Do you see alts have chances against Bitcoins? - page 85.

Xester

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Quote from: jubalix on April 14, 2017, 09:05:26 PM

frankly...yes

the percentage of btc domination has been only one way.

while not the whole story, unless btc can sort out the segwit, then LN, and make block size about 8MB/16 M as Coblee seems to think 400M users can be served with 1MB/segwit/LN, but still to expensive, so we need 8MB to 16 MB blocks at least to make it usable.

ETH shows just how much the market share can be taken.

Btc may have advantages being the settlement layer.

That is very far from happening. Etherium cannot replace and overcome bitcoin. Though there are many problem behind bitcoin network but there are solutions waiting in-line to make bitcoin work better and stronger. If you look at the value of bitcoin you can say that bitcoin is still strong amidst the issues and will continue to strive and will continue to exist as the best crytpcurrency online.

lemonade09

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Maybe, we cannot just ignore alts coins because it's also having a growth we cannot denie that altcoin also cost a few money almost a half or more of a bitcoin that means they are also profitable..
We know that some solo miners mined alt coins instead of bitcoin in my opinion some of the alt coins can be succesful also like bitcoin but i dont think one of the alt coins wilsurpass the bitcoin success.

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Quote from: AjithBtc on April 14, 2017, 09:17:19 PM

Nothing seems to be assured with the cryptocurrency network. So it too have got a chance, because in the past everything happened based on bitcoin following its growth path serving as an alternate. Now things were different that each altcoin has got something unique to move forward overcoming the other. So crossing the obstacles is the thing that's required for success.

No matter how bitcoin takes its path, no altcoin can beat it since it is the only coin which has unique, most secured feature, can be traded with other crypto coins, altcoins, and fiat money. These characteristics can be have all by only bitcoin giving it a reason not to be beaten by other crtpyo currency, and altocoins.

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Nothing seems to be assured with the cryptocurrency network. So it too have got a chance, because in the past everything happened based on bitcoin following its growth path serving as an alternate. Now things were different that each altcoin has got something unique to move forward overcoming the other. So crossing the obstacles is the thing that's required for success.

OROBTC

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Quote from: richardsNY on April 14, 2017, 05:41:51 PM

Quote from: currentvalue on April 14, 2017, 05:21:45 PM

Bitcoin dominance was around 90% for a long while, now it has dropped to 67.5%. A lot of money has been put into alt coins. Also the number of coins with more than 10 million USD value has risen.

This means we're getting less dependable on BTC and in the future more coins will have a billion marketcap. The total marketcap of 28 billion total in crypto is peanuts on a global economy's scale.

It has all to do with how things are going with uncertainties around the potential chain split -- people use altcoins to hedge Bitcoin. I am sure that if there was no threat and Bitcoin has reached consensus, altcoins wouldn't be pumped up so badly. That's why I consider altcoins to sit in a massive bubble. Bubble will continue to grow as long as there is no scaling solution. From there I wouldn't be surprised to see Bitcoin's dominance in percentages go down further.

Yeah, that's my take too, FWIW (which is not much).

The uncertainties are meaningful here, Bitcoin is in danger that the Bitcoin PTB may fuck it all up with their senseless civil war.

It is also somewhat rare for "first player advantage" to last forever. Bitcoin will probably NOT be the end-solution (IMO) as it will be hard to use on a massive scale for a very long time. An altcoin could very well pop-up somewhere that has one or more real advantages over BTC. One that I am keeping an eye on is AnonyMint's/iamnotback's alt.....

* * *

European Central Bank and jonald_fyookball appear to have nailed an important point as well: perhaps BTC cannot be fast & cheap & secure, perhaps one coin cannot do it all.

European Central Bank

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Quote from: jonald_fyookball on April 14, 2017, 09:05:36 PM

I never saw that link. thanks.

here's the source http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin/

and i didn't say that's what he wanted. surely no one does. but voicing that opinion is kind of alarming, especially among the people in this area. then again it's probably what a bunch of other people are thinking too.

zeze18

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I guess alt has great potential to compete with the Bitcoin market, but it takes a long time and the process depends on the coin developer
growth and development faster bitcoin achieved through a solid working mechanism of the developer

jonald_fyookball

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Quote from: European Central Bank on April 14, 2017, 08:45:39 PM

Quote from: jonald_fyookball on April 14, 2017, 08:38:00 PM

he never said that. stop lying.

uh huh

https://www.reddit.com/r/btc/comments/4it2cu/roger_ver_paypal_20_is_an_acceptable_risk_for/?sort=new

https://soundcloud.com/heryptohow/roger-ver-cody-wilson-chris-odom-brian-deery-and-chris-david

https://soundcloud.com/roger-ver

but don't let his own words stop your denial. i don't think anything will any more.

I never saw that link. thanks.

here's the source http://coinjournal.net/roger-ver-paypal-acceptable-risk-bitcoin/

jubalix

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frankly...yes

the percentage of btc domination has been only one way.

while not the whole story, unless btc can sort out the segwit, then LN, and make block size about 8MB/16 M as Coblee seems to think 400M users can be served with 1MB/segwit/LN, but still to expensive, so we need 8MB to 16 MB blocks at least to make it usable.

ETH shows just how much the market share can be taken.

Btc may have advantages being the settlement layer.

robelneo

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Quote from: Stedsm on April 14, 2017, 02:49:21 PM

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

There's a possibility unless bitcoin developers get their act together and solve this issues,but in the case of bitcoin harming it's dignity I don't think so because the price is still growing steadily that means the trust is still intact,altcoins are good alternative and many merchants are now using it .

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Quote from: U2 on April 14, 2017, 07:56:13 PM

Truly anonymous cryptocurrencies and currencies that aren't just clones of bitcoins have a huge chance to be something big in the near future. If you're looking to get rich quick you'll need to invest a decent amount, cross your fingers and hope that certain altcoin goes to the moon.

No one can predict which one. And it's not about the investments or returns. It's about the usage of the money like we were using Bitcoin. We had started using Bitcoin for every regular buying n other stuff but now we can't, even if businesses start using altcoins, people changing their stance from Bitcoin to altcoin is very much impossible.
We need to find a solution for the present situation, rather thinking about altcoins.

hermanhs09

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Quote from: Stedsm on April 14, 2017, 02:49:21 PM

I have been seeing Bitcoins' price rising with a stability in its growth, but due to the higher mining fee that is being levied on transactions these days, big businesses are now moving their funds towards alts and taking advantage with their least fees as well as shaping a completely new economy in the trends of altcoin markets. Do you think this may harm Bitcoin's dignity and open up a chance in real for alts to rise?

They do have a chance.

If bitcoin can't survive the hard fork that is coming up supposedly then obviously a lot of investors will jump onto altcoins as soon as bitcoin breaks apart. For example, Ethereum has had a lot of boost in its marketcap because of bitcoin's infighting these days, and the bitcoin dominance percentage has dropped to 60-70% instead of 90% usually.

But i think it's unlikely. Bitcoin should remain the top coin for a long while at least.

European Central Bank

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Quote from: jonald_fyookball on April 14, 2017, 08:38:00 PM

he never said that. stop lying.

uh huh

https://www.reddit.com/r/btc/comments/4it2cu/roger_ver_paypal_20_is_an_acceptable_risk_for/?sort=new

https://soundcloud.com/heryptohow/roger-ver-cody-wilson-chris-odom-brian-deery-and-chris-david

https://soundcloud.com/roger-ver

but don't let his own words stop your denial. i don't think anything will any more.

jonald_fyookball

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Quote from: European Central Bank on April 14, 2017, 07:46:55 PM

roger ver saying he's willing to risk turning it into paypal 2.0 then that's not good enough.

he never said that. stop lying.

deppil

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Quote from: terrate on April 14, 2017, 05:43:05 PM

no chance. because bitcoin is like run gold.
do u see silver can surpass bitcoin, no.

But if big transfer, doge will be less risk.
altcoin only play as a sub.

I also agree with you, bitcoin is too strong compared to altcoin so would not be possible for altcoin to replace the position of bitcoin? besides the already comfortable

U2

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I used to be indecisive, but now I'm not sure...

Truly anonymous cryptocurrencies and currencies that aren't just clones of bitcoins have a huge chance to be something big in the near future. If you're looking to get rich quick you'll need to invest a decent amount, cross your fingers and hope that certain altcoin goes to the moon.

European Central Bank

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Quote from: jonald_fyookball on April 14, 2017, 07:11:58 PM

It's pretty ironic.

Bitcoin was in a position of "you got this, just don't fuck it up and you'll stay the king".

And guess what, we are fucking it up royally by turning a system of 'cheap fast transactions'
into 'slow and expensive'.

i think as time has gone on it's become clearer that we can't have it all. it's already crazily centralised and when you hear roger ver saying he's willing to risk turning it into paypal 2.0 then that's not good enough.

there's a bunch of people to blame for the current situation but the alternative solutions so far don't cut it.

xuan87

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I would say yes, bitcoin also start from zero with no popularity and able to survive until now because there are user that used it for transaction, when the user feel bitcoin is not useful anymore they will dump bitcoin and look for another coin, we can see few weeks ago when bitcoin price fall down, a lot of alt coin price go up, this indicate that there are a lot user buying alt coin for investment, so there is a possibility for alt coin replacing bitcoin, but it is not that easy

Barbut

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Very nice question you have here. I believe people will be divided on this one, many see bitcoin as a stronghold that no one can conquer. Some things last forever some don't, that is reality, and about bitcoin I think that bitcoin doesn't have decent opponent in any altcoin. That is my opinion in this moment and that can be changed if situation requires.
There is alts that worth attention, and most of us agree that its hard to predict the future, so things can change very fast. For now alts are far away behind bitcoin, buy will it stay like that in next 10 years when people starting to be aware of crypto currencies. Bitcoin opened some new era, that is a fact, but do kings stay kings forever?

jonald_fyookball

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It's pretty ironic.

Bitcoin was in a position of "you got this, just don't fuck it up and you'll stay the king".

And guess what, we are fucking it up royally by turning a system of 'cheap fast transactions'
into 'slow and expensive'.

I think you know who's fault this is.

Hint: It's not Roger Ver, Jihan Wu, Mike Hearn, Gavin, miners, or Bitcoin unlimited.

Topic: Do you see alts have chances against Bitcoins? - page 85. (Read 51050 times)