There are plenty of alts with merit, but at some point there has to be consensus about what to get behind, especially with something that can be replicated like BTC.
So far the weight of numbers have settled on bitcoin and a leading company in the space would be pretty dumb to start dabbling in weaker systems.
It's similar to domains. Why did .com become the most prestigious? All the others work just as well. It's only because people en masse decided to award it value.
And I don't think Ripple/ Stellar are bitcoin alternatives. They're a different beast.
Topic: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions! - page 11. (Read 10465 times)
February 23, 2015, 09:42:52 PM
February 23, 2015, 09:39:04 PM
MySpace was way too far ahead of Facebook, Twitter, Instagram and etc. They must be failures with hardly any users today.
Totally apples to oranges comparison there. Myspace is neither a network protocol, nor a form of currency.With Coinbase's attitude, they're gonna get replaced by another exchange that understands Bitcoin is just as alternative a currency as any other altcoin,
Rofl, what a monumental logical failure. First, Coinbase isn't even an exchange (yet). Second, they are the only service with 70 million dollars backing. Bitcoin has flaws, and some people are out there to improve upon them.
HTTP has flaws too, but for some strange reason no other protocol ever rose to compete with it. Why do you suppose that is?I'll give you a hint, both HTTP and Bitcoin are protocols which change and evolve over time. You don't need alternate versions of an entity which itself is capable of change.
There's a reason neanderthals are extinct, they were an inferior version of an evolving entity, utterly redundant. Natural selection did its work then, just as unnatural (market) selection will do to altcoins now.
Is coinbase not a USD-BTC exchange? Do you really think Bitcoin has a future? Exactly why should people use bitcoin Beliathon? You seem like just another overhyping, clueless, bitcoin fanboy.
"There's a reason neanderthals are extinct, they were an inferior version of an evolving entity, utterly redundant. Natural selection did its work then, just as unnatural (market) selection will do to altcoins now." - Quite the opposite reaction will occur.
February 23, 2015, 09:29:02 PM
MySpace was way too far ahead of Facebook, Twitter, Instagram and etc. They must be failures with hardly any users today.
Totally apples to oranges comparison there. Myspace is neither a network protocol, nor a form of currency.With Coinbase's attitude, they're gonna get replaced by another exchange that understands Bitcoin is just as alternative a currency as any other altcoin,
Rofl, what a monumental logical failure. First, Coinbase isn't even an exchange (yet). Second, they are the only service with 70 million dollars backing. Bitcoin has flaws, and some people are out there to improve upon them.
HTTP has flaws too, but for some strange reason no other protocol ever rose to compete with it. Why do you suppose that is?I'll give you a hint, both HTTP and Bitcoin are protocols which change and evolve over time. You don't need alternate versions of an entity which itself is capable of change.
There's a reason neanderthals are extinct, they were an inferior version of an evolving entity, utterly redundant. Natural selection did its work then, just as unnatural (market) selection will do to altcoins now.
February 23, 2015, 09:28:59 PM
With Coinbase's attitude, they're gonna get replaced by another exchange that understands Bitcoin is just as alternative a currency as any other altcoin, as the dominant currencies are FIAT(USD, EURO, etc).
Let's face the reality. Most "good" altcoin devs want to have a place in history, they want to make money, and they want to leave an impact on the world, and they can't do that through sidechains. Not to mention the huge economy based on other cryptocurrencie besides bitcoin, quite similar to stocks. Do you actually believe that they would give up on profitable trading for the sake of Bitcoin development? I think not. Bitcoin has flaws, and some people are out there to improve upon them down to the protocol level(Which is impossible to do with sidechains).
Good Luck Coinbase CEO, with that attitude I'm positive your exchange will not be the dominant one in the future.
Let's face the reality. Most "good" altcoin devs want to have a place in history, they want to make money, and they want to leave an impact on the world, and they can't do that through sidechains. Not to mention the huge economy based on other cryptocurrencie besides bitcoin, quite similar to stocks. Do you actually believe that they would give up on profitable trading for the sake of Bitcoin development? I think not. Bitcoin has flaws, and some people are out there to improve upon them down to the protocol level(Which is impossible to do with sidechains).
Good Luck Coinbase CEO, with that attitude I'm positive your exchange will not be the dominant one in the future.
February 23, 2015, 09:23:13 PM
I guess that's pretty much true. Although altcoins are fun and there's definitely money to be made if you know what you're doing, I hardly believe that they will ever compare to Bitcoin if Bitcoin is adopted as a worldwide currency, as it ought to be.
February 23, 2015, 09:20:33 PM
He is is right though and I agree with him. The average Joe on street or even my friends have a hard time understanding bitcoin and the concept behind it. Now imagine explaining the reason behind crappy altcoins like jackpotcoin or potcoin lol.
February 23, 2015, 09:16:36 PM
Hey coinbase ceo,let's say obvious things 
February 23, 2015, 09:08:06 PM
Maybe coinbase should try some Alts
February 23, 2015, 09:05:06 PM
https://twitter.com/brian_armstrong/status/569914763263606785
"Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains"
Seems he is a bitcoin maximalist!
"Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains"
Seems he is a bitcoin maximalist!
When you start mentioning others publicly in a negative way.... you're in trouble.
MySpace was way too far ahead of Facebook, Twitter, Instagram and etc. They must be failures with hardly any users today.
February 23, 2015, 08:56:33 PM
He just started the flame war! 
February 23, 2015, 08:46:32 PM
https://twitter.com/brian_armstrong/status/569914763263606785
"Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains"
Seems he is a bitcoin maximalist!
"Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains"
Seems he is a bitcoin maximalist!
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