Bitcoin Forum

First of all, I don't think any of the newer & "better" technology coins will ever replace bitcoin and the 2.0 coins are way to difficult for the average person to understand, while 80% of the people I talk to still have no clue about bitcoin!

But I think the "niche" coins that serve a specific community actually lead people to bitcoin.

Doge has certainly done that with it's fun, easy to get started approach.
Gulden is doing that with it's building a niche market in the Netherlands
AppleByte is doing it with it's focus of supporting artists around the world.
And there may be more.

Most of these coins, even though they all have products & services you can spend the coins directly for, still need to be converted to BTC to be used in the broader economy.

I think all of them are good for bitcoin and serve a legitimate market in their own right.

Piggycoin, because it is designed to teach kids about crypto, naturally leading them to "graduate" into using bitcoin.

teach kids about crypto? uhmm i dont think its good when young people have affairs with money, especially with crypto when they can do whatever they want

I don't think that there is any shitcoin, which is beneficial for bitcoin adoption. All they do is to cash in on Bitcoin's popularity, and fool people in to investing on them. None of the shitcoins have done any good for BTC.

none

The whole point of education is not just to teach a student that something exists, but the purpose of it and how it can be used well. At least, that is what education should cover.

To use an analogy, teaching a child about the existence of candy, without teaching them the downsides of too much consumption of candy, would be mis-educating them. But leaving the child to discover candy for themselves and then gorge on it unaware of the consequences would be even more likely to lead to a bad end.

You can do crypto education well or you can do it poorly, but if it is not done at all then what chance to we ultimately have of making crypto a success? Let's focus on figuring out how to do it well (there's an open field of opportunity at this point, or nearly so.)

the only one that has done something good by bringing many new people to the cryptoworld, is doge, kudos to it, others are just trash clone

I don't really think any altcoin is beneficial to Bitcoin adoption. Bitcoin is the door to other altcoins, tops, never the opposite I think. Even if you start fiddling with an altcoin before Bitcoin, it's because you've heard of Bitcoin first.

What's wrong with teaching them with Bitcoin directly?

Why not go straight into adopting bitcoins rather than using other altcoins? As far as I can see, there are no altcoins in history that had been beneficial for bitcoins. ???

bitcoin don't need at the moment adoption by any alt coin, other alt coin need bitcoin because bitcoin is the father of all altcoin.

I think Dogecoin helps it, its a friendly way to get people into crypto, the community is nice, the coin is fun.

I don't know why people think its Dogecoin vs Bitcoin.

bitcoin has much big community and adoption than compare with doge, so in my opinion bitcoin do not need any alt coin for its adoption.

True. Tbh, there isn't much of a competition between Dogecoin and bitcoin. Dogecoin is meant to be a not-so serious coin after all, whereas, bitcoin is designed to be the currency of the future because of its innovative technology. Imo, bitcoin can still see worldwide adoption even without the help of other altcoins. It's just a matter of good pr and any other good stuffs relating to/related to bitcoin.

I think AppleByte does exactly what Doge has done (by making it easy) and AppleByte by bringing non-techie artists into the crypto fold.

Nothing really. But it may be less intimidating for children and families and schools to have one that is "branded" for the purpose and has a friendlier front-end, so to speak, for children. (Cf. https://www.piggy-coin.com/ (https://www.piggy-coin.com/))  Not to mention it avoids some of the baggage that some teachers or parents might associate with bitcoin.

It's kind of like using plastic coins and dollars bills to teach about money as opposed to the real thing. Nothing seriously wrong with using the real thing, but it may be more practical to use the play money in a sandbox environment.

GetGems (http://getgems.org), i have had people joining Bitcoin that never heard of it through GetGems, worlds first messaging app that pays users and makes using bitcoin as easy as it gets, airdrop beta is live now.

Doge is the one that pops up regularly when people talk about how they found crypto. Even if it turns to dust, it'll still have played a role in furthering everything.

Other than that, I can't see much that has brought in fresh folks. Apps like changetip are far more important than an alternate currency.

Altcoins are a good experimental bed for features that Bitcoin could look to adopt if it needed to.

whats the best alt coins?

Dogecoin for sure.
Many people that missed bitcoin were successful with Doge. It also have good support, I think in some areas doge used to be better supported than btc itself.
Litecoin too, it supposed to be silver to bitcoin's gold.
Huntercoin/ Motocoin - games with built-in games that you play to mine coins - verrry clever.
Wankcoin - one of few altcoins with real use, accepted as payment on a network of sites very soon after release + some other coins with guaranteed acceptance on creator's site.

i agree with you, but the price of it is pretty much un competable to bitcoins

Check the coin in my sig.

AI is trending and Sapience AIFX is the first to implement it via the Bitcoin codebase.

The coin is SERIOUSLY undervalued at $60K marketcap at time of writing.

It also has a fully functional decentralised database running on testnet.

Look for coins with purpose.

Good luck and be careful it you are thinking of investing in alts, do PLENTY of research and don't invest what you can't afford to lose.

exactly what i am trying to do, not to invest in things that would make me die of hunger later... for the time being to be honest, i am only learning. thanks buddy

I agree.  They have an awesome community.  And Dogecoin has done a lot more helping others, more than any other altcoin... maybe even bitcoin.

True.  But I think the bitcoin community and even the Bitcoin Foundation should start embracing some of the legit altcoins (ltc and doge come in mind), to build a ecosystem between these coins.  That's where we're headed anyway.  Why not make it official?

I don't know why so many people are supporting Doge here. Doge is just another shitcoin, which had a pump and dump. It tried to steal users away from BTC and failed in that.

And moreover, a lot of people have become bankrupt as a result of Doge. In January 2014, it was going at BTC0.000002-000003. Now its price has been reduced by some 5-6 times.

This, Doge tricked others by expressing itself as a cute harmless dog, while it was just a shitty alt and even at some point trying to compete with bitcoin, but because its a dog some retarded bitcoiners were tricked into believe its harmless awww. Now imagine if doge had a different brand, those same bitcoiners would talk smack. Smart move by doge but fortunately people realised that its just shitcoin with no innovation and a retarded overpriced dog meme.

While I can't deny that some (not all) altcoins are actually good in terms of promoting bitcoin, this only represents a small portion of everything. Most of the altcoins I ever come across, would say cause more harm than good to destroy bitcoin reputation. Newbies in the crypto scene especially is basically clueless on what is happening and for them, altcoin = cryptocurrency = bitcoin and when it turns out to be a scam, that is where bitcoin reputation suffers.

is thanks to doge if the users base grew in the crypto scene, this is the only good aurgument in favor of it, besides this yes it's just another shitclone, but at least less shit than the rest of the altcoins

I think you miss the point.  Cryptocurrencies are here to empower us first and foremost.  It is revolutionary.  Profit and everything is come secondary.  So if people are bankrupt because they invested in a crypto or in real estate or in a stock, then that's their own fault.  But calling Doge a shitcoin pump and dump is kinda harsh in this case.

Instead, take a look at what it has achieved...  http://dogecointimeline.com (http://dogecointimeline.com)

Not bad for a "shitcoin pump and dump".  And I am pretty sure Satoshi himself would agree.

I've never understood the hate (fear?) many bitcoiners express towards altcoins. Sure, there are plenty of scams to beware of. But by that logic all the anti-bitcoin people in general society are right in dismissing bitcoin as "a Ponzi scheme" and similar nonsense because of scams involving bitcoin.

Altcoins bring some important benefits:
1. A testbed for ideas and technologies without risking the flagship (bitcoin) in an experiment gone bad.
2. Catching the attention of people in particular markets or with particular interests that might not otherwise pay attention to bitcoin. This can lead them later to buy into bitcoin, because they first learned about the other cryptocurrency. (For example, there are probably some people in Iceland who have bitcoins today because of the frenzied speculation and airdrop of auroracoin.)
3. Diversity of characteristics. Money is used for different purposes, and over the long run there will not be a single one-size-fits-all currency. Some cryptocurrencies will be optimized for the fastest transaction times, others for the highest security, others for the utility of their blockchains in other purposes, and so on. Imagining a single world currency (except under totalitarian dictatorship) makes no more sense than imagining a world where everyone is happy with just one type of vehicle, no options allowed.
4. Competition. Competition is a good thing, preventing complacency and driving improvement.

Very well said indeed! I agree with every point. I think what we will end up with in a year or two is a handful of cryptos and people will use the one that fits the situation or that is used by the community they belong to, and Bitcoin will always be the leader.

i do agree at a certain extent that alt coins are good too.. but honestly i prefer to stick to bitcoins, unless miraculously alt coins are able to generate a 1:1 or 1:0.5 of bitcoins

Only Dogecoin seems to have benefitted the bitcoin adoption. I have seen several people who got into bitcoin after getting into dogecoin first.

Dogecoin was initially much easier to obtain, and people used to make it popular by sponsoring race drivers etc. And once someone knew about doge, next step was bitcoin .

I never understood this either dude, but those who hate on alts are i think bitcoin holders and don't want the attention going to another project but rather want the money stay in bitcoin. Basically they are protecting their asset, even if an alt project is super legit they still show hate, it's disgusting. Or else why would anyone try to fud a legit alt coin project, it being an ico is the lamest excuse ever.

cyber coin has started pretty good i think

Litecoin and whatever other alt that has enough trade volume to serve as an adjunct 2nd layer of obfuscation to Bitcoin.