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Topic: Why Bitcoin and Not a better improved crypto? - page 4. (Read 4709 times)

legendary
Activity: 1225
Merit: 1000
If something is to replace bitcoin, it wont be some copy coin like every altcoin is.

What gave you the impression that every altcoin is a bitcoin copy?
legendary
Activity: 1105
Merit: 1001
https://www.zebpay.com
I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

Better Bitcoin will be Bitcoin Smiley

Regards
Q7
sr. member
Activity: 448
Merit: 250
Each one we have seen with better technologies have so far failed whether it was faster confirmation times, more secure, better anonymity and such. even when there is going to be another likely it will suffer the same fate as the others. Also as bitcoin gets stronger chances for new crypto to replace its position will be most unlikely.
sr. member
Activity: 462
Merit: 250
Bitcoin started and took so long to come this far and altcoins have copied them and hardly gotten any far , i would be surprised if any new alt makes it

They wont succed, thats the truth. If something is to replace bitcoin, it wont be some copy coin like every altcoin is.
Think about it, altcoins are doomed before they were created, simply because to proove that some coin can replace bitcoin means only that there will be yet another coin replacing that altcoin.
If that is ever to happen, whole crypto will collapse, and there will be 0 trust in it, forever.

cheers
I wouldn't be so harsh on all altcoins, not to forget were Bitcoin came from in the first place. In the second place, there are some altcoins that proved to be around for quite long already, either because of the community support (e.g., Doge) or because of features (e.g., NXT) and I wouldn't completely rule out that out of that mass of altcoins there may be coming something that could be Bitcoin 2.0. Similar as it was with the web browsers, not so long time ago: everybody here remember Netscape or Internet Explorer and their position, say 10-15 years ago, and where they are now.
Though it is true some altcoins have made this far but we are talking about them competing with bitcoin , which is not possible
sr. member
Activity: 462
Merit: 250
Bitcoin started and took so long to come this far and altcoins have copied them and hardly gotten any far , i would be surprised if any new alt makes it

They wont succed, thats the truth. If something is to replace bitcoin, it wont be some copy coin like every altcoin is.
Think about it, altcoins are doomed before they were created, simply because to proove that some coin can replace bitcoin means only that there will be yet another coin replacing that altcoin.
If that is ever to happen, whole crypto will collapse, and there will be 0 trust in it, forever.

cheers

Yep! never gonna happen
sr. member
Activity: 252
Merit: 250
And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
Yes, just like I regret I didn't fill in the correct numbers on my lottery ticket.

Whatever, wisdom in hindsight is always easy.

I strongly believe in Bitcoin for the long term, so I'm in and I will stay in. I do not intend to *ever* sell ANY bitcoins. Instead, I just plan on actually living off them, paying all of my daily expenses, my rent, holidays, etc directly with Bitcoin. And rest assured, it's getting there sooner than people think.
I think also so. And I'm waiting anxiously for the day when we can pay all our bills using Bitcoins.
That might be too far from now. Let's face it, the adoption rate of bitcoin has gone slower since the recent price drops and bad pr. It may, yes. But it seems too improbable in the next coming years. Not sounding to be a pessimist but 10 years is a small time-frame to see any improvements in the adoption of bitcoin.
I'm particularly hoping this comes to happen in the next 10 years (perhaps before, but difficult). Until then, I will follow what bitcoin has to offer.
(I do not hide from anyone, I am very optimistic)
hero member
Activity: 770
Merit: 500
No, the payment system is being built on Bitcoin, without an anonymous creator there will be plenty of trash and threats to the creator, too many new crypto's are pump & dump/premines. Bitcoin is viable and for anything like micro transactions or lower fees for third world nations Litecoin can take of that.

That makes no sense. Gavin Anderson, etc etc, are not anonymous, and to be honest, they contributed more to Bitcoin core than satoshi did orignally(Satoshi created this ingenius thing tho!). If anything, having an anonymous creator is bad for a coin.

Litecoin cant handle microtransactions or anything at all really, anymore than bitcoin can(its just a bitcoin clone). Its a failed coin.
Have you seen the shit thrown at everyone who is a developer for Bitcoin? Any new coin creator will have to have a spotless history, and I think Litecoin can handle micro transactions as it only has a 2.5 minute blocktime which is fine for small transfers while Bitcoin and large transfers would probably prefer the longer block times for security. That and I think most would like a blockchain to track transactions even for micro transactions then just off the chain.

Do you even know what microtransactions are? It has to do with blockchain bloat, not blocktime. Litecoin is just a bitcoin clone, and it cannot handle any sort of microtransactions...Litecoin is 100% useless. Pandacoin has more utility than Litecoin...
j5d
member
Activity: 91
Merit: 10
Any new and improved Crypto now has to stand up to a test that Bitcoin never had to.

Bitcoin was an experiment that a couple of people were trying out and then they started using it as an exchange of value.

New Altcoin "insert name here" from it's genesis block is already cursed. Is there a pre-mine? Is it a scam? What is it's logo? Is it on any exchanges? Are there any mining pools? Who are the developers? Are any websites or stores accepting it as payment? Does it have it's own website? What's it's algorithm? Is it proof of work or proof of stake or proof of anything? Why is it any better than any other alt? Why even bother creating an alt? Have the bugs been ironed out? Is there a linux wallet? An android wallet? Are there any faucets? Is there a community? Does it play Doom?

Bitcoin never had to deal with any of this.

uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
Bitcoin started and took so long to come this far and altcoins have copied them and hardly gotten any far , i would be surprised if any new alt makes it

They wont succed, thats the truth. If something is to replace bitcoin, it wont be some copy coin like every altcoin is.
Think about it, altcoins are doomed before they were created, simply because to proove that some coin can replace bitcoin means only that there will be yet another coin replacing that altcoin.
If that is ever to happen, whole crypto will collapse, and there will be 0 trust in it, forever.

cheers
I wouldn't be so harsh on all altcoins, not to forget were Bitcoin came from in the first place. In the second place, there are some altcoins that proved to be around for quite long already, either because of the community support (e.g., Doge) or because of features (e.g., NXT) and I wouldn't completely rule out that out of that mass of altcoins there may be coming something that could be Bitcoin 2.0. Similar as it was with the web browsers, not so long time ago: everybody here remember Netscape or Internet Explorer and their position, say 10-15 years ago, and where they are now.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
Bitcoin started and took so long to come this far and altcoins have copied them and hardly gotten any far , i would be surprised if any new alt makes it

They wont succed, thats the truth. If something is to replace bitcoin, it wont be some copy coin like every altcoin is.
Think about it, altcoins are doomed before they were created, simply because to proove that some coin can replace bitcoin means only that there will be yet another coin replacing that altcoin.
If that is ever to happen, whole crypto will collapse, and there will be 0 trust in it, forever.

cheers
sr. member
Activity: 462
Merit: 250
Bitcoin started and took so long to come this far and altcoins have copied them and hardly gotten any far , i would be surprised if any new alt makes it
legendary
Activity: 3542
Merit: 1352
Cashback 15%
And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
Yes, just like I regret I didn't fill in the correct numbers on my lottery ticket.

Whatever, wisdom in hindsight is always easy.

I strongly believe in Bitcoin for the long term, so I'm in and I will stay in. I do not intend to *ever* sell ANY bitcoins. Instead, I just plan on actually living off them, paying all of my daily expenses, my rent, holidays, etc directly with Bitcoin. And rest assured, it's getting there sooner than people think.
I think also so. And I'm waiting anxiously for the day when we can pay all our bills using Bitcoins.
That might be too far from now. Let's face it, the adoption rate of bitcoin has gone slower since the recent price drops and bad pr. It may, yes. But it seems too improbable in the next coming years. Not sounding to be a pessimist but 10 years is a small time-frame to see any improvements in the adoption of bitcoin.
legendary
Activity: 2142
Merit: 1010
Newbie
I think also so. And I'm waiting anxiously for the day when we can pay all our bills using Bitcoins.

You seem to gonna live forever...
sr. member
Activity: 252
Merit: 250
And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
Yes, just like I regret I didn't fill in the correct numbers on my lottery ticket.

Whatever, wisdom in hindsight is always easy.

I strongly believe in Bitcoin for the long term, so I'm in and I will stay in. I do not intend to *ever* sell ANY bitcoins. Instead, I just plan on actually living off them, paying all of my daily expenses, my rent, holidays, etc directly with Bitcoin. And rest assured, it's getting there sooner than people think.
I think also so. And I'm waiting anxiously for the day when we can pay all our bills using Bitcoins.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
Yes, just like I regret I didn't fill in the correct numbers on my lottery ticket.

Whatever, wisdom in hindsight is always easy.

I strongly believe in Bitcoin for the long term, so I'm in and I will stay in. I do not intend to *ever* sell ANY bitcoins. Instead, I just plan on actually living off them, paying all of my daily expenses, my rent, holidays, etc directly with Bitcoin. And rest assured, it's getting there sooner than people think.

Amen brother! I've cut the cord and the only time I use other money on the internet is to buy more bitcoin. It makes credit cards seem stupid and antiquated.
"I want to buy this soda, here is my identity, credit card info, my secret number on the back; feel free to come back later and dig around in my financial data."

F that. Here is my bitcoin. Now hand me my soda.  Wink
sr. member
Activity: 254
Merit: 1258
I have never sold any of my Bitcoins for Fiat, I am sure there are many like me.

And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
No, not really I didn't have much then but I have some I use for just fun/investing and some in a cold storage which I am holding long term. Bitcoin will be back at that price even if it takes a bit and it will go higher (especially if the trend continues with Europe and China).
hero member
Activity: 658
Merit: 500
The reason why I think Bitcoin is and will still be the mainly used cryptocurrency, is because altcoins have been created as an alternative to Bitcoin, but Bitcoin is supposed to be the alternative to digital payments and government currency, which makes altcoins the alternative to the alternative, and therefore the chance of success for them is pretty small.
legendary
Activity: 1176
Merit: 1011
And you don't even regret that you had a chance to sell at 1200$ and buy back at 300$?
Yes, just like I regret I didn't fill in the correct numbers on my lottery ticket.

Whatever, wisdom in hindsight is always easy.

I strongly believe in Bitcoin for the long term, so I'm in and I will stay in. I do not intend to *ever* sell ANY bitcoins. Instead, I just plan on actually living off them, paying all of my daily expenses, my rent, holidays, etc directly with Bitcoin. And rest assured, it's getting there sooner than people think.
sr. member
Activity: 254
Merit: 1258
The only reason I can think of is because it is virtually the first in the game or rather the original crypto. There's already a strong community build around and being the first also means you have that advantage. There are certainly altcoins with faster confirmation time or some with better anonymity but sadly the community never stays long. Due to the pump and dump scenario, people start to lose faith in alts and eventually return back to bitcoin. How I know? Yeah, I'm one of the those guys who has gone back to bitcoin.

Bitcoin is pump and dump "altcoin" too. After a while we all return to fiat.
I have never sold any of my Bitcoins for Fiat, I am sure there are many like me.
legendary
Activity: 2142
Merit: 1010
Newbie
We tend to think that other people should also think 'our way', meaning they should be aware of Ripple-, Doge-, Lite-, whatever-Coin, because we here in this forum know it. I wouldn't say so, and I wouldn't overestimate the knowledge of not-crypto-related public about alternatives for Bitcoin. For now, its only about Bitcoin.

People don't care about the name, they open fancy software and use it. Guess what, with 90% chance it will be Ripple backing that soft.
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