Topic: If an altcoin were to overtake Bitcoin, which would it be? - page 3. (Read 5499 times)

XCP (#Counterparty) and NXT the ONLY  really decentralised 2nd gen cryptos (distributed is different than decentralisation)

And the most important - belongs to the community (unlike MSC, BTS, eMunie, Ethereum that are companies)

Quote
Bitcoin depends on a small network of mining nodes who support their operations by generating a fixed profit of 3600 bitcoins per day.  The available daily operating budget to keep Bitcoin from freezing up is thus $3.6M or less (at $1K/BTC or under) to  generate the current 25 million GHash/s needed daily.  A representative miner “pickaxe” is a Butterfly Labs Monarch costing $2000 and using 350W of power to produce 600 GHash/sec. Thus the current Bitcoin mining network has sunk unit infrastructure costs of at least $83 million and (at $0.10/KwH) ongoing electricity costs of at least $35,000 per day.  

Both costs are rising faster and faster. Exponential growth of Bitcoin’s hashrate (see blockchain.info/charts/hashrate) means mining rigs and energy use will skyrocket out of control, sooner rather than later.  Bitcoin, and clones like Doge, are thus by their very nature destined to fail.

NXT is the sustainable solution to this problem.  By using cooperative transparent forging, not competitive gigahash mining, NXT does not have an exponential forcing function at its core that drives its costs and energy consumption ever higher.  A NXT blockchain support network of 1000 Odroid U3 nodes has a one-time unit infrastructure cost of only $60 thousand and uses only $48 per day in electricity – forever.

Lol, so now everybody post his coin here, right?

I think Nxt or Ethereum make a huge splash this year. They could overtake Bitcoin in the coming years.

It is born 4 months ago and it' name is Betacoin and every home user
has turned his/her miners to Beta.

The Coin which will overtake Bitcoin is not born yet. Easy to understand, if a coin will overtake, we will see which.

It's a bit like altavista and google...there was not long time until we know: bye altavista, hello google.

Personally, I don't think dogecoin is going to go anywhere in the longrun. In the meantime it will continue to climb until the meme dies and the developers cash out.

Threads like this are both amusing and irritating after a while. Dogecoin, Earthcoin, Litecoin, Goldcoin, or 'whatever coin someone is invested in' is what people will reply with. There is no logic behind any of their answers. Maybe Beecoin, Fckcoin and Sexcoin will overtake Bitcoin too? 

A better thread, IF people could answer honestly, would be a discussion of what coin could surpass litecoin as the 2d most popular crypto? That is doable. Surpassing bitcoin at this stage seems unlikely by any existing coin.

has it not been around for a while...? or just completed now?

Dogecoin Facebook Tipbot is now operational.

The correct answer is somewhere around the middle of this article! 

http://altcoinpress.com/2014/02/california-passes-bill-declaring-cryptocurrency-legal-tender/

darkcoin is nothing, bitcoin itself can easily implement all of the things dark coin has if it chose to and quite easily too.

the problem is darkcoin is going to get itself banned and take down a lot of other crypto if not all of it. US have already said firmly they will NOT accept anon currency. Even BTC is getting pushed to be MORE transparent. Bitcoin will go more mainstream, it's price will increase as more businesses adopt it.



the coin to go past bitcoin is probably not here as yet, nxt could do this but i don't have many of those so i hope not.

then again any currency could just get super popular, one can never see the future.

I like litecoin but exceeding bitcoin is a big ask.  Primecoin could be a dark horse so could ppc.

Of course stranger things have happened than doge coming out on top. It offers nothing new but appeals to younger people and they are the bulk of incoming players.

It is litecoin obviously

If this were to ever happen it would be something so innovative we can't even comprehend the possibility of how amazing it would be. Because nothing that awesome has been created yet.

Litecoin will overtake bitcoin one day.

Still think Peercoin could have a good chance, along with Litecoin. Both have very active developers and communities behind them. Still dubious regarding Dogecoin, but perhaps something like Earthcoin could come from behind and overshoot it.

Services like Holy Transaction which can act as a payment processor similar to Bitpay will make a massive difference as to which coins can start to threaten Bitcoin's dominance. The more utilities and markets that coins can make use of, the better their chances of accomplishing this.

This is a waste of a post.  People are going to "talk their book".  By pure metrics LTC has the most utility in that next to BTC it is most accepted my merchants for transactions (not exchanges).  The next is FTC and then it falls off a cliff.

I was mining BTC in 2011, stopped paying attention for awhile, but now super excited about cryptocurrencies since the beginning of the year.
I've been doing lots of reading... so far Blakecoin and Gridcoin seem like the logical successors. And DOGE, of course.

Just like Linux or any open source based things ? I do not really think tha
t any of these current altcoins will overcome bitcoin, but in future maybe someone will develope something really groundbreaking. Also if you think about open source etc out of your box, you surely would understand that avarage Joes doesnt give a jack shit whether it is used or not.

I dont necassary understand what is the point in this altcoin, copycat etc discussion. Anyway the competition and free markets are allways good.

Any moron thinking that Ripple, Nxt, or any other commercially developed coin will ever gain ground against the endless army of free and happy bitcoin programmers and miners is really out of there mind.

Successful?