Topic: Why isn't there an Altcoin capable of overtaking Bitcoin ? - page 3. (Read 2558 times)
Bitcoin is King will always be numero uno, that's the way it is.
you can make altcoins a million times but what none of them are gonna have is the trust that bitcoin has earned. it's been working almost perfectly since the moment it was created. no down time, no contentious forks, and it's been proven by people actually using it. there ain't another altcoin that's using a fraction of its capabilities so there's no real way of knowing they can take it without risking your money.
all the tech in the world don't mean shit if people don't trust it.
all the tech in the world don't mean shit if people don't trust it.
Overtaking Bitcoin in what way? As a currency? Really hard to happen. As an application-specific platform, it is definitely possible and happening at the moment (Ethereum, Maidsafe, etc.) but it remains to be seen how well these "appcoins" do. Time will tell.
Very simple question with a very single answer:
1) Bitcoin is the longest surviving chain, this makes investors feel safer
2) Bitcoin has the best developers
3) Bitcoin has the strongest network
That's all.
1) Bitcoin is the longest surviving chain, this makes investors feel safer
2) Bitcoin has the best developers
3) Bitcoin has the strongest network
That's all.
It is more of an altcoin discussion than bitcoin. And secondly answer is quite easy - because bitcoin was first cryptocurrency and everything developed later is based on it in some way.
Plus, bitcoin had something that can't be replicated - almost ideal initial distribution, when initial BTC was worthless and over time people noticed it potential.
You can't replicate this, because every altcoin is created with expectation to be worth something - and you can't impose artificial price.
Plus, bitcoin had something that can't be replicated - almost ideal initial distribution, when initial BTC was worthless and over time people noticed it potential.
You can't replicate this, because every altcoin is created with expectation to be worth something - and you can't impose artificial price.
Most of the other Alt coins are simply Pump n Dump schemes and even if they are not, most people see them as a scheme. There are also no significant change in the Alt coins for people to buy it. The
coins that are making it, are the ones with some unique features. We have seen too many of these coins going scam, to even consider it as a viable investment option. We now trade in and out of these
Alt coins, but then back to Bitcoin to secure the profits.
coins that are making it, are the ones with some unique features. We have seen too many of these coins going scam, to even consider it as a viable investment option. We now trade in and out of these
Alt coins, but then back to Bitcoin to secure the profits.
Just wondering why. Do you have a clue to that ?
I think that,
if there are no significant developments in the bitcoin capabilities,
will be only a matter of time...
just look at bitshare, rhousand of transaction per second and very very fast confirmation...
etherehum.. if fix his bug fast. could be a really goog coin...
Just wondering why. Do you have a clue to that ?
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