What makes Bitcoin new from Other coins

sunsilk

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Quote from: uche6215 on Today at 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative

Changed narrative of what? maybe because of the adoption that's happening with the financial institutions and they're also buying it, right?

Quote from: uche6215 on Today at 01:57:49 AM

and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?

It's because it's the king of this market. Nothing new, nothing less. People especially the new ones need to figure that out and they always talk about the expansiveness of it but that's what you get when you firstly saw it.

But if you are up for being a long term guy on this market, that is what's the difference of it. The global adoption and acceptance of it is no-brainer.

MeGold666

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Quote from: Alphakilo on Today at 04:20:21 AM

...Governements are interested in it, financial institutions are constantly talking about it, and entrepreneurs can't wait to hold a lot of it in their wallets.

Of course gov and old financial system is interested in it! as it gives them a lot of power - you can't hide how much you have and they can tax you to the oblivion.

Project to tax you from unrealized capital gains is already in the way, so you will have to send them big portion of your coins.

It's a win win for them.

Alphakilo

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Quote from: uche6215 on Today at 01:57:49 AM

Let have your view concerning what makes Bitcoin stand out from others?

Without trying to talk about the fundamentals of bitcoin and all of those things that the more knowledgeable members would have touched on, I will give you my view on why I think bitcoin stands out from the other coins from a personal perspective. Bitcoin has been the only consistent coin that even when its price drops, you are not scared that some big whales are going to crash it and it will be the end of the project. You can rest assured that the price will increase. This is what we are currently seeing. Some months ago the price tanked to $15,000 and here we are at over $90,000.

My other perspective on why I think that bitcoin stands out from the other coins is that everyone can see that it is the coin that is drawing the most attention from everyone. Governements are interested in it, financial institutions are constantly talking about it, and entrepreneurs can't wait to hold a lot of it in their wallets. Private citizens are doing dollar cost avarage to hold more because of its potential. The handwriting on the wall about bitcoin is obvious. For all of these, we cannot say about the other coins.

kotajikikox

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Quote from: uche6215 on Today at 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Hmm. I don’t think Bitcoin “stands out from others”. Why would you have to stand out when you are the ORIGINAL and the one that everyone tries to copy?

Bitcoin is the first decentralized cryptocurrency and is the most successful one. It has the highest marketcap and is the one most commonly traded even until now. Launched in 2009 but ever since then its value kept rising despite volatility and price fluctuations.

If anything other altcoins should be the one trying to make themselves stand out from the hundred altcoins out there and step out of the shadow of bitcoin.

MeGold666

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Quote from: Plaguedeath on Today at 03:18:11 AM

...
Aside from decentralization, Bitcoin was never been hacked, unlike other coins.

Bitcoin has been hacked, devs fixed the inflation bug and reversed the chain.

Source: https://news.bitcoin.com/bitcoin-history-part-10-the-184-billion-btc-bug/

It could be fixed without big drama because it was early, today if this would happen it would collapse Bitcoin.

Plaguedeath

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The difference is, Bitcoin has real life use case while most of altcoins didn't.

Other coins that has use case is Monero, it's used for anonymity. But it can't be popular because every centralized entity are against Monero.

Aside from decentralization, Bitcoin was never been hacked, unlike other coins.

Finestream

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Think of Bitcoin as digital gold, and that settles the argument. I’m not against altcoins, but if you check the scam rates in the altcoin market, you’d be shocked, it’s way too high. That’s exactly why Bitcoin earns more trust over altcoins. And let’s not forget, the word "altcoin" literally comes from "alternative." Altcoins only exist because of Bitcoin. Without Bitcoin paving the way, there wouldn’t even be altcoins to talk about.

Marvell1

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Quote from: uche6215 on Today at 01:57:49 AM

Let have your view concerning what makes Bitcoin stand out from others?

I remember we have discussed this many times before and you should have no trouble finding the answer to your question if you take the time to search first. Also, if you take the time to read about the white paper and what satoshi's real purpose was in creating bitcoin, you will know the difference between it and the rest of the market.

By the way, bitcoin has become a topic of interest and attracted more world attention than any other coin on the market in the past 15 years, not just recently.

Oshosondy

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Bitcoin stand out because it is decentralized. It is also what people are going for, making it to have a dominance of almost 60%. The only coin that have over a trillion dollar market cap. The coin that people around the world prefer to adopt. Having no known creator which makes it to look natural unlike the altcoins that has known creators.

mocacinno

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Quote from: uche6215 on Today at 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

New? Nothing... Bitcoin wasn't exactly the first try at digital cash, but it was the first one i consider to be successful. Because it was the first successful one, it has the most miners, the most users and the highest market cap.
It's because of the POW algo and the vast amount of miners that bitcoin is secure, because of the widest adaptation the market cap is the highest.

But different from altcoins? Nothing, i guess? Even the first altcoin (litecoin) is just a slightly changed clone of bitcoin. It has a shorter average time between blocks, and they created a different POW algo, but the rest is *allmost* a carbon copy.
There are tons of other altcoins out there that are *allmost* carbon copy's aswell, so i guess there is nothing really different between bitcoin and these alts, except the sheer amount of miners and users.

uche6215

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With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Topic: What makes Bitcoin new from Other coins (Read 68 times)