Topic: What Can Actually kill Bitcoin? (Read 768 times)

Direct fiat exchanging doesn't mean they are not pegged to bitcoin. Their prices will be based on triangulation between XYZ/BTC and BTC/USD rather being a direct exchange between XYZ/USD. Even then good for you.

Bitcoin is most vulnerable to a divided community that is unable to align behind advancements to the core protocol.

Not really, there are some coins that have direct fiat exchanging.
I'm not naming them though because I want to invest more in them first


You're right,  but eventually Bitcoin will kill itself..  the endgame is failure (for a variety of reasons already covered all over these forums). 
Which will result in other coins taking over.

Nothing as of now. There are two major issues:
1. Every altcoin has to invariably be pegged to bitcoin. So its fate is in some way tied to bitcoin. Until you have a coin big enough to exist independently and traded with USD, you are not going any where.

2. Lack of market. Some altcoins have their own "markets" but they are just convoluted implementations for any retail business to even look at. Then there are some who completely forget about that and think anonymity or some new mining algo is the way out. It isnt. Bitcoin took ages to reach even this stage of acceptance, so unless you have a great marketing plan or an idiot proof way to get retailers on your platform, forget about killing bitcoin.

Some good reading..
https://cryptocointalk.com/topic/7678-multiple-new-altcoin-release-initial-announcement-by-marinecoin/

These guys are psycho..  97% premine ??   
Nobody wants a scam shitcoin like that and all the bs they spew about creating other coins is crazy fear tactics



 

stumbled on to this very recent article that mentions Marinecoin.
SOURCE: http://bitcoinist.net/what-can-actually-kill-bitcoin/
https://pbs.twimg.com/media/ByFEei8CAAEAdqd.png
www.marinecoin.org


What can actually kill Bitcoin?

   by Edward DeLeon Hickman
    September 15, 2014

Amid the turmoil of today’s news regarding Russia “banning bitcoin“… again. It seems a good time to sit back and ask ourselves just what kind of threats cryptocurrencies face both internally and externally.

putin and btcThe obvious starter to this conversation is of course, government regulation. As entrenched oligarchies feel their stranglehold of the money supply loosening we can expect a whole range of tactics to be employed by various regulatory bodies across the globe. In fact, my think tank has been ominously calling the end game of this development “World War C”, as governments realize they cannot stop cryptocurrencies without eventually resorting to violence and outright totalitarian control.

Doomsday scenario’s aside, world governments should really be thanking their lucky stars Bitcoin currently holds the top spot in the cryptocurrency space. As there are a myriad of trickier currencies (some with full on anarchistic leanings) already waiting in the wings. For any world government, it will be best to embrace cryptocurrency in it’s current form or not only will you fall behind the rest of the world technologically as competing markets become more and more efficient but you will also be kicking a hornets nest that will involve some of the brightest minds in the community finding ways to completely subvert or work around your fiat system (something that has arguably already happened with inventions like MarineCoin floating around).

For my part I am less concerned about global regulation than I am about internal threats such as a bug that goes unnoticed for a long period of time or the full on centralization of mining. In fact it was the latter problem that prompted me to explore this issue further as the Beijing, Qingdao and Hangzhou based mine called “Discus Fish” recently surpassed GHash.IO as the largest mining operation in existence.

Whereas just a few months ago GHash.IO was catching flack for it’s ever expanding share of the network now “Discus Fish” seems poised to snatch the top spot and never let go with a dangerously impressive 24% of all blocks mined.