The best alternative to Bitcoin

[Blawpaw]

I believe that BTC is still the model T of digital currencies and as so I think that sooner or later a new crypto will emerge to take out Bitcoin as the main preferred digital currency.

So, What's your pick about what could be the next big crypto?

[1714935103]

1714935103

[kazuki49]

Monero.

https://bitcointalk.org/index.php?topic=1157779.0

[bitcart]

Ethereum

[fulgdenea]

SONICCOIN SSD is best alternative of bitcoin same algo SHA-256 but some extra security features.

https://bitcointalk.org/index.php?topic=755180.0

[riceberry]

NXT

[flagel8]

You make one mistake with Bitcoin, and eventually you will, then everyone who wishes to will be able to see what you have, where you got it, how you spend it, and when. They'll (given enough motive) kidnap your loved ones, or perform $5 wrench decryption on your wallets. They'll be able to track your weakness for Banh-mi every Thursday evening at 4:37 p.m. They'll be able to tell that your coins passed through a hacked and stolen webwallet, and blacklist them into unspendability.

Bitcoin deserves a place in history, but for my funds, I want something private, fungible and untraceable, none of which describes Bitcoin. But it does describe Monero.

[whap]

Just the fact that it's a 100% open source, transparent project from scratch with fair launch and an ongoing active development, where privacy is hardcoded into the protocol and where a blocksize debate will never be an issue, makes Monero a big candidate for being the next major step in crypto evolution.

But yeah, XMR shills/trolls are a behated species all over here, that's why it's a shitcoin right?

[Blawpaw]

You make one mistake with Bitcoin, and eventually you will, then everyone who wishes to will be able to see what you have, where you got it, how you spend it, and when. They'll (given enough motive) kidnap your loved ones, or perform $5 wrench decryption on your wallets. They'll be able to track your weakness for Banh-mi every Thursday evening at 4:37 p.m. They'll be able to tell that your coins passed through a hacked and stolen webwallet, and blacklist them into unspendability.

Bitcoin deserves a place in history, but for my funds, I want something private, fungible and untraceable, none of which describes Bitcoin. But it does describe Monero.

I recognise that XMR has some potential because of its anonymizing features but let's face it we already got Dash (Darkcoin). besides, why Monero and not Bytecoin (BCN)?

[SBOSS]

Who cares about this forum?  Only alternates people have heard of, in the real world which matters, is Litecoin and Doge.  I'm thinking people would sooner go over to Litecoin than to a coin with a mascot of a big fat yellow dog..

Nobody has heard of Ripple.  Ripple tried to do "deals" with many banks and companies, like Wells Fargo and Western Union, and yet it felled through each time.  Ripple has been doing these pump and dump announcements for years.  Ripple being located in the US means it'll probably get the eGold treatment.  Ripple already had a huge fine from FinCen.


 
Nobody has heard of Ethereum.  The Ethereum media machine is already slowing down (ran out of money) and only thing they ever really did was publish articles on cryptonews sites read by dozens and hundreds.   When the initial launch hype wears off, Ethereum will be joining Bitshares, NXT and the other 2.0s in capitalization & volume.



Monero?  Shut the f*ck up!

Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges.  It will simply bypass this subculture.

[TPTB_need_war]

Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges.  It will simply bypass this subculture.

Damn. How did you know my marketing plan. Kudos.

You are spot on. The Bitcointalk.org market is too small. And it is being eaten away by shitcoins, declining crypto market, and the conversion of Bitcoin into GovCoin (aka GavinCoin or Bitcoin XT) which destroys the network efforts of widescale permission-less commerce. Bitcoin is being folded into vulture capital top-down morass.

P.S. the best alternative to BTC right now is the $us dollar and USA stocks. Seriously BTC is headed below $100 by Spring 2016. Then a new bull market will ensue in crypto. Get out of crypto for the time being.

Let's review what I wrote more than a year ago as AnonyMint:

Bitcoin adoption slowing; Coinbase + Bitpay is enough to make Bitcoin a fiat

I gave the explanation that money is power-law distributed and thus we should expect the greatest serious network effects on adoption at the beginning because the power investors come in the earliest. The log-logistic (cumulative distribution function) curve corresponds to the power-law distribution.

I had an epiphany in my dream last night that there is a simpler explanation which also corresponds to the power-law distribution of money as follows.

"Most people who learn about Bitcoin, don't adopt it".

Why? Because it doesn't fulfill a general need. The need it fulfills is very specific to a white male, hate central banking demographic. It doesn't have fast transactions, doesn't have consumer protection, the money is difficult to secure, it is technically challenging to use, etc..

A consumer adopted item such as a washing machine has logistic adoption curve because every person who hears about wants it. Thus maximum word-of-mouth is reached at 50% of adoption. Whereas, for Bitcoin maximum rate of effectiveness of word-of-mouth was when only the correct demographic was listening back before July 2011. Now as Bitcoin tries to speak to the masses, they mostly don't care.

Thus if you want to build a Bitcoin killer altcoin, you simply make sure it is something every person will want to do.

Put Coinbase and Bitpay together and you have both the consumer and the merchant, you don't need the block chain any more. Also the mining is already centralized. How much more obvious could it be?

And during this time our core development team and Foundation have been doing what to ameliorate this outcome? Meeting with the CIA and CFR.

And recently:

I am thinking the fundamental flaw in any consensus algorithm that relies on some asset, is that the economic game theory is such that the asset will concentrate towards a winner take all over time.

What if a system makes a winner to give away his "power" if he comes close to the point of no return?

That is a common argument that the society will bolt into a minority hash power (or minority stake) chain with the majority of users. However the problem with that in the context of all published designs I've seen, is that we all know well that the users tend to continue using (preoccupied, irrelevant to their priorities, etc) what they use and those tend to be controlled by the same vulture capitalists who will centralized the mining, e.g. Coinbase. Blockchain.com (see below), etc.. However you have identified conceptually what my design in effect technically accomplishes.

Do not trust any vulture capital endeavors. They are all beholden to the capitalist network that enslaves the world. That is for programmers whose priorities are to get rich on some fat compensation with stock options and not on changing the world. You'll find nearly no programmers of my talent and capabilities who are willing to work with no guarantees and only $2000 monthly (self-funded for the past 2 decades up until this month) in survival goods expenses. Believe me, I've tried to find them and failed.

Maxwell's Blockstream (whether he realizes it or not) is probably just another Hegelian dialectic gambit by the powers-that-be, where there is a good and bad car salesman (at the same dealer), so the good one looks less worse than the bad one and fools you into a horrible deal.

Traitor! We must replace this shit company. Not with politics. With superior code.

The plutocrats are pushing for their NWO electronic (digital) currency. Yet another clue of where GavinCoin is headed.

http://blog.blockchain.com/2015/08/08/bitcoin-news-for-the-week-of-8315/

Blockchain CEO Peter Smith traveled to SE Asia with British Prime Minister David Cameron and other fintech executives to speak with senior regulators, bank CEOs, and telecommunications executives about the future we are working towards as an industry. - See more at: http://blog.blockchain.com/#sthash.ggmqlh9f.dpuf

[SBOSS]

People say there  is no proof anyone wants a coin but is there any proof anyone wants smart contracts?  

People been posturing about smart contracts for a year now and have YET to provide one good use case example for it yet.

BTW Bitcoin only has around 5500 nodes, Ethereum around 300 and most alternates less than that.  Can 5500 servers around the world really hold data for all your hypothetical big multinational customers?

[kelsey]

Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges.  It will simply bypass this subculture.

i concur.

[kelsey]

this community (even the legit side of it), is obsessed with adding unneeded bells and whistles, finding solutions to non existent problems all under the label 'innovation'.


the bitcoin killer will be an extremely simplified p2p currency. trusting is understanding and trust is crucial to currencies success. along with simplification comes usability, also crucial for mass adoption.

[kingscrown]

LTC for now.. and nothing can beat it

[jeffthebaker]

Clearly the Bitcoin killer will not come from Bitcointalk and won't be listed on any cryptocurrency exchanges.  It will simply bypass this subculture.

i concur.

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

That's.... actually a plausible occurrance, and one I haven't even thought of before. I would definitely agree that the anarcho beliefs of the early adopters are a bit too extreme to be a good foundation for a universal currency, and I suppose if something was birthed in the perfect environment it could become vastly more popular (and therefore superior in value) to Bitcoin.

[TPTB_need_war]

One day you will understand that without censorship resistance, all you've got is fiat 2.0.

No crypto-currency that exists today has censorship resistance.

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

Yes. And it will be the one that enables 1000 Silk Roads bloom. Not just for drugs but for every fucking thing the gubermint regulates and fucks up. Everything from social networking to porn.

Stop trying to think of crypto as taking over the brick&mortar world.

The markets I just enumerated are 100 times bigger than anything Bitcoin has even tackled yet.

This will all become more apparent as the gubermints regulate Bitcoin more and more and capture it in bed with vulture capital. And as the global economic collapse proceeds into Economic Totalitarianism, the gubermints will tax and expropriate everything that moves. And people will need an escape else the global economy will collapse into a Dark Age.

Spain fines you for taking a photo of police and posting it on social media. Chicago and France want to tax bandwidth on the internet. The dumbass youth cry for gubermint regulation with net neutrality lies. Etc, etc, etc....

The writing is on the wall, and I've been preparing the technological solution. I saw all this 2.5 years ago:

Bitcoin - The Digital Kill Switch

[LieTOme]

doge coin always

[kelsey]

wow can't believe this thread (or atleast half of it) is turning into a meaningful discussion.

[jeffthebaker]

One day you will understand that without censorship resistance, all you've got is fiat 2.0.

No crypto-currency that exists today has censorship resistance.

So what you are implying is that if/when a new digital currency overtakes Bitcoin, it will be one that thrives off of a different community altogether?

Yes. And it will be the one that enables 1000 Silk Roads bloom. Not just for drugs but for every fucking thing the gubermint regulates and fucks up. Everything from social networking to porn.

Stop trying to think of crypto as taking over the brick&mortar world.

The markets I just enumerated are 100 times bigger than anything Bitcoin has even tackled yet.

This will all become more apparent as the gubermints regulate Bitcoin more and more and capture it in bed with vulture capital. And as the global economic collapse proceeds into Economic Totalitarianism.

Spain fines you for taking a photo of police and posting it on social media. Etc, etc, etc....

I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin? If mass adoption is the end goal, I don't think anything created solely to bypass the government could do the job. And on the topic of government...

What if some government created their own digital currency that saw mass adoption due to having characteristic similar to what people worldwide value in the US Dollar? That could potentially be the crypto that goes worldwide, even if it doesn't do any of the things Bitcoin prides itself in.

[TPTB_need_war]

I understand that there are niches out there that Bitcoin currently doesn't help to make more accessible, but is a niche currency actually a viable way to overcome Bitcoin?

The niche will become the economy, because the gubermints will destroy everything that isn't censorship resistant over the next decade. Top-down control destroys network effects. Network effects is what gave us the great internet. They are trying to destroy it now.

You all are thinking about it wrong.

The sharpshooter from 1 mile away aims in front of the running target, else the bullet will be behind the target before it arrives.

The niche I described is larger than the current Bitcoin economy and it will grow very fast.

We've entered the global collapse as of October. It will worsen every year and in the West at least through 2032. It won't be like 2008. You all are not prepared.

All your Starbucks will be irrelevant. That socialist politically correct yuppie shit will die (cheap coffee for 30 cents and soup kitchens will thrive).