Topic: There is a better alternative to Bitcoin and why not use it? - page 3. (Read 632 times)
I don't know much about DigiByte, but what I can say is that Bitcoin with all its technology like LN and coming smart contracts eventually will be the perfect combination for both a store-of-value solution & currency & functionality for different industries. And I wouldn't say that scarcity is a problem, but an advantage. We don't need inflation and governments pumping up paper on the money machines like crazy. We need a decentralized solution like Bitcoin. Again Idk much about DigiByte but they need to come with something revolutionary to even challenge Bitcoin.
No matter how much you are saying that you are not shilling for the coin you mentioned, but it actually sounds like you are just shilling and creating hype for that coin. Do you guys get paid for doing this? I have seen a lot of similar posts and most of them are in fact newbie, newly created accounts. True, bitcoin can not be used for day to day regular transaction and there are better alternatives for that use case, but digicoin isn't the one!
Correct, there are a lot of alternative cryptocurrencies out there that may compete to Bitcoin but bitcoin will remain standing as a great digital currency among others. Digibyte? I dont think so. There are a lot of altcoins that next to bitcoin why we should choose this unknown altcoin just to replace Bitcoin's greatness. Even Ethereum that almost surpass Bitcoin but in the end, it ends up nothing and bitcoin remained that has a massive adoption and already on the mainstream.
For sure that there will be a few projects that will have great advantage and will be more good compare to Bitcoin, but people prefer Bitcoin because it already proven everything and that we are already confident and convenient to use and to invest on it, also people would love to see Bitcoin in another bull run so they are waiting for this perfect moment again.
It may still need to prove and improve it's performance if its want to be near to be called as bitcoin. Bitcoin been having all it's ups and down and still able to survive and use by many unlike altcoins that is hard to monitor or to keep since when once it's down it usually just fall depending on what kind of alt and development the team provides.
I think Digibyte is good but I don't think that it is in a level where it can be an alternative to bitcoin. Digibyte is still developing coin and I've seen some posts here before that recommend people that they should invest in this coin or it is a coin that must be considered for the future.
Digitbyte? not sure 
People are creating topic like this every week. The simple truth why there are so many hype around bitcoin - it was first. A lot of people think that this is the only one true crypto currency. This is not about tech, this is about status
Quite true, the prestige of being the first and simply the Father of all cryptocurrency. But aside from that the overwhelming support of the masses. There are several copycats of bitcoin, but the name bitcoin speaks for itself, it is unique and catchy plus it is the original coin made by Satoshi Nakamoto, thus very popular.
when wondering if a crypto is truly useful. you have to ask the real question
how many retailers/stores/shops can i use the currency in
after all if you cant buy anything useful with it. its not a useful currency
most cryptos have no retail use. and are just used as a transfer mechanism/payment tool' to move value from one currency to another.
yes profits can be bade on currency exchange. but thats not a true currencies base purpose.
if your only concern is profits then your looking at an 'investment' and not a 'useful currency'
many things can claim to have great transaction speeds. but if you cant buy a pizza with it. it doesnt matter how fast you can make a transaction if no pizza i going to be delivered.
so a useful crypto has to have a base purpose of an actual function. and not just be a ponzi scheme of investment with no purpose holding the value
a $1k gold coin is not worth $1k purely because its worth $1k. its because its unlikely you will get another coin for less by mining it or buying it. it also has a purpose of being able to be passed around hand to hand and can be melted down and sold to make electronic based products as its a good conductor
of gold could be mined for $1 and didnt have a use in electronics or jewellery. then it would not hold out at $1k. the price would tank
how many retailers/stores/shops can i use the currency in
after all if you cant buy anything useful with it. its not a useful currency
most cryptos have no retail use. and are just used as a transfer mechanism/payment tool' to move value from one currency to another.
yes profits can be bade on currency exchange. but thats not a true currencies base purpose.
if your only concern is profits then your looking at an 'investment' and not a 'useful currency'
many things can claim to have great transaction speeds. but if you cant buy a pizza with it. it doesnt matter how fast you can make a transaction if no pizza i going to be delivered.
so a useful crypto has to have a base purpose of an actual function. and not just be a ponzi scheme of investment with no purpose holding the value
a $1k gold coin is not worth $1k purely because its worth $1k. its because its unlikely you will get another coin for less by mining it or buying it. it also has a purpose of being able to be passed around hand to hand and can be melted down and sold to make electronic based products as its a good conductor
of gold could be mined for $1 and didnt have a use in electronics or jewellery. then it would not hold out at $1k. the price would tank
When someone think of cryptocurrency then only one thing comes to mind, that is Bitcoin. It was the first adopted currency and no alt can beat that.
Digibyte is not completely decentralized, everyone knows its owner and until they are there, its nowhere near to Bitcoin.
Digibyte is not completely decentralized, everyone knows its owner and until they are there, its nowhere near to Bitcoin.
If we are talking about which one better based on the technologies and features it implemented it will be endless. today we got this much scalability the next 6 months we got a new one and if we always move to the newest with obviously better features it will create unnecessary problem. whether you like it or not people will always stick to bitcoin simply because it's already trusted and reliable. no one's going to move to another crypto just because they got much features which usually ended up as nothing more than a gimmick.
I have read so many posts that looks like this one. Well, we have our own preferred coins to support. I will not argue about on how you see your coins but as for me, Bitcoin still the reference coin and I will invest on altcoins but I will not stop supporting Bitcoin.
There are altcoins that have better features, such as transaction fees, transaction speeds,etc.
However Bitcoin is the face of cryptocurrency and has the advantage of being the first and most well known.
However Bitcoin is the face of cryptocurrency and has the advantage of being the first and most well known.
When it comes to topics like this, the answer always is : If you think xyz currency is better than Bitcoin then use it. Don't create a FUD or propaganda around it. You need the community's support to take the coin to the next level and without the support, your coin is going nowhere. No one forced people to use bitcoin, they just did because it is a standard now.
This kind of topic is actually very subjective to answer. If someone thinks that this cryptocurrency is better that bitcoin for him, it doesn't mean that everyone can see it also that way. It still depends on each everyone's experience on that coin. Personally, Bitcoin is still the best for me so far. I'm not saying other crypto is not but I'm just satisfied with bitcoin.
DigiByte!
I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.
I newly discover crypto this year. As my 1 month of stay here in bitcointalk and crypto space and evaluated top 100 crypto who stayed for almost long enough in the hundreths and did an ample experience to them. (bought them and used them) I do see a lot of coins with potential and some other use cases but for currency it's undoubtedly Bitcoin. Now, I'm even confused. There is a bright future for DigiByte out there as a currency use and for people who had crypto that stayed long enough in the crypto space and bitcointalk, I only thought of them making a fortune in it (not really thinking about the future of blockchain tech). Digibyte has very secure and strong foundation in it's community. Scalability, fees and scarcity is no issue there. They also have a decentralized broker where you can make a transaction of an investment with direct profits into your wallet.
Now my question is; Any of you here really see what is good in DigiByte? I would love to hear any replies. This is an educational question for me as I have seen what is the real use case of a cryptocurrency and I found out in BTC and DGB as a leading candidates for Global use as a currency. I also want to hear the negative side of digibyte as a currency, maybe because I'm pre-occupied or clouded at the moment of this coin with great potential in my opinion.
I mean no harm of doing this. Since this is a Bitcoin forum talk.
For me, bitcoin was unique when it comes to technology also when you created something like bitcoin this is not automatically you could copy the success like what happened in bitcoin,I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.
I newly discover crypto this year. As my 1 month of stay here in bitcointalk and crypto space and evaluated top 100 crypto who stayed for almost long enough in the hundreths and did an ample experience to them. (bought them and used them) I do see a lot of coins with potential and some other use cases but for currency it's undoubtedly Bitcoin. Now, I'm even confused. There is a bright future for DigiByte out there as a currency use and for people who had crypto that stayed long enough in the crypto space and bitcointalk, I only thought of them making a fortune in it (not really thinking about the future of blockchain tech). Digibyte has very secure and strong foundation in it's community. Scalability, fees and scarcity is no issue there. They also have a decentralized broker where you can make a transaction of an investment with direct profits into your wallet.
Now my question is; Any of you here really see what is good in DigiByte? I would love to hear any replies. This is an educational question for me as I have seen what is the real use case of a cryptocurrency and I found out in BTC and DGB as a leading candidates for Global use as a currency. I also want to hear the negative side of digibyte as a currency, maybe because I'm pre-occupied or clouded at the moment of this coin with great potential in my opinion.
I mean no harm of doing this. Since this is a Bitcoin forum talk.
But it could happen sometimes like what happened to some of the famous alternative tokens examples Ethreum, we could see the success of this token in the market but still cannot replace bitcoin.
DigiByte!
I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.
I newly discover crypto this year. As my 1 month of stay here in bitcointalk and crypto space and evaluated top 100 crypto who stayed for almost long enough in the hundreths and did an ample experience to them. (bought them and used them) I do see a lot of coins with potential and some other use cases but for currency it's undoubtedly Bitcoin. Now, I'm even confused. There is a bright future for DigiByte out there as a currency use and for people who had crypto that stayed long enough in the crypto space and bitcointalk, I only thought of them making a fortune in it (not really thinking about the future of blockchain tech). Digibyte has very secure and strong foundation in it's community. Scalability, fees and scarcity is no issue there. They also have a decentralized broker where you can make a transaction of an investment with direct profits into your wallet.
Now my question is; Any of you here really see what is good in DigiByte? I would love to hear any replies. This is an educational question for me as I have seen what is the real use case of a cryptocurrency and I found out in BTC and DGB as a leading candidates for Global use as a currency. I also want to hear the negative side of digibyte as a currency, maybe because I'm pre-occupied or clouded at the moment of this coin with great potential in my opinion.
I mean no harm of doing this. Since this is a Bitcoin forum talk.
Actually it's not about which Cryptocurrency is better. It's obvious that many Cryptocurrencies came after bitcoin which knew what problems it was facing and they obviously tried to solve that problem but this doesn't means people would start using that currency. Bitcoin is popular because it was the first currency in this market. Now obviously with time people could shift them to other platforms but don't expect it to happen over night. I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.
I newly discover crypto this year. As my 1 month of stay here in bitcointalk and crypto space and evaluated top 100 crypto who stayed for almost long enough in the hundreths and did an ample experience to them. (bought them and used them) I do see a lot of coins with potential and some other use cases but for currency it's undoubtedly Bitcoin. Now, I'm even confused. There is a bright future for DigiByte out there as a currency use and for people who had crypto that stayed long enough in the crypto space and bitcointalk, I only thought of them making a fortune in it (not really thinking about the future of blockchain tech). Digibyte has very secure and strong foundation in it's community. Scalability, fees and scarcity is no issue there. They also have a decentralized broker where you can make a transaction of an investment with direct profits into your wallet.
Now my question is; Any of you here really see what is good in DigiByte? I would love to hear any replies. This is an educational question for me as I have seen what is the real use case of a cryptocurrency and I found out in BTC and DGB as a leading candidates for Global use as a currency. I also want to hear the negative side of digibyte as a currency, maybe because I'm pre-occupied or clouded at the moment of this coin with great potential in my opinion.
I mean no harm of doing this. Since this is a Bitcoin forum talk.
When it comes to topics like this, the answer always is : If you think xyz currency is better than Bitcoin then use it. Don't create a FUD or propaganda around it. You need the community's support to take the coin to the next level and without the support, your coin is going nowhere. No one forced people to use bitcoin, they just did because it is a standard now.
I definitely agree with you, most of the time we are using what we have been comfortable at and how we feel secure, so it is really don't matter whether there is as good as Bitcoin, we already know it, as there is ETH and XRP which we know that they are more faster in terms of transactions rather than in Bitcoin.
When it comes to topics like this, the answer always is : If you think xyz currency is better than Bitcoin then use it. Don't create a FUD or propaganda around it. You need the community's support to take the coin to the next level and without the support, your coin is going nowhere. No one forced people to use bitcoin, they just did because it is a standard now.
I definitely agree with you, most of the time we are using what we have been comfortable at and how we feel secure, so it is really don't matter whether there is as good as Bitcoin, we already know it, as there is ETH and XRP which we know that they are more faster in terms of transactions rather than in Bitcoin.
When it comes to topics like this, the answer always is : If you think xyz currency is better than Bitcoin then use it. Don't create a FUD or propaganda around it. You need the community's support to take the coin to the next level and without the support, your coin is going nowhere. No one forced people to use bitcoin, they just did because it is a standard now.
Hello
Honestly I don't think one altcoins could get really close with competing with bitcoins , yes it might be as good as bitcoins or no but one should understand that everything you see out there has been created on the concept of bitcoins and also at the same time , people prefer bitcoins because there are more people and companies willing to accept it , there is more practical usage of bitcoins as compared to anything else.
Also it's the most dominant coin out there so chances of it going in profit is more than any other
Honestly I don't think one altcoins could get really close with competing with bitcoins , yes it might be as good as bitcoins or no but one should understand that everything you see out there has been created on the concept of bitcoins and also at the same time , people prefer bitcoins because there are more people and companies willing to accept it , there is more practical usage of bitcoins as compared to anything else.
Also it's the most dominant coin out there so chances of it going in profit is more than any other
Jump to: