Topic: if bitcoin dies, what alt would you go for? - page 3. (Read 11417 times)
Obviously , i prefer with litecoin and eth. There is some reason why I choose those alternatives coin. Fisrt, litecoin is first alternatives coin that it's trusted enough, Many people put invest into that coin. Second, ethereum has many communities users which make ethereum get stronger than other alternatives coin. The price of ethereum keep going to the moon time by time, also it's has potentially growing in the future.
I would go for for ETH or RDD.
ETH because is the second by value. RDD is kind of interesting because of the annual % that is Staked. So it acts like a bank in some sort and you have the coins in you. So if RDD have bigger value - demand I will go for it.
But if BTC dies this mean that most people will switch to other Altcoin with high demand in my opinion so the prices will go up fast. Or a lot of people will get mad and leave everything that go to the trash all the money and time.
My opinion ETH or RDD
.
ETH because is the second by value. RDD is kind of interesting because of the annual % that is Staked. So it acts like a bank in some sort and you have the coins in you. So if RDD have bigger value - demand I will go for it.
But if BTC dies this mean that most people will switch to other Altcoin with high demand in my opinion so the prices will go up fast. Or a lot of people will get mad and leave everything that go to the trash all the money and time.
My opinion ETH or RDD
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I prefer doge because of its low value making transaction fee cheaper than the others and doge still last long despite the low value, eth and ripple because it's just below bitcoin and is likely to compete with bitcoin in coinmarketcap
The first question I ask is:
1) What would be the most likely cause of Bitcoin's death?
The next question I ask is:
2) Which coin(s) (note I say coins not tokens) have a solution to (1) above?
I have been looking at question 1 above since 2011, when I first got involved with BItcoin, and I have come to the conclusion that the fixed 1 MB blocksize limit, and Bitcoin's inability to scale on the main chain is in fact the answer to question 1. Attacks on fungibility come in my opinion second. Furthermore second tier solutions such as the lighting network require scaling of the main chain in order to function, so while they do have very valid uses there are not a solution to the inability of the main chain to scale. At the heart of the problem lies the 21,000,000 XBT limit in Bitcoin, since this requires the eventual replacement of block rewards with fees to secure the proof of work. The trouble with this is: How does one make fees to rise? The answer becomes restricting the blocksize to create transaction scarcity. It is this that lies at the heart of Bitcoin's core opposition to increasing the blocksize. They are genuinely concerned about the long term security of Bitcoin and want to force the "fee market" while there is still enough block reward left to secure Bitcoin.
There is currently one coin among the top 10 in marketcap that has a solution to question 1 above, That is of course Monero. The reason is that Monero has both an adaptive blocksize limit and a minimum permanent emission of 0.6 XMR per block. The permanent emission ensures that Monero does not have to rely on a "fee market" in the future to secure the coin and fees can then be used to control the growth, via a market, of the blocksize by forcing the total amount of fees per block to compete with the emission. The net effect of this is that the total amount of fees per block becomes proportional to the emission so it becomes clear that fees can never replace the emission over the long term.
If one takes a look at other tokens one must first eliminate those tokens whose primary purpose in not their use as money. This does not mean that those tokens do not have value in their own right and may be worthy of investment and / or speculation. Examples of this are Ethereum, Ripple, NEM, Ethereum Classic and Stratis. This leaves Litecoin, Dash, Monero and Bytecoin as tokens that aim to be coins. Litecoin and Dash have fundamentally the same issue as Bitcoin. A fixed maximum number of coins and a fixed blolcksize. In reality all they offer is a "kick the can down the road" solution. Bytecoin is more interesting. It has the same adaptive blocksize limit as Monero but a finite number of coins. This is aggravated by a very fast emission curve and a pre - mine / ninja mine of over 80% of the max number of coins. The net result of this is a block reward that is already below Monero's permanent block reward and falling fast. I believe that it is simply a matter of time before Bytecoin is taken down by a 51% attack. It could also fall to one of the many attacks that Shelby Moore III has described under one of his many usernames in this forum. I know many in the Monero community see Bytecoin as the scam in the pre / ninja mine. I rather see Bytecoin as the canary in the coal mine, when one considers solutions such Bitcoin Unlimited. This air is getting more foul every 2 minutes and it is only a matter of time before the canary dies.
So what is left is Monero which also has the solution of a robust answer to the fungibility attacks on Bitcoin.
Edit: The Monero minimum emission is below 1% year inflation. This places it below the long term inflation rate of gold. For comparison it corresponds approximately to Bitcoin having a minimum emission of 3 XBT per block.
1) What would be the most likely cause of Bitcoin's death?
The next question I ask is:
2) Which coin(s) (note I say coins not tokens) have a solution to (1) above?
I have been looking at question 1 above since 2011, when I first got involved with BItcoin, and I have come to the conclusion that the fixed 1 MB blocksize limit, and Bitcoin's inability to scale on the main chain is in fact the answer to question 1. Attacks on fungibility come in my opinion second. Furthermore second tier solutions such as the lighting network require scaling of the main chain in order to function, so while they do have very valid uses there are not a solution to the inability of the main chain to scale. At the heart of the problem lies the 21,000,000 XBT limit in Bitcoin, since this requires the eventual replacement of block rewards with fees to secure the proof of work. The trouble with this is: How does one make fees to rise? The answer becomes restricting the blocksize to create transaction scarcity. It is this that lies at the heart of Bitcoin's core opposition to increasing the blocksize. They are genuinely concerned about the long term security of Bitcoin and want to force the "fee market" while there is still enough block reward left to secure Bitcoin.
There is currently one coin among the top 10 in marketcap that has a solution to question 1 above, That is of course Monero. The reason is that Monero has both an adaptive blocksize limit and a minimum permanent emission of 0.6 XMR per block. The permanent emission ensures that Monero does not have to rely on a "fee market" in the future to secure the coin and fees can then be used to control the growth, via a market, of the blocksize by forcing the total amount of fees per block to compete with the emission. The net effect of this is that the total amount of fees per block becomes proportional to the emission so it becomes clear that fees can never replace the emission over the long term.
If one takes a look at other tokens one must first eliminate those tokens whose primary purpose in not their use as money. This does not mean that those tokens do not have value in their own right and may be worthy of investment and / or speculation. Examples of this are Ethereum, Ripple, NEM, Ethereum Classic and Stratis. This leaves Litecoin, Dash, Monero and Bytecoin as tokens that aim to be coins. Litecoin and Dash have fundamentally the same issue as Bitcoin. A fixed maximum number of coins and a fixed blolcksize. In reality all they offer is a "kick the can down the road" solution. Bytecoin is more interesting. It has the same adaptive blocksize limit as Monero but a finite number of coins. This is aggravated by a very fast emission curve and a pre - mine / ninja mine of over 80% of the max number of coins. The net result of this is a block reward that is already below Monero's permanent block reward and falling fast. I believe that it is simply a matter of time before Bytecoin is taken down by a 51% attack. It could also fall to one of the many attacks that Shelby Moore III has described under one of his many usernames in this forum. I know many in the Monero community see Bytecoin as the scam in the pre / ninja mine. I rather see Bytecoin as the canary in the coal mine, when one considers solutions such Bitcoin Unlimited. This air is getting more foul every 2 minutes and it is only a matter of time before the canary dies.
So what is left is Monero which also has the solution of a robust answer to the fungibility attacks on Bitcoin.
Edit: The Monero minimum emission is below 1% year inflation. This places it below the long term inflation rate of gold. For comparison it corresponds approximately to Bitcoin having a minimum emission of 3 XBT per block.
LTC because it's an actually cryptocurrency and not pretending to be anything other than a type of money.
If it is true bitcoin die, then coin that I choose is Ethereum because Ethereum have stable rate like Bitcoin
I never thought that if Bitcoin dies, maybe everyone will ponder to see their Bitcoin, but I think it's impossible, because Bitcoin has a lot of big investors who always play in the Bitcoin trading market, so it will not happen Bitcoin will die.
I already moved from BTC to ETH and altcoins. I believe that BTC is going to implode
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If bitcoin dies I will keep supporting SONM project which will be bigger than Ethereum, hopefully, plans get achieved as planned. Want to take a look? here is the main thread: https://bitcointalksearch.org/topic/icobounty-official-sonm-project-bounty-campaign-thread-1881191
If Bitcoin died, I would create my own altcoin and I would name it Bitcoin.
The thing is, while Bitcoin could sputter and lose it’s value (imagine 1BTC being 0.3$ again), it would be very hard for Bitcoin to totally die being decentralized and all. We dont know what can actually happen on bitcoins in future.
Ethereum. And probably some LTC as well...
If Bitcoin died, I would create my own altcoin and I would name it Bitcoin.
The thing is, while Bitcoin could sputter and lose it’s value (imagine 1BTC being 0.3$ again), it would be very hard for Bitcoin to totally die being decentralized and all.
ETH maybe
Because once the #1 is down, the #2 will tookover and be the main i guess
But its hard for btc to dies , too much fork of it
Because once the #1 is down, the #2 will tookover and be the main i guess
But its hard for btc to dies , too much fork of it
If this happens and continue using the crypto concepts, then I will choose the type of coin which is not much value with bitcoin can even exceed high prices above bitcoin.
For this type of coin is what I can not mention the type of the coin, which would still prefer the type of coins you can add income better.
For this type of coin is what I can not mention the type of the coin, which would still prefer the type of coins you can add income better.
so let's assume bitcoin has imploded. there's still an alt market and you're still committed to the concept of crypto.
where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
With the bitcoin nothing gone bad Because I understand that if bitcoin will goes die then Ofcourse the other altcoins will not more remain stable in the market , it is because the value of the altcoins depends upon the market of the bitcoin .where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
Suppose it happened , then I will not out my all money bn in any single altcoin , I will buy. more then 4-5 altcoins like ETH dash monero & BTU( wait for this soon will spread in the market) and also other altcoins that will became famous at that time , Because with the down in the market of the bitcoin , it may be possible the market of the other particular altcoin may fall .
So to put money in multiple altcoins is more better then for the particular choice .
If bitcoin dies i will choose ethereum and make investments into it, i choose ethereum because there are some reasons,
1. Ethereum has large of capitalization marketcap after bitcoin, we can see on https://coinmarketcap.com
2. Ethereum has good innovations and fitures with smart contract on ethereum blockchain
3. Many projects be builded on ethereum network and it is mean many people who use ethereum than other altcoins
4. Ethereum has good fluctuation of price, so with ethereum the traders can make good profit.
1. Ethereum has large of capitalization marketcap after bitcoin, we can see on https://coinmarketcap.com
2. Ethereum has good innovations and fitures with smart contract on ethereum blockchain
3. Many projects be builded on ethereum network and it is mean many people who use ethereum than other altcoins
4. Ethereum has good fluctuation of price, so with ethereum the traders can make good profit.
If bitcoin dies, other crypto currencies will die too, but I think Ethereum may not be dead, because ETH is second largest crypto currency.
so let's assume bitcoin has imploded. there's still an alt market and you're still committed to the concept of crypto.
where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
where do you put your money after that? what other projects do you truly believe in long term? i don't mean the pursuit of quick dollars, i mean something that you're willing to sit on for many years with enough integrity and potential to really go places.
Until then, it's hard to say, coz it might well be something that doesn't yet exist today. Also depends on the reason WHY bitcoin imploded -- coz other blockchains using the same feature which got compromised will also not survive.
But perhaps it could be something along the lines of ethereum or even xmr or zcash or byteball? who knows..
Why don't you guys go read my post a few up from yours and then go and research what it means. The bolded made me choke on my coffee, that is hilarious, did you actually have a straight face while typing thay or are you just that ignorant of the subject?
it would be the final demonstration of what i've suspected for a long time. as long as the dollars are rolling in, not enough people really care about what bitcoin was designed to be.
and maybe bitcoin itself is no longer designed to do it when you look at the deformed power structures that've developed. at least it's never rolled back.
It's amazing how many morons trade based on nothing but what the other sheeple are doing, they just don't get the fact they will be the last bag holder when the music stops.
If Bitcoin died, I would create my own altcoin and I would name it Bitcoin.
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