Bitcoin Forum
May 26, 2024, 04:48:02 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What is Needed of Alt's to be #2 in BITCOIN world? What's needed to make #1 Cryp  (Read 113 times)
bitfools (OP)
Member
**
Offline Offline

Activity: 112
Merit: 12


View Profile
December 11, 2017, 09:48:04 AM
 #1

+2,000 ALT's, most will be gone in 1-2 years, maybe 1/2 dozen will survive above $10, or $50M capitlization

BTC will correct big time, as the HODL'rs have been good dogs since 2013, but now its time to cash-out and diversify those faux billionaires

BTC is thin, so once say 1/2 of the whales sell 1/2, ,then the price will plummet, as the newbs fresh blood is very thin,

We start see whales dumping +1,000 for everyday for months, the cycle up/down will be dramatic, whales don't care cuz they now buy insurance via shorting the cme-brr-gs futures, they can make MOAR money when their whale sale collapses the price, thus MORE volatility

BTC will fail, because it doesn't scale, and its NOT private,

IMHO one of the ALT's will lead, something like MONERO, but the marketing of zen-cash, ethereum is already a has-been,

Most likely serious contender for #2 slot will be an 'alt' from the FANGS for micro-payment and work their way up to bitcoin.

BITCOIN will always be the bank for rich ppl, but it will NEVER be for day-trading or buying coffee

...
Which ALT??

Well look at the problems

1.) No Privacy in BTC
2.) not scalable
3.) too slow for transaction
4.) mysterious creator, nobody responsible to sue for damages
5.) sucky 20+ year old crypto algo nsa sha-256, just waiting to be hacked by public
6.) wallet files that that just sit there and say steal me, decrypt me, and cash me out!

Somebody will step forward to resolve the problems, somebody that ppl trust, a good name, an honest company, ...maybe IBM will deploy Watson? Who knows that the kind of Horsepower this problem needs.

For now BTC is #1 because it was first, but its a DOG, and its privacy sucks, and I will say again, it will never scale; BTC wasn't designed to be the New World Order Currency for people to pay 1 cent to use a toilet in Bangalore, and until somebody resolves this problem, ALT's will fourish.

Ethereum SUCKS don't even mention it, a 10 year old clone BTC with java-script as a script kiddy language, current byte-code engine of BTC is probably ok for scipting, its essentially just like python internals
bitfools (OP)
Member
**
Offline Offline

Activity: 112
Merit: 12


View Profile
December 11, 2017, 10:06:30 AM
 #2

Ethereum is over hyped and dead tech,

Most interesting are  the z-coins, zen-cash is my favorite, easy to mine, which means, its like 2011 right now

BTG will be supported by china forever and its easy to mine

Sure LTC will be around, but not likely to go up much,

Lot's of good penny coin's, but most are just single guys in moms basement

Zen-Cash has really good marketing, and its founders have all been around the block, they're serious about solving problems,

BITCOIN Classic doesn't give a shit about the problems, these ppl are in denial, they're all rich, and they follow "if it work, then don't fix it model', which means that BTC is now just a bank for rich ppl, and will never be a micro-payment system.

There are +2,000 alt-coins, most are garbage and bullshit,

If you discount the ICO's and BOUNTY's and all the bullshit MLM shit you can cut out 90% of the shit, .. that leaves with a few solid people that are serious about scaling & privacy.

Team BITCOIN-CORE doesn't give a shit about privacy, they know that when google or FANG buys them out the entire reason is to SPY on ppl, thus they work hard to keep BITCOIN open for easy forensic spying.

Monero is cool, but its ECDSA is weak by design, if I wasn't bored of this shit I would fix MONERO problems and deliver a real privacy box that had equihash algo, ...

Enough said, is there a horse that will drink the water if I hold the bucket?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!