There are so many copycats of Bitcoin. Do you think any of them will succeed? - page 3.

AldenHurley

newbie

Activity: 12

Merit: 0

I believe there are opportunities for additional crypto-based currencies to take hold and present staying power within the market. That said, I'd wager the likeliness of this to be rooted in the fundamental strength and appeal of some meaningful difference between it and BitCoin. There have been several small nuanced derivatives that have considerable following and community support, but the vast majority are simple contrived garbage. Anyone with a rudimentary understanding of c++ can grab the QT wallet source, run a find/replace on the coin's name, edit the images and replace them with their own, and tweak the block reward and halving rate. These will continue to proliferate until the attention bubble bursts. Those with a marketable difference in design or application will remain. Of course no one knows when that will be.

yatsey87

hero member

Activity: 840

Merit: 509

Quote from: bithernet on December 26, 2013, 03:26:15 AM

I vote to "all copycats are trash".

Depends on your definitions. I think some will be worth something in the long run, but most of these clones that spring up everyday wont be worth anything in the future.

doriangray

hero member

Activity: 567

Merit: 503

I vote Yes!

I think few other altcoins will succeed and have you heard about Nxt? 100% Proof of Stake and was built /designed from scratch. It is environmentally friendly when it comes to power efficiency while using an average PC. These are some the advantages of Nxt to other altcoin plus it has a great community support. And Nxt might be the next big thing after Bitcoin.

So we'll just have to wait and see...

bithernet

hero member

Activity: 661

Merit: 503

A simple and secure Bitcoin wallet!

I vote to "all copycats are trash".

Topic: There are so many copycats of Bitcoin. Do you think any of them will succeed? - page 3. (Read 2162 times)