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Author Topic: Why isn't there an Altcoin capable of overtaking Bitcoin ?  (Read 2043 times)
niceman4you
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August 26, 2016, 07:54:01 PM
 #1

 Just wondering why. Do you have a clue to that ?

nice to meet you
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italianMiner72
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August 26, 2016, 07:58:58 PM
 #2

Just wondering why. Do you have a clue to that ?

I think that,
if there are no significant developments in the bitcoin capabilities,
will be only a matter of time...
just look at bitshare, rhousand of transaction per second and very very fast confirmation...
etherehum.. if fix his bug fast. could be a really goog coin...

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August 26, 2016, 08:06:18 PM
 #3

Most of the other Alt coins are simply Pump n Dump schemes and even if they are not, most people see them as a scheme. There are also no significant change in the Alt coins for people to buy it. The

coins that are making it, are the ones with some unique features. We have seen too many of these coins going scam, to even consider it as a viable investment option. We now trade in and out of these

Alt coins, but then back to Bitcoin to secure the profits.  Wink

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August 26, 2016, 08:19:08 PM
 #4

It is more of an altcoin discussion than bitcoin. And secondly answer is quite easy - because bitcoin was first cryptocurrency and everything developed later is based on it in some way.
Plus, bitcoin had something that can't be replicated - almost ideal initial distribution, when initial BTC was worthless and over time people noticed it potential.
You can't replicate this, because every altcoin is created with expectation to be worth something - and you can't impose artificial price.


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August 26, 2016, 08:58:20 PM
 #5

Very simple question with a very single answer:

1) Bitcoin is the longest surviving chain, this makes investors feel safer
2) Bitcoin has the best developers
3) Bitcoin has the strongest network

That's all.

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August 26, 2016, 09:13:17 PM
 #6

Overtaking Bitcoin in what way? As a currency? Really hard to happen. As an application-specific platform, it is definitely possible and happening at the moment (Ethereum, Maidsafe, etc.) but it remains to be seen how well these "appcoins" do. Time will tell.
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August 26, 2016, 09:21:16 PM
 #7

you can make altcoins a million times but what none of them are gonna have is the trust that bitcoin has earned. it's been working almost perfectly since the moment it was created. no down time, no contentious forks, and it's been proven by people actually using it. there ain't another altcoin that's using a fraction of its capabilities so there's no real way of knowing they can take it without risking your money.

all the tech in the world don't mean shit if people don't trust it.

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August 26, 2016, 09:31:57 PM
 #8

Bitcoin is King will always be numero uno, that's the way it is.
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August 26, 2016, 10:26:47 PM
 #9

Just wondering why. Do you have a clue to that ?

Because bitcoin is amazing with it's PoW network. I think AppCoins have a chance of getting a bigger marketcap and user base than bitcoin. Bitcoin will probably remain and start being used by new users of AppCoins because of blockchain length and PoW security.

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August 26, 2016, 10:57:55 PM
 #10

Just wondering why. Do you have a clue to that ?

Alt coins are faster and can handle more transactions, so why is BTC still at the top.

Legacy Hype, it was the 1st popular one and with being first has the current lead on Crypto to Fiat Conversion Gateway.

Now that Coinbase has added LTC, this lead will begin to diminish with every passing month.

Reason is pure economics.
Now that LTC can act as a Gateway between the crypto & fiat , cutting BTC out of the Game Completely.

Due to it's faster speed and lower transactions price , it will be in higher demand.
With BTC, I can send $4 worth of BTC, which is 0.01 , but my cost to send it , is .0004 (23 cents)
With LTC, I can send $4 worth of LTC, which is ~1 LTC , but my cost to send it, is only 0.00010000 LTC (not even a Penny)

You can send BTC, because you believe the hype,
but poorer people & smarter people will send LTC because it will cost less and is faster than BTC.

Hype takes time to fade, but BTC Hype will fade with every passing month,
as economics make the point clear to everyone.

 Cool
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August 26, 2016, 11:03:09 PM
 #11

Most All of the other Alt coins are simply Pump n Dump schemes<snip>
FTFY.

I can't think of another altcoin that has a reason to exist.  Some of the newer ones claim to have features that bitcoin doesn't have--smart contracts and all that--but time is going to tell whether that's true or not.  All the ones that clutter exchanges like Yobit are absolute garbage and exist(ed) only to enrich the developers.  Pump and dump all the way.

Bitcoin has the brand name.  It's like Coke, and all the other shitcoins are like store brand colas that taste like shit.



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August 26, 2016, 11:32:44 PM
 #12

No altcoin has improved on Bitcoin.
Copying the concept of "Block-Chain" is not innovative new features.
Then adding ICO's make it far more scammy and pointless.

Why does a digital currency have to have a block-chain ?
think about it..

FUD first & ask questions later™
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August 27, 2016, 12:50:16 AM
 #13

Just wondering why. Do you have a clue to that ?

Alt coins are faster and can handle more transactions, so why is BTC still at the top.

Legacy Hype, it was the 1st popular one and with being first has the current lead on Crypto to Fiat Conversion Gateway.

Now that Coinbase has added LTC, this lead will begin to diminish with every passing month.

Reason is pure economics.
Now that LTC can act as a Gateway between the crypto & fiat , cutting BTC out of the Game Completely.

Due to it's faster speed and lower transactions price , it will be in higher demand.
With BTC, I can send $4 worth of BTC, which is 0.01 , but my cost to send it , is .0004 (23 cents)
With LTC, I can send $4 worth of LTC, which is ~1 LTC , but my cost to send it, is only 0.00010000 LTC (not even a Penny)

You can send BTC, because you believe the hype,
but poorer people & smarter people will send LTC because it will cost less and is faster than BTC.

Hype takes time to fade, but BTC Hype will fade with every passing month,
as economics make the point clear to everyone.

 Cool

This is my theory exactly... and when they include LTC as an option for the CB wallet service (in 2 months) it will continue it's domination. I wonder what 9 billion will look like sliding into a coin with a 180MM market cap? ROFL... the green dildo we saw on MTGOX with the USD/BTC pair will be nothing compared to the BTC/LTC pair. Takes days/weeks to move dollars into BTC in any sort of significant matter, but for BTC to slide into LTC it could literally happens within hours/days.
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August 27, 2016, 12:56:06 AM
 #14

community is stong dev team strong can and easy exchange to fiat money can replace bitcoin
is litecoin is requirement is in , but until now litecoin is stagnant and can't replace bitcoin
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August 27, 2016, 01:27:12 AM
 #15

Just wondering why. Do you have a clue to that ?

They were never designed to do so.

The "overtake Bitcoin" meme implanted in the heads of alt coin true believers is a scheme to attract liquidity.

Carrot and the stick approach.

Altcoins are designed to be the only real market Bitcoin has.

Between that and new money Bitcoin wouldn't really exist they way it does today.

A king needs subordinates or he doesn't have a kingdom.



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August 27, 2016, 01:28:26 AM
 #16

No altcoin has improved on Bitcoin.
Copying the concept of "Block-Chain" is not innovative new features.
Then adding ICO's make it far more scammy and pointless.

Why does a digital currency have to have a block-chain ?
think about it..

An overblown database to track, bag , and tax you to death.
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August 27, 2016, 02:16:20 AM
 #17

Just wondering why. Do you have a clue to that ?

Alt coins are faster and can handle more transactions, so why is BTC still at the top.

Legacy Hype, it was the 1st popular one and with being first has the current lead on Crypto to Fiat Conversion Gateway.

Now that Coinbase has added LTC, this lead will begin to diminish with every passing month.

Reason is pure economics.
Now that LTC can act as a Gateway between the crypto & fiat , cutting BTC out of the Game Completely.

Due to it's faster speed and lower transactions price , it will be in higher demand.
With BTC, I can send $4 worth of BTC, which is 0.01 , but my cost to send it , is .0004 (23 cents)
With LTC, I can send $4 worth of LTC, which is ~1 LTC , but my cost to send it, is only 0.00010000 LTC (not even a Penny)

You can send BTC, because you believe the hype,
but poorer people & smarter people will send LTC because it will cost less and is faster than BTC.

Hype takes time to fade, but BTC Hype will fade with every passing month,
as economics make the point clear to everyone.

 Cool

This is my theory exactly... and when they include LTC as an option for the CB wallet service (in 2 months) it will continue it's domination. I wonder what 9 billion will look like sliding into a coin with a 180MM market cap? ROFL... the green dildo we saw on MTGOX with the USD/BTC pair will be nothing compared to the BTC/LTC pair. Takes days/weeks to move dollars into BTC in any sort of significant matter, but for BTC to slide into LTC it could literally happens within hours/days.

bitcoin is gold....will always be......probably will have a prohibitive price to be used regularly, prohibitive transactions cost, prohibitive as a pair for altcoins, prohibitive as handling all  network transactions in a fast pace.....bitcoin won't develop n scale easy n fast...but that's good....

Litecoin will emerge to fullfill this gap, n will we see others more n more, like bitshares n omni.....but market price n legacy/ sustainable growth I can only see for btc n ltc n maybe another one for microtrasactions with a good global reach.

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August 27, 2016, 04:08:36 AM
 #18

bitcoin is gold....will always be......probably will have a prohibitive price to be used regularly, prohibitive transactions cost, prohibitive as a pair for altcoins, prohibitive as handling all  network transactions in a fast pace.....bitcoin won't develop n scale easy n fast...but that's good....

Litecoin will emerge to fullfill this gap, n will we see others more n more, like bitshares n omni.....but market price n legacy/ sustainable growth I can only see for btc n ltc n maybe another one for microtrasactions with a good global reach.

bitcoin is gold


People think that because BTC can function as a commodity.
But there is a problem with that concept.

BTC Utility
1. Crypto trading pairs
2. Crypto to Fiat Conversion
3. Payment system.

Gold has many more utility uses than BTC,
http://geology.com/minerals/gold/uses-of-gold.shtml
1. Jewelry
2. Electronics
3. Financial Store of Value
4. Dentistry
5. Medical Uses
6. Gold Awards & Status Symbols (Olympic Gold Metals)
7. Glassmaking

Gold has unique characteristics that make it better than almost all other metals.
So what happens when it's value fluctuates down, the other utility will use more of it and that will decrease supply and stabilize it value.
Where as if the Price of Gold goes higher , the industries use as little as possible, but they still have to use some as nothing else meets their requirements as well.

Now lets look at BTC Utility as a payment system,
To send $4 it costs me almost ~25 cents, and that is with the current BTC ~$600.
With LTC, I can send $4 and it cost less than 1 penny with LTC current price ~$4 per LTC,
LTC price could increase 20X up to  $80 per LTC and it would still be cheaper to send as LTC than BTC.
Meaning BTC will not be able to hold on to a Payment System as a utility.

CoinBase adding LTC has put the Nail in the Coffin for BTC, by adding a LTC to Fiat Gateway.
So BTC will also lose its crypto to fiat gateway conversion utility.

Leaving it only with a Crypto Trading Utility to keep it Solvent.
With it recent spike in price near the halving, many crypto coins were actually completely pushed out of the BTC pairing as they could no longer meet the price of 1 satochi.
Leaving those coins to only have LTC & Doge for their main pairings.
If the BTC price stays over $300, it loses those coins as a support matrix for its prices, and all of those satochi .

And here is the Rub,
Gold is physical and does not need a network of PoW ASICS miners to keep it running.
The underlying flaw in BTC, it's PoW miners have to make a profit to continue mining , but with all of the lost utilities uses their will not be enough transaction volume to keep them solvent.  Tongue
Just a matter of time, until this becomes reality and not conjecture.

 Cool
BTCLovingDude
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August 27, 2016, 04:28:50 AM
 #19

Just wondering why. Do you have a clue to that ?

because none of the altcoins are created to do that.
instead whenever someone starts a new altcoin project the only thing in his mind is the amount of money he can get out of it. so all the projects turn into pump and dumps and die after the dev moves on to the next project and more money.

besides when there is a good thing going on (with bitcoin) people will not look for a substitute.


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dballing
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August 27, 2016, 05:19:17 AM
 #20

bitcoin is gold....will always be......probably will have a prohibitive price to be used regularly, prohibitive transactions cost, prohibitive as a pair for altcoins, prohibitive as handling all  network transactions in a fast pace.....bitcoin won't develop n scale easy n fast...but that's good....

Litecoin will emerge to fullfill this gap, n will we see others more n more, like bitshares n omni.....but market price n legacy/ sustainable growth I can only see for btc n ltc n maybe another one for microtrasactions with a good global reach.

bitcoin is gold


People think that because BTC can function as a commodity.
But there is a problem with that concept.

BTC Utility
1. Crypto trading pairs
2. Crypto to Fiat Conversion
3. Payment system.

Gold has many more utility uses than BTC,
http://geology.com/minerals/gold/uses-of-gold.shtml
1. Jewelry
2. Electronics
3. Financial Store of Value
4. Dentistry
5. Medical Uses
6. Gold Awards & Status Symbols (Olympic Gold Metals)
7. Glassmaking

Gold has unique characteristics that make it better than almost all other metals.
So what happens when it's value fluctuates down, the other utility will use more of it and that will decrease supply and stabilize it value.
Where as if the Price of Gold goes higher , the industries use as little as possible, but they still have to use some as nothing else meets their requirements as well.

Now lets look at BTC Utility as a payment system,
To send $4 it costs me almost ~25 cents, and that is with the current BTC ~$600.
With LTC, I can send $4 and it cost less than 1 penny with LTC current price ~$4 per LTC,
LTC price could increase 20X up to  $80 per LTC and it would still be cheaper to send as LTC than BTC.
Meaning BTC will not be able to hold on to a Payment System as a utility.

CoinBase adding LTC has put the Nail in the Coffin for BTC, by adding a LTC to Fiat Gateway.
So BTC will also lose its crypto to fiat gateway conversion utility.

Leaving it only with a Crypto Trading Utility to keep it Solvent.
With it recent spike in price near the halving, many crypto coins were actually completely pushed out of the BTC pairing as they could no longer meet the price of 1 satochi.
Leaving those coins to only have LTC & Doge for their main pairings.
If the BTC price stays over $300, it loses those coins as a support matrix for its prices, and all of those satochi .

And here is the Rub,
Gold is physical and does not need a network of PoW ASICS miners to keep it running.
The underlying flaw in BTC, it's PoW miners have to make a profit to continue mining , but with all of the lost utilities uses their will not be enough transaction volume to keep them solvent.  Tongue
Just a matter of time, until this becomes reality and not conjecture.

 Cool

Stop being logical and chase the next PnD good sir. There's a reason Coinbase was holding off on adding LTC for so long... Brian couldn't get his way with Bitcoin Classic so this is another fuck you to the BTC community after the ETH/ETC thing blew up in his face... ROFL!

Exciting times ahead and people will be blown away by what unfolds in the next 6 months.
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