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Author Topic: How come there is no competitor to Bitcoin yet?  (Read 2575 times)
gabgab
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June 04, 2011, 01:56:05 AM
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with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  Huh

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June 04, 2011, 01:57:54 AM
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with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  Huh

Exactly what is it you're looking for?

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June 04, 2011, 01:59:54 AM
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with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  Huh

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  Huh

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gabgab
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June 04, 2011, 02:10:36 AM
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with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  Huh

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  Huh

i thought it was you.  Grin

whatever happened to evolution and the competitive free market innovation?

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June 04, 2011, 02:30:29 AM
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It's still there.  There is absolutely nothing preventing anyone from making a newer and better Bitcoin.  If it provides clear advantages to Bitcoin, I will switch, just as I choose to use Bitcoin because I see clear advantages to it over Paypal and the like.  Dwolla is attempting to do the same, so all the power to them.

This "version" (so to speak) simply has the first-to-market advantage, which is becoming more and more important, though it's not an insurmountable obstacle.
PseudoCode
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June 04, 2011, 02:38:09 AM
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Why *should* there be a "competitor" ?   Who/What is there to compete with ?

You have a better system that offers significant advantages over Bitcoin in mind ?

A well-thought-out tested, open-source system that has the thousands of man-years and terawatt/hours of the existing system behind it ?

Or are you just another "Damn, This thing is already big, and I missed out out on the opportunity to be an early adopter, wheres the <next big thing> / restart-a-coin ?" Newbie ?
cbeast
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June 04, 2011, 02:38:28 AM
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I have one, but I'm hoarding all the beastcoins until they are all mine muhuhaha!

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kiba
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June 04, 2011, 02:43:32 AM
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There's namecoin.

http://bitcoinweekly.com/articles/technological-jailbreak-bitcoin-to-namecoin

Above is an article I wrote that explains why namecoin is important and what it is trying to solve.

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June 04, 2011, 02:43:48 AM
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with improvements built into the system, from all the bad experiences of bitcoin.

no one is doing such a thing?  Huh

We were waiting because we thought it was your turn to build a decentralized open source crypto currency. You gunna?  Huh

i thought it was you.  Grin

whatever happened to evolution and the competitive free market innovation?

Free market means people can act on their ideas without violent restriction, it doesn't spawn competitors by magic. I'd love to see something better, I'm not holding my breath.

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