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Author Topic: 'Market competition leads to better products for consumers' -Roger Ver  (Read 285 times)
Red-Apple
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May 09, 2019, 02:01:58 PM
 #21

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, 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.
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.

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.

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darylalban
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May 09, 2019, 07:16:02 PM
 #22

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
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May 09, 2019, 07:36:00 PM
 #23

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.

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May 09, 2019, 08:21:25 PM
 #24

"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

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May 09, 2019, 10:08:23 PM
 #25

Is Roger Ver an investor in Elixxir? I know Chris Larsen of ripple is
powerman24
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May 09, 2019, 11:06:47 PM
 #26


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.

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edmundo
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May 09, 2019, 11:34:07 PM
 #27

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.
akeegan
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May 10, 2019, 05:34:27 PM
 #28

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
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