Topic: Bitcore Is 40X Faster Than Bitcoin, Yet 4000X Cheaper? - page 2. (Read 516 times)

Of course.. bitcoin has all the branding.

What im really looking at here tho is comparing it to the different altcoins.

Bitcoin cash is the best example.. it's like $800 or so -  Why?

Cause it was shilled by roger ver like nothing.

Bitcore is only $2 or so.. if i was looking for a new coin to invest in it would be bitcore as apposed to bitcoin cash.. simply based on the fact the earning potential is much higher with bitcore at this point in time.

whatever ETH is, it is NOT a  bitcoin alternative because they are not in the same category. bitcoin is a currency made to perform as a global payment system while ethereum is a platform made to perform as a blockchain for smart contracts.

when you are making a distributed ledger and claim to be decentralized you have to consider the fact that regular users have to be able to run the full node and store that distributed ledger so that you can have a perfectly decentralized system.
when the size of the whole blockchain is gigantic (above 1 TB for ethereum right now) and the average user doesn't have that much space to waste for the blockchain (it is 140 GB for bitcoin) they end up using third party services like MEW and after a while only a handful of people (usually exchanges and the foundation) run a node and that is the source of centralization because from then on you have to connect to that centralized node and push your transaction and they can easily deny your tx, ask for more money (bribe), change anything they want in the protocol,... meaning full centralization.

and it is not just about the size it is all the other resources that it takes. like your RAM to load the large data in it, all the CPU power it takes to verify the blocks, relay transactions, ... all the internet traffic that it takes so unless you are on a no-cap internet you will waste a lot of your traffic running a node and a lot more.

And then it may better of you remove the bitcoin from the table of comparison. It looks like bitcoin should be included on the exceptional to be added on your list.
I would like to see bitcoin core replace bitcoin cash rather than aiming to compete with bitcoin 

I don't think it has anything to do with speed.
Many altcoin is much faster than bitcoin. However, bitcoin is still the market leader, and the market only recognizes the value of bitcoin.

Waoh never thought of this
also the size of the blockchain will grow 4 times faster in other words bitcoin blockchain size after 9 years is about 144 GB and BTX in 4 years could have 576 GB which is huge.

Kinda impress with your sharing

But why would ETH not last long in your case? I assumed ETH is kinda a good Bitcoin alternatives to replace it if we doesn't have coins like NEO, Waves, EOS

And you have heard of bitcore now too, right

Bitcore will be the same as Bitcoin Cash and Bitcoin Gold, can not be called a breakthrough that will outperform various aspects like Bitcoin, long forgotten because the hype on Bitcoin Cash ends with good technology, good teams, and good marketing, everyone hopes to follow a trace like Bitcoin, but in fact it does not, it all feels no different from altcoin, which is only trustworthy today is Bitcoin, decentralization, the ease that makes it more liberal for every user, does not have any accidental good, most people talk imitations are so unlikely to be able to grow with fast outside Bitcoin.

Yes brand recognition is one of the most important things, for sure

The main thing today is not some sky-high figures of speed, but a worldwide recognition. Bitcoin is a brand that everyone will know. Crypto currency? Yes, I heard about bitcoin. This is the whole point.

Not strong enough to defeat bitcoin until the user prove it by theirself.
Many statement like this like bitcoincash will defeat bitcoin, even the CEO of bitcoin itself said that.
But people still trust bitcoin rather than other coin

I always promote bitcore here even they not already run a campaign here in forum because i see this in faucets that grow and drops then trading site so this is good for investment i also trade my btc in faucethub.io to btx base of the development like now that they promote this here in forum so there's a possible that this will grow then OP no need to compare btc to btx they have worth for investment

i think this is not about the transaction speed, but this is about the trust of peoples who hold bitcoin.
Many peoples use bitcoin more than bitcore thats why it is more expensive.
Bitcoin has been bought and sold for ten years, peoples bought and sold higher, so it can be this expensive.

Here is a good video that shows you how to mine Bitcore on a GPU.

https://www.youtube.com/watch?v=bTukbd-P4cE

Bitcore doesn't need to replace bitcoin, I don't expect any coin to replace bitcoin.
But btx can replace a lot of other coins.


You need to be high ranked though.

There is also bitcore signature campaign, so theoretically one can earn this coin for posts.
Answering the op, bitcore is fast indeed, but it is not just about speed, because there are many fast coins about which nobody really cares. While bitcore logo looks nice and there are people believing in the project, the main opinion on it is probably that the team is weak and the project lacks a central idea, innovation or product. Moreover, as bitcore is still a blockchain-based coin, it means that the transactions there are, the slower and more expensive they become. Plus, as there aren't many users, we can't be sure whether it is stable enough and bug-free.

It's not just about being fast and technologically advanced.
The thing that counts more in crypto world are decentralization, community,  trust and for the part of bitcoin legacy.
Nearly all of modern coin are more advanced than bitcoin but in bitcoin is still a synonym for cryptocurrency.

Stainless Steel has about 4x higher tensile strength than Gold but gold is about 30x more expensive than AISI 430 stainless steel for instance. that doesn't make gold better than SS when it comes to using it in a corrosive environment!

when it comes to a cryptocurrency, the settings that bitcoin has are not just some random numbers set there to have some sort of attribute for no reason. there is a lot of reasons most of them security related.
for instance having a 4x faster (10 min / 2.5 min is 4x  not 40x by the way) blocks means having that much more orphaned blocks. and orphaned blocks means 1 confirmation in BTX is 10000 times less secure than 1 confirmation in BTC because 1 conf. in bitcoin means 99.99% chance that it is final but not BTX.
not to mention that the money loss for miners is that much higher.
also the size of the blockchain will grow 4 times faster in other words bitcoin blockchain size after 9 years is about 144 GB and BTX in 4 years could have 576 GB which is huge. not to mention that the block size of BTX is 10 MB which means the total final blockchain size if BTX was around 9 years ago would have been nearly 6 TB. would you buy a 6  TB hard disk just to run a BTX full node? the answer is no and the result is centralization.

this is why it is 40000x cheaper. and this is why other altcoins are also cheaper,... and coins like BCH, ETH... won't live in the long run.

now the misleading part for you is that you look at the max block size but the reality is that coins like BCH, BTX,... don't practically have that much size. what they have is 400 byte to 1000 byte blocks while bitcoin continues having 1200000-1600000 bytes blocks

I can mine 5.5 coins per year on my CPU alone, if they ever become worth something that is some good profit for such little mining power..

Yeah it would be hard for any of them to surpass bitcoin. I guess the only way is if it some how they become more popular - but nearly every website or application is built based on bitcoin so i don't see that happening too easily.

Although maybe if somehow bitcoin could be seen as racist - that always seems to get everyone really upset these days and could drop the prices LOL..

Sadly the air drops are over, but i found this cool web based miner you should check out.. i wrote this article and if you take a look at the mining rewards over time if this coin price increases, it could be very profitable.

http://blogforbitcoin.com/here-is-why-you-should-use-this-web-based-bitcore-miner