Topic: which currency is good as bitcoin?? - page 2. (Read 2271 times)

At the moment for me no crypto is good alternative with bitcoins since in my country altcoins are pretty unknown to anybody and bitcoins is the only one who we can exchange to cold cash without hassle, thats the reason i don't bother to hold any potential coins and basically exchange them to bitcoin since don't trust their price stableness unlike bitcoins that we can make sure that we are on safe side since bitcoin is well establish cryptocurrency

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.
 



 

No alt coin is as good as bitcoin, because there are too many coins that appear And there are not enough user to used it, so the price become unstable, there were some coins claims to be replacing bitcoin but until now nothing is as good as bitcoin

I don't know why people say so.  Bitcoin is the first cryptocurrency, and yes, because of its mysterious creator that has disappeared (and is maybe dead by now), and because it was the first of which nobody could know that it would ever take on some value, it has the great advantage of being mostly free of the suspicion of "designed to rip you off".  So yes, bitcoin is probably the sole crypto currency of which there is no suspicion of scam (if the Satoshi addresses are never used).  Also, because the crypto scene is still young, bitcoin being the oldest, it also has the highest market cap, and the biggest quantity of proof of work.

But on the other hand, bitcoin being the first crypto, it has the worst technology.  It failed *miserably* at being distributed concerning mining (because of the naive PoW scheme and the ASICS with their entrance threshold and their economies of scale), and it also failed concerning privacy.  It has a terrible emission scheme, with halving shocks.  It has too long block times.  And it has other problems with its finite supply, its hard block size limit.  In other words, bitcoin is a very very well succeeded prototype.  It did get amazingly many things right from the start, but it also ran into problems which have found solutions in altcoins.

What is great about bitcoin is its distribution, exactly because of the "no initial scam" suspicion.  But what's bad about it are several technical and economical aspects, which are however now part of the "frozen-in consensus".

I think that the main problem with altcoins is not so much their often improved technology (on the contrary) but the fact that they *start anew*.  I think that a successful alt coin shouldn't start with a new genesis block, a new emission scheme, and hence (now) a suspicion of scam and get rich scheme by the devs/investors, but should be a FORK of bitcoin, where the current bitcoin distribution is taken as the initial coin distribution of the new coin.

There wouldn't be any suspicion of "initial scam" in such an approach.

Bitcoin is the only true cryptocurrency.  Altcoins are a smokescreen hiding a bunch of muggers waiting to get their mitts on your bitcoin.

USD, Euro, Yuan, etc. etc.

Oh, you meant crypto? None. They are killed shitcoins for a reason. Bitcoin is the only one with long term value.

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.

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

Depends on what you want the currency for.  You have to know that apart from playing in a casino that is a zero-sum game based upon "greater fool theory", crypto currencies are not so much used.

What people around here call "crypto investors" are nothing else but scammers that try to find other would-be scammers that they can rip off.  This is why they look for "crypto currency adoption", because that is, to them, an influx of more sheeple to scam, that is, to sell them crypto tokens at a higher price than they bought it themselves.

For instance, someone who spend $10 on the possession of 100 bitcoin in 2011 or so, and sells it to a newcomer who will pay him 60 000 $ for those same 100 coins, has been playing "greater fool theory" with success and scammed the newcomer.  That newcomer will not complain, because that newcomer is hoping to re-sell these same 100 coins in a few years for, say $200 000, to a still greater fool.  The last layer of fools will have coughed up the whole benefit of his predecessors: that's grossly what "market cap" measures.  At this moment, for bitcoin, it is around $ 10 billion, which means that the current bitcoin buyers grossly have coughed up $ 10 billion to make early adopters rich (this is not true, market cap overestimates that amount, because of dormant accounts and the lack of circulation of bitcoin).
So if tomorrow, bitcoin collapsed, the last row of bitcoin holders are the guys and girls who where the victims of all those making profit on "bitcoin investing".

Altcoins are the same.

This is the biggest usage of bitcoin and altcoins: gambling in greater fool theory.  Most of this doesn't happen on the block chain, but on the web sites of exchanges, and the block chain doesn't even have to exist in a certain way, to play this game.  It is sufficient to have virtual tokens on exchanges, and gamble with them between peer gamblers (sorry, investors).

But there are other usages.   They are very minor.

The most important secondary usage, is as a currency.  To buy stuff over the internet with, on official sites, or on dark markets.  This was the original purpose of bitcoin, but I think it is only a minor part of the transactions.

Another usage is smart contracts.  Ethereum is the best known coin here.  But there also, the use of ethereum for smart contracts is essentially negligible as compared to the gambling of ethereum tokens in exchange-casinos.

Several other coins exist.  Monero is a currency, similar to bitcoin, but making the successive transactions cryptographically difficult to track.   Steem is a currency with which you can vote on blog articles.  Litecoin has about the same currency function as bitcoin.

But most coins are not used much, apart from betting tokens in the greater fool casino game.

So to answer your question, one should know what you want to do with it.  Buy stuff on the internet ?  Make deals with other people ?  Hide your expenses ?

yet accumulating makes it less of a currency....go figure 

If you are asking which altcoin is a s good as bitcoin, it's hard to say. Bitcoin is more established so even if an altcoin had better functionality, itmay never become as valuable as bitcoin.

There is only bitcoin. Altcoins are used by their developers for pump and dump to make some one rich.

So called bitcoin wanna be-s like NXT , ETH and DAO tried to take bitcoin place and the three of them failed miserably to do so. In fact 2 of these altcoins even were hacked and that just emphasized even more that bitcoin cannot be fought through altcoins. Not now, not ever.

I also heard that some people or the community are hyping some of the altcoin such as Ethereum or Monero.

bitcoin is still king


alt coins are just used to accumulate more bitcoin

in currency crypto ?? I think there is nothing better than bitcoin might ethereum can compete with bitcoin but still waited 10 years if ethereum can survive.

Probably some current or future altcoin. But this will only be known in the future, now there is no way to know exactly one is as good as Bitcoin

Specifiy what you mean with currency. Do you mean alternative crypto currencies (altcoins)? Probably Monero is a good one but hard to say because every crypto currency is different. Or do you mean fiat money currencies? The only one what comes to my mind is the Swiss Franc. Or maybe even assets which could be seen as currency? Then I would go for Gold and Silver.

Etherium and Monero are starting to be accepted at some sites, and look like they might have a future.could
Investing in them could possibly yield a profit.
I've seen Lisk mentioned some but I'm not sure of anyone that is accepting it as payment.

The problems with other coins\projects that people just hype only bitcoin , many good project with advance technologies than bitcoin but people only trust bitcoin as the mother of all project which is not going to die . 

There are no one right now and it is hard to say anycoin as good as bitcoin because there are few coins which have different purposes than bitcoin and also have nice future but they couldn't replace bitcoin completely. XMR, LISK are few that may bring some real life applications in future as well as chance for them growing in price is also high.

However don't take anyone's decision as complete advice for you to do same including mine. Do your own research before jumping into anycoin.