improve Bitcoin's current issues with confirmation times. This does not mean Bitcoin is an altcoin, but new and improved.

Altcoin vs bitcoin? Base on my opinion bitcoin is the most well-known cryptocurrency.It was developed infrastructure and growing fan base. There are over 500 other cryptocurrencies in other other countries. “Altcoins“, these alternatives to Bitcoin. It has its own individual characteristics and algorithms. I think that any kind of coin except in bitcoin is called "Altcoins".

Honestly?
How can you call bitcoin core as an altcoin? It was pretty much the first cryptocurrency that was ever  designed, so the whole situation seems clear, at least for me.

I guess it is the reason why the bitcoin price is sky rocketing down today because the eth is taking advantage already to become the no.1 cryptocurrency and the bitcoin is now just a altcoins in the market so a lot of people lose that trust in bitcoin and already selling there bitcoin and switch to eth.

Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.

I also agree, Franky1 has highlighted what the current scene bitcoins are in. Right now there are a lot of people pushing those hard forks for their own benefit. They do this by tricking the masses who know nothing about the difference of both hard and soft forks. Right now people do want to push for a fork due to the recent memory pool clogging and the fees all going up so high. But right now the attacks to the blockchain has stopped and the fees are normalizing again. This might be the result of the attackers seeing that their purposed plan is on track and they stopped the attack as it has no more value as they have already achieved their goals.

Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.

Bitcoin became one of the first cryptocurrency in 2009. numerous cryptocurrencies created. These are frequently called altcoins, as a blend of bitcoin alternative.

This is obviously a clickbait post. Franky1 said it round and clear.

Whether one term or another it's quite irrelevant. BTC started this economic revolution and as such is generally referred as a non altcoin. Our definitions might not be the same mr OP but it's truly a non issue.

Well to be making a bold claim like this and calling what everyone knows today as the biggest Crypto an altcoin would mean that there is another currency that is more powerful than Bitcoin (at least on a crypto scale) and has more people using it, more trading it, and so on and so forth. The only reason we refer to the other coins as Altcoins is due to the fact that they're the alternate currency to the Majority, which in this case is going to have to be something else if you're going to call Bitcoin (which IS THE MAJORITY) an altcoin. This claim doesn't make sense in the least, try again!

soft forks and hard forks can BOTH cause altcoins.

softforks are merely pool controlled activation.
hard forks are node(user) AND pool controlled activation.

the whole UASF is a fake word twisting to pretend that a hard fork is a soft fork simply by swapping a H for a S to fool the crowd

..
altcoins are created if there is enough controversy and not enough consensus for a bilateral split to occur which involves in short, PURPOSEFULLY keeping the weaker option alive alongside the majority strong option.

allowing the weaker side to just stall/remain unsynced/die is not an altcoin creation. and can be done soft or hard.

anyone thinking soft=safe hard=danger has been reading the reddit propaganda too much and been hypnotised into believing it.
all the propaganda has mearly done is say a softs best case scenario and a hards worse case scenario and purposefully avoided discussing the opposite

..

in short
soft consensus: high majority acceptance, activated by pools. and the minority die out with small drama of orphans
soft controversial: slight majority acceptance, activated by pools. and the minority die out with large drama of orphans
soft bilateral split: minority (small or large) of pools decide to keep alive the minority rule by actively opposing/banning/rejecting the opposition

in short
hard consensus: high majority acceptance, activated by nodes and pools. and the minority die out with small drama of orphans
hard controversial: slight majority acceptance, activated by nodes and  pools. and the minority die out with large drama of orphans
hard bilateral split: minority (small or large) of nodes and pools decide to keep alive the minority rule by actively opposing/banning/rejecting the opposition

but we will still have the corporate propagandists who will just discuss soft consensus and hard bilateral as if thats the only 2 options of change.

Title is quite misleading, you should add ? at the end of title

After hardfork blockchain will split into two chains and old chain will be dropped by community but if it get few supporters than it can stay as altcoin just like ETC is right now after split from ETH. However softfork can't split the chain.

Correct me if I'm wrong, but a Hard Fork never happened, the link OP pastes here talks about a Soft Fork made after 5 hours the bug was discovered.

Bitcoin isn't an AltCoin, Bitcoin is the original creation and all the rest are the copy of it. Some fixes in Bitcoin doesn't turn it into an AltCoin like the Hard Fork some people want to do now.

I don't think that the fork will create altcoin because the fork is made because of the goal to solve specific issue with the original coin in the market and for example is the bitcoin, if bitcoin will have a hard fork and creates a two split on the chain then it will be a good for bitcoin because it will make the space of the blockchain more space than before and it will help to make things faster.

That's why we are supporting Segwit 2x and not for UASF. The possibility of UASF to splitting the bitcoin chain will make the bitcoin looks pretty bad.

I don't want to see another fork coin of bitcoin just like BTU. Because we know that all of the altcoins just forked coin of bitcoin itself. No more forced coin of bitcoin.

Looks those are forgetting about consensus right now.

The point is not that a hardfork is bad its that a contentious hardfork is bad because it splits the chain in 2 so necessarily one coin will be an altcoin and one will remain the main bitcoin, I think you misunderstood this point of the debate OP.

Actually i also wondering about that, it may happened in august 1   no one knows, i just think that if it have 2 coins its price will lower and can be more affordable and bloom that another coin just what bitcoin had right now, it will help lot of people.

Bitcoin does not do Ico but altcoin had, if there a 2 coins it will be under bitcoin like altcoin or just the price of bitcoin will divided by 2 then its the price of the new coin with different aspect of bitcoin, i hope there will be official coin(fiat) soon that we can buy that will grow value after.