Topic: Why isn't bitcoin enough? - page 2. (Read 471 times)
Not enough just Bitcoin for some people who want a better alternative from Bitcoin as for example, Litecoin has almost zero payment fees and eases payments several times faster than Bitcoin ... So they want another alternative than Bitcoin.
It is my understanding that
1 bitcoin = 100,000,000 satosi units
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
Forget the subject of smart contracts and lets focus just on a currency. Why do we need anything other then just the bitcoin block chain?
clear and real ...1 bitcoin = 100,000,000 satosi units
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
Forget the subject of smart contracts and lets focus just on a currency. Why do we need anything other then just the bitcoin block chain?
we must achieve as much, because it takes a qualified capital to follow the betcoin betting.
I believe, the more initial capital, the more visible the results will be.
It's easy to agree with you and think along that line. However, the digital currency space is huge, very huge. Do not mind the fact that it still is a novel idea to many. Bitcoin alone hasn't gotten to one half its potential talk less the other cryptocurrencies. With time, a lot of people will be aware of the merits of digital currencies and it'll have widespread adoption and applications. It'll be a matter of time for people to desire alternatives that are better than bitcoin.
Bitcoin may be the first digital currency, yes. Do not forget that there have arisen times that developers have had to improving on the network. For instance, the issue of bitcoin transaction fee being too high for low volume transactions and the transaction speed are issues which would make people seek for alternatives. The situation is similar to having different countries' currencies. The USD, CAD, Yen, etc are different currencies that serve needs of the international community just as bitcoin and altcoins serve the internet community.
Bitcoin may be the first digital currency, yes. Do not forget that there have arisen times that developers have had to improving on the network. For instance, the issue of bitcoin transaction fee being too high for low volume transactions and the transaction speed are issues which would make people seek for alternatives. The situation is similar to having different countries' currencies. The USD, CAD, Yen, etc are different currencies that serve needs of the international community just as bitcoin and altcoins serve the internet community.
It's nothing to do with the number of units.
"Bitcoin Silver" and "Bitcoin Copper" are bullshit and "Bitcoin Gold" is extremely shady (arguably a scam).
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc.
They alter Bitcoin's consensus rules or other aspects of its system. For example, Litecoin has a decreased block time of 2.5 minutes, increasing its potential capacity for transactions (though some people can be concerned about the security of this method of increasing capacity)."Bitcoin Silver" and "Bitcoin Copper" are bullshit and "Bitcoin Gold" is extremely shady (arguably a scam).
It starting to look like what the Fed does with money printing.
These are not Bitcoin, so no one is "printing" more BTC. They're only worth something if the market decides that they are.That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
True, bitcoingold bitcoinsilver etc are all scams. Just ignore it, those coins has nothing to do with Bitcoin. Litecoin is not a shitcoin though. It has an active and competent developer, it is also faster than Bitcoin and could be a testing ground for Bitcoin. For example, segwit was implemented on Litecoin a few months before it got into Bitcoin.
Bitcoin is a store of value. Bitcoin is not convenient to use, high fees, at least now.
Litecoin has almost zero payment cost and facilitates payments few times faster than Bitcoin.
Litecoin has almost zero payment cost and facilitates payments few times faster than Bitcoin.
It is my understanding that
1 bitcoin = 100,000,000 satosi units
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
Forget the subject of smart contracts and lets focus just on a currency. Why do we need anything other then just the bitcoin block chain?
1 bitcoin = 100,000,000 satosi units
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
Forget the subject of smart contracts and lets focus just on a currency. Why do we need anything other then just the bitcoin block chain?
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