Bitcoin Forum

Saw this on twitter this morning from Roger Ver and I can't help but agree. Also interesting that he called out the Elixxir project in terms of competition. Does he mean against BTC?

https://twitter.com/rogerkver/status/1125753143625523200

Yes, he means against BTC. Elixxir is backed up by David Chaum, a cryptographer and a PhD in computer sciences. However, I don't know how much the Elixxir project can be a real competition against BTC, despite the promising features, such as quantum cryptography, transaction speed, or enhanced privacy. Many projects nowadays promise the same, but they can by no means be a real competition to Bitcoin. IMO the strength of Bitcoin is primarily in its very competent dev team and of course in its powerful network.

So there is no real competition in sight.

I agree with that statement, the more competitors in the market means the more companies try to create the better product. Well, about elixxir, I'm not really interested as there are so many same projects previously and none of them have a better product in my opinion.

Does he mean against BTC?
I don't think so, let elixxir compete with other similar projects first before heading against Bitcoin.

Do you really think any other coins/tokens will ever be able to compete against Bitcoin no matter how good product or service they might have?

Total Market Cap: $186,897,594,154 

BTC Market Cap: $104,761,431,968
BTC Dominance:  56.1%

I really don't think so... just my opinion.  :)

Definitely competition should be welcomed in the crypto space but  proliferation of the same concept over and over in my opinion doesn't speak good.. I have even seen the same Roger ver supporting project with same usecase and I find it completely wrong in my opinion.. I hope Roger ver is not stylishly trying to shill elixir.. He refuses to focus on developing his own project but spends time promoting new projects everywhere and antagonizing the bitcoin network at every opportunity..

In the real sense of economy yes, but in crypto currency
We have witness even more worse products than before

I believe basic principles are not for crypto currencies

I am quite sure that Elixxir is a good platform that can be competing well in the marketplace soon. However, to compare it to Bitcoin at this stage...well I believe that may not be working for its marketing side. Yes, there had been a line-up of many good projects that at the start started to compare themselves to Bitcoin convincing us that they are better, faster and just much better but then where are they now? Bitcoin remains on the top though admittedly it may not be the best nor the fastest. Ultimately, the judge for this matter is the market and so far Bitcoin is having a continuing winning streak.

Yes, I am absolutely sure that many altcoins will successfully compete with Bitcoin in the future, especially if Bitcoin will not maintain its competitiveness. This is the law of any market and it is useless to argue with that. Bitcoin was the first type of cryptocurrency and therefore it has long been the most famous and popular. However, the world is constantly changing, along with Bitcoin, there are a lot of promising cryptocurrencies and the Bitcoin team will have to make a lot of efforts to keep it still for a long time the leader of cryptocurrencies.

Maybe he got invested in that project and is trying to promote it. That being said, I think there are lots of promising projects worthy to be called as Bitcoin's primary competitor but given BTC's market edge and adoption, I guess it will take a long time before it will be dethroned as the number 1 crypto in the industry. :)

What does bitcoin have a team?).All cryptocurrencies have their own unique capabilities.And by and large, competition is not among cryptocurrencies, but among the crypto community.You must agree that if no one is interested in a certain cryptocurrency, then there will be no future for her.

Well I don't know what is running in his mind when he made that statement but I don't it's for BTC because roger ver has always been against BTC for a long time now but don't want to show it anymore, though what is saying is right but the truth is that I have not seen any coin in the Crypto market that is able to set the standards bitcoin has already set and impact life as bitcoin is already impacting, this is why bitcoin is the king and will be so for a long period of time.

'Market Competition leads to better products for consumers' : This may sounds true for commodity market but in crypto space, it is big no! Market competition here leads to creation of lots of shitcoins and more importantly spending funds on projects having no vision. In crypto space, those projects having better and aggressive marketing have more chances of getting successful than projects having visionary products. For example, projects like Remme which actually developing something useful are getting less fame than projects like TRON which are entirely based on promotion.


Roger Ver, well he is interesting personality. To be honest, he was never the core supporter of Bitcoin. He is simply an opportunistic person. The moment he found out that Bitcoin could be forked, he became supporter of Bitcoin Cash. Now since BCH has lost its hype, he is supporting some other coin. All angel-investors are same, they never stay with one project, Roger is no difference.

I think regardless of the project anyone invests in, the position of a coin in the market is affected only by the aggregate demand and not by individual demand. Having said that, it is useless to argue that Bitcoin will go down due to some promotional campaign. Investors look for coin with the big trading volumes and stable plus profitable in the same time.

I saw tweet also and the only thing I agree with Roger Very is his actual statement there, competition will normally need to product improvement. But putting it such that Elixxir will be a rival to BTC is a big joke because many projects in the past have boasted of even more advanced architecture and features yet we see fake TPS when the network is congested for instance. BTC remains king, no one should be comparing it with any altcoin project.

Competition in any sphere is generally a good thing, and crypto is no different. I can't see any new start-up coin competing with BTC though. A lot of what BTC has can't really be replicated or improved - its history and market dominance mean that it is so solidly established that many people outside crypto think that crypto = BTC. And we must also add to that the fact that nothing in crypto stands still. BTC has its problems, yes, but these can be addressed as the coin is under continuous development. I can't see any new coin supplanting BTC as number one.

Its too good to be true to compete with bitcoin right now, its possible in some altcoins but not on bitcoin. The competition are increasing, no one can’t prevent that but every coins must be more developed because there are many coins that can replace them if they don’t deliver a good services. Bitcoin is still invulnerable, they can’t win against the big one.

I think he is right but competition should be positive and their should not be any kind of negative competition where one project tries to kill other project so i think Roger Ver should also come up with good quality products and features and give up his rhetoric against btc.

How? Can you point out anything that you see that is the lapses of bitcoin, most bitcoin users has never got the reason to complain about bitcoin, and let me tell you something, most people that you see in cryptocurrency world today, came through referrals, and whoever is referring them uses bitcoin as the major tools of explanation, which is what will make the person pick interest in cryptocurrency, and if they are to invest.

Bitcoin will be the first coin to be considered by these people. So there is no way anther project can compete with bitcoin no matter how perfect the system might be, they will always see it as a clone of the original BTC.

I don't think that he wants to against bitcoin, but if that is true, I think he needs to give proof to us about how good the elixxir project. Maybe he wants to create opinion in the cryptocurrency sphere, so he mentions about the elixxir project. The elixxir project still in the development progress and we don't know how good they are and it is better we see it later at the market because the market will prove if that project can survive or not.

Indeed market competition does great in encouraging developers into creating better products. This is because as market competition gets intense, the developers think of more ways to gather a stable community of patrons and they can not do this if their project is not interesting enough hence, they will fall behind and fail. In real world, monopoly in a certain industry only leads to an institution gaining more control to the consumers because they will dictate the prices and the consumers will suffer. Just like in games (https://vegascasino.io/casino/video-slots/wild-pixies?utm_source=ccwp) more competition raises the stakes as well as the money that can be earned so it is a positive thing.

he didn't say "today", he said "in the future" and i have to agree with him. bitcoin is great and compared to the other 2500+ altcoin it is the best cryptocurrency by far but it doesn't mean bitcoin is perfect. as a new technology there are a lot of areas of it that can be improved. so far many have tried, many others pretended to try but all of them have failed. some day a newer and better technology will come along just as bitcoin came along and made the centralized systems obsolete but that day won't come for at least another decade.

as we've learned from bitcoin and crypto in general is that without the community support it won't have as much success. I think that's why so many influencers try to bring light to projects they are invested in. If by chance someday a project has more people buying into it than bitcoin than it may win over BTC

I also don't understand what is meant by fighting BTC. But I can conclude that, every coin has a vision that aims to achieve success by developing projects with a great team. Of course to attract support from cryptocurrency fans. Thus it will slightly affect the price of bitcoin itself, because there are other options.

"Market completion leads to better better products for consumers. The same is true in the market of currencies". These words can't be more truer. However, elixxir is not a competition for bitcoin but rather for other established altcoins

Is Roger Ver an investor in Elixxir? I know Chris Larsen of ripple is

Sometimes it seems that too many competition does not help just make mess on the market. I believe competition is positive and market will filter out the valuable projects and send useless ones to history.

Crypto is no different from the normal market reactionary principles. In an open market system, elastic competition serves to improve overall consumer satisfaction. Where competition exist, there is bound to be fair practices from the firms and companies competing with one another to provide goods/services. Competition ensures that they are on their toes at all times, providing excellent quality in order to enjoy more attention and patronage. Crypto is exactly the same and reacts in an almost similar manner.

Elixxir is quite different than Bitcoin in that it is a privacy preserving digital payments platform. Bitcoin transactions can be traced back to its wallet where as elixxir implements cMix which obscures metadata. They're different but I think both will play a role in the ecosystem