There was an argument recently, for and against, about the fact that non-existence (if possible) of Bitcoin would render or make Ethereum (and other altcoins) useless.
majority of altcoins serve one purpose and that is to generate money for their investors aka speculators. with or without bitcoin they may exist because pump and dumps don't just go away. people are making a lot of money from them! besides they are mostly useless already if you don't count what i just said as their usage.
In my own knowing, I knew that Bitcoin came on the scene the first, and that the idea of it inspired Ethereum second,
ethereum is in no way "second" it is after at least a couple of thousands of different altcoins!
which gave platform for many Ethereum-based tokens,
that is the only reason ETH exists and the only reason it is this pumped up. because it offered a very easy way of creating tokens out of thin air which you could offer in an ICO and earn a shitload of money. so it attracted thousands of scammers and people who wanted easy free money to itself.
Could all of these starting from Ethereum still exit or useful if Bitcoin wouldn't be any more?
The answer to me is in affirmative, but can anyone lecture on why not?
Insightful answers please.
there was a topic that was deleted because OP of it was advertising shitcoins, in there he was insisting that ICOs are "solving problems". i asked him to provide an example of at least one and he failed. i ask you again. what is the usage of Ethereum? creating ICOs. what is the usage of ICOs? what have they solved? nothing. prove me wrong!
ICO solve a lot of practical issues. As is known, blockchein technology is very well used for secure and open storage of large databases, this has been successfully applied in ICO projects. The simplest example. Prior to the appearance of the corresponding ICO, merchant ships were transporting a certain product to the destination and, as a rule, returned empty. Using blockchein technology, ICO has connected shippers and merchant ships around the globe into a single database, where everyone can go in and use information about the relevant passing cargo or vice versa, about a ship that can take a load of goods along the way. This is provided by the ICO team, which provides the opportunity to carry out related transactions for the transportation of such passing goods through smart contracts. It is fast, convenient and profitable for everyone. Saves a lot of time and money.
