Theory: Which other cryptocurrency would people choose if Bitcoin would fail?

[franky1]

seems 99% would jump ship.. not even giving the dev's 24 hours to patch bitcoin..
..
i find that quite sad to see that no one knows that bitcoin can be patched, and instead people fear any bugs enough to run off immediately.

the issue with running off to litecoin and doge. is that you have to rely on coinbase/bitpay/localbitcoins, etc all following sit and choosing the same coin.

id much rather wait for a bitcoin update and go back to business as usual

[quentincole32]

Which other cryptocurrency would people choose if Bitcoin would fail?

based on popularity,i think Dogecoin and Litecoin will succed,they have so many person and mintable,but i also think about Neucoin,this new crypto is so popular this month,and many benefit if compared with bitcoin.

[croato]

If Bitcoin would fail, every existing crypto would fail with it in my opinion. Anyway, i dont think that is possible.

[~Bitcoin~]

I also think people will switch to litecoin as it is already in circulation and most valuable coin after bitcoin. Dogecoin seems to be far away from being used as main coin.

[helloeverybody]

It would be good if people went to doge but I would think if Bitcoin fails then cryptocurrency as a whole would fail.

[Denker]

If Bitcoin should fail, I believe that for a longer period of time no other crypto coin would be a goos choice.
This ecosystem would lose so much trust that it would take several years to step up again, if ever.
So I don't think that any of the actual altcoins would take over Bitcoin's first place.I really can not imagine that.

[ROT13]

It would depend how it failed. It would then most likely be replaced by a coin that doesn't have those shortcomings.  I don't agree all alts would fall with it.  Maybe they'd crash initially but the idea of p2p cryptocurrencies and their potential for society is well and truly out of the bag now. 

[Xialla]

I would say something build by major players like Visa, Paypal, MasterCard or tech. companies like Apple or Google. I don't expect, that something next will be totally open-sources as we know it these day..

[Cortive]

Litecoin, it's like the best altcoin there is. Would be funny if it was Dogecoin.

[Xialla]

Litecoin, it's like the best altcoin there is. Would be funny if it was Dogecoin.

nobody cares about dogecoin anymore, not even creators..

[kelsey]

already have gone litecoin over bitcoin  , guess that doesn't make too many friends in this main section. however litecoin as the leading alt most bitcoin users would support if major issues with bitcoin.

i'm certain if bitcoin was too fail, although obviously a major setback. p2p currency would still survive and push forward.

[Yakamoto]

already have gone litecoin over bitcoin  , guess that doesn't make too many friends in this main section. however litecoin as the leading alt most bitcoin users would support if major issues with bitcoin.

i'm certain if bitcoin was too fail, although obviously a major setback. p2p currency would still survive and push forward.

Well obviously p2p currencies would survive, the thing is that they would be significantly hindered by a Bitcoin collapse and it would become extremely difficult to retain or gain new users due to even worse fears of a crypto collapse. There would be huge amounts of value lost, and it would be a brutal environment for p2p currencies. I haven't studied the litecoin protocol, but if it follows Bitcoin's block halving, then it would be even harder to retain miners and keep the transactions moving.

It would probably similar to what happened with eGold, we'd have to wait a few years before trying again.

[Blawpaw]

Probably ethereum. I guess ETH is the most perfect digital currency ATM.

[azeminjo09]

If bitcoin fail I would probably chose LTC cuz it is second cryptocurrency with not that big value. But it all deppends on market, wish not to fail

[The Sceptical Chymist]

Why not DOGE?  Is it because of the silly meme? 

There are enough DOGE (all the way down the decimal places, too) in existence such that probably 1DOGE = $1.00.  Transaction times are quick and fees are low.  But truly, there are so many stupid clones floating about in the etherwebz that you could probably use any of them.

[Aggressor66]

Why should non-BTC cryptocurrencies get any attention? There's already a limited (but growing) number of merchants who accept bitcoins. I've heard about people trading some of these alternatives for BTC but where do these alternatives get spent, and why does anyone care about them...

[Amph]

Why not DOGE?  Is it because of the silly meme? 

There are enough DOGE (all the way down the decimal places, too) in existence such that probably 1DOGE = $1.00.  Transaction times are quick and fees are low.  But truly, there are so many stupid clones floating about in the etherwebz that you could probably use any of them.

it has more to do because it has an inflationary system, which somehow go against the philosophy of cryptocurrency, and bitcoin, plus it does not offer anything, and it is a joke, made only for sucking newbies money at the time

[Mr. Forum]

To me bitcoins is the type of digital currency under study. Therefore a failure in bitcoins means that I need not to venture else where. Bitcoins has a reached a place where if it fails to pick up completely, there is no other digital currency that will survive. My attention and focus are all directed to this bitcoin because of the value it holds. Other alternatives are there and never convenient as the coins. I am team bitcoins forever or never engage in digital currency.

[mtnsaa]

I think the answer is clear, if Bitcoin falls digital currency as we know it will follow. There may be a new "coin" with a different technology behind but not a single current one will survive in my opinion.

[johnyj]

Would people choose silver when gold failed?