which currency is good as bitcoin?? | Bitcointalksearch.org

Estomid

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Quote from: cryptohunter on November 22, 2016, 12:03:56 PM

As good in what way do you mean?

So far in my limited understanding of all this crypto business it would seem

code - open source so i guess any coin can clone but can all devs manipulate and fix as well as the core btc devs? (not sure)
developers - of course top tier but I think their choices are limited more so that some other alts without hardfork
security of network - cost to successful attack very expensive so I guess this gives it a lot of value
adoption - huge in comparison to all others so again gives huge advantage ..breeds trust there so the attracts most new fiat incoming and it stays there.

I think if another currency can knock it from number 1 spot in terms of volume, MC and tech inovation but it will need to be something rather special or just something just as good that is adopted by a huge company. Why they would not just adopt BTC is a question. The only answer could be that BTC's core code is unable to provide what is needed without hardforking which perhaps the devs could not push through or not get agreement on with mining pools.

No currency rivals BTC yet in the most important areas of adoption and perhaps security (not sure there could be wrong) and surely trust so for now btc staying on top in terms of MC and volume for now.

No currency rivals BTC at the moment. But the Bitcoin development is controlled by BS. It might kill the bitcoin.

cryptohunter

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As good in what way do you mean?

So far in my limited understanding of all this crypto business it would seem

code - open source so i guess any coin can clone but can all devs manipulate and fix as well as the core btc devs? (not sure)
developers - of course top tier but I think their choices are limited more so that some other alts without hardfork
security of network - cost to successful attack very expensive so I guess this gives it a lot of value
adoption - huge in comparison to all others so again gives huge advantage ..breeds trust there so the attracts most new fiat incoming and it stays there.

I think if another currency can knock it from number 1 spot in terms of volume, MC and tech inovation but it will need to be something rather special or just something just as good that is adopted by a huge company. Why they would not just adopt BTC is a question. The only answer could be that BTC's core code is unable to provide what is needed without hardforking which perhaps the devs could not push through or not get agreement on with mining pools.

No currency rivals BTC yet in the most important areas of adoption and perhaps security (not sure there could be wrong) and surely trust so for now btc staying on top in terms of MC and volume for now.

Betwrong

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Quote from: CasioK on November 07, 2016, 04:58:42 AM

Quote from: TravisNeko on November 03, 2016, 09:47:33 PM

Quote from: Estomid on November 03, 2016, 02:06:44 PM

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Yes I agree about this fact, Zcash is doing great these days so I think it also has a good future and that it can become more used and more popular.

Please tell me one reason why you think Zcash has a future ?
I think the price has been constantly going down even as the coin is very new. I think better would be to invest in BURSTcoin since it has innovative HDD mining which I see having a good future. More and more people will use it in future, I am sure.

That's right, ZEC has fallen from 2.39 to 0.075 in just three weeks. Many people lost their money investing in the coin in earlier days. I'm wondering how it was possible to start from such a high price as BTC2.39 and what people were expecting buying at say 1.8?

I think no other currency can be better than Bitcoin or even as good as it is.

pinkpanther03

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Quote from: Nelka4 on September 21, 2016, 06:19:02 AM

I am new here, and i want to hear your opinion, ideas and advice. Thanks

I would suggest that it is much better for you to read first in the forum we had it in here for you to find out more about in bitcoin and to learn how the community here lived with bitcoin. Then in the long run you will find out how the cryptocurrencies became stable in crypto world though they are few only.

iamnotback

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The reason that most of the altcoins just copy an existing code base and tweak a few parameters thus really not a challenge to the established leader(s), i.e. Bitcoin:

https://download.wpsoftware.net/bitcoin/alts.pdf

It is really, really hard folks. One little detail wrong and poof ... your money is gone...

serjent05

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Quote from: mummybtc on November 09, 2016, 05:52:27 AM

There is still none, is there any coin you can use to buy drugs or guns yet?. Most of these project have not really differentiated themselves from Bitcoin but rather a speculative tools relying majorly on the success and glory of Bitcoin

I agree there is at the moment none among the created cryptocurrency is as good as bitcoin. The reason is that thise new altcoins also relies in bitcoin value, though some were majorly used in transactions in the dark net, because of their anonimity feature, but even with that usage, they are not as good as bitcoin when it come to base users, application and many more.

GrossBit

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Quote from: mummybtc on November 09, 2016, 05:52:27 AM

There is still none, is there any coin you can use to buy drugs or guns yet?. Most of these project have not really differentiated themselves from Bitcoin but rather a speculative tools relying majorly on the success and glory of Bitcoin

ZEC, at least today...

mummybtc

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There is still none, is there any coin you can use to buy drugs or guns yet?. Most of these project have not really differentiated themselves from Bitcoin but rather a speculative tools relying majorly on the success and glory of Bitcoin

kiklo

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Quote from: Ayers on November 07, 2016, 11:18:35 AM

if you mean that zeit is decentralized in the mining because there are no asic, this is only because this coin zeit, is not valuable enough to build an asic it, to the contrary bitcoin is worth billion, so it is more centralized, bitcoin also take 10 mean for a reason, to avoid orphan block

and come on staking is bad, everyone know it, the richer just get richer, the only way is pow at the moment

Hmm,

You do know that ASICS Can Not be Built for a Proof of Stake coin.

Proof of Stake Coins are completely ASICS RESISTANT.

As far as the rich getting richer,
PoW Miners make all of the money and the holders make Squat, (or at best the variance of the market price.)

As far as Staking , it is Great and everyone that owns the coin can do it.
There has just been a lot of asshats spreading lies to hit it with Bad PR to hinder its growth.

PoS coin like ZEIT wait 20 Days before a new block can even stake,
this prevents the compound interest effect that some coins with interval of only a few hours use to make the rich as you say richer.
ZEIT is one of the Fairest Staking coins out there.

Cool

FYI:

Quote from: kiklo on March 31, 2016, 05:37:55 PM

Proof of Stakes verses Proof of Work

Quote

Proof of Stake is the only way to make money in the long run , buying Sterile BTC or Tokens that can not make more of themselves is Pure Speculation.

Example: It is like a farmer buying a herd of cattle that are sterile. He only makes money if the market is higher when he has to sell, if the market is down when he has to sell , he just wasted his Time & Money, where if he buys a herd of cattle that can produce Offspring, he is able to keep his original amount of cattle and sell off any excess , therefore giving him a
Lifetime of Revenue verses a One-time Completely Speculative Time Sensitive Investment

FYI:
This example was used , because in the evolution of PoW mining , the Elite Few always end up controlling the ability to generate new PoW coins due to economic factors.
Proof of Stake (with at least 15 days between staking) is the only way to keep the Rich & Poor on equal footing for the ability to generate new coins.

FYI2:
One other Point of Interest,
PoW Miners can sell the coin they make , but they keep the ASICS , this allows them to keep control of the network and sell you its worthless tokens , for without the ASICS, the PoW Coin network is dead.
PoS Coins, when they sell their coins they sell their % of their ability to make more.
Plus anyone that owns a PoS coin can keep it's network running, the elite don't control it totally like in a PoW network. Wink

PoS coins the Value is in the Coin, PoW coins the true value is in the ASICS.

Ayers

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Quote from: kiklo on November 06, 2016, 03:55:32 AM

In my opinion ZEIT is Better than BTC.

Reasons why
ZEIT is Decentralized, BTC lost that when the Chinese mining pools went over 51%.

The Value of ZEIT is in the coin , the value of BTC is in the ASICS.
So when someone sells their ZEIT, they decrease their future earning capacity, when Chinese Miners sell BTC , they keep their ASICS and control over BTC.

BTC takes 10 minutes (if not overloaded) , to find a new block,
At ZEIT we find a new block ~ every 30 seconds, complete confirmation 4 blocks deep in only 2 minutes.

Hold BTC for 30 days and you only have the amount you started with.
Hold ZEIT for 30 days and have the amount you started with, Plus the interest on that amount. (Staking Reward)

BTC PoW mining is a waste of computational & energy resources,

ZEIT PoS is energy efficient and does not require constantly buying new ASICS to keep competitive.

if you mean that zeit is decentralized in the mining because there are no asic, this is only because this coin zeit, is not valuable enough to build an asic it, to the contrary bitcoin is worth billion, so it is more centralized, bitcoin also take 10 mean for a reason, to avoid orphan block

and come on stacking is bad, everyone know it, the richer just get richer, the only way is pow at the moment

kiklo

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Quote from: 2Pac on November 07, 2016, 08:49:12 AM

Bitcoin's only missing part was micro payments but after Segwit and Lightning Network that missing part is completed. Now any other currency is as good as Bitcoin but you can still use some altcoins such as XMR, DOGE, LTC for various reasons.

https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127

Quote

The Lightning Network’s Failure Mode

The Lightning Network failure scenario described by Todd, takes place when a large number of people on the Bitcoin network need to settle their Lightning Network disputes on the blockchain in a relatively short period of time.

“We do have a failure mode which is: Imagine a whole bunch of these [settlements] have to happen at once,” Todd explained. “There’s only so much data that can go through the bitcoin network and if we had a large number of Lightning channels get closed out very rapidly, how are we going to get them all confirmed? At some point, you run out of capacity.”

In a scenario where a large number of people need to settle their Lightning contracts on the blockchain, the price for doing so could increase substantially as the available space in bitcoin blocks becomes sparse. “At some point some people start losing out because the cost is just higher than what they can afford,” Todd said. “If you have a very large percentage of the network using Lightning, potentially this cost is very high. Potentially, we could get this mass outbreak of failure.”

2Pac

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Bitcoin's only missing part was micro payments but after Segwit and Lightning Network that missing part is completed. Now any other currency is as good as Bitcoin but you can still use some altcoins such as XMR, DOGE, LTC for various reasons.

JeffBrad12

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Quote from: justdimin on November 07, 2016, 08:14:37 AM

Quote from: Estomid on November 03, 2016, 02:06:44 PM

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

ZCash is one coin I will NEVER advice anyone to buy .. because the price is expected to go lower and lower as the people mine and sell it. It started with 50 bitcoins and now its around 1 BTC ( well, might be less or more since its price fluctuates too quickly ).

No, it's will better things if zcash are starting from 50btc but it's started by 3500btc in the first hour of sale, and looks like getting decrease over 1000000%..... I thought will get another decrease again, but in this time the little pump has happened for increasing the demand of zcash again. more expensive it's not mean it's better.

justdimin

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Quote from: Estomid on November 03, 2016, 02:06:44 PM

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

ZCash is one coin I will NEVER advice anyone to buy .. because the price is expected to go lower and lower as the people mine and sell it. It started with 50 bitcoins and now its around 1 BTC ( well, might be less or more since its price fluctuates too quickly ).

Zadicar

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I dont think any altcoin which is good as bitcoin as of these days i see no one could able to compete with it , infact people still use bitcoin above all those altcoin do exist today and all of them rely on bitcoin itself because its the main crypto or father of crypto currency. I do see some Good alts too like ETH,ETC many to mention.

CasioK

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Quote from: TravisNeko on November 03, 2016, 09:47:33 PM

Quote from: Estomid on November 03, 2016, 02:06:44 PM

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Yes I agree about this fact, Zcash is doing great these days so I think it also has a good future and that it can become more used and more popular.

Please tell me one reason why you think Zcash has a future ?
I think the price has been constantly going down even as the coin is very new. I think better would be to invest in BURSTcoin since it has innovative HDD mining which I see having a good future. More and more people will use it in future, I am sure.

olubams

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In all sincerity from my own point of view, I dont think there is any Crypto currency that is as good as Bitcoin as at this very moment. I dont know anything about the future. Because we've had enough 'the best this", "the best that" and at the end they just still queue behind Bitcoin and even all other coins coming into the crpto world are even traded against the Bitcoin to know their real value. This alone has actually put Bitcoin ahead of all of them...

legdunes

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There is no crypto as good as Bitcoin. Simple.

robelneo

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All the other coins are litecoin or bitcone clone,so I would say bitcoin has no competition,there are some other crypto currency that came and will come out to challenge bitcoin,but they all failed and will fail.

Harry Callahan

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Quote from: Estomid on November 03, 2016, 02:06:44 PM

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Zcash is just a hype train and it will go down hard pretty soon,they are just pumping it hard and the amount of time and money they paid for advertisement is paying off,things will settle down soon

Topic: which currency is good as bitcoin?? (Read 2304 times)