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Author Topic: Why isn't there an Altcoin capable of overtaking Bitcoin ?  (Read 2014 times)
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September 03, 2016, 05:55:59 AM
 #41

I can see it happening.  The blockchain is getting longer and longer. That, Coupled with the ability to trace bitcoin transactions, and its vulnerability to 51% attacks.

Bitcoin was a revolutionary piece of technology.  It will reign for years.  But an altcoin reaching parity, and eventually taking over, is not a far fetched idea.
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September 03, 2016, 02:12:52 PM
 #42

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.

This is probably the best answer,people are comfortable on developers that will troubleshoot any problems that might occur and I think Bitcoin has all features to always stay on top...

Remember they have reported hundreds of times in the past but they always come back stronger than before..

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September 03, 2016, 03:33:12 PM
 #43

New Economy Monero (NEM) has a chance.
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September 03, 2016, 04:11:47 PM
 #44

Well for me, since every altcoin is dependent on bitcoin in terms of pricing, it's hard to really defeat just that. Also, since bitcoin is the first cryptocurrency that has reached the general public (and it is the most well known too), others would need to have an impressive media appearance first so that the public would lend some ears to that said crypto and give it a chance. Til then, I don't think others would listen to jargon and other techy stuff about a certain altcoin.

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September 03, 2016, 04:29:31 PM
 #45

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



source: coinmarketcap


Now down to 80% share, Bitcoin's demise is almost a certainty:

(1) BTC is controlled by a cartel of probably < 10 Chinese businessmen (mining, ASIIs)...
The Chinese government could take out Bitcoin in 24 hours and no one would care...
The way the Hong Kong authorities allowed Bitfinex to swindle it's Customers tells you a lot.

(2) The 2016 block time standard is Graphene's 3 seconds (BTS, STEEM, others)...
This is very close to "real-time" processing required to do anything interesting on the web...
Frankly, I totally dread firing up Bitcoin and dealing with 10 minute blocks and $2.00 fees

(3) BTC is worth less than it was 3 years ago, that's a pathetic fact...
In tech, once something stops growing exponentially it's pretty much game over.

(4) Bitcoin has failed to go mainstream and is not even "hip" anymore.

(5) Bitcoin's organized culture of hate/greed which was totally exposed during ETH's recent troubles...
Is clearly holding back the advance of crypto in general (even more than the herd of scam artists here).


The crypto space is very dynamic and there will be big surprises in the next 2 years...
The opinions and polls here always support the status quo and have been dead wrong year after year.


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September 03, 2016, 06:30:41 PM
 #46

(5) Bitcoin's organized culture of hate/greed...

and the alt space doesn't have this? woah. someone must be piping a different internet into my computer because there seems to be enough of this to go around for every coin.

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September 03, 2016, 09:09:59 PM
 #47

Thanks for your questions  but i think  there is up coming coin which  has the the same code base with bitcoin.
VirtaCoin is a decentralized crypto-currency, like bitcoin. In fact, it is based on the Bitcoin Codebase, so it works almost exactly like bitcoin.
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September 03, 2016, 11:42:23 PM
 #48

I don't think you all know what innovation means.
Oh dear Allah you really are a worse Spoetniktard than we all first thought:

https://medium.com/swarm-nyc/being-first-to-market-doesnt-mean-success-81648df045df#.fr938fcrr


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