And that was all made possible because bitcoin had first mover advantage, use your head man.
It's called innovation and sooner or later an altcoin is going to make it big on innovation because bitcoin is to scared to. Some altcoins have already seen very good success, Bitcoin could increase it's worth past the point that it's already at if it just accepted this.
after 3 years of litecoin and 2 years of lots of altcoins, all i see is pump and dump coins that last 3-6 months, and a bunch of dice games.
I think your purposefully turning a blind eye to the innovation happening with altcoins.
I think he is turning an insightful eye towards the fact that most of these "innovations" are mere headlines designed to attract the attention of the easy marks. It really is like san franscisco in 1849. There were a few dudes who hit gold and made good money in 1848. By the time 1849 rolled around, the scene was full of vultures and speculators and theives and the only ones making money were the ones selling picks and shovels.
You can call this the "first mover" advantage if you want. But none of these altcoins have a large enough community to matter. In fact, if you say btc is slow to innovate the protocol consider the fact that the bitcoin community is large enough that any changes have to be resonably consider and carefully considered because there is a lot of work that has been done and no one wants to screw that up because of an ill-thought out idea which seemed like an "improvement" untill it was realized that it wasn't one all too late.
/thread
