Bitcoin cannot make alts useles in my opinion, there are some alts that will die completely or become useless, yes, but there are some good alts with very good use cases which can do very well without Bitcoin.
2018 for me will be about delivery on use cases and providing real life solutions
Topic: Bitcoin making alts useless - page 14. (Read 1695 times)
I don't think Bitcoin is making alts useless, but it definitely impacts the success. Overall, if many people adopt certain alt coins then they aren't going to want to switch back when BTC gets it's stuff together. They will already be invested in the alts that they have become familiar with.
Pretty much everyone agrees that bitcoin is making other coins useless. Bitcoin is the poster child of cryptocurrencies, which allows other coins to thrive as well. Altcoins' success may be tied to bitcoin's performance, but that doesn't make altcoins useless at all.
I absolutely disagree with the statement that if there is bitcoin, then altcoyins are useless. Such a statement is unambiguously incorrect. Bitcoin is a universal coin that can not perform a variety of functions in different areas of our lives and perform the work that various altcoys are doing. Bitcoin now can not even cope fully with its small and few functions. The main role for man even now is not done by bitcoin, but altcoyins. Therefore, their diversity needs to be increased in the future, and the ICO should be supported unequivocally despite some shortcomings and risks for investors.
No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.
Yes, for now, and only for niche settings. And this is bound to rapidly change with LN, RS, and other implementations. That's what this thread is about.
No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.
Yes, for now, and only for niche settings. And this is bound to rapidly change with LN, RS, and other implementations. That's what this thread is about.
No way, just because bitcoin is making upgrades doesn't mean alts will go anywhere. Granted, a lot will probably die off, but there are still better options than btc.
Today this is exactly what happens, because bitcoin takes a dominant position in the crypto currency, if it loses its positions, then the altcoins will be free, but I still hope that this will not happen soon.
If you had read the OP you would've known by now that the price is not a measure of success. Prices going down doesn't mean that altcoins are useless. We're just seeing natural market movements right now.
Today this is exactly what happens, because bitcoin takes a dominant position in the crypto currency, if it loses its positions, then the altcoins will be free, but I still hope that this will not happen soon.
We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.
So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
I'm personally not in alts for "Bitcoin replacements", but from a perspective of a equity. With LN and Rootstock there will be little reason to use random platforms over Bitcoin itself. So if equity type coins end up on the Bitcoin blockchain I'll just shift my altcoin portfolio over. I just hope that we won't get to a point where KYC will be built-in. I don't want my finances to be out in public. So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
I think you're not exactly right. Many altcoins are unique, and have the functionality that bitcoin does not have. For example-Ethereum, it has smart contracts that are not yet provided for in bitcoin. Monero - it gives you the anonymity that can give bitcoin etc.
But those are some of the best alts out there, there are many alts that are not special at all and are only there to make money, they may try to fake it and say they have better technology than an established coin but most of the time that is not true, so while some alts are making great advances in their vision and technology most alts are not like that and the only thing you can do with them is to speculate with their prices, this is why you see many coins pumping once and then never recovering its previous glory. 
Bitcoin will always be the king of the crypto currency world. This will continue for a long time. Altcoins aren't as strong as Bitcoin.
Saying "Strong" - you mean expensive? He fall from $20K, where is "strength"?
I guess he can be called "King" because he is founder of cryptos and he's respected. But as many kings, in practical life he can be most useless.
Maybe you need to go to the books and get some history lesson on bitcoin. Because there is a downtrend now, that makes bitcoin weak right ? If it is by that, and the altcoin market decided to follow the trend as well, then that really makes them weaker and even more useless. Save me the strength story please.
I don't think so. BTC was intended to be p2p electronic money and slowly failing on it. Many altcoins already outperformed BTC. Many altcoins have special use cases in many different markets. For example ETH purpose to be world computer/platform for dApps etc.
Basically yes? Cause altcoins is depending on bitcoin, they depend on what state the bitcoin is, so thats why 
but i dont think that bitcoin really making altcoins useless, i mean why? Its not bitcoin fault. Bitcoin came here first. they are just basing on what bitcoin is. So definitely not bitcoins fault if altcoins are becoming useless.
but i dont think that bitcoin really making altcoins useless, i mean why? Its not bitcoin fault. Bitcoin came here first. they are just basing on what bitcoin is. So definitely not bitcoins fault if altcoins are becoming useless.
In my opinion Well, he never mentioned that some of them are not unique, but if we face it, just very few of them are. Most of the alts are there are just merely some cheap scams which some devs just dropped on shit exchanges to adulterate the market as they have no working product. Those with a working product should still be useful and will do well in their category, but looking at the larger scale here, they cannot definitely get to where bitcoin is or ever smell it.
The fact that bitcoin is still safer, it is the legacy coin and is in the eye of every investor, that would always make bitcoin stand out
The fact that bitcoin is still safer, it is the legacy coin and is in the eye of every investor, that would always make bitcoin stand out
I don't think you can make a case for bitcoin destroying altcoins when a lot of them occupy completely different niche markets than BTC. BTC is only a currency coin, many altcoins aren't even competing against it, so how could they be destroyed/made irrelevant by it. Doesn't make any sense.
if you take into account Bitcoin or Bitcoin cash And also such as Bitcoin Gold, then any of these coins or similar other counterparts do not make sense at all. I think that it is much more complicated and more important in the world of crypto-currencies are those coins that provide real projects.That's why escalating and scanning is properly do by the people who wish to invest on the alts since by looking on trend coins is not really good since anytime they might gonna dump badly enough and that could hurt us. And selecting good coins is really must for us since if we choose those coins who have existing project then we can have a little relief since they will not surely run off since they are earning success on this alt business.
Well, do not assume that bitcoin directly makes alternative coins useless. Bitcoin actually started before they were even created. Devs should have thought about it before.
There will always be an imbalance between Bitcoin and altcoins eventhough they have nearly same media exchanges. As bitcoin started earlier, it is used as the medium of exchange which will likely to have more benefits than alts. It will be more useful because it is more widely accepted and it will not end as it has a network effect.
It can grow and attract users more because it has larger market by a huge margin that makes it more effective to act as a currency.
There will always be an imbalance between Bitcoin and altcoins eventhough they have nearly same media exchanges. As bitcoin started earlier, it is used as the medium of exchange which will likely to have more benefits than alts. It will be more useful because it is more widely accepted and it will not end as it has a network effect.
It can grow and attract users more because it has larger market by a huge margin that makes it more effective to act as a currency.
i think yes , because the famous name "Bitcoin " then if bitcoin fall or rise rapidly another alt coin 90% will drop and like lost their foundation to keep the price up
There is one thing with the first mover and that is what bitcoin will always have. Firstly, there are so many alts in the market that it would take most of them a lot to be able to get out there to perform, and there is nothing that makes them different that cannot be implemented on bitcoin. The fact that bitcoin is still safer, it is the legacy coin and is in the eye of every investor, that would always make bitcoin stand out.
I think you're not exactly right. Many altcoins are unique, and have the functionality that bitcoin does not have. For example-Ethereum, it has smart contracts that are not yet provided for in bitcoin. Monero - it gives you the anonymity that can give bitcoin etc.
Well, he never mentioned that some of them are not unique, but if we face it, just very few of them are. Most of the alts are there are just merely some cheap scams which some devs just dropped on shit exchanges to adulterate the market as they have no working product. Those with a working product should still be useful and will do well in their category, but looking at the larger scale here, they cannot definitely get to where bitcoin is or ever smell it.My thought is that virtually huge percentage of alts has always been useless. Most of them have no product, no essence why they exist and it sucks to see them pollute the atmosphere, so as far as I am concerned they have always been useless.
The level of adoption bitcoin has gotten to, no alt have even managed to get to a low percentage of it, and bitcoin will always keep having protocol development with that first advantage, so at the end, that makes most of them useless.
I don't think you can make a case for bitcoin destroying altcoins when a lot of them occupy completely different niche markets than BTC. BTC is only a currency coin, many altcoins aren't even competing against it, so how could they be destroyed/made irrelevant by it. Doesn't make any sense.
if you take into account Bitcoin or Bitcoin cash And also such as Bitcoin Gold, then any of these coins or similar other counterparts do not make sense at all. I think that it is much more complicated and more important in the world of crypto-currencies are those coins that provide real projects. Jump to: