Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: gabgab on June 04, 2011, 01:56:05 AM



Title: How come there is no competitor to Bitcoin yet?
Post by: gabgab on June 04, 2011, 01:56:05 AM
with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  ???


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: error on June 04, 2011, 01:57:54 AM
with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  ???

Exactly what is it you're looking for?


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: FreeMoney on June 04, 2011, 01:59:54 AM
with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  ???

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  ???


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: gabgab on June 04, 2011, 02:10:36 AM
with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  ???

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  ???

i thought it was you.  ;D

whatever happened to evolution and the competitive free market innovation?


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: Ricochet on June 04, 2011, 02:30:29 AM
It's still there.  There is absolutely nothing preventing anyone from making a newer and better Bitcoin.  If it provides clear advantages to Bitcoin, I will switch, just as I choose to use Bitcoin because I see clear advantages to it over Paypal and the like.  Dwolla is attempting to do the same, so all the power to them.

This "version" (so to speak) simply has the first-to-market advantage, which is becoming more and more important, though it's not an insurmountable obstacle.


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: PseudoCode on June 04, 2011, 02:38:09 AM
Why *should* there be a "competitor" ?   Who/What is there to compete with ?

You have a better system that offers significant advantages over Bitcoin in mind ?

A well-thought-out tested, open-source system that has the thousands of man-years and terawatt/hours of the existing system behind it ?

Or are you just another "Damn, This thing is already big, and I missed out out on the opportunity to be an early adopter, wheres the <next big thing> / restart-a-coin ?" Newbie ?


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: cbeast on June 04, 2011, 02:38:28 AM
I have one, but I'm hoarding all the beastcoins until they are all mine muhuhaha!


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: kiba on June 04, 2011, 02:43:32 AM
There's namecoin.

http://bitcoinweekly.com/articles/technological-jailbreak-bitcoin-to-namecoin

Above is an article I wrote that explains why namecoin is important and what it is trying to solve.


Title: Re: How come there is no competitor to Bitcoin yet?
Post by: FreeMoney on June 04, 2011, 02:43:48 AM
with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  ???

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  ???

i thought it was you.  ;D

whatever happened to evolution and the competitive free market innovation?

Free market means people can act on their ideas without violent restriction, it doesn't spawn competitors by magic. I'd love to see something better, I'm not holding my breath.