Why Bitcoin and Not a better improved crypto? - page 5.

kingcolex

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Quote from: darkota on February 25, 2015, 05:51:02 PM

Quote from: kingcolex on February 25, 2015, 01:20:35 PM

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.

uki

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Quote from: Come-from-Beyond on February 26, 2015, 08:16:41 AM

Quote from: fildza on February 26, 2015, 08:03:24 AM

Yes altcoin is alternating coin which the other type of digital coin but people still user bitcoin because already many user of it

Right. Some altcoins are better than Bitcoin feature-wise. Bitcoin is on the top simply because of first mover advantage which is becoming less and less important.

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.

Come-from-Beyond

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Quote from: kingcolex on February 26, 2015, 08:20:20 AM

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$?

Mr Tea

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Quote from: LewiesMan on February 25, 2015, 01:15:03 PM

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.

Alt coins are failures because they largely do not offer anything that bitcoin doesn't or not anything truly revolutionary despite what most of them claim. If one coin came along that was blatantly better than bitcoin it very likely would supersede it as bitcoin would become redundant very quickly. I think if this was going to happen it already would have by now but it's still possible this could happen but will just have to wait and see what the future brings. Maybe they're some geniuses out there already working on it.

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Quote from: fildza on February 26, 2015, 08:03:24 AM

Yes altcoin is alternating coin which the other type of digital coin but people still user bitcoin because already many user of it

Right. Some altcoins are better than Bitcoin feature-wise. Bitcoin is on the top simply because of first mover advantage which is becoming less and less important.

fildza

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Quote from: avatar_kiyoshi on February 26, 2015, 07:39:48 AM

Quote from: LewiesMan on February 25, 2015, 01:15:03 PM

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.

I think because bitcoin is mother of cryptocurrency.
And altcoin is not failure because altcoin just alternative, its child of mother of cryptocurrency.

Yes altcoin is alternating coin which the other type of digital coin but people still user bitcoin because already many user of it

uki

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Quote from: Come-from-Beyond on February 26, 2015, 07:38:48 AM

Bitcoin is pump and dump "altcoin" too. After a while we all return to fiat.

As long as speculation and semi-/illegal businesses will be the main driving force in the growth, that is the expected long-term result.

avatar_kiyoshi

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Quote from: LewiesMan on February 25, 2015, 01:15:03 PM

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.

I think because bitcoin is mother of cryptocurrency.
And altcoin is not failure because altcoin just alternative, its child of mother of cryptocurrency.

Come-from-Beyond

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Quote from: Q7 on February 26, 2015, 07:32:58 AM

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.

Q7

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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.

The Chainmaker

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Quote from: koelen3 on February 26, 2015, 07:10:14 AM

Quote from: The Chainmaker on February 26, 2015, 07:00:01 AM

Right now there really isn't a good alt coin that does something useful that Bitcoin doesn't do.

When somebody makes a new alt that is really better, well, then we can talk about it.

Still it would take years for it to rise to a level to be able to par with bitcoin let alone surpass it

Sure. Back to the Facebook and Myspace comparison it actually took a long time (in internet years) for Facebook to supplant Myspace.

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Quote from: ranochigo on February 26, 2015, 06:42:40 AM

Bitcoin is the first cryptocurrency that ever existed. All the alt coins are basically a cheap copy of Bitcoin with poor developers and community. Bitcoin has lots of professional developers and receives the most media attention out of all the coins out there.

Have you ever heard of Ripple? All its qualities are exact opposites of what you said.

Btw, could you name at least 3 "professional developers" of Bitcoin while we are on this topic, please?

koelen3

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Quote from: The Chainmaker on February 26, 2015, 07:00:01 AM

Right now there really isn't a good alt coin that does something useful that Bitcoin doesn't do.

When somebody makes a new alt that is really better, well, then we can talk about it.

Still it would take years for it to rise to a level to be able to par with bitcoin let alone surpass it

The Chainmaker

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Right now there really isn't a good alt coin that does something useful that Bitcoin doesn't do.

When somebody makes a new alt that is really better, well, then we can talk about it.

Hamuki

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Quote from: ranochigo on February 26, 2015, 06:42:40 AM

Bitcoin is the first cryptocurrency that ever existed. All the alt coins are basically a cheap copy of Bitcoin with poor developers and community. Bitcoin has lots of professional developers and receives the most media attention out of all the coins out there.

Darkcoin is doing good... Its doing very good...

So I would not say that all altcoins are shit, its 1% of then that has value and works, then rest is shit.

ranochigo

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Bitcoin is the first cryptocurrency that ever existed. All the alt coins are basically a cheap copy of Bitcoin with poor developers and community. Bitcoin has lots of professional developers and receives the most media attention out of all the coins out there.

Hamuki

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It is impossible to get a new coin that will be seen as the main coin.

If you want to make a new "leader" coin, then you need to make a new algo that is good for everyone and cant be hit by ASICs and that is able to spread in the real world too instead of only having coin services accepting it as a payment method.

skinnyboy

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Quote from: HarmonLi on February 25, 2015, 06:32:17 PM

The key to this may be sidechains!

^^^THIS.

Come-from-Beyond

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Quote from: LewiesMan on February 25, 2015, 03:21:42 PM

Then how about a new crypto but with an anonymous creator?

Peercoin was created by an anonymous creator, Nxt, Qora...

Kazimir

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Because anything that would make another crypto "better", can also be integrated in Bitcoin. So we'd have the same improvement or advantage in Bitcoin, AND the market size, economic volume, global acceptance, software ecosystem and user base of Bitcoin which is 1000× larger than any other crypto.

Bitcoin still being developed and improved, it's not even 1.0 yet. No need for another crypto whatsoever.

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