Topic: What altcoins are good for bitcoin adoption? (Read 1551 times)

Litecoin and whatever other alt that has enough trade volume to serve as an adjunct 2nd layer of obfuscation to Bitcoin.

cyber coin has started pretty good i think

I never understood this either dude, but those who hate on alts are i think bitcoin holders and don't want the attention going to another project but rather want the money stay in bitcoin. Basically they are protecting their asset, even if an alt project is super legit they still show hate, it's disgusting. Or else why would anyone try to fud a legit alt coin project, it being an ico is the lamest excuse ever.

Only Dogecoin seems to have benefitted the bitcoin adoption. I have seen several people who got into bitcoin after getting into dogecoin first.

Dogecoin was initially much easier to obtain, and people used to make it popular by sponsoring race drivers etc. And once someone knew about doge, next step was bitcoin .

i do agree at a certain extent that alt coins are good too.. but honestly i prefer to stick to bitcoins, unless miraculously alt coins are able to generate a 1:1 or 1:0.5 of bitcoins

Very well said indeed! I agree with every point. I think what we will end up with in a year or two is a handful of cryptos and people will use the one that fits the situation or that is used by the community they belong to, and Bitcoin will always be the leader.

I've never understood the hate (fear?) many bitcoiners express towards altcoins. Sure, there are plenty of scams to beware of. But by that logic all the anti-bitcoin people in general society are right in dismissing bitcoin as "a Ponzi scheme" and similar nonsense because of scams involving bitcoin.

Altcoins bring some important benefits:
1. A testbed for ideas and technologies without risking the flagship (bitcoin) in an experiment gone bad.
2. Catching the attention of people in particular markets or with particular interests that might not otherwise pay attention to bitcoin. This can lead them later to buy into bitcoin, because they first learned about the other cryptocurrency. (For example, there are probably some people in Iceland who have bitcoins today because of the frenzied speculation and airdrop of auroracoin.)
3. Diversity of characteristics. Money is used for different purposes, and over the long run there will not be a single one-size-fits-all currency. Some cryptocurrencies will be optimized for the fastest transaction times, others for the highest security, others for the utility of their blockchains in other purposes, and so on. Imagining a single world currency (except under totalitarian dictatorship) makes no more sense than imagining a world where everyone is happy with just one type of vehicle, no options allowed.
4. Competition. Competition is a good thing, preventing complacency and driving improvement.

I think you miss the point.  Cryptocurrencies are here to empower us first and foremost.  It is revolutionary.  Profit and everything is come secondary.  So if people are bankrupt because they invested in a crypto or in real estate or in a stock, then that's their own fault.  But calling Doge a shitcoin pump and dump is kinda harsh in this case.

Instead, take a look at what it has achieved...  http://dogecointimeline.com

Not bad for a "shitcoin pump and dump".  And I am pretty sure Satoshi himself would agree.

is thanks to doge if the users base grew in the crypto scene, this is the only good aurgument in favor of it, besides this yes it's just another shitclone, but at least less shit than the rest of the altcoins

While I can't deny that some (not all) altcoins are actually good in terms of promoting bitcoin, this only represents a small portion of everything. Most of the altcoins I ever come across, would say cause more harm than good to destroy bitcoin reputation. Newbies in the crypto scene especially is basically clueless on what is happening and for them, altcoin = cryptocurrency = bitcoin and when it turns out to be a scam, that is where bitcoin reputation suffers.

This, Doge tricked others by expressing itself as a cute harmless dog, while it was just a shitty alt and even at some point trying to compete with bitcoin, but because its a dog some retarded bitcoiners were tricked into believe its harmless awww. Now imagine if doge had a different brand, those same bitcoiners would talk smack. Smart move by doge but fortunately people realised that its just shitcoin with no innovation and a retarded overpriced dog meme.

I don't know why so many people are supporting Doge here. Doge is just another shitcoin, which had a pump and dump. It tried to steal users away from BTC and failed in that.

And moreover, a lot of people have become bankrupt as a result of Doge. In January 2014, it was going at BTC0.000002-000003. Now its price has been reduced by some 5-6 times.

True.  But I think the bitcoin community and even the Bitcoin Foundation should start embracing some of the legit altcoins (ltc and doge come in mind), to build a ecosystem between these coins.  That's where we're headed anyway.  Why not make it official?

I agree.  They have an awesome community.  And Dogecoin has done a lot more helping others, more than any other altcoin... maybe even bitcoin.

exactly what i am trying to do, not to invest in things that would make me die of hunger later... for the time being to be honest, i am only learning. thanks buddy

Check the coin in my sig.

AI is trending and Sapience AIFX is the first to implement it via the Bitcoin codebase.

The coin is SERIOUSLY undervalued at $60K marketcap at time of writing.

It also has a fully functional decentralised database running on testnet.

Look for coins with purpose.

Good luck and be careful it you are thinking of investing in alts, do PLENTY of research and don't invest what you can't afford to lose.

i agree with you, but the price of it is pretty much un competable to bitcoins

Dogecoin for sure.
Many people that missed bitcoin were successful with Doge. It also have good support, I think in some areas doge used to be better supported than btc itself.
Litecoin too, it supposed to be silver to bitcoin's gold.
Huntercoin/ Motocoin - games with built-in games that you play to mine coins - verrry clever.
Wankcoin - one of few altcoins with real use, accepted as payment on a network of sites very soon after release + some other coins with guaranteed acceptance on creator's site.

whats the best alt coins?

Altcoins are a good experimental bed for features that Bitcoin could look to adopt if it needed to.