Topic: 'Market competition leads to better products for consumers' -Roger Ver (Read 352 times)
May 10, 2019, 12:34:27 PM
Elixxir is quite different than Bitcoin in that it is a privacy preserving digital payments platform. Bitcoin transactions can be traced back to its wallet where as elixxir implements cMix which obscures metadata. They're different but I think both will play a role in the ecosystem
May 09, 2019, 06:34:07 PM
Crypto is no different from the normal market reactionary principles. In an open market system, elastic competition serves to improve overall consumer satisfaction. Where competition exist, there is bound to be fair practices from the firms and companies competing with one another to provide goods/services. Competition ensures that they are on their toes at all times, providing excellent quality in order to enjoy more attention and patronage. Crypto is exactly the same and reacts in an almost similar manner.
May 09, 2019, 06:06:47 PM
Sometimes it seems that too many competition does not help just make mess on the market. I believe competition is positive and market will filter out the valuable projects and send useless ones to history.
May 09, 2019, 05:08:23 PM
Is Roger Ver an investor in Elixxir? I know Chris Larsen of ripple is
May 09, 2019, 03:21:25 PM
"Market completion leads to better better products for consumers. The same is true in the market of currencies". These words can't be more truer. However, elixxir is not a competition for bitcoin but rather for other established altcoins
May 09, 2019, 02:36:00 PM
I also don't understand what is meant by fighting BTC. But I can conclude that, every coin has a vision that aims to achieve success by developing projects with a great team. Of course to attract support from cryptocurrency fans. Thus it will slightly affect the price of bitcoin itself, because there are other options.
May 09, 2019, 02:16:02 PM
as we've learned from bitcoin and crypto in general is that without the community support it won't have as much success. I think that's why so many influencers try to bring light to projects they are invested in. If by chance someday a project has more people buying into it than bitcoin than it may win over BTC
May 09, 2019, 09:01:58 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.https://twitter.com/rogerkver/status/1125753143625523200
Bitcoin will be the first coin to be considered by these people. So there is no way anther project can compete with bitcoin no matter how perfect the system might be, they will always see it as a clone of the original BTC.
he didn't say "today", he said "in the future" and i have to agree with him. bitcoin is great and compared to the other 2500+ altcoin it is the best cryptocurrency by far but it doesn't mean bitcoin is perfect. as a new technology there are a lot of areas of it that can be improved. so far many have tried, many others pretended to try but all of them have failed. some day a newer and better technology will come along just as bitcoin came along and made the centralized systems obsolete but that day won't come for at least another decade.
May 09, 2019, 07:42:24 AM
Indeed market competition does great in encouraging developers into creating better products. This is because as market competition gets intense, the developers think of more ways to gather a stable community of patrons and they can not do this if their project is not interesting enough hence, they will fall behind and fail. In real world, monopoly in a certain industry only leads to an institution gaining more control to the consumers because they will dictate the prices and the consumers will suffer. Just like in games more competition raises the stakes as well as the money that can be earned so it is a positive thing.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
May 09, 2019, 07:22:43 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
https://twitter.com/rogerkver/status/1125753143625523200
I don't think that he wants to against bitcoin, but if that is true, I think he needs to give proof to us about how good the elixxir project. Maybe he wants to create opinion in the cryptocurrency sphere, so he mentions about the elixxir project. The elixxir project still in the development progress and we don't know how good they are and it is better we see it later at the market because the market will prove if that project can survive or not.
May 09, 2019, 07:13:52 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.https://twitter.com/rogerkver/status/1125753143625523200
Bitcoin will be the first coin to be considered by these people. So there is no way anther project can compete with bitcoin no matter how perfect the system might be, they will always see it as a clone of the original BTC.
May 09, 2019, 03:41:16 AM
I think he is right but competition should be positive and their should not be any kind of negative competition where one project tries to kill other project so i think Roger Ver should also come up with good quality products and features and give up his rhetoric against btc.
May 09, 2019, 03:23:19 AM
Does he mean against BTC?
I don't think so, let elixxir compete with other similar projects first before heading against Bitcoin.
Do you really think any other coins/tokens will ever be able to compete against Bitcoin no matter how good product or service they might have?I don't think so, let elixxir compete with other similar projects first before heading against Bitcoin.
Total Market Cap: $186,897,594,154
BTC Market Cap: $104,761,431,968
BTC Dominance: 56.1%
I really don't think so... just my opinion.
May 09, 2019, 02:57:36 AM
Competition in any sphere is generally a good thing, and crypto is no different. I can't see any new start-up coin competing with BTC though. A lot of what BTC has can't really be replicated or improved - its history and market dominance mean that it is so solidly established that many people outside crypto think that crypto = BTC. And we must also add to that the fact that nothing in crypto stands still. BTC has its problems, yes, but these can be addressed as the coin is under continuous development. I can't see any new coin supplanting BTC as number one.
May 09, 2019, 02:39:21 AM
I saw tweet also and the only thing I agree with Roger Very is his actual statement there, competition will normally need to product improvement. But putting it such that Elixxir will be a rival to BTC is a big joke because many projects in the past have boasted of even more advanced architecture and features yet we see fake TPS when the network is congested for instance. BTC remains king, no one should be comparing it with any altcoin project.
May 09, 2019, 02:26:54 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.https://twitter.com/rogerkver/status/1125753143625523200
Maybe he got invested in that project and is trying to promote it. That being said, I think there are lots of promising projects worthy to be called as Bitcoin's primary competitor but given BTC's market edge and adoption, I guess it will take a long time before it will be dethroned as the number 1 crypto in the industry.
May 08, 2019, 05:50:02 AM
'Market Competition leads to better products for consumers' : This may sounds true for commodity market but in crypto space, it is big no! Market competition here leads to creation of lots of shitcoins and more importantly spending funds on projects having no vision. In crypto space, those projects having better and aggressive marketing have more chances of getting successful than projects having visionary products. For example, projects like Remme which actually developing something useful are getting less fame than projects like TRON which are entirely based on promotion.
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
https://twitter.com/rogerkver/status/1125753143625523200
Roger Ver, well he is interesting personality. To be honest, he was never the core supporter of Bitcoin. He is simply an opportunistic person. The moment he found out that Bitcoin could be forked, he became supporter of Bitcoin Cash. Now since BCH has lost its hype, he is supporting some other coin. All angel-investors are same, they never stay with one project, Roger is no difference.
May 08, 2019, 05:37:07 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Well I don't know what is running in his mind when he made that statement but I don't it's for BTC because roger ver has always been against BTC for a long time now but don't want to show it anymore, though what is saying is right but the truth is that I have not seen any coin in the Crypto market that is able to set the standards bitcoin has already set and impact life as bitcoin is already impacting, this is why bitcoin is the king and will be so for a long period of time. https://twitter.com/rogerkver/status/1125753143625523200
May 08, 2019, 02:48:05 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.https://twitter.com/rogerkver/status/1125753143625523200
May 08, 2019, 12:51:37 AM
Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?
https://twitter.com/rogerkver/status/1125753143625523200
Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.https://twitter.com/rogerkver/status/1125753143625523200
Maybe he got invested in that project and is trying to promote it. That being said, I think there are lots of promising projects worthy to be called as Bitcoin's primary competitor but given BTC's market edge and adoption, I guess it will take a long time before it will be dethroned as the number 1 crypto in the industry.
Jump to: