So why Altcoins exist ?? - page 2. | Bitcointalksearch.org

mast3rm1nd

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Quote from: PPumpsTogether on March 28, 2018, 10:35:12 AM

Quote from: mast3rm1nd on March 28, 2018, 09:28:07 AM

the altcoins offer special and unique features and focus on specific problems and issues in the real world or in the cryptocurrency one. all of the cryptocurrencies are an implementation of the the block chain technology. saying we should only have bitcoin is like saying we should only have the iphone for touch screen technologies.

Regarding the projects, and its objectives, there is many project has not any problems to resolve and no meaning of being in the existence.

I don't disagree with that, in fact I think 80-90% of coins are scams and people fall for them because of greed.

josephpogi

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Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

altcoions is the other cryptocurrency and it's not bitcoin , in Short it's a little different to Bitcoin or alternatives to the Bitcoin.

Altf4

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Altcoins exist this is so because not all functions and uses can be accomoditted by bitcoin there are functions and uses of altcoins that are also welcome by the customers or the enduser of this altcoins, from the name itself alternative coins so they offer special uses that is why this altcoins will exist along with bitcoin.

ropyu1978

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Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

because it all starts from bitcoin, the presence of altcoin is certainly because bitcoin becomes the first. there are many altcoins that are born with new ideas and innovations in it in the direction of advances in technology. and this is commonplace in the crypto cycle. you have to understand, everyone has a different idea. and like itupula occurs in altcoin. although not all altcoins have a chance in the future. but with so many innovations and technology-based shows the development of crypto very rapidly.

Zin-Zang

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Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

Because Bitcoin is a failed design.

Proof of Work is a failure and it is nothing but a continuous increasing cost structure.
What is needed to upgrade every year.
Bigger Warehouses
More ASICS
More Bandwith
Insane amounts of electricity (Which Require increased expenditures from the Power Plants with increases Everyone's electric rates.)

None of the above is sustainable and many cities have begun banning Bitcoin Miners as it is exceeding the infrastructure ability to hold it and increasing electric bills for all that are unfortunate enough to live near one.

Why are their alts coins, because the world needs a Coin to provide the services without the downfall of PoW.

One of those Alts is ZEITCOIN
It is a better design than Bitcoin for the following reasons

Quote from: KikloV on December 24, 2017, 05:59:47 AM

ZEIT
Only coin to Solve the Following
PoS Inflation Problems = √ Solved moved to Ultra Low Inflation
PoW Energy Waste = √ Energy Efficient
PoW ASICS required = √ No Asics required
Massive Operating costs = √ Minuscule Operating Costs

Compared with BTC
BTC
Low Transaction Capacity
Energy Wasting ASICS
Increasing Transaction Fees
Rich can jump ahead by higher fees

Verses

ZEIT
20X BTC Onchain Transaction Capacity
Energy Efficient
Low Fixed Transaction Fee
Transactions included in the order they were created

Whether you believe it or not , An ALT that is sustainable will eventually replace Bitcoin , because it is not sustainable.
Altcoins are the evolution of Crypto to find a working system that is sustainable.

reliable

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Quote from: ciplut on March 29, 2018, 12:28:38 AM

altcoin is made with the purpose of replacing the main virtual money that is bitcoin, altcoin is created with different ideas and systems with the goal will be able to give uqng virtual better than bitcoin

What btc cannot do probably they are trying to create a niche for themselves and overcome those empty spaces so that people have a choice and invest in the future. Also as btc could not be afford by everyone so those altcoins are very cheap and can be bought by majority of the people too.

ciplut

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altcoin is made with the purpose of replacing the main virtual money that is bitcoin, altcoin is created with different ideas and systems with the goal will be able to give uqng virtual better than bitcoin

Sithara007

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From what I have seen, more than 90% of the altcoins are copycats or scams. These developers try to exploit the popularity of Bitcoin and Ethereum by creating their own coins without hardly any added value. But there are notable exceptions as well. For example, coins such as Byteball and Monero are not copycats, and they have unique purposes.

eann014

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Quote from: silent17 on March 28, 2018, 09:16:15 AM

Altcoin is created because they have their own project to prove, or they beleived that they are much better than bitcoin, as we all know most of the altcoin has a much better transaction fee and much faster rather than bitcoin.

Yeah, some altcoins have a good and faster transaction than bitcoin, so that's why altcoins are created because who created that also wants to gain profit, it is created for the owner's necessity and not for us, we just use altcoins just like how we use bitcoins. It is also like that, but once that there are more investors invest with altcoins then it will going to be better than bitcoin in the future.

xuan87

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Bitcoin is not perfect, it also got flaws and a lot of feature that maybe is not suitable for some people, and if only Bitcoin exist the price will become too expensive in the future, so alt coins was created to balance the BTC price and to fulfill some feature that btc doesn't has

marjon

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It's because the Blockchain Technology are continue developing and lot of already existed companies looking forward on adoption of Blockchain Technology in outcome they able to develop their own crypto that is being used to their ecosystem, and anyone have the right of privilege to do so.

wantjokull

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Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

This was the case in early days when people did not understand on what protocol bitcoin really works and how. But as soon as bright minds started coming up then they started creating the copies of bitcoin algorithm which manipulated the working methods on blockchain. Then smart kids came up with idea of implementing their own blockchain over the traditional one and thus created all new ERC20 protocol on which most of the altcoins are lurking around.

However, though that is the case I dont think bitcoin is getting very much hampered with the altcoins market. I mean I know that whenever their is mass dumping of the altcoins then the money must be going into the bitcoin only and nowhere but have you checked or observed the market recently It is going all exactly in promotional way. Whenever bitcoin is falling the alts falling and vice versa. In general we are not sure about your statement and neither we can say that it doesn't affect it.

labilaab

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I think altcoins are produced because of Bitcoin's slow transaction thats why other companies cannot accept it and make their own crypto to correct it. As we experienced on using bitcoin transaction that usually very slow and have a pending transactions almost reach for 1 week.

frankybutterin

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“Blockchain Just Entered The Real World”

Altcoin is exist because they want to be like bitcoin.Altcoin offers new deals such as soft-service development, service with blockchain technology but for now altcoin can not compete with bitcoin.bitcoin is above them from the price until bitcoin technology is still the best.

needtor22

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altcoin exists because of the continuity between altcoin and bitcoin. altcoin is also an investment market of bitcoin
the value of rising and falling bitcoin is also influenced by altcoin

kaisul67

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because altcoin is the coin invested and also altcoin is also very important to the value of bitcoin.

shainasaz

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Altcoins prices push the price of bitcoin up and down although the movement of altcoin price just ralaying on bitcon but not all altcoin same movement even we look on the market cap right now even bitcoin price drop there are alcoins price up this are the alcoin shows that they have an authority to be exist because they have a different uses of the blockchain project.

rockstarr

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Quote from: PPumpsTogether on March 28, 2018, 05:09:03 PM

Quote from: 9jaflick on March 28, 2018, 04:53:04 PM

Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

if you are saying why altcoin exist, it means you are automaticallysaying why Ethereum, why Bitcoin Cash etc etc. bitcoin has it is purpose, that is why it came into exist, while it purpose is been neglected, Bitcoin Cash came into exist to correct some of these error.
every altcoin has it unique purpose of been into existence just like bitcoin. and the existence of altcoins has nothing to do with the bitcoin market fluctuation. this is one thing every decentralize currency will always experience "Market Fluctuation"

yes that is reasonable, but the unknown thing in my thought is why all of altcoins affected by the value of bitcoin in the market, i think that because of the bitcoin is the principal peer of altcoins, so the altcoins do not affect themselves but the exchange is forced upon them to follow the basic value of trading depens on bitcoin.

It is exist due to many factors that affecting in crypto currency because there are many different token with changeable value in market place. Many investors also choice altcoins in the market trading.

OhBow0709

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Quote from: PPumpsTogether on March 28, 2018, 08:50:59 AM

Altcoins prices push the price of bitcoin up and down !!
if Altcoin is a simulation of bitcoin's path, so why not just bitcoin enough ??

Any altcoin owns its name, project and ideas, so why that altcoins are related in the pricing with bitcoin ??

I think it's all because of the available crypto trading platforms, Altcoins will surely able to influence the price of BTC everytime its hodlers will trade their tokens to bitcoin and convert their BTC in to cash.

gtx1060aa

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And who in general has told that the altcoin as that stno influences bitcoin now there are series of events because of which price fall on bitcoin

Topic: So why Altcoins exist ?? - page 2. (Read 557 times)