Topic: Do we Need Altcoin? - page 141. (Read 23653 times)

altcoins are definitely needed. Different altcoins serve for different tasks. For example, transactions between exchanges can be done by altcoins. This is faster and cheaper than in bitcoin.

Of course, we need altcoins, because altcoyins are projects that want to make the world of people much better than it is now, people do not ask for their implementation so much, so I think they are needed. But most of them, it's certainly a simple deception.

I believe that a lot of alternative coins are created only for speculation. And society does not need such coins  so they are useless. But there are projects with a real product that can significantly improve people's lives.

I agree on the things you are saying on here which is actually true because bitcoin cant really be applied in all aspects seeing on its current flaws which there are altcoins would really patch up that flaw and dev or teams are trying out to make coins which will be suitable on peoples needs when it comes to those areas.Not only that in terms of usability but also into money making opportunity its better to have alts to extent the possibility on making even more money.

Of Course, we need alctcoins. At first: each altcoin has individual properties, what determines its technology. Secondly: everyone has it can become rich or very rich  everyone has a chance, many chances

 

Bitcoin is a universal digital coin, however it is practically not suitable for use in a narrow sphere of our life. Altkoins eliminate these shortcomings of bitcoin and, as it were, supplement the scope of application of crypto currency. This applies primarily to tokens released as a result of the ICO. These coins are generally very useful, although their number is already more than a thousand. Their potential is still very huge and the scope of their application is manifold. Therefore, altcoins are very necessary for a person and they are just beginning to develop.

Of course we need Altcoins. Bitcoin is a great crypto currency, but there are a lot of Altcoins which offer new opportunities and Bitcoin doesn`t. Everything depends on what you need. On this basis, you should choose which crypto currency it is best to use for your needs.

We shouldn't really mix the terms fiat, currency and cryptocurrency as they all classify a completely different thing.
Currency is a money accepted in one country as an official instrument for making payments.
Fiat is a form of a currency - it is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
Finally a cryptocurrency is not a currency (hence actually the term "cryptocurrency" is a misnomer) but a form of money - digital and based on a blockchain.

That being said the comparison is good in a way that it is true that we need a diversity. First - investment diversity, and second - technological diversity (as we are still not sure which technology is the ultimate, the best... maybe each can find it's use elsewhere?).

Other currencies are required because of the fact that by having it's own currency an country can have (the fact that most of them actually don't have is a different story) a control over the supply of the money (the sole purpose of it being to back up all goods and services and hence make the exchange possible). The world can accept one cryptocurrency as an alternate investment opportunity - like gold or a stock, or as token (instruments used for payments inside an community), or an ultimate currency... or each country can choose a different cryptocurrency to exist instead or coexist with their (fiat) currency etc. The possible combinations are almost unlimited.

Yes, sure we need altcoins. Each of the altcoins represents a separate project and in each area where blockchain technology is used different projects are needed.

Infact I saw a lots of coin already on coinmarketcap. It is interesting to see that all the coin has some liquidity and that suggest community support for those coin.

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Good altcoins are not limited to the top 10, in fact I have strong doubts on the future of some of those like XRP.

Some of the best projects are still undervalued and therefore outside of the main focus.

We need altcoins but serious and honest projects, not the new scams that marketed everyday. We have now 1552 coins listed... WTF?

Well right now we need altcoins and certanly we need good projects that are aiming the crypto market and consumers. Even now there are amazing alts out here and I'm sure it's no point to list some because we can look at top 10 coinmarketcap and you have them.

The blockchain of Bitcoin can't and shan't have all possible functions. The greatest priority is given to safety. Than more properties and functions has a blockchain, especially the platform is vulnerable. Building-up of functions in a blockchain requires time for careful debugging of a code. Therefore each serious update of the platform takes so much time for implementation. Therefore there is a fixed release of new coins to functions and properties which the bitcoin doesn't have. Also there will be in the market those coins which will be successfully checked by time and demand for the qualities and functions.

Others they except for bitcoin are not necessary because they are only branches. But Bitcoin This is a real icon

I would say Yes, at least for the sake of diversity! Coins with a strong community can do particularly well. In some cases, a community builder will work alongside the coins technical mastermind, focusing on marshalling a group of people together and making things happen. It’s hard not to respect these coins.

Its like you are asking now that we have internet and email, do we need to keep on trying to make new products. Answer is of course yes. Blockchain has huge potential and the next google or yahoo would be a blockchain backed company.

There will always be more altcoins because the blockchain technology has given everyone the idea that they can create any project with blockchain even when it does not need it.

Yes, we still need altcoins. As we know that mostly altcoins are cheaper than bitcoin and its hardforks. Every coin has a very small price at the beginning  and some of them shows a very good rise in a very short time.In my opinion ethereum is the next bitcoin which is an altcoin that we needed .It has a very good future.

yes we still need altcoin.altcoin for trading.ive always use altcoin for my trading.only i sue ethereum to sell my token and trade to bitcoin.we still need altcoin.also ethereum gives me a lot of money.