Topic: Is Bitcoin Built to Last a couple of decades? Will other altcoins rise up? (Read 2616 times)

What you say is very good, I always think that consume a lot of power to create some useless data is a waste.

First strike harder, possibly can be Facebook.

But twitter is Mint, fast and efficient, soon mineable from android POS coin.

Cheap as hell and well distributed, with 14 satoshis floor.

The alt-coin bubble is popping but it is what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed.

As for Bitcoin itself in five years

The ethereum project a concept right now and the Mastercoin project should be well underway so levels on top of the current bitcoin network will probably enhance and diversify it away from other crytpos.

That said their may be a differentation model and first gen alt coins like the ones presently will be super seeded by a handful of second gen coins with enhanced features like the ones mentioned above

Five years ago bitcoin was just an idea and not the revolution in finance it is today five more years and this period we are looking at now could be the 1990s internet innovative in its own right but something that can be built upon and improved to look like todays internet in comparison

So the future is still bright the stage may be set with a few more contenders small scale that will compete for number 2 or 3

how with asics coming out.

i dont see it happen that blackcoin will compete with litecoin in a year.

agree on blackcoin devs but a lot of work ( still ) needs to be done.

To be honest I see Blackcoin and Darkcoin doing very well in the near future and both coins will continue to have a great future. I see Blackcoin especially challenging Litecoin for 2nd spot within a year.

They both have great devs and big plans, so worth a look for people who may not have heard of them.

Bitcoin is not perfect, will eventually be replaced. But Bitcoin is a great start!

bitcoin will evolve in bitcoin 2.0 probably.

there is a complete thinktank build for bitcoin and widely adopted.

has adoptoin of large merchants ( not wordpress merchants )

bitcoin is here to stay and probably will evolve.

1. bitcoin
2. litecoin
3. peercoin
4..?

not to forget ripple.

might get regulated a bit to eliminate all the current issues and volatility.

The BTC fundamentals are shockingly better than just a year or two ago. 

You both made me lol.

This is what I see "libertarian nutjobs" is name calling it is profiling, if they hold an opinion that you beleve is wrong debate it resorting to name calling doesn't prove anything.

The point bold above has in my opinion happened we call it Bitcoin.



 There is almost a coin for every economic ideological variation. You both have a lot of reading to do to find the one that resonates with you core beliefs.  

http://mapofcoins.com/

I also think BTC is a forerunner of virtual currency development, the future will be a coin than BTC more perfect more sought after.

if you guys read the news, Bitcoin is getting accepted everyday by a new business, as long if this keeps going there will be more newbies that will help gain traction.

Well, I think NXT has the best chance at challenging and eventually being dominant.  Something built on Ethereum could also prove powerful.  Both Ethereum and NXT have reinvisioned bitcoin from the ground up.  Anything that is a clone of bitcoin can't really challenge bitcoin, but something totally different can.  NXT has a head start on Ethereum, but Ethereum has an incredibly strong team.  Right now Ethereum is planning very carefully and putting a lot of money and power into it.  NXT is going at it wild style, just giving it a go, a small beehive of people that love it, working on it to make it better.  All with the hopes that it will be better and afterwards they will be rewarded.  NXT has at least a 9 month head start on Ethereum which in bitcoin years is a very very long time, but NXT doesn't have a strong central leadership to guide it.  NXT is happening semi-organically.  It is hard to tell which model is stronger.  Lastly, NEM has been able to learn from NXT's mistakes and give it a try.  There is a small chance with NEM too. 

One thing seems for sure to me.    Last year all 10 of the top 10 coins were PoW.  Now only 7/10 are, with more PoS coins sneaking to the top soon.  I am thinking that except Bitcoin and Litecoin, coins based off of mining are dead.

Right, I just mean we need a cross-functional team (maybe even a quality engineer like me  ) to be involved. I doubt you'll create the uber-coin with a complete lack of input from experts in economics, for example.

But will the social media sites last long enough to help bitcoin get traction?

I love Mintcoin for that reason. I've been mining for a long time and this arms race keeps getting worse and worse. I had expensive video cards that are no longer good for mining now because of ASICs.

I found Mintcoin and now I make a couple hundred dollars profit every month from just minting and I don't have to have air condition on either. My GPU fans are not blasting like a jet engine, so it's been quiet at my place. Mintcoin is the way of the future and the environment and Mother Nature will thank us for that.

It'll be very insteresting when mining becomes unaffordable for most users. I sure aint going to risk sending thousands of dollars to an unknown company in the hopes of getting decent mining gear on time.
PoS (Mintcoin) may be the way of the future?
PoT seems a bit too random and unstable.

First strike harder, possibly can be Facebook.

But twitter is Mint, fast and efficient, soon mineable from android POS coin.

Cheap as hell and well distributed, with 14 satoshis floor.

In my humble opinion the answer to both questions is yes.  Bitcoin is able to easily last a couple decades in my opinion and other cryptos that have a worth while development will certainly make an arrival on the scene.

It's gonna be Bitcoin, Litecoin, and Mintcoin.

Bitcoin was the first and has a powerful brand like Litecoin. Yet, those two use a lot of electricity. The only way to keep things going is a Proof of Stake coin like Mintcoin. Mintcoin generates new coins through minting, where holders of the coin get 20% in the first year, 15% in the second year, 10% in the third, then 5% for each subsequent year. It saves massive amounts of electricity. Their community is a strong one and they keep adding more and more merchants every couple of days. Because of this their infrastructure is growing and this is what will help them outlast a lot of the crapcoins out there.

An economist can advise on economics since thats what he spends his life studying.   No different than any other experts like computer scientist advising on programming

Bitcoin has a head start, but might fall behind later, we will see.


Yahoo! used to be the #1 web site in the world.
Years later, MySpace was the clearly dominate Social Network.
Just Saying...