The best alternative to Bitcoin

[jeffthebaker]

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 shit will die (cheap coffee for 30 cents will thrive).

I guess it is technically possible for this future to be a reality. However, I think the chances of such an occurrance are low enough to remain negligible. Besides, if a worldwide economic collapse were just beginning, I imagine Bitcoin and gold would get the job done just fine. As obscure as Bitcoin is, any miracle currency that escapes government control is much, much more obscure, and there is no way in hell that an average Joe would turn to it.

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[nextgencoin]

Well ask yourself without emotion or attachment to your book which coin is the fastest, safe and soon anonomous.


That coin is currently Vanilla Coin.

[TPTB_need_war]

I guess it is technically possible for this future to be a reality. However, I think the chances of such an occurrance are low enough to remain negligible. Besides, if a worldwide economic collapse were just beginning, I imagine Bitcoin and gold would get the job done just fine. As obscure as Bitcoin is, any miracle currency that escapes government control is much, much more obscure, and there is no way in hell that an average Joe would turn to it.

The chances of the outcome I painted are 99%. You are clueless (sorry but seriously). $227 trillion of global debt. On the verge of total economic collapse. Yeah you've heard that before but now it happens. Now.

And you are equally clueless about the technical censorship capabilities of Bitcoin.

Dude read my archives, then you will realize my background. Sorry not trying to be a jerk, but I don't have time for this. I am too busy coding. I am telling you what is, it is up to you to read my archives and wake up from being a boiling frog. Or don't. Sorry I can't help lazy people.

P.S. no offense intended. Trying to wake you up. My archives (including when I was AnonyMint and other user names) have loads of empirical data if you need that.

[SBOSS]

Why do people think Bitcoin is depression proof?  In a depression the "cash rich" buy every asset (including precious metals) for pennies on the dollar.  

The real reason for price of gold increasing during the Great Depression was an artificial market when they confiscated gold and then implemented price fixing.  This is something the loony gold libertarians often omit.

https://en.wikipedia.org/wiki/Gold_fixing

In 1933, Executive Order 6102 was signed by U.S. President Franklin D. Roosevelt, requiring US citizens to turn in their gold for $20.67 per ounce. Afterwards, the price of gold was set at $35.00 per ounce.

Unless the US government confiscates Bitcoin (*trying to contain my laughter*) and fixes the prices to $10,000 a coin ~ nobody is getting rich off Bitcoin in a depression.  More like what little buy support for Bitcoin would evaporate.  

In case you didn't notice, countries like Ukraine, Georgia and Argentina have huge Bitcoin coverage (soon Greece with 1000 ATMs) and yet nobody is buying Bitcoin over there - even though in theory, they need it the most.  In practice: when people have no money they HAVE NO money and can't acquire Bitcoins or any assets.

[TPTB_need_war]

The only reason to acquire crypto-coin (in a depression) will be to be able to conduct commerce that the totalitarian bankrupt gubermints are going to outlawexpropriate because they need to steal everything in order to meet their unfunded social welfare liabilities.

This is Hilter's Universal Health Care all over again. You do realize the Nazis had to start killing "the weak and unfit" because the socialism was bankrupting Germany.

Look at all the starry-eyed 50% unemployed youth in Europe today. It's brewing again...

[kelsey]

think people need to get back to the basics.

what is purpose and benefits of a p2p currency, and what is needed.

in my mind the purpose of a p2p currency, is a currency that people can exchange freely without hindrance (whether that hindrance is in the form of governments or money changes).

also what is needed, is a currency that retains its value indefinitely, so work done today can be used and maintain its value at anytime in the future.

pretty simple but unobtainable thus far.

[TPTB_need_war]

Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement and not Bitcoin's 11% per annum debasement! It was higher in past years yet everyone says Bitcoin is not debasing and then later when it is GovCoin they will debase it more..)

[Franciem]

I prefer Litecoin to 2nd Big Currency faster verified transaction than bitcoin also price is very high than other altcoin
and 3rd is DOGEcoin

[kelsey]

Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement)

problem is now the world/global economy is run on the opposite ie people using value of future work now, before having done said future work (which enslaves future production in usury).

[thimo]

MAPC from my sig might be

[SBOSS]

Exactly.

(except not indefinitely as that would enslave future production in usury...this is a myopia of many gold bugs...you need a very slow rate of debasement)

problem is now the world/global economy is run on the opposite ie people using value of future work now, before having done said future work.

Tech bubble.  Ignoring all fundamentals.  Problem who ever got punished?  Mark Cuban's Broadcast only made $15 million in revenue, no profit and today he is a billionaire reality TV star.  That was 20 years ago.

Current example is Elizabeth Holmes who admits her company is: "non-profit", refuses to publish financials, probably has never made a profit and yet strangers just made her a billionaire.  This is the present.

The reason they do is they think there will be future profit, as Kelsey indicated, but I've yet to see this working on the scale of those billions valuation.  

Ultimately a good question is where did these billions come from the first place?  Originally they were probably from pension plans and taxation dollars before the money started moving around.  In essence it was a transfer of wealth from the middle class to a select few.

 

[jeffthebaker]

I guess it is technically possible for this future to be a reality. However, I think the chances of such an occurrance are low enough to remain negligible. Besides, if a worldwide economic collapse were just beginning, I imagine Bitcoin and gold would get the job done just fine. As obscure as Bitcoin is, any miracle currency that escapes government control is much, much more obscure, and there is no way in hell that an average Joe would turn to it.

The chances of the outcome I painted are 99%. You are clueless (sorry but seriously). $227 trillion of global debt. On the verge of total economic collapse. Yeah you've heard that before but now it happens. Now.

And you are equally clueless about the technical censorship capabilities of Bitcoin.

Dude read my archives, then you will realize my background. Sorry not trying to be a jerk, but I don't have time for this. I am too busy coding. I am telling you what is, it is up to you to read my archives and wake up from being a boiling frog. Or don't. Sorry I can't help lazy people.

P.S. no offense intended. Trying to wake you up. My archives (including when I was AnonyMint and other user names) have loads of empirical data if you need that.

No offense intended, but I think you are full of shit. If USD collapses, people won't be looking for a new altcoin that can evade the governments. As I recall someone saying recently on the forums- if the USD collapses, you better be researching sustainable agriculture, not protecting your money.

[TPTB_need_war]

Like every other fool who has ignored me and lost so much.

You should really review my record.

Your conceptualization is simpleton, myopic, and incorrect. The USD will not be collapsing, it will be growing stronger!

[kelsey]

Like every other fool who has ignored me and lost so much.

You should really review my record.

Your conceptualization is simpleton, myopic, and incorrect. The USD will not be collapsing, it will be growing stronger!

tis fine to debate, just don't drive angry 

[ArticMine]

What are the two most pressing problems facing Bitcoin today?

1) The blocksize debate that is currently tearing the community apart
2) The threat to fungibility by the tracing of Bitcoins on the blockchain

Which is the most liquid POW coin that solves both of these problems?

1) Monero.

[Flyskyhigh]

Mintcoin

http://www.mintcoinofficial.com/
https://bitcointalk.org/index.php?topic=450381.0

Stay Fresh! Mint Coin

[LieTOme]

Mintcoin

http://www.mintcoinofficial.com/
https://bitcointalk.org/index.php?topic=450381.0

Stay Fresh! Mint Coin

This is also an interesting one. I recommend this

[n2004al]

There will be never a replace for bitcoin. This is what I think. All the other coins, any kind of coins, will be some kind of clone of it and as such never real competitor to it. There are declaration of this kind every month but bitcoin is again there where it has being without any problem.

[foxkyu]

There will be never a replace for bitcoin. This is what I think. All the other coins, any kind of coins, will be some kind of clone of it and as such never real competitor to it. There are declaration of this kind every month but bitcoin is again there where it has being without any problem.

for know i think i am agree with you. that there will be no competitor or other coin that can replace bitcoin
but in the next future there will be a new coin that can replace bitcoin with some condition.
we have to wait until some "big fish" join or create new project about cryptocurrency.

[generalizethis]

There will be never a replace for bitcoin. This is what I think. All the other coins, any kind of coins, will be some kind of clone of it and as such never real competitor to it. There are declaration of this kind every month but bitcoin is again there where it has being without any problem.

If you're set on never meaning the time you've experienced (IE the past of your example), how will you ever be wrong?

If you mean never as forever-ever (https://www.youtube.com/watch?v=WRcaSIMxfYg), then how can you ever be right? I guess humanity could get wiped out by a singularity event (comet, disease, etc) and no more sentient life could exist again before the world gets swallowed up by the sun. But if humanity exist long enough, Bitcoin will be replaced. Whether it is by a form of cryptonight, zerocash, quantum money, whatever TPTB_need_war is developing or something else entirely is the question. My bet is that a true form of cash beats BTC long-term as the bankers and governments of the world can adopt Bitcoin's innovation and only a decentralized and opaque (or in quantum money's case user-verifiable security/confidentiality) blockchain is something they can't subsume in their lust for power.

Bitcoin and what follows and what follows and what follows that will only be the end game if innovation stops, and as TS Elliot pointed out, that is the type of whimpering context that the world ends on.