Topic: Time to kick-off Bitcoin2? (Read 1902 times)

apparently you aren't thinking in Bitcoin...that's your problem with fee...when I started here the most important thing was supporting the network, now suddenly, fees are the enemy.


people never took electrons as money and suddenly this guy Satoshi made a big step making a universal way for payback any work in computers...it's gonna have a LOT of traction

Don't forget PPCoin which solves amongst other things a big future problem of Bitcoin - transaction fees. With Bitcoin the fees are going to get bigger and bigger over time as more people use Bitcoins, with PPCoin the system is designed so that won't happen. Think about where all the disgruntled Bitconi users will eventually go when the transaction fees reach PayPal levels.

That's what I did, but that's also the cause because I'm not spending my BTC

So why not put all you money into bitcoin?
Wouldn't you still feel cheated if the $ you spent on the tshirt could have doubled the next day if only you'd bought bitcoins instead? - You could then buy the ($60!) t-shirt at half price the next day.

At the moment i would be reluctant to buy something with BTC. If I buy a tshirt with 1BTC and 1 day later with the same 1BTC i can purchase a phone i would feel cheated

As open source software that anyone can alter, compile and distribute themselves, it's not the bitcoin software that is currently causing a price bubble of $62.00 USD, it's the blockchain this *particular* implementation of bitcoin is protecting. Basically, the market is saying that this blockchain's security is worth $62. It has nothing to do with being the *only* bitcoin available, just that it's the longest and most active chain. If litecoin were to be just as long and active, the price of bitcoins would go down as a direct result.

Bitcoin is not a precious metal. It is not complimentary to silver as gold is, to the point that Bitcoins would be at $10 and Litecoins at $1. That is all mental acrobatics by people who don't understand investment vehicles and stored digital values. Think of it like a company called "Bitcoin" and another called "Litecoin". Both of them make exactly the same product, but one of the companies is newer, has less history behind it, but their product claims to be immune to some of the problems the Bitcoin company's products are seeing (Apple vs Android anyone?).

If your reasoning for Bitcoin being better is the current spot price, or that "there is only one true bitcoin", you're not understanding what bitcoin actually is. It's just a vehicle for storing value. There can be dozens of vehicles, and each one can have it's own followers that give it a "worth", and it is most likely that the most useful and safest vehicle will be the most expensive.

There can be 100 different bitcoin implementations, and *all of them* can have exactly the same price. As a matter of fact, with the issues of premining, hoarding and limited release, I'd be surprised if a large portion of bitcoins didn't eventually move to a second blockchain once things become unprofitable and a bit too much like the current governmental distribution of wealth we have now. Just my two cents.

namecoin, even if is not popular, promotes decentralization of DNS. litecoin is just a copy of Bitcoin.
ripple goes a bit too far doing a potential Facebook killer. Even with the premined XRP, it has possibilities.

Namecoin doesn't get much press that's for sure. Is it's userbase growing or shrinking?

i think you made a pair of good points, but if you can trust math with a bunch of people, seriously you need a doctor. people often violated all rules of economics and you think is a valid approach. see 2008 economics crash.

litecoin is over 4x more valuable than namecoin.  Am I missing something here?  Or is it you think litecoin doesn't have a defined purpose/usefulness?

I have yet to see developers advocate a "socialist" model for mining.  I really don't think there's a lot of adherents of socialism in the upper echelons of Bitcoin.  I could be wrong.

yeah it would be cool if you got something for running a  full client.

sooo, you really think economics is an exact science...

cuu,cuu...

There are already several altcoins.  I think TerraCoin fits the bill you are looking for very easily, and there are plenty of reasonably easy ways to exchange.  Another altcoin might also work just as well.

LOL! +1

 

Retnertarded new addition for the urban dictionary me thinks

And so ThrustCoin was born, the coin that is thrustworthy.

Its amazing how retarded a nerd community can be.

Even if it's a bubble I think it's safe to buy coins for up to 90$ per one.

You could save time and just buy and market litecoins?