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Topic: Cryptocurrencies Uses - page 2. (Read 1612 times)

sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
July 25, 2014, 04:43:23 PM
#2
What are the fundamental differences to the total count of coins that can be mined or the process of mining?

Obviously BTC was first but are the subsequent alternatives more refined or more efficient?
member
Activity: 80
Merit: 10
July 25, 2014, 03:41:24 PM
#1
We know that there are alot of 2 or more of something. There are different countries, currencies, cars, and other items. I know Bitcoins and other cryptocurrencies can be used for anything but what about this (just an idea).

Bitcoins (highly secure but slower) = for high end and mid priced items like houses and cars

Litecoins (less secure but faster) = for lower priced items like computers and GPUs

Peercoins (no ending supply like fiat currencies) = for everyday use like buying coffee and snacks

Namecoins (for domains) = they're outside of ICANN control and thus avoid domain censorship

Primecoins (for science) = searches for prime numbers

Dogecoins (doge style) = for donations and sponsorships

Again, any of those cryptocurrencies can be used for anything.
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