Topic: is trollcoin (bytecoin) unwittingly the solution to bitcoins scalability issue? - page 2. (Read 7349 times)

Anon136, you're going to run into these social and structural biases from people.

People think they can solve everything with tools XOR rhetoric. It never occurs to them you need both. Also check private message.

its not a problem of hard drive space. Its a problem of limited bandwith for miners. Miners are only capable of receiving so many transactions in a 10 minute period. if the total demand for transactions exceeds the bandwidth of your average miner than people will be forced into other chains.

How a carbon copy of bitcoin could solve anything?

You still need to store all transaction of all random guys. Now those transactions are split into two separate blockchains, but they occupy the same space on your HDD (in fact even little more).

And yes, there can be at most one winner. That means, it is possible, that there will be no winner at all. I.e. all free decentralised cryptocurrencies dieout. And to be honest, greed drives us now to that worst, no winner, direction.

Not only that, people speculate naturally everyday: What products are too expensive, which car gets better mileage? And which forum is going to cry for me or react to my trolling.

But ultimately, we can't afford the corruption inherent in having a "top dog" currency dominating.

a simple user wont see any of this they will get a gui that handles it all

Ahem. You explained nothing. You only mentioned your working title for your really-soon-now argument.

the winner can not take all because there is no room in the winner for all. I mean you can try to put 20 ounces of water in a 10 ounce cup if you like but it wont work.

While the OP seems to be putting his finger on a growing TREND of alt-coin growth, I can't see how multiple coins with or without technical innovations over BTC can fulfill the dream of being an effective extensions of BTC.  The end user is simply never going to juggle ownership of multiple types of coins, just as people who are not currency-exchange-speculators do not simultaneously carry dollar/euros/yen in their pockets to buy things with. 

Money is a 'natural-monopoly' because its a network-effect ware the utility is proportional to the number of people in the network.  All crypto-currencies have appallingly small networks and low utility compared to national currency and the alts are even lower, so nearly all value is speculative in both.  Speculators can and will deal in multiple currencies, real commerce will not so an inevitable 'winner take all' will happen and everyone knows this.  Speculators are speculating on which coin that will be, not on actually proportional value in a mixed coin environment.  The current mixed coin environment must be transitory, and to what ever degree we have continual mushrooming up of alts they will always be alts in the shadow of the king-of-the-hill.  This is not to say the king can't fall, but if it ever dose it will be replaced by a new king.  In other words Cyrpto-currency will always be uni-polar and never multi-polar.

Another factor to consider, when most of BTC's perceived value is from encoded scarcity, the existence of a multi-polar world of alt chains that trade at comparable values and constitute any significant portion of commerce.  And particularly if they show potential to expand without limit, would completely negate the scarcity concept in BTC, as while the BitCoins themselves would be scarce their would be virtually unlimited numbers of adequate substitutes in the marketplace.  And any Econ 101 student will tell you, adequate substitutes trade as a pool.

Perhaps you should have a read up on 'thin clients' in the Bitcoin wiki and this might change your mind.

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C'mon. I already answered. Read again my reply regarding BCX and Litecoin 51% attack drama. It's too long story to discuss it again.

PS: I understand. U bought a lot of litecoins, they r dumped now, u r upset. It's obvious, baby.

Bitcoin will fail because Africa? 

Who cares? All the Africans have to offer to the internet, so far, is Nigerian scammers.

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I have to remember sending some BTE to a faucet.

oh than what are you talking about?

I'm talking not about technical details.

its almost exactly the same. The only things they changed where the proof of work algorythm and the time between blocks. other than that its almost an exact clone.

Sorry, but I disagree.

no dude you are wrong on this one. Ltc is not any more centralized than bitcoin, if anything its less centralized.