Topic: What cryptocurrency do you have the most faith in the long term? - page 4. (Read 20471 times)
February 11, 2015, 01:08:13 PM
Digibyte
January 29, 2015, 08:54:59 AM
It is surprising to see NXT, NEM, XMR getting more votes than BTC.
Have people completely lost faith in Bitcoin?
Anonymous developer has left, account got hacked. Community takeover now, which always fails. Development stalled. Price declining steadily.Have people completely lost faith in Bitcoin?
You have to ballance risks.
Which crypto are you referring to here?
I think he was referring to Bitcoin although some parts of it are true for all four coins. Just out of interest, I decided to do a comparison (I own all four coins in varying amounts):
Bitcoin
Anonymous developer has left (true since satoshi left in 2010-2011)
account got hacked (true although it's not really relevant)
Community takeover now,
Development stalled (false - see my previous post).
Price declining steadily (true).
NXT
Anonymous developer has left (true since BCNext left in 2013)
account got hacked (false)
Community takeover now,
Development stalled (false).
Price declining steadily (true).
NEM
Anonymous developer has left (true since utopianfuture* resigned under pressure)
account got hacked (false)
Community takeover now,
Development stalled (false but launch is delayed).
Price declining steadily (true in fiat terms but stable when compared with NXT).
I don't know much about Monero so my answers for this are unsure...
XMR
Anonymous developer has left (true since thankful_for_today was kicked out of the project)
account got hacked (no idea)
Community takeover now,
Development stalled (likely false).
Price declining steadily (true).
*Founded the currency but recruited others to do most of the dev work.
January 29, 2015, 08:06:26 AM
Bitcoin has no competition. Zero, none.
Listen to me for once. If you want to invest on stable coin go for bitcoin. All other coins will come and go. Some are very good but competition in crypto is not something you want..it'll kill all the good coins in coming future. Too many scams, too many shill accounts, too much fuds. Bitcoin has limited amount of those. It's the MOST difficult coin to miine and still values 1000x more than most crypto out there.
Invest in BTC you will never be disappointed.
Listen to me for once. If you want to invest on stable coin go for bitcoin. All other coins will come and go. Some are very good but competition in crypto is not something you want..it'll kill all the good coins in coming future. Too many scams, too many shill accounts, too much fuds. Bitcoin has limited amount of those. It's the MOST difficult coin to miine and still values 1000x more than most crypto out there.
Invest in BTC you will never be disappointed.
Only problem with BTC is there is no innovation.
Its already a dinosaur before it even has got of the ground.
I don't agree with his point that Bitcoin should be the only coin in existence. Although I doubt the current situation of 1,000+ clonecoins is what Satoshi had in mind, he did recognize the validity of altcoins that serve a useful function when he contributed to the development of Namecoin - a decentralized DNS system independent of Bitcoin.
That being said, it would be unfair to categorize Bitcoin as a dinosaur either. There are plenty of new developments happening, e.g. sidechains and anonymous tech such as Zerocash. Then you also have projects like Counterparty, Mastercoin, and Colored Coins which aim to provide new features while building on top of the Bitcoin blockchain. The official GitHub repository is quite active too:
http://github.com/bitcoin/bitcoin/graphs/contributors
Feature-wise, Bitcoin is conservative by typical altcoin standards but this approach makes sense since there is a lot more money at stake. I have seen altcoins that tried to implement a feature unsuccessfully (e.g. LottoShares' lottery mechanism, Crypti's proof-of-time algorithm, etc.) and their market caps took huge hits when the technology failed. Furthermore, Bitcoin - being a generalized rather than a highly specialized coin, doesn't really rely on fancy features that would only appeal to particular niches and instead allocates this role to third parties who are given the ability to implement their ideas on top of the core protocol if the need arises.
I am surprised to see the number of people voting for NXT, NEM and XMR are actually much higher than those voting for BTC.
Personally, I don't find it too surprising. After all, this poll is located in the alternate cryptocurrencies section which most fans of Bitcoin would either tend to ignore apart from posting in the occasional thread or more likely completely avoid altogether.
January 29, 2015, 07:53:06 AM
Easily explained
Very few bitcoiners will see this thread (less will bother to vote as there are many polls out there). Many altcoiners believe POW days are numbered.
Very few bitcoiners will see this thread (less will bother to vote as there are many polls out there). Many altcoiners believe POW days are numbered.
Highly possible. I know many long-time Bitcoiners have even put the alt-coin section on ignore list and won't even see this thread, let alone voting on it.
I voted for Bitcoin of course.
January 29, 2015, 06:11:45 AM
Easily explained
Very few bitcoiners will see this thread (less will bother to vote as there are many polls out there). Many altcoiners believe POW days are numbered.
Very few bitcoiners will see this thread (less will bother to vote as there are many polls out there). Many altcoiners believe POW days are numbered.
January 29, 2015, 05:38:20 AM
I am surprised to see the number of people voting for NXT, NEM and XMR are actually much higher than those voting for BTC.
January 29, 2015, 05:07:47 AM
Ripple, as it is backed by a central entity with huge reserves. Sad to say, but the only ones with big chance of success are the ones which are highly centralised and can perform efficiently.
The fact that 100 billion coins are pre-printed and in the hands of the founding company should be a big enough red flag for everybody to not touch Ripple. Nuff said.
http://www.reddit.com/r/Bitcoin/comments/1ezeil/exposing_the_ripple_scam/
Ripple doesnt interest me the slightest, i could have invested in it while it was cheap and made $$$ but i didnt for a reason, expect a dump, ripple is just controlled by a small group of bankers with money to burn...
January 29, 2015, 04:19:56 AM
Ripple, as it is backed by a central entity with huge reserves. Sad to say, but the only ones with big chance of success are the ones which are highly centralised and can perform efficiently.
The fact that 100 billion coins are pre-printed and in the hands of the founding company should be a big enough red flag for everybody to not touch Ripple. Nuff said.
http://www.reddit.com/r/Bitcoin/comments/1ezeil/exposing_the_ripple_scam/
January 28, 2015, 10:44:10 AM
Ripple, as it is backed by a central entity with huge reserves. Sad to say, but the only ones with big chance of success are the ones which are highly centralised and can perform efficiently.
Nah Ripple is shit, it has no appeal whatsoever, Bitcoin is the cool coin.Also obviously people is coordinating to vote other coins that aren't Bitcoin in the poll lol.
January 28, 2015, 10:28:07 AM
Ripple, as it is backed by a central entity with huge reserves. Sad to say, but the only ones with big chance of success are the ones which are highly centralised and can perform efficiently.
January 28, 2015, 06:23:00 AM
Why does Litecoin still hold #3 in marketcap ill never know! lol
January 28, 2015, 05:54:21 AM
I have to agree !
January 28, 2015, 04:41:12 AM
you say nxt but its not for the nxt wallet that burst coin is made is clearly the nxt coin i belive i can be a good coin but bitcoin can beat that
January 27, 2015, 06:56:48 PM
NXT because it has the most usable features.
Yes and that is just one of many reasons to choose NXT
January 19, 2015, 08:13:58 AM
January 19, 2015, 06:41:19 AM
NXT because it has the most usable features.
January 19, 2015, 06:05:30 AM
guldencoin
January 18, 2015, 11:51:43 PM
January 18, 2015, 08:29:41 PM
I have faith in Bitshares because of its large capitalization.
January 18, 2015, 03:01:06 PM
Bitcoin has no competition. Zero, none.
Listen to me for once. If you want to invest on stable coin go for bitcoin. All other coins will come and go. Some are very good but competition in crypto is not something you want..it'll kill all the good coins in coming future. Too many scams, too many shill accounts, too much fuds. Bitcoin has limited amount of those. It's the MOST difficult coin to miine and still values 1000x more than most crypto out there.
Invest in BTC you will never be disappointed.
Listen to me for once. If you want to invest on stable coin go for bitcoin. All other coins will come and go. Some are very good but competition in crypto is not something you want..it'll kill all the good coins in coming future. Too many scams, too many shill accounts, too much fuds. Bitcoin has limited amount of those. It's the MOST difficult coin to miine and still values 1000x more than most crypto out there.
Invest in BTC you will never be disappointed.
Only problem with BTC is there is no innovation.
Its already a dinosaur before it even has got of the ground.
Bitcoin is a lovely old steam engine.
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