Topic: Stop using the term "altcoins" - it is "cryptocurrency" - page 2. (Read 1028 times)

Someone seems to be a bit aggravated.  
That's what i mean with "unbearable cult following".

altcoin's a perfectly ok name, though i also consider bitcoin an altcoin, being an alternative to fiat coins.

This board is called *Altcoin Discussion*.

That's so people can discuss *Altcoins* here and Bitcoin on the Bitcoin boards. The people who run this forum obviously don't consider *Altcoins* as side by side with Bitcoin and neither do I.

Cryptocurrencies are just the collective term for both altcoins and bitcoin. And whether you consider bitcoin outdated, there is a massive gap between bitcoin and every other coin (coinmarketcap from yesterday):


There is a reason why virtually every coin gets traded to- and from FIAT through bitcoin.

Besides, you use the term alt on a regular basis too.

Stop calling state of the art cryptocurrency "altcoins".
Bitcoin is not special and shouldn't be treated as "the one". Thus: stop using the word "altcoins" and replace with "cryptocurrency" which puts Bitcoin side by side with the so called "altcoins".

Bitcoin is just first mover. It has many problems like high inflation, sickening and pigheaded cult following, bad wealth distribution, ninjalaunch with stealthmine (dev and buddies mine pretty much in private for years before anyone has a chance in getting on the bus - a altcoin new cryptocurrency released in that manner today would be discarded imediately), high energy consumption, a phony "foudation" and a goofy dev "Gavin" who doesn't see the bigger picture and is likely influenced by the wrong people.
What bitcoin has going for it is the hashrate and the "network effect". But hash can go away in a day when another coin becomes as profitable. The network effect and first mover advantage is wearing off. I'd even say many alts have better network effect because they also have better distribution of wealth and more early adopters than bitcoin had when it was as young as many of the newer cryptocoins are now. So I'd say the "network effect" is worth shit and another coin like doge and friends can beat that any day.

Last but not least bitcoin is technically outdated. A new coin with same specs released today wouldn't go anywhere. Nobody clones bitcoin these days because in todays' environment bitcoin "as is" relaunched is not viable anymore. Think about it.

So really folks, stop making a difference between "bitcoin" and "altcoins". It is "cryptocurrency"! The word "altcoins" should be abandoned.