Bitcoin is an Altcoin | Bitcointalksearch.org

giveBTCpls

sr. member

Activity: 322

Merit: 250

Quote from: bornil267645 on August 22, 2014, 04:23:17 PM

bitcoin was the first one, so everything else is altcoin. Cool

It was not actually the first one, I remember there were other people trying to come up with a similar thing.
Bitcoin was the first one to do it right tho, and get the bigger adoption. SO yeah, I could understand people that say its the first one.

HELP.org

hero member

Activity: 510

Merit: 500

I think the term is based on the software development. The code is being developed under Bitcoin and the "altcoins" take that code and make some changes to provide an alternative but they depend on the development of the Bitcoin project for updates.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: ?? on ??

Everything with a beginning has an end, so the supremacy of Bitcoin will not last forever. That's reality. Hope for you it is distant in the future.

It's going to be in the very distant future if 'stupid' coins are being released like the ones that we had/have so far.
It's obvious that nothing will last forever, but it depends on how long it will last. Look at banks, Microsoft OS dominance?
Also it seems like people don't get this forum/it's name at all.
It's called BITCOINtalk for a reason.

dKingston

hero member

Activity: 482

Merit: 500

LAUNDER BITCOIN: https://BitLaunder.com

Funny thinking

Bitcoin is the first crypto is the crypto! Anything else is secondary and not considerable as BTC

Plank

member

Activity: 61

Merit: 10

Its an altcoin with respect to other coins but frankly speaking, it has become a trend, thats what you are talking about.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

I thought I was in the Bitcoin forum. My mistake.

slaveforanunnak1

hero member

Activity: 743

Merit: 502

Quote from: R2D221 on August 24, 2014, 10:26:49 PM

Quote from: slaveforanunnak1 on August 24, 2014, 09:43:01 PM

Quote from: cryptopaths on August 22, 2014, 04:19:05 PM

Bitcoin is an altcoin to Peercoin and Peercoin is an altcoin to Bitcoin.

Do all of you understand what "alt" means? It stands for alternate.

So when shown some new technology in crypto I get annoyed when people go, oh it's just another alternate.

Bitcoin is also an alternate to other technologies. I hate how all of you are acting like the current bitcoin protocol is the end all be all project in the crypto scene. Satoshi brought true innovation and all of you are acting like there can't be any more for some reason.

So please next time something innovative is made don't just go, oh that's just another altcoin. Actually use your heads and look at the technology for what it's worth.

This idiotic thought process that some of you posses is exactly why a lot of you and a lot of people didn't get in early on Bitcoin. Because when faced with something new your underdeveloped/underpowered brains don't know how to process everything and you immediately call scam or fail on what you can't understand.

HAHAHAH THANK YOU!! +1000
Thats how I feel every time someone calls Ethereum "SCAM COIN!!"

I don't understand how one thing is related to the other. Besides, we have already stated that the meaning OP is giving to “alternate” is not the real one (or the one everyone else agrees with).

is that right?

R2D221

hero member

Activity: 658

Merit: 500

Quote from: slaveforanunnak1 on August 24, 2014, 09:43:01 PM

Quote from: cryptopaths on August 22, 2014, 04:19:05 PM

Bitcoin is an altcoin to Peercoin and Peercoin is an altcoin to Bitcoin.

Do all of you understand what "alt" means? It stands for alternate.

So when shown some new technology in crypto I get annoyed when people go, oh it's just another alternate.

Bitcoin is also an alternate to other technologies. I hate how all of you are acting like the current bitcoin protocol is the end all be all project in the crypto scene. Satoshi brought true innovation and all of you are acting like there can't be any more for some reason.

So please next time something innovative is made don't just go, oh that's just another altcoin. Actually use your heads and look at the technology for what it's worth.

This idiotic thought process that some of you posses is exactly why a lot of you and a lot of people didn't get in early on Bitcoin. Because when faced with something new your underdeveloped/underpowered brains don't know how to process everything and you immediately call scam or fail on what you can't understand.

HAHAHAH THANK YOU!! +1000
Thats how I feel every time someone calls Ethereum "SCAM COIN!!"

I don't understand how one thing is related to the other. Besides, we have already stated that the meaning OP is giving to “alternate” is not the real one (or the one everyone else agrees with).

slaveforanunnak1

hero member

Activity: 743

Merit: 502

Quote from: cryptopaths on August 22, 2014, 04:19:05 PM

Bitcoin is an altcoin to Peercoin and Peercoin is an altcoin to Bitcoin.

Do all of you understand what "alt" means? It stands for alternate.

So when shown some new technology in crypto I get annoyed when people go, oh it's just another alternate.

Bitcoin is also an alternate to other technologies. I hate how all of you are acting like the current bitcoin protocol is the end all be all project in the crypto scene. Satoshi brought true innovation and all of you are acting like there can't be any more for some reason.

So please next time something innovative is made don't just go, oh that's just another altcoin. Actually use your heads and look at the technology for what it's worth.

This idiotic thought process that some of you posses is exactly why a lot of you and a lot of people didn't get in early on Bitcoin. Because when faced with something new your underdeveloped/underpowered brains don't know how to process everything and you immediately call scam or fail on what you can't understand.

HAHAHAH THANK YOU!! +1000
Thats how I feel every time someone calls Ethereum "SCAM COIN!!"

betterangels

sr. member

Activity: 294

Merit: 250

Quote from: Hasher99 on August 24, 2014, 12:39:04 AM

Bitcoin was the first coin, bitcoin is the king. So all reference will be made with BTC. Its not an actual alternative, but relative.

Bitcoin is the queen in the network.... long live to the queen!!!.

CozyLife

member

Activity: 84

Merit: 10

Theymos, unban my account.

An altcoin is a coin that's an alternative to Bitcoin.

https://en.bitcoin.it/wiki/Altcoin

Therefore, Bitcoin cannot possibly be an altcoin as nothing can be an alternate to itself.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: franky1 on August 22, 2014, 04:28:16 PM

cryptopath the under 18yo kid that doesnt think before he posts, has yet again started another topic that has no purpose but to make him look worse then people already believe he is.

.. mods please lock these boring and pointless topics that make no sense and offer nothing insightful

he's hiding out again from the Altcoin section LOL

Hasher99

member

Activity: 66

Merit: 10

Bitcoin was the first coin, bitcoin is the king. So all reference will be made with BTC. Its not an actual alternative, but relative.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: itsAj on August 23, 2014, 05:34:13 PM

Quote from: valvalis on August 22, 2014, 11:32:54 PM

The OP doesn't understand with what he's talking about.
"Alt"coin means Alternate from bitcoin.
Why is the bitcoin doesn't called as Altcoin? Because Bitcoin is the first Cryptocurrency.

This is exactly right. The reason altcoins are called altcoins is because they are alternative coins to bitcoin. They are always inferior to bitcoin as their network security is much weaker (lower hashrate). To say that bitcoin is an altcoin is like saying that bitcoin is an alternative coin to itself.

I really don't understand the logic behind the OP either. Bitcoin will always be superior to other altcoins because of the strength of it's network.

betterangels

sr. member

Activity: 294

Merit: 250

Bitcoin is the mother of all Altcoins, dude.
Grin

iluvpie60

hero member

Activity: 700

Merit: 500

Quote from: cryptopaths on August 22, 2014, 04:19:05 PM

Bitcoin is an altcoin to Peercoin and Peercoin is an altcoin to Bitcoin.

Do all of you understand what "alt" means? It stands for alternate.

So when shown some new technology in crypto I get annoyed when people go, oh it's just another alternate.

Bitcoin is also an alternate to other technologies. I hate how all of you are acting like the current bitcoin protocol is the end all be all project in the crypto scene. Satoshi brought true innovation and all of you are acting like there can't be any more for some reason.

So please next time something innovative is made don't just go, oh that's just another altcoin. Actually use your heads and look at the technology for what it's worth.

This idiotic thought process that some of you posses is exactly why a lot of you and a lot of people didn't get in early on Bitcoin. Because when faced with something new your underdeveloped/underpowered brains don't know how to process everything and you immediately call scam or fail on what you can't understand.

IT IS A NICE TRY...

but honestly when you come on here and have a rant about how bitcoin is an alt coin is not true. the alt part of it is talking about how other coins copy and paste their source code from bitcoin or take most of it or some of it and just tweak it. there is a reason bitcoin is at the top and all the others are at the bottom right now.

hicaribou

hero member

Activity: 815

Merit: 502

I agree with you that Bitcoin is also an altcoin under the meaning of new technology in the cryptocurrency.

evanito

member

Activity: 83

Merit: 10

Your average Bitcoin/Ethereum enthusiast

Altcoins are majorly used by people who are:
1) Fans of that coin
2) Daytraders
3) Bots
4) Holders/investors/"hopers"

Conclusion: bitcoin is master coin

R2D221

hero member

Activity: 658

Merit: 500

Bitcoin is an alternative, but NOT to Peercoin. It's an alternative to fiat money. The word alternative means that it was thought as another solution to a current problem. When Bitcoin was created, Peercoin didn't even exist, so logically it can't be an alternative to that.

jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Topic: Bitcoin is an Altcoin (Read 3764 times)