For the most part the alt cryptos are a waste of time. Until bitcoin catches on mainstream what's the point of having the alts?
Because Bitcoin isn't perfect and one of these new coins might be more suitable that takes off.
I am new to Bitcoin but already I have seen quite a few things that are "wrong" with it that will prevent it from ever being widely used imo. I can't see my mom or dad ever figuring out how to use Bitcoin.
What's "wrong" with bitcoin? I'm just curious as the newbies always have entertaining responses. Sad to say but pretty much every argument has been shut down at one point or another, I'm wondering if you have something new.
For one the currency has way too much fluctuation. How can somebody reliable accept a coin today at the $260 price then the next day have it be worth $60. Then a few days later it's back up to $120.
Other currencies fluctuate but not to that extreme except in rare circumstances like catastrophes. I noticed from looking at the charts that this latest fluctuation is a fluke and not the norm. However swings like that don't entrust confidence in a currency.
The ability to cause the currency to fluctuate by attacking a central exchange like Mt. Gox. Means to me that Mt. Gox has become too "powerful/necessary" to the currency.
Having to download a 6GB file on your pc to use the wallet. I assume this file will only get bigger as time goes on since it keeps track of every single transaction. I know there are "banks" or exchanges that you can have accounts at that will hold that information for you but then they are no more secure then my mom's password of password.
Just some ramblings by somebody who probably rambles more about things he doesn't understand than he should.
