Topic: Will Bitcoin's Lightning Network destroys alt coins(currencies)? - page 2. (Read 405 times)
August 18, 2018, 11:48:00 PM
Many altcoins will be die. But if they die because of implement this feature then I think they were useless.
August 18, 2018, 01:38:02 PM
I think not. Bitcoin works to development its every sector. It will not destroy altcoin. So I think its not hamper altcoin. This two are not co related.
August 18, 2018, 12:29:14 PM
Well. If the ALTcoins are really the best one then it is not possible for BTC lightning Network to destroy them. But if the network is able to diminish the altcoins then those altcoins were nothing but some useless coins! But in most cases BTC network will have no affect on the ALTcoins.
August 18, 2018, 12:03:55 PM
Not, Bitcoin and Altcoin have their own world even though they are in the same room. But their concentration varies. Bitcoin doesn't care about what altcoins do, neither altcoin against Bitcoin. Each only thinks about their own development, they already have their respective portions and this will continue without dropping each other.
LP will make a transaction on Bitcoin faster, But there is one or another altcoin can faster without having to implement LP
LP will make a transaction on Bitcoin faster, But there is one or another altcoin can faster without having to implement LP
August 18, 2018, 11:53:35 AM
No I don't think it will have much impact on the alt market. A lot of the alts are doing different things to Bitcoin so there is a lot of room for growth for everyone. I think we can have a huge space with 1000's of coins working together with no issues.
August 18, 2018, 11:43:15 AM
BTC network is not here to create an affect on the ALTcoins. But if the network destroys any ALTcoins then those coins were really very useless. The best and the aunthentic ALTcoins will never be destroyed by the Bitcoin Lightning Network.
August 17, 2018, 11:28:21 AM
I dont think it will destory alt coins at all. Other alt coins offer different solutions with in the crypto currency space. There is so much variety that one coin cant solve it all.
August 17, 2018, 11:26:30 AM
Some people will always look out for an opportunity for profit. For that reason it is irrational to think all of them will disappear even if Bitcoin is made 100% perfect. Improving it it's something we should pursue but it won't make alt coins disappear at all.
They will disappear if people stop finding a profit and an use for it and that is the ultimate truth. As long as people can profit out of it they will buy anything.
They will disappear if people stop finding a profit and an use for it and that is the ultimate truth. As long as people can profit out of it they will buy anything.
August 17, 2018, 10:57:59 AM
Bitcoin Lightning Network cannot destroy the best ALTcoins! But if the network disappear some of the ALTcoins then they would be really very useless coins! Though, BTC network hopefully won’t have any affect on the ALTcoin.
August 17, 2018, 09:36:55 AM
If this is implemented, then Bitcoin will step forward, but I do not think it will destroy competitors, because we need altcoins oddly enough. There is a demand for altcoins, which generates competition.
August 17, 2018, 06:08:05 AM
There are lot of crypto currencies that were created to compete with BTC
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
BTC lightning network is implementing due to the scalability issues the chain is experiencing with high 'fees' and transfer times..
If lightning network is implemented in Bitcoin will it destroys these competitors?
In my opinion no because there are so many altcoin which are based on their products usecases and if someone makes product they have marketing plans too. Infact they will also implement LN in their platform. So altcoin will not gonna disappear and will remain in the market with giving competition to the BTC.
August 17, 2018, 05:56:01 AM
yes
those that are pushing themselves as 2.0 and 3.0 will be crushed
they are generally sacrificing decentralisation and trustlessness to push higher tps with lower fees
those will be crushed by a highly successful LN
ALTs with specific use cases will still have good reason to exist
those that are pushing themselves as 2.0 and 3.0 will be crushed
they are generally sacrificing decentralisation and trustlessness to push higher tps with lower fees
those will be crushed by a highly successful LN
ALTs with specific use cases will still have good reason to exist
August 17, 2018, 05:47:09 AM
I don’t think BTC can make all the altcoin disappear by developing its Lightning network. True it will become more popular. But there are many altcoin that offer good scalability and other services as good as BTC.
August 17, 2018, 05:33:22 AM
I think if the network is implemented, BTC will not be destroyed because the BTC network itself is very strong so people still like it.
August 17, 2018, 05:08:22 AM
When we suggest die , we merely mean capitulate into unimportance like the scam Paycoin that was supposed to destroy Bitcoin.
There will always be dumb money and credulous investors buying into these scams but these multicoiners will always be jumping on the newest speculative fad as well ignoring one of the most important reasons why Bitcoin was created.
A multicoiner undermines digital scarcity and your principle investment because one of the principle raison d'être of Bitcoin is to create digital scarcity and disinlfation instead of hyperinflation.
Altcoins will come and go and dumb money will keep jumping from one project to another
There will always be dumb money and credulous investors buying into these scams but these multicoiners will always be jumping on the newest speculative fad as well ignoring one of the most important reasons why Bitcoin was created.
A multicoiner undermines digital scarcity and your principle investment because one of the principle raison d'être of Bitcoin is to create digital scarcity and disinlfation instead of hyperinflation.
Altcoins will come and go and dumb money will keep jumping from one project to another
August 17, 2018, 04:58:25 AM
Some altcoins will still survive if it is implemented. There are still some very good ones that have the ability to withstand the competing power that might be presented before them.
Because it does not rule out the possibility of people prefer to invest in products that have high prices even though the features are different. August 17, 2018, 04:41:03 AM
It wouldn’t mean the end of other altcoins but it might negatively affect the altcoins that follows the blockchain system of bitcoin. More precisely, we might see some of the forks of bitcoin go useless, for example bitcoin cash. Besides, we’ll eventually see many altcoins die due to poor performances and most of the altcoins are actually shit.
August 16, 2018, 06:24:46 PM
Some altcoins will still survive if it is implemented. There are still some very good ones that have the ability to withstand the competing power that might be presented before them.
August 16, 2018, 03:13:08 PM
Bitcoin does not have smart contracts and this is one of the biggest shortcomings.
altcoins will evolve regardless of other crypto-currencies. These are tokens that function in separate projects
altcoins will evolve regardless of other crypto-currencies. These are tokens that function in separate projects
August 16, 2018, 02:58:48 PM
No, both are different from each other. There is no questtion about one cryptocurrency destroying another. Alt coin is the best option for small investor and the number of bitcoin is limited. So, there is nothing to worry about altcoins.
.I also agree with you because it is not possible to destroy each other, but who is the only one who is better with the potential that has the coin to make it easier for investors to run their projects, even bitcoin itself will certainly not be replaced because the bitcoin is the parent, maybe more precisely bitcoin only improves lack in scability and high transfer times.
Jump to: