Why isn't there an Altcoin capable of overtaking Bitcoin ?

[cheapcoin]

Simple, bitcoin is the prototype of cryptocurrency, maybe one day in 2050, eth or anohter altcoin will replace bitcoin, like motorola's(motorola is the prototype of mibile phone) failure.

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[kiklo]

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.

 


 

[asevastos]

It is not something that will happen overnight.
The decline in bitcoin's market share,though,is pretty much linear(albeit choppy)



source: coinmarketcap

[generalizethis]

It is not something that will happen overnight.
The decline in bitcoin's market share,though,is pretty much linear(albeit choppy)



source: coinmarketcap

It was in the 90s in total market cap of all cc when I got here, and now it is consistently in the low 80s (and that's with a halving) so maybe remittance is the one trick it can do--do you need trust for that or low-fees+fast-transactions?

[dballing]

This is hilarious! Are we in the alt section again on BTCtalk conspiring to run a coup d'etat on Bitcoin? ROFL!

[generalizethis]

This is hilarious! Are we in the alt section again on BTCtalk conspiring to run a coup d'etat on Bitcoin? ROFL!

While I'll be the first to admit that I'm nearly wrong about everything, and therefore probably right about one thing, laughing the numbers off won't give you a proper risk assessment.

[jacafbiz]

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.

Well said, but fiat exchange will also exist do you think, Bitcoin was design as  a way out of fiat

[kiklo]

Well said, but fiat exchange will also exist do you think, Bitcoin was design as  a way out of fiat

Read this article written in 1988
https://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/

WARNING! COMING SOON TO A BANK NEAR YOU - A CASHLESS SOCIETY
By Marilyn MacGruder Barnewall
http://www.newswithviews.com/Barnewall/marilyn224.htm


 

[Spoetnik]

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.

I meant TRUE REAL innovation..

Bitcoin show cased a new idea.. THE BLOCK CHAIN

What has happened since ? ..more block chains.
Altcoinz ? = ALL OF THEM CRYING WE AR TEH INNOOVATORZ !!!111111

The scene is full of short sighted idiots.

Why must a "coin" have a block-chain to begin with ?
Like we are not dealing with very bright people..
They see Bitcoin and fire off a "me-too coin"
Wanna speculate why there isn't one better ?
No one made one  

Nor are they even trying !!

The fact that ICO's even exist at all is crystal clear proof of it.
Each ICO is just another spit on Satoshi's face.
They are a step down / in-reverse of actual innovation.
Which is what the OP asked about..

Until you all get that through your greedy SHORT SIGHTED profiteer heads do NOT expect
ANY Altcoin to ever accomplish anything.

And don't forget shit talking shills might as well all be talking to them selves
because planet earth could not care less what they "say"
Earth forms it's own opinion and it is LAW !
They have watched for 7 years and they have their opinions period /.

I seen a commercial long ago that sums it up.
It showed a million people all shouting in little cubicles covering their ears.
That is all i see with the bullshit moronic talk that permeates this board section.
All in vain..

[kiklo]

I meant TRUE REAL innovation..
You will only see a small amount of innovation from a product creation date,  until the next AHA moment, and then the majority will update to it.
The innovated product was the blockchain.
However it is the same as any product ,
Takes computers, We used Punch Cards for years , until finally the Keyboard & Mouse came along.
Now ~25 years later, we are finally moving to direct voice control and hand gestures.
Once the main innovation is created , expect the next major one to be years even decades before the next increase.

Peercoin Proof of Stake is an innovation, although many want to argue against it.
Even Monero ring signature is innovated, personally no interest in it , but I would never deny it is an innovation.

The main thing right now is newer coins are able to handle a Greater Transactions Load at a higher speed and at a lower cost.
(Just like someone buying a computer or new smart phone every 3 years, does the old one still work , Yes it Does, but the Newer ones can do the same thing much Faster)

The next revelations are economic , which coin allows me to accomplish the same service at a Faster Speed and a Cheaper Price.
LTC is Cheaper & Faster & Now with Coinbase can complete as a Crypto to Fiat Gateway.

BTC is getting Slower by the Day.

BTC is has taken +60min to make ONE block today ... it can not function as the one and all purpose coin ... it is nearly 100% certain that the transactions will overflow into the current established 'alts'.

 

FYI:
Saying an ALTcoin will never replace BTC,
is the same as saying that a New Dell PC will never replace your Commodore 64.  

[densuj]

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

In my opinion because bitcoin is more older than another coins and it becomes currency pairs on markets altcoins, if there are coins who has good innovations i think they can be overtaking bitcoin. Although it will be hard for doing because need time and seriousness. And if developer of ETH has seriousness, maybe ETH is candidate for overtaking bitcoin.

[Spoetnik]

I don't think you all know what innovation means.

[kiklo]

I don't think you all know what innovation means.

in·no·va·tion   
noun: innovation
    synonyms:   change, alteration, revolution, upheaval, transformation, metamorphosis, breakthrough; More
    new measures, new methods, modernization, novelty, newness;
    creativity, originality, ingenuity, inspiration, inventiveness;
    informala shake up
    "no appliance manufacturer can survive without an ongoing commitment to innovation"
    a new method, idea, product, etc.
     

 

[bitcoinslave]

I don't think you all know what innovation means.

FOR 99.9% A fancy tech  , I suppose

for me a working solution for some problem that people will need that it's no fullfilled.    I hope make some money from it.

[anonbit992]

Overtaking bitcoin is never an easy task for any altcoins even when they make many claims. The first thing bitcoin enjoys over the altcoins is the massive first mover advantage it has. Due to this factor, bitcoin was able to gather the support and attention of many investors and users. This is enough to keep bitcoin running and stay on the top.

The same investors and early adopters can manipulate the entire world to adopt and consider bitcoin as the king of cryptoland. There ain't no thing we can do about it. You can say start using LTC, ETH and ditch bitcoins, promote to your friends and all, but bitcoin is bitcoin.

Please don't misunderstand me, I am a fan of bitcoin and I support other altcoins such as LTC, ETH,  NXT, etc. But I just want to throw light at the real situation without getting biased.

[electronicash]

It would be hard for an altcoin to overtake bitcoin for the rest of the world are all watching which coin can it be and the whales will start to milk from it before it could even rise. They buy dump, and buy back and then dump..it will cycle until it can't grow.

[hajimasan]

in my opinion about all the other digital currency are indirectly depends upon the peice of bitcoins . the set their rates in terms of bitcoins.  the better example is doge . since we can camapare the strenght of ether to bitcoins but i think it is also indirectly depwnd upon btc .

[morantis]

the only coin that could even touch Bitcoin would be one that more closely matched the even dollar values.  with BTC at $600-700, that means that a real FIAT to BTC change in the real world marketplaces and acceptance by a majority would have to see BTC used and expressed in Bits, which I believe is the 0.001 division, otherwise the numbers would be too confusing for people.  0.00075 BTC for a gallon of milk or 40000 Satoshis?  For that initial switch to go well, a coin like LTC, well established and closer to the even exchange rate might make a good show against BTC.

[iamnotback]

Re: Why isn't there an Altcoin capable of overtaking Bitcoin ?

Because no coin has yet gained minimum economy-of-scale of network efforts:

The [chicken or egg dilemma] onboarding problem that every crypto has is the same. They can't get many users until they have many users.

[Nobitcoin]

With the abundance of Altcoins available people find it hard to stick to just one and rather pump and dump. There's still room for a Doge esq coin or maybe a POS coin but those depend on how many investors are involved and commitment.