Bitcoin Forum

In case someone famous created an altcoin, but not someone famous like Linus Torvald or whatever obscure cryptographist, no someone that is mainstream, like Rihanna, would it be a threat to Bitcoin ? You could be sure that masses of people would come to use Rihanna's payment system, as it would be branded. Or at the inverse would that be the door for millions of people to know what Bitcoin is and make them understand that this is a great progress ?

No way.

Sure it would get pumped for a bit but there's no reason for that to work long term.

In fact, I strongly believe coins are much better off with unknown devs, Satoshi style. There's no reason to attach a personality to a coin whatsoever. And to open up the dev for possible attacks. If the code is great it doesn't matter who wrote it.

I think it will never occupy Bitcoin place ya but it can get famouse and success also. The main reason is because Bitcoin is not controlled by anyone who ever mines can use bitcoin or buy and sell bitcoins. But the new coin is created by the developer who is owner of that coin and holds the coin and if wanted can do anything to it with the coin developments.

What if Trump or Bill Gates or Buffett?

It will just be another PnD... see MAXcoin.  https://bitcointalk.org/index.php?topic=438150.0 (https://bitcointalk.org/index.php?topic=438150.0)

https://s30.postimg.org/4gr10vmnl/maxcoin.jpg

Look at all those bagholders.. Investor's nightmare. I think it's best to just stick with BTC.

Yup.as soon as miley cyrus launches her alt this joint is ghost town.

I've heard she's debugging right now live on twitter.

Who is the famous people behind maxcoin? It was popular but it is dead, and it has no future, because people know it is a scam coin. R.I.P.

Max keiser, financial terrorist and strange person. The coin was born live on his show.

He also shamelessly pumped quark which went nowhere. I don't know if I'd call him super famous.

it can only pump the coin to the moon! and get dumped right after.

fame of the developer has never been the reason for a technology's success. you want to use the coin in real life such as when you use bitcoin to buy stuff and you want certain aspects when doing this and none of them consists of who the developer is :D

New alts = Meant for profit taking

It will surely hits the shine when it launched but believe me it will not sustain support from the community since they are only taking care of the price and profit rather than the technology of it. It's like another come and go in the world of cryptocurrency. Just go take profits if ever there will be launched like that.

i think the altcoin will have huge fans but i am not sure that their fans will use the altcoin and i don't think that the altcoin will be a threat to bitcoin, its too far to follow bitcoin especially in the price. i think people will prefer to use bitcoin and do invest in their money into bitcoin than to make invest on the altcoin which created by famous people.

No, not a threat to Bitcoin in any way, what would happen is that all other famous guys would start their own altcoins and would turn to joke. Just look at the altcoins market most of them have no need of existing but because they see the success of a coin a friend has started, they think they can do thesame and be successful, but what they are looking for is the money not use case

It can be happen. Imagine that one day, Bill Gates decides to make his own coin and I believe that with his ability, he can convince many other bilionaires to put their money in this his cryptos. People do not know much about Bitcoin because there are not many famous CEO or celebrity support it. Therefore, I do believe that an altcoin which is developed by famous CEO can harm Bitcoin

Not only his Maxcoin, he has some other projects, like startcoin, it is also dead project too. It is introduced in his linkedin

https://www.linkedin.com/in/maxkeiser

Celebrities creating their own cryptos  ::) LOL this will never happen and i am quite sure this will not see any success or can have any threat to bitcoin.

You can look at Trump and Putin coins they are pumping and dumping hardly with just small news about this two political figures which is one good example of manipulation.  ;D

I don't agree with you at all. The reason why Bitcoin is and will still be the Number One Crypto-Coin is because It is backed by dedicated developers and an ever growing bitcoin community. What determines the success of any coin is the community behind it so for a Coin like bitcoin with a large Community, It seems Impossible to be replaced even when the coin's developer is a rich CEO, A Popular individual etc. The way I see it, Bitcoin can only be replaced by another cryptocurrency when the developers abandons it, and the community support dries up. I don't see that happening anytime soon.

being famous can only be a start.
surely if someone as big as Hal Finney created an altcoin back in his time, many would have gone and bought and tried it out. which means the price would have gone up fast.
but to remain on top you can't remain with just being famous. if he created a shitcoin people would have left the coin and ruin his reputation.

What is Facebook decided to start its own coin?

it would be a token redeemable for usd or whatever. it would have zero resemblance to a true cryptocurrency. same goes for any 'coin' created by a country or bank.

what sets crypto apart is its independence from conventional monetary control. no coin created by the old guard would ever, ever give that up.

Before i opened this topic i was thinking Max Coin too  :D
And i requested someone make Miley Cyrus Coin so i could post about it on IMDB
..and someone did  :D

I was gonna get a hold of Daniel Tosh about one years ago too.. never did though.
Later he ended up doing a parody on TV about a cookie coin credit card thing.
Would have been perfect.. we'd trade .0's hahahha

Right.  What about the one you all worship, Satoshi?  What if he secretely launched another alt-coin?  Wouldn't you worshippers jump head first into it? 

Didn't amazon and google do that?  People in crypto don't trust coins started by govts and corporations.  They tend to be self enriching schemes and people are sick of seeing that.  They'll need to join Bitcoin or another established alt. 

I think not because altcoins and digital coins are not entertainment
although they make investing on altcoins still not be a threat to bitcoin
but if the amount of Investment more than marketcap of bitcoin
maybe there are chance for replace bitcoin.

No, you are overrating the power of celebrities in this field. They could get a decent marketcap going because of speculators wanting to profit from the "wow a celebrity endorsing a cryptocurrency" hype, when that is over, a big fat dump would happen and the coin would join the list of irrelevant shitty coins with no value.

For me I dont see that as a factor in determining whether the world will accept it or not. Because I have seen successful musicians sucks at any other thing other than show biz. We have seen trump coin here and I didnt even bother to check how its doing so far its not taking over from Monero for it to come close to bitcoin. Some business are just meant for specific set of people and crypto to me is not meant for entertainers.

Not necessarily true.  A popular coin pushed by a celebrity could easily create its own micro eco-system which could be quite large, market-cap speaking.

Imagine Bieber starting his own coin and only accepting that coin for things like Bieber merchandise and concert tickets.  The catch would be to make it seamless to use that token so then they'd just need to team up with social media outlets like fb and a few banks and the rest is "push'n play".  I just made thafup cause it sounds good.  ;D

A few years ago I wrote these types of celebrity and corporate coins were coming - I'm surprised it hasn't happened yet.  They can be smart about it and join "the revolution" by creating their tokens as sidechains on Bitcoin (and call them BieberBits, WalBits, MacysBits, etc), that way they don't add further fragmentation to the Bitcoin eco-system, while creating a win-win for everyone in crypto, as their popularity & fan base would also [indirectly] increase Bitcoin adoption.  I still think this is coming, too much money to be made to be ignored.

If they really want to compete with bitcoin they need also to put on the table a good amount of hashrate and make their coin secure, you can't beat bitcoin just with a new brand coin, and pos coin will not work either because their distrubution model is always bad, if facebook can not afford to invest tons of money early to make their coin strong i'm afraid it will not be worth it for them

Ha ha I remember Quark, he must have made a nice bit of dosh on MAX and Quark, from what I remember I am sure MAX went up as far as $5 at one point.

The anarchy to follow this would be insane.

Altcoin can never challenge bitcoin, it's too late. No matter how the famous guy will promote it, it doesn't matter. There are so many interest group behind the bitcoin, so it will always be No.1.

yes mate just in case they really wanted to chase btc i think they needed a lot of time and money to start since btc already created its popularity so it would be hard to surpass or to compete with it, even celebrities or big names will introduce another project maybe some crypo followers will ride but for sure they will still trust btc and continue following btc.

Come on guys. Bitcoin has 15 mil wallet accounts. We have not exactly become mainstream. It's been 8 years and we have only 15 mil. accounts. Very slow adoption if you ask me. I wouldn't be so sure that nothing can dethrone the old grandpa :-)

accounts? wallet accounts? seriously! there is no such term.
and there is no possible way that you or anybody can tell how many people are using bitcoin. which makes your 15 mil only a pure random guess.

but the point about adoption is somewhat true. it has been slow and there have been some obstacles on the way, such as the volatile price and not being regulated. but at least bitcoin has some adoption and that adoption is growing every day. which i say is more than enough to call it success.

https://bitcointalk.org/index.php?topic=636530.0 (https://bitcointalk.org/index.php?topic=636530.0)

https://coinmarketcap.com/currencies/biebercoin/#charts (https://coinmarketcap.com/currencies/biebercoin/#charts)

Biebercoin did exist at some point.....

They can anytime but I doubt if they can compete or even beat Bitcoin and I thought they will set up they are in a better position now,why fix something that is not broken and what are they going to accomplish if they set up their own crypto currency,people might think facebook will go mlm or ponzi,because facebook are full of mlm coin ads.

You guys are so naive.... there are plenty of individuals in this world with net-worths larger than all of Bitcoin. If an Uber famous person started and invested into their own altcoin, it would absolutely overshadow Bitcoin. Warren Buffett could absolutely crush Bitcoin if he introduced BuffettCoin, regardless of any of the tech or specs behind it. Zuckerberg or Gates, maybe even Trump, could achieve this goal as well. Oprah could do it, Drake could do it. Shit, I bet Dr. Phil could do it. Bitcoin is still fucking tiny.

No way in my opinion,BTC is for the many, the unknown , anything else cannot compete