It really is an interesting comparison. However in contrast to sports cards, Bitcoin and altcoins are not for collecting purposes only - they have a practical utility as currencies. The reason that Bitcoin is unlikely to be endangered by these altcoins is not that individual altcoins are on oversupply or that these altcoins are not used. The reason that Bitcoin is valuable is also not based on the loss of significant parts of its supply.
The simple reason of why Bitcoin is valuable is that it was the first cryptocurrency. Bitcoin stands out against all other altcoins simply because it was a first mover. The correct aspect of the sportscard - altcoin comparison is that the number of different kinds of altcoins has grown very large. Because individual altcoins are only perceived as members of the seemingly homogeneous "altcoin"-category, every new altcoin adds to the "oversupply of alternatives" to Bitcoin.
ya.ya.yo!
Topic: Why better tech can't kill Bitcoin - page 5. (Read 5299 times)
bitcoins already have too much users
so they can not kill it
buy and sell blade and soul gold we accept bitcoins
so they can not kill it
buy and sell blade and soul gold we accept bitcoins
You know I don't exactly agree of it as a "useless collectible" It does have uses. Will Bitcoin survive as the main cryptocurrency in the long run? We don't really know right now.
There is a lot of future forecasting which we really do not know what will happen to the state of Cryptocurrency in general.
There is a lot of future forecasting which we really do not know what will happen to the state of Cryptocurrency in general.
If you ask why,then we gonna answer because that technology not yet appear or founded,lets compare bitcoin with other digital payment,and we know bitcoin was number one in security and easy to acces and lowest fees. then we should know what next technology that can beat bitcoin as better payment and investment,might you all think Etherum can do that?
What's more secure, you ask than bitcoin?
A bitcoin alt using SHA-512
If you ask why,then we gonna answer because that technology not yet appear or founded,lets compare bitcoin with other digital payment,and we know bitcoin was number one in security and easy to acces and lowest fees. then we should know what next technology that can beat bitcoin as better payment and investment,might you all think Etherum can do that?
This statement is simply untrue, kill is a fancy word - tech happens all the time, who knows if better tech will displace BTC greatly.
The bitcoin is technology based. It will evolve all the time. So it can adopt the new technologies and will not be replaced.
This statement is simply untrue, kill is a fancy word - tech happens all the time, who knows if better tech will displace BTC greatly.
Sport cards can be printed like toilet paper, and it's value will go down.. like fiat money printed out of thin air. Bitcoin will never follow that route..because as we know, there are not a infinite supply.
The Alt coins on the other hand, can bring competition to the market, but it's centralized control and the uncertainty of the coin cap, will always be a possible threat or a risk factor. We know where we
going with the supply,and we know how many Bitcoins there will be in the future... no guess work needed.
The Alt coins on the other hand, can bring competition to the market, but it's centralized control and the uncertainty of the coin cap, will always be a possible threat or a risk factor. We know where we
going with the supply,and we know how many Bitcoins there will be in the future... no guess work needed.
What if we would use all computing power or supercomputers , like bitcoin, to brood force inactive or lost wallets in the future? It would be like real gold mining. You try to crack a wallet long enough and might get your reward. 10k BTC from a lost wallet. Not everybody used multi sig back then.
"The perfect digital gold."
Bitcoin may of followed gold prices today.
Bitcoin will inevitably evolve overtime. It's become popular nowadays thus it's demand will be higher. I think when we get to the stage where we are living with robots, bitcoin is the main currency in the world. People love to use stuffs that are famous, because they think they are 'in'.
And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
you are right. in fact it could just be the opposite.And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
today bitcoin currency is best used on the Internet, perhaps the development of technology, the bitcoin will grow. maybe those future use bitcoin as a means of transactions because of its speed in transactions, so maybe this will be in the mix with new technology
Speed in transactions? People are ranting about how the confirmations are taking too long. It takes an average of 20-30 mins before the block is mined. This is actually one of the weaknesses of BTCTC. There are tons of transactions going on, meaning there would be some traffic before the coins completely go into your wallet. Nevertheless, I'm pretty sure someone might resolve this issue. Maybe the traffic can't be resolved but people might find a way of coping with the situation of this. For example, after 1 confirmations in blockchain.info, that transaction is already counted as done.
You can consider that when sending bitcoins, 1 confirmation means the transaction is done because unlike with other processors, you can't cancel your transaction in BTCTC once you clicked the 'send' button.
Bitcoin will inevitably evolve overtime. It's become popular nowadays thus it's demand will be higher. I think when we get to the stage where we are living with robots, bitcoin is the main currency in the world. People love to use stuffs that are famous, because they think they are 'in'.
And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
you are right. in fact it could just be the opposite.And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
today bitcoin currency is best used on the Internet, perhaps the development of technology, the bitcoin will grow. maybe those future use bitcoin as a means of transactions because of its speed in transactions, so maybe this will be in the mix with new technology
Bitcoin is the first to come and that's its best advantage. Nothing will ever surpass it and people have to integrate that. But does the other crypto-currencies have to surpass Bitcoin to exist ? No, they can simply cohabitate.
Bitcoin will inevitably evolve overtime. It's become popular nowadays thus it's demand will be higher. I think when we get to the stage where we are living with robots, bitcoin is the main currency in the world. People love to use stuffs that are famous, because they think they are 'in'.
And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
you are right. in fact it could just be the opposite.And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
today bitcoin currency is best used on the Internet, perhaps the development of technology, the bitcoin will grow. maybe those future use bitcoin as a means of transactions because of its speed in transactions, so maybe this will be in the mix with new technology
Bitcoin is the reserve currency of gambling:
Re: [POLL] Should Alternative Currencies Have Their Own Forum Section ?
Although philosophically I'd like to vote "yes", I voted "no" because the reality is the scams are the BTC economy:
Potentially another manipulated market such as the argument about Mt.Gox bubble upthread. We could be witnessing a cashing out from recent altcoin bubbles while buying from himself to create the illusion of a rising price while doing so as they ostensibly did for the ETH bubble, e.g. Vitalik using Coinbase to cash out from ETH -> BTC -> USD.
Free markets = decentralized markets.
When you have whales and most volume going through 1 or 2 exchanges, you don't have decentralized markets.
I agree the two go hand in hand. Since alt coins are really the biggest thing you can purchase with BTC, ...
This is true. Most people don't want to trade their BTC for a non-CC asset, because this their gambling money. They can't buy mining equipment with BTC to increase their holdings of crypto-currency. This is why ICOs have become more popular than mined distribution, with the ASIC resistant Monero as an exception.
ASICs killed the mining ecosystem. This has been r0ach's point, that if the coins don't circulate, then the ecosystem dies. Bitcoin is dying. Only the altcoin circulation kept Bitcoin alive.
Although philosophically I'd like to vote "yes", I voted "no" because the reality is the scams are the BTC economy:
Any way, I'd like to not see altcoins dominated only by get quick rich and not some serious attempts to fix Bitcoin's flaws and create a large adoption market. But the more I think about this, the more I realize if that ever happens it will be largely outside of this forum. This forum is a gambler's paradise. I need to remind myself that I we here are in an enclave.
At the moment, they don't really have any competition or at least any that markets their services very well.
Potentially another manipulated market such as the argument about Mt.Gox bubble upthread. We could be witnessing a cashing out from recent altcoin bubbles while buying from himself to create the illusion of a rising price while doing so as they ostensibly did for the ETH bubble, e.g. Vitalik using Coinbase to cash out from ETH -> BTC -> USD.
Free markets = decentralized markets.
When you have whales and most volume going through 1 or 2 exchanges, you don't have decentralized markets.
Nobody invests into BTC or mining equipment anymore. When did you bought ASICs valued 10.000 USD last time? Aren't those USD you now use to buy BTC just been taken from former BTC sales?
Bitcoin cannot do without Alts, both built up a complete whole economy. Remember people are not buying/selling anything using BTC, they just gamble on Alts. Basically I do agree on BTC up causing Alts going down and vice verse. Enclosed system like two water tanks with a flexible tube connecting them.
Bitcoin cannot do without Alts, both built up a complete whole economy. Remember people are not buying/selling anything using BTC, they just gamble on Alts. Basically I do agree on BTC up causing Alts going down and vice verse. Enclosed system like two water tanks with a flexible tube connecting them.
I agree the two go hand in hand. Since alt coins are really the biggest thing you can purchase with BTC, ...
This is true. Most people don't want to trade their BTC for a non-CC asset, because this their gambling money. They can't buy mining equipment with BTC to increase their holdings of crypto-currency. This is why ICOs have become more popular than mined distribution, with the ASIC resistant Monero as an exception.
ASICs killed the mining ecosystem. This has been r0ach's point, that if the coins don't circulate, then the ecosystem dies. Bitcoin is dying. Only the altcoin circulation kept Bitcoin alive.
So bitcoins to you are a fad 
Highly unlikely as those other things mentioned were valuable to the "collectors" but bitcoin is of value to everybody as everybody I know "collects" money. It is the exact same value to everybody at that given time of the exchange.
Highly unlikely as those other things mentioned were valuable to the "collectors" but bitcoin is of value to everybody as everybody I know "collects" money. It is the exact same value to everybody at that given time of the exchange.
First, you have to understand how an exchange works.
An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers.
So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money.
Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange."
What do you mean by "It is the exact same value to everybody at that given time of the exchange"?
If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or?
But yes 1btc for a dollar - AT THAT GIVEN MOMENT! What else would dictate what it's value is? It is uniform for everybody across the board no matter what
That is the function of the market price.Re. "not on an exchange" -- see my edit.
Re. "But yes 1btc for a dollar - AT THAT GIVEN MOMENT!" -- how is this any different from selling Sports Cards or BTCeanie BTCabies or the Brooklyn Bridge? The price is always the price, "AT THAT GIVEN MOMENT," between the parties involved in a given transaction.
If by "utility" you mean "buy bitcoins with actual money so you can spend it at stores that already accept actual money," you got a point.
As far as being "proven to be a "hedge" against financial dilemmas"? I suppose. If your main "financial dilemma" happens to be "how can I make my financial transactions as complicated as they possibly could be."
Bitcoin will inevitably evolve overtime. It's become popular nowadays thus it's demand will be higher. I think when we get to the stage where we are living with robots, bitcoin is the main currency in the world. People love to use stuffs that are famous, because they think they are 'in'.
And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
And also most people of science are pro bitcoin so I doubt that better tech stands a chance to kill bitcoin.
It depends on your opinion on quick, i reackon in 10 years when i am a millionaire i will reakon 12 years was a get rich quick scheme ......lol
I'd be down with becoming a millionaire in 12 years of my life. Most people won't be able to do that in their entire lives.I think I'll start putting in some buy orders at exchanges now...
Alternative coins will never match Bitcoin because the distribution will never be as perfect as the distribution of something that initially had absolutely no value. There will never be a more technically advanced digital token that can take this particular characteristic away from Bitcoin, the perfect initial distribution. The perfect digital gold."
Source:
https://www.linkedin.com/pulse/why-better-tech-cant-kill-bitcoin-thomas-bartsch?trk=prof-post
Source:
https://www.linkedin.com/pulse/why-better-tech-cant-kill-bitcoin-thomas-bartsch?trk=prof-post
I disagree and I know how to do it.
Alternative coins will never match Bitcoin because the distribution will never be as perfect as the distribution of something that initially had absolutely no value. There will never be a more technically advanced digital token that can take this particular characteristic away from Bitcoin, the perfect initial distribution. The perfect digital gold."
Source:
https://www.linkedin.com/pulse/why-better-tech-cant-kill-bitcoin-thomas-bartsch?trk=prof-post
Source:
https://www.linkedin.com/pulse/why-better-tech-cant-kill-bitcoin-thomas-bartsch?trk=prof-post
I disagree and I know how to do it.
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