You are trolling right? I have enough of people claiming that bitcoin is only good for fraudsters, robbers, kidnappers, hackers and other crime oriented professions. Bitcoin is just a tool, just like knife or gun. Do you think that every gun should be banned because some killer can use it for murder? Normal FIATs (paper money) are untraceable and hard to track as well...

So you admit it yourself that bitcoin is indeed the best option we could have for now. I can see that you are trying to say that FIATs are relicts of the past. Altcoins in general are distraction and wasting time for something what will probably fail in the long run or will be very hard to 'put through' (as great number of them failed already are in the process of failing). And our really one and only option is to focus on perfecting bitcoin...

Not really, I don't think there are that many questions in this thread.
You seem to be very selective in your replies and haven't address most of the things from my last 2 posts.


That's not what I meant.

You call Bitcoin centralised because of "only 5 core devs", while there's absolutely nothing stopping you from being the dev yourself. You don't need anyone's permission. If you have knowledge/skills and can use arguments to convince others to your ideas you could have more influence then those 5.

As for now, you sound like complaining about 'water being too wet'.

Also, you didn't answer my question:

It also got biggest network, number of users, adoption rate and nice name. But being first is huge in this case. We're not talking about first grocery store in town, which have a big advantage of being first, but can easily lose it's position to competitors with better prices and better services.

Current bitcoin users cannot switch to other (currently best) coin without turning whole cryptocurrency 'industry' into big joke. If everyone jumped from coin A to better coin B, then no one in the right mind would keep any significant amount of $ (equivalent) in coin B, as there'll be a risk (or even certainty) that someone will launch "new and improved" coin C and everyone will jump on that.

Bitcoin doesn't have to be the best (whatever that means) it has to be "good enough".

And the bottom line is, Bitcoin is not un-changeable. If there's ever new protocol, or improvement invented and everyone (or vast majority) agree is better than the current one, you could switch Bitcoin to that. With the biggest network and user base, that scenario seems more likely to happen than other crypto taking over.


How do those 5 devs control the code? What do you think will happen if they tried to force the fork that no one else agrees with? They would made themselves irrelevant pretty quickly.

You're not happy with "5"? What's the right number? 7? 20? 1000? No devs at all?

What/who is stopping you from becoming influential/valuable dev?

TBF backing the dev is was probably the most useful thing they ever did.


And how's that bad? Have they stolen your ability to control your coins? If not, what's the problem? You don't want to use BTC because people/institutions you don't like also have interest in it? Bad news, pick whatever crypto you want, but as soon as it's successful you'll have VC investors and financial institutions all over it.

So you asked us "Why bitcoin"? And I have another question for you. "If not the Bitcoin then what"? Are you telling us that the bitcoin is the dead end of evolution of cryptocurrency? Do you think we should abandon it and create some other coin now? Or do you think FIAT is enough and we don't need to bother ourselves with cryptocurrency at all?

My guess? Hes about to pump a shitcoin.... Very typical for all the scamcoins bs...

Have you already found an alternative? Or it's just an concept/forecast by now?

My question to the OP is why is this topic self moderated? Are you planning to influence the discussion by removing the posts you don't like?

If you want to ask people "why Bitcoin?" maybe it would be good to ask yourself "why fiat?". This question was already asked at least a 100 times on the forum.


Isn't this the natural way of things? Something will eventually surpass Bitcoin, just like Bitcoin will eventually make services like Western Union obsolete and will offer an alternative to the current banking system.

It's not exactly comparable, the analogy of the "first this or that". It will never be the same after Bitcoin, it solved too many unseen things and the protocol can and will adapt anything as needed. No coin will ever surpass BTC, it is what it is.

It's the most popular alternative currency; currencies get better the more people use them.  I wouldn't use, say, altcoin-X, because if I wanted to make a purchase, I'd likely have to exchange altcoin-X into bitcoin or perhaps dollars, so I may as well cut out a step.

But if you're asking why bitcoin is the most popular and not some competitor, it's likely because bitcoin came first so it's the most established; everyone knows bitcoin, not altcoin-X or some other p2p system like, say, ripple.  This may change in the future, nobody knows for sure.

Well in all honesty there should be internal efforts to find exploits in order to fix them. I know I've read some papers discussing these. There was one relatively recently IIRC.

Back to "why bitcoin?"

1. I also think its reached the too big to fail status. It will be supported because it can't not be supported. If bitcoin fails it all fails (or takes a long time to recover)
2. It has the most secure network (most alts could be 51% with less than astronomical accumulation of hardware (POW) or currency (POS)).

I'm not so sure. There must be tens or hundreds of thousands with similar amounts of skill who would take enormous pride in killing it off if they could.

So out of all the skilled people on the planet who could take it apart to either - enrich themselves, have some lulz, prove themselves superior to every one else in the world or do it on behalf of multiple malevolent entities, not a single one has done it because they can't quite be arsed?

it seems that it take a certain effort, seeing as no one has exploited it since years