Topic: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions! - page 3. (Read 10495 times)

Altcoins are basically useless except for demonstrating/testing out new ideas or perhaps as a fork if Bitcoin got too corrupted.

Not the point. The concept of "e-cash" has been around since the 1990s. Bitcoin's very algoroithm, SHA256 was not developed by Nakamoto. So when people say "all altcoins are trying to reinvent the wheel", they're wrong and need to go do some research, because for all intents and purposes, Bitcoin is an "altcoin".

Steller is not for banks, and as i clearly said i would not buy into ripple. There are many good decentralized coins though that will shine threw in the coming year or 2. We just need to keep a eye on it which is easier said than done with the amount of alts that are out.

None of those are decentralized, they're coins made for banks. Don't fall for it.

If ripple distribution was better then it would not be in as bad shape as it is that is the only reason i would not buy into it, stellar is a good coin and good dev team better distribution and i think will have some big things happen in the future. All in all there are to many good altcoins to mention i would never say never about the top dog being knocked down a peg 

None were decentralized.

There have been other digital "currencies" before Bitcoin, so Satoshi essentially reinvented the wheel as well. In fact, every invention that came after the discovery of fire and the making of the wheel, is what we deem "reinventing the wheel", as we base and grow inventions based upon what others invented in the past.

If only for the sake of them wanting to have a place in history, and trying to do so by reinventing Satoshi's wheel, then I am going to have to go with Bitcoin and Sidechains.

Satoshi was smart enough to not let people know who he was so that everyone can remember than Bitcoin was not just about him being rich and famous (I'm pretty sure he's rich, and will be famous when he comes out after Bitcoin possibly becoming the status quo - at least he still had the patience to wait and test the waters).

Furthermore, making a Sidechain that solves or adds value is another way to have a place in history. To argue otherwise would be like saying all of IBMs achievements belong to Alan Turing. Yeah, IBM owes its success to the giants that shouldered them, but let's not be naive.

I am not for or against alt coins, but I am for utilizing cooperation. I think sidechains could do this.

I thought altcoins were only used as proof of concept and for bitcoin to improve upon. I don't see them as distractions.

I honestly think there has to be a better option for a large group of people.

Bitcoin has some seriously fucked up shit with it atm.

I think Bitcoin just has the most blind cheerleaders who have become so used to the fact that some mystery owner out there has millions of Bitcoins for near free, No telling what MTGox actually walked with and who the fuck knows how much cocaine the USA Government actually sold for BTC early in the game.

Then you got the argument of the 1MB vs 20MB... I think Bitcoin is in a really good position to get what I call the "Blackberry Effect". 

It's not about a ALT vs BTC thing to me tbh. It seems like a contest with a lot of the alt tards or Bitcoin fan boy fgt wanna be banksters.

I do understand about the spreading to thin thing.  Altcoins are bad as far as that... That's why I fux with CLAMS that where given out for free to all Bitcoin, Litecoin and Dogecoin addresses that where over dust.  I see this move as a way to bring a lot of folks under one roof per say... which is pretty much what Bitcoins main power is anyways.  Proof of stake based on proof of work is a interesting way of testing PoS anyways at least.

As long as Cryptos work hand in hand to make each other better rather than see it as a contest I think it will make for a much better Bitcoin future.

There's your problem, everyone chooses different shitcoin so you dilute yourself and waste money, effort, time, skill and marketing. While you give away your Bitcoin. There's a new shitcoin every hour.

Bitcoin is the best coin by so far that the coinbase CEO has a point.

 

Dogecoin: Litecoins lil bitch that coughs up 3000 BTC a year fo eva.
Darkcoin: Yet another anon P&D coin.

All altcoins are useless and their features should be incorporated into Bitcoin.

The only coins which have a future are:
Dogecoin: Easy Adoption
Darkcoin: Anonymity and Instant TX.

All that altcoins' features can be merged to bitcoin, the only difference is the network power

Strange reply from the forums biggest litecoin troll, author of the lets get as much attention for my psychological troll disorder thread "litecoin is officially dead" that deletes any positive litecoin posts?

Which is fully correct approach. I think both communities (bitcoin-only and altcoiners) have the common root and should not waste time on meme wars. that brings nothing. Instead developing bitcoin on one hand and thinking about new solutions on the other is what will benefit all of us , in this so far,  fiat currency-based world.

People are there mostly to make quick buck and nothing else. It's not about the future of the new altcoin that matters but it's about who gets in first and who gets out fast and finally the difference is who ends up winner and the other bag holders. Sadly this has been the scenario surrounding all the altcoin thus far.

That's just a Twitter of Brian Armstrong.
Bitcoin is #1, that's a fact, anyone can see that.
Stellar? That's not a coin, you cannot mine it.
Some serious alt coins are still in game and it is still Bitcoin leadership.
But once digital currency gets adopted, it will be clear which one will stay.

People are still waiting for that one bright idea.
The altcoin which can emerge as a bitcoin killer.
That is why they keep investing in alts.