Topic: So many clones of BTC. In or not? - page 5. (Read 1286 times)
In essence nothing really changed since the beginning. Litecoin is also a copy of btc with small adaptations. A successful product will always be copied, it only gets overtaken when something more disruptive emerges. The copy itself stands no chance
I think this are attempts from people trying to centralize BTC, with their own BTC. a bunch of guys proclaim a new BTC, they would surely centralize and profit the most. But like other clones, I dont believe that these will sustain for long time, because BTC is the real deal, and I think it's followers won't leave the main and adventure in the new clones!
this is not new.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
Actually this IS new.
Prior to August, all teh alts were either scrypt coins or they were proof-of-stake coins. Which meant they were mined differently. You had various pools of GPU miners switching from coin to coin causing wild fluctuations in the block times, but bitcoin was unscathed, because it was a sha-256 coin mined only by ASICS.
Once we start getting a lot of sha-256 forks, the ASIC miners are going to behave much like the scypt coin miners - they're going to switch from chain to chain, and block times on all the chains will get very unstable. This in turn weakens bitcoin's central premise - that you can send coinsand they'll get confirmed within ten minutes.
If some of these forks are not killed, an alt will take over as #1, while the four sha-256 coins are fighting for miners.
Those attempts are just an admission of insecurity of alternative coin enthusiast to bitcoin stands and position. They want the throne that bitcoin is right now, is it doable or is it even possible?. As the reaction of the investors and users in forking is not even a mere effect on this but just playing with the flow and wanted for a free coin.
Somewhere in no particular time and coin a competitor will surface soon but is it this two fork that is coming, I don’t think it is.
Somewhere in no particular time and coin a competitor will surface soon but is it this two fork that is coming, I don’t think it is.
There are many clones of BTC thats coming out with so much hype. So many versions like E-BTC and many others that says they are better than BTC. Are they valuable? Or will BTC always be the King?
As we have seen before. On August 1, the first fork. DId you see bch or bitcoin cash tops bitcoin? No right? So probably bitcoin will stay at the top. They can't beat this greatest coin that was created to start this crypto.
We don't need to entertain those clones because they are just like bonus of having bitcoin and it is a free money so it is a good thing for us bitcoin holders. If you hold bitcoin for a lot of years then you will actually earn more money in your investment and you will have more free coins if bitcoin will have any fork or clones.
Any successful thing has clones. I think that btc will be king till the end of blockchain era
There are many clones of BTC thats coming out with so much hype. So many versions like E-BTC and many others that says they are better than BTC. Are they valuable? Or will BTC always be the King?
i believe the e-something coins were all based on ethereum, waves,... chains and were mostly ICO smart contract stuff and had nothing to do with bitcoin really!
it is just using the names of popular coins and there are a lot of them:
e-btc, e-ltc, e-iota, ...
don't confuse these "names" with forks of bitcoin like bitcoin cash which did an airdrop to bitcoin holders. they are very different. for example for these you just have to own bitcoin to get the airdrop. for the above ones (the e-something) you just have to participate in the airdrop with your ETH, Waves,... address.
this is not new.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
A lot of profits can be made when you get it cheap and when there is a lot of hype on those coins. Without volume there pose a lot of risk on them actually
not all of them rise, most of them start dropping from day one and continue going down and when you think they are cheap they keep going lower some more. there will obviously be some pumps at some point in their lifespan but that is another discussion.
the issue with these types of fork that do an airdrop kind of giveaway, is that most people sell what they get as soon as they get it. how much do you think the market is going to resist such a huge sell pressure?
Clones of BTC, especially with the bullshit concept like bitcoin meet ethereum is just a money grabber for the developers, and there's a trend to "digitalize" any existing popular coin into some kind of smart contract token through ethereum smart contract, if you know it, the devs are just trying to grab people's money. if it's free, you should get involved just like airdrops, and if you need to pay for the coin, never.
this is not new.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
A lot of profits can be made when you get it cheap and when there is a lot of hype on those coins. Without volume there pose a lot of risk on them actually
this is not new.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
it has been happening from first year of bitcoin release. that is what happens when your project is open source and also popular. also something like bitcoin that also has value leads to so many clones like these.
everyone wants to get some money by just using the "bitcoin" name. they make their money too. with premining, flash mining the first blocks, or things like that and make a lot of money. in the end none of them exist after some time because they don't do anything that matters to keep them alive.
they are never "valuable" though you can make some profit if you are a trader or a miner. it is very risky though.
Not comparable man
If you get your token from the airdrop then it is nice, but if you want to spend money on them, please dont, just dont
If you get your token from the airdrop then it is nice, but if you want to spend money on them, please dont, just dont
BTC will always be the first of everything else but in time others will take the reigns. I think now is too soon for that to happen but given the time the situation will change. If you are looking to invest in these clones, consider the upcoming fork and its repercussions on them. Especially be careful for pump and dumps.
There will always be copycats, they look like Bitcoin, act like Bitcoin but they aren't Bitcoin. Bitcoin is the community, the development team, the infrastructure that none of these copycat can't replicate.
E-BTC had so much hype and went up like almost 70x within a so short time. Follow the trend, play safe and grab profits when you can. I think now is the ICO hype so it is good to ride the wave
There are many clones of BTC thats coming out with so much hype. So many versions like E-BTC and many others that says they are better than BTC. Are they valuable? Or will BTC always be the King?
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