Bitcoin Forum

I wrote this article today - How Bitcore is 40X faster than the original bitcoin, yet 4000X cheaper:

https://steemit.com/bitcoin/@jimbojones/bitcore-is-40x-faster-than-bitcoin-and-4000x-cheaper

Bitcore was created before bitcoin cash, and bitcoin cash was overly hyped and took all the attention. Bitcore seems to be far superior in every single way?

Bitcore is currently selling at $2.. and is listed on 8 different exchanges with around $450,000 a day in trade volume.

Seems like this one has been over looked?

What do you guys think?

https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmZP3zctbBFxyiSGpRQRMfZkF6Rfg1YU5sb3o5DxMzkh8P/Bitcore-Compared-With-Bitcoin-Bitcoin-Cash-Bitcoin-Gold.png

Heard about this coin a long while back and was honestly impressed with the symbol, specifications and the development team themselves. I heard about a particular airdrop related to this coin too(Not really sure if it is still going on) based on how many coins we hold, but never participated in it. The thing that you need to understand is popularity is given more preference over specifications any day which is why Bitcoin will always be king.

Because it is something new to the community,when does these new coins with more features than bitcoin surpass the king? never because bitcoin has the first syndrome and people who has been invested since then wont allow other currencies to overthrow bitcoin easily but who knows what will happen in the future?

Sadly the air drops are over, but i found this cool web based miner you should check out.. i wrote this article and if you take a look at the mining rewards over time if this coin price increases, it could be very profitable.

http://blogforbitcoin.com/here-is-why-you-should-use-this-web-based-bitcore-miner

Yeah it would be hard for any of them to surpass bitcoin. I guess the only way is if it some how they become more popular - but nearly every website or application is built based on bitcoin so i don't see that happening too easily.

Although maybe if somehow bitcoin could be seen as racist - that always seems to get everyone really upset these days and could drop the prices LOL..

I can mine 5.5 coins per year on my CPU alone, if they ever become worth something that is some good profit for such little mining power..

Stainless Steel has about 4x higher tensile strength than Gold but gold is about 30x more expensive than AISI 430 stainless steel for instance. that doesn't make gold better than SS when it comes to using it in a corrosive environment!

when it comes to a cryptocurrency, the settings that bitcoin has are not just some random numbers set there to have some sort of attribute for no reason. there is a lot of reasons most of them security related.
for instance having a 4x faster (10 min / 2.5 min is 4x  not 40x by the way) blocks means having that much more orphaned blocks. and orphaned blocks means 1 confirmation in BTX is 10000 times less secure than 1 confirmation in BTC because 1 conf. in bitcoin means 99.99% chance that it is final but not BTX.
not to mention that the money loss for miners is that much higher.
also the size of the blockchain will grow 4 times faster in other words bitcoin blockchain size after 9 years is about 144 GB and BTX in 4 years could have 576 GB which is huge. not to mention that the block size of BTX is 10 MB which means the total final blockchain size if BTX was around 9 years ago would have been nearly 6 TB. would you buy a 6  TB hard disk just to run a BTX full node? the answer is no and the result is centralization.

this is why it is 40000x cheaper. and this is why other altcoins are also cheaper,... and coins like BCH, ETH... won't live in the long run.

now the misleading part for you is that you look at the max block size but the reality is that coins like BCH, BTX,... don't practically have that much size. what they have is 400 byte to 1000 byte blocks while bitcoin continues having 1200000-1600000 bytes blocks

It's not just about being fast and technologically advanced.
The thing that counts more in crypto world are decentralization, community,  trust and for the part of bitcoin legacy.
Nearly all of modern coin are more advanced than bitcoin but in bitcoin is still a synonym for cryptocurrency.

There is also bitcore signature campaign, so theoretically one can earn this coin for posts.
Answering the op, bitcore is fast indeed, but it is not just about speed, because there are many fast coins about which nobody really cares. While bitcore logo looks nice and there are people believing in the project, the main opinion on it is probably that the team is weak and the project lacks a central idea, innovation or product. Moreover, as bitcore is still a blockchain-based coin, it means that the transactions there are, the slower and more expensive they become. Plus, as there aren't many users, we can't be sure whether it is stable enough and bug-free.

Bitcore doesn't need to replace bitcoin, I don't expect any coin to replace bitcoin.
But btx can replace a lot of other coins.


You need to be high ranked though.

Here is a good video that shows you how to mine Bitcore on a GPU.

https://www.youtube.com/watch?v=bTukbd-P4cE

i think this is not about the transaction speed, but this is about the trust of peoples who hold bitcoin.
Many peoples use bitcoin more than bitcore thats why it is more expensive.
Bitcoin has been bought and sold for ten years, peoples bought and sold higher, so it can be this expensive.

Not strong enough to defeat bitcoin until the user prove it by theirself.
Many statement like this like bitcoincash will defeat bitcoin, even the CEO of bitcoin itself said that.
But people still trust bitcoin rather than other coin

The main thing today is not some sky-high figures of speed, but a worldwide recognition. Bitcoin is a brand that everyone will know. Crypto currency? Yes, I heard about bitcoin. This is the whole point.

Yes brand recognition is one of the most important things, for sure :)

Bitcore will be the same as Bitcoin Cash and Bitcoin Gold, can not be called a breakthrough that will outperform various aspects like Bitcoin, long forgotten because the hype on Bitcoin Cash ends with good technology, good teams, and good marketing, everyone hopes to follow a trace like Bitcoin, but in fact it does not, it all feels no different from altcoin, which is only trustworthy today is Bitcoin, decentralization, the ease that makes it more liberal for every user, does not have any accidental good, most people talk imitations are so unlikely to be able to grow with fast outside Bitcoin.

And you have heard of bitcore now too, right :P

Waoh never thought of this
also the size of the blockchain will grow 4 times faster in other words bitcoin blockchain size after 9 years is about 144 GB and BTX in 4 years could have 576 GB which is huge.

Kinda impress with your sharing

But why would ETH not last long in your case? I assumed ETH is kinda a good Bitcoin alternatives to replace it if we doesn't have coins like NEO, Waves, EOS

I don't think it has anything to do with speed. ;D
Many altcoin is much faster than bitcoin. However, bitcoin is still the market leader, and the market only recognizes the value of bitcoin.

And then it may better of you remove the bitcoin from the table of comparison. It looks like bitcoin should be included on the exceptional to be added on your list.
I would like to see bitcoin core replace bitcoin cash rather than aiming to compete with bitcoin  ::)

whatever ETH is, it is NOT a  bitcoin alternative because they are not in the same category. bitcoin is a currency made to perform as a global payment system while ethereum is a platform made to perform as a blockchain for smart contracts.

when you are making a distributed ledger and claim to be decentralized you have to consider the fact that regular users have to be able to run the full node and store that distributed ledger so that you can have a perfectly decentralized system.
when the size of the whole blockchain is gigantic (above 1 TB for ethereum right now) and the average user doesn't have that much space to waste for the blockchain (it is 140 GB for bitcoin) they end up using third party services like MEW and after a while only a handful of people (usually exchanges and the foundation) run a node and that is the source of centralization because from then on you have to connect to that centralized node and push your transaction and they can easily deny your tx, ask for more money (bribe), change anything they want in the protocol,... meaning full centralization.

and it is not just about the size it is all the other resources that it takes. like your RAM to load the large data in it, all the CPU power it takes to verify the blocks, relay transactions, ... all the internet traffic that it takes so unless you are on a no-cap internet you will waste a lot of your traffic running a node and a lot more.

Of course.. bitcoin has all the branding.

What im really looking at here tho is comparing it to the different altcoins.

Bitcoin cash is the best example.. it's like $800 or so -  Why?

Cause it was shilled by roger ver like nothing.

Bitcore is only $2 or so.. if i was looking for a new coin to invest in it would be bitcore as apposed to bitcoin cash.. simply based on the fact the earning potential is much higher with bitcore at this point in time.

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Let bitcore faster, but the fact that bitcoin is more popular and famous, and even the first among the crypts, and therefore more attractive for investments!

In the digital money market there are always surprises and unbelievable. Many alcoin have a very high growth rate, because the technology and fomo have created big waves.

i think it is not about how fast is the tx speed of bitcore, but how much peoples buying the coins.
Bitcoin price is very expensive because there were many peoples buying bitcoin year by year.
Bitcore may need some time to become adopted by cryptocurrency users.

I thin the very reason here is the power of influence of bitcoin due to its popular demand. Although bitcore has that kind of advantage this thing will remain powerless as long as the investors is not on its side. It is very hard now by the way to replace bitcoin on its place because people already aware about bitcoin and being hypnotized by its volatility.

There is alot of Altcoins out there that is alot faster than Bitcoin . Whats the point to compare it with Bitcoin and tell everybody that is faster ? Same applies to lets say i Created Clone of facebook and took out the Adverts . Does it means my Facebook Clone is better than facebook ? Ofcourse not . Create someting that is really needed from scratch and then Compare it with bitcoin .

Waves is also faster than many of coins. Butit's not just about the price. Specifically for Bitcoin, it is kind of reserve currency. And that gives big value to it.

Yes bitcoin is more popular, but im not sure if its a better investment at this stage in time.

Bitcoin is $8000

Bitcore is $2


No way to get 1000% gain on bitcoin.. not for a very long time.

Im not saying bitcore is better.

I am simply pointing out its 4000X cheaper yet 40X faster :)

Why is bitcoin cash so expensive?

Hype, nothing more.

So your opinion is.. because bitcoin is more popular - it's a better investment?

I think its probably a more solid investment.

But let's say you invested $1000 into BTC.

Is it going to double? Triple? X 100? I don't think so.. X 100 would put bitcoin at $800,000 each.

X 100 on bitcore would be $200.

That's why i invested into bitcore..

Yes i think this is a good point, comparing it to bitcoin cash rather than bitcoin.

Ethereums blockchain is so big i can;t even download it lol.. it updates faster than i can download it..

Bitcore just got added to Jaxx wallet with 1 million downloads :)

Bitcore has zero chance of taking over Bitcoin.  Bitcoin was 1st.  In this game being 1st is everything.  Not sure it it makes sense but that's the way it is.  I don't seeing Bitcoin being dethroned by a faster coin.  I only see it being overtaken if a government steps in. 

I accept that Bitcore is faster in terms of transaction and better in terms of some other aspects of the bitcoin but yet bitcoin is the most trusted curreny by the people maybe because it was created first but Bitcore has great potential as well,last yer the price passed over $30 but now it was around $1.25 so it has potentil but not lot of invesots we will see some growth in the upcoming days but it will never exceeds bitcoin.

The reason is simply because Bitcore is a new currency, the community is limited, the popularity is not high ... Bitcoin is the king of electronic money in all areas. As a result, Bitcore is far behind in terms of value.

all coins called bitcoin will probably become famous for writing symbols and similarity in supply, but we have to revisit the project and the team, lots of coins with the name bitcoin today.

Bitcoin is the oldest cryptocurrency and mining is big business so the big backers will ensure that bitcoin has value. On the other hand, Bitcore is a relatively new coin and it does not have much support from whales.

According to your article, i think bitcore has some major differences in trading perception, however you can't say bitcore may overcome the bitcoin.
People have cherished the bitcoin and there is nobody among traders who can skip bitcoin for now

Bitcore in not very new it is also one of the old coin and the team is very good the less popularity is due to the low knowledge of crypto currencies among the investors who just invest only on bitcoins.