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Topic: Bitcoin + Litecoin = Nokia ? - page 2. (Read 2334 times)

legendary
Activity: 1122
Merit: 1017
ASMR El Salvador
March 19, 2014, 09:36:12 PM
#12
if (Nokia != Finnish) then {Nokia+Apple=Heartvoice(); Nokia+Apple+Facebook+Google=HandsDigiPhotocopiesBills(); Nokia+Sony+Twitter=GSR24h7();}
else {--mymondex; ++RANDtwofactorauthentication(yahoopipesLabVIEWdynamicpassword)};
return mymondex;

//I am sure I am missing some bits of nonsense. That's why people hate F++
legendary
Activity: 3178
Merit: 1348
March 19, 2014, 09:21:29 PM
#11
Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

So what is Litecoin or any other alt?
There can't me multiple technologies all serving the same purpose.
Bitcoins concept is the technology. It's being used by other cryptos though.
Only a few can dominate and all I'm saying is that could bitcoin be overtaken by something it indirectly created?
Bitcoin is TCP/IP, LTC is UDP, other altcoins are other protocol.

95% of internet transmissions use TCP/IP, 5% use UDP, other protocols are basically not use.

A protocol is a technology that can be easily amended and improved, but it's also a technology which derived its usefulness from the number of machines using it. Even if you create something vastly better than TCP/IP for conveying data to other computer, good luck trying to overcome TCP/IP which is used basically by every computer on the planet.

I don't think you quite get what in saying
full member
Activity: 182
Merit: 100
March 19, 2014, 09:15:36 PM
#10
When we start running out of bitcoin addresses, we are going to need to switch to Bitcoinv6. There will be enough addresses for every atom in every neighboring universe on every possible dimension. Roll Eyes
newbie
Activity: 4
Merit: 0
March 19, 2014, 09:08:25 PM
#9
Definitely will happen but not in those black and white outcomes, a better comparison as a breakthrough innovation are Tesla cars in the automotive industry, as improvements and updates are pushed real time to adapt.
legendary
Activity: 861
Merit: 1010
March 19, 2014, 08:41:36 PM
#8
Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

So what is Litecoin or any other alt?
There can't me multiple technologies all serving the same purpose.
Bitcoins concept is the technology. It's being used by other cryptos though.
Only a few can dominate and all I'm saying is that could bitcoin be overtaken by something it indirectly created?
Bitcoin is TCP/IP, LTC is UDP, other altcoins are other protocol.

95% of internet transmissions use TCP/IP, 5% use UDP, other protocols are basically not use.

A protocol is a technology that can be easily amended and improved, but it's also a technology which derived its usefulness from the number of machines using it. Even if you create something vastly better than TCP/IP for conveying data to other computer, good luck trying to overcome TCP/IP which is used basically by every computer on the planet.
legendary
Activity: 3178
Merit: 1348
March 19, 2014, 08:26:07 PM
#7
Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

So what is Litecoin or any other alt?
There can't me multiple technologies all serving the same purpose.
Bitcoins concept is the technology. It's being used by other cryptos though.
Only a few can dominate and all I'm saying is that could bitcoin be overtaken by something it indirectly created?
newbie
Activity: 39
Merit: 0
March 19, 2014, 08:23:03 PM
#6
Was just thinking and would like to know everyones thoughts.
This is just a fun debate. Nothing serious.

Would it be right to call Bitcoin and Litecoin the crypto equivalent of what Nokia was to the mobile phone market.
At the start, Nokia was the pioneer and innovation behind mobile phones.
However, after a long dominant streak, Apple and Samsung have outgrown what Nokia was and have dominated the market.
Could the same be true with BTC and LTC?

They were the founding cryptos. These other alts don't offer much competition. BTC and LTC will for the foreseeable future remain on top.
However, what's the likelihood of a new alt slowly growing and ultimately succeeding both BTC and LTC?

If so, when do you see this happening?

Just some weird thought a guy riding a unicorn on the moon told me Wink

Assuming that your analogy is correct, which my opinion is that it isn't, I certainly will not tell anyone if i know when or who is going to replace Bitcoin.
newbie
Activity: 56
Merit: 0
March 19, 2014, 08:08:12 PM
#5
Bitcoin != Nokia

Paypal = Nokia

While bitcoin may not be a Nokia, it sure as heck could become a blackberry if it doesn't evolve.

I'm puzzled as to how the core BTC team sees Bitcoin working for most transactions. Last I checked I didn't have to wait 10 minutes at a convenience store for my Visa to pre-auth.

Many altcoins (Litecoin included) try to address this slow confirmation timeframe.

As it currently is, a Bitcoin is a better ACH not a better Visa.
legendary
Activity: 861
Merit: 1010
March 19, 2014, 08:07:22 PM
#4
Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.
hero member
Activity: 802
Merit: 1003
GCVMMWH
March 19, 2014, 08:04:04 PM
#3
Oh hold on: Dick York, Dick Sargent, Sergeant York... Wow, that's weird.
member
Activity: 86
Merit: 10
March 19, 2014, 07:55:23 PM
#2
Bitcoin != Nokia

Paypal = Nokia
legendary
Activity: 3178
Merit: 1348
March 19, 2014, 07:33:39 PM
#1
Was just thinking and would like to know everyones thoughts.
This is just a fun debate. Nothing serious.

Would it be right to call Bitcoin and Litecoin the crypto equivalent of what Nokia was to the mobile phone market.
At the start, Nokia was the pioneer and innovation behind mobile phones.
However, after a long dominant streak, Apple and Samsung have outgrown what Nokia was and have dominated the market.
Could the same be true with BTC and LTC?

They were the founding cryptos. These other alts don't offer much competition. BTC and LTC will for the foreseeable future remain on top.
However, what's the likelihood of a new alt slowly growing and ultimately succeeding both BTC and LTC?

If so, when do you see this happening?

Just some weird thought a guy riding a unicorn on the moon told me Wink
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