which currency is good as bitcoin??

[dinofelis]

I am new here, and i want to hear your opinion, ideas and advice. Thanks

Depends on what you want the currency for.  You have to know that apart from playing in a casino that is a zero-sum game based upon "greater fool theory", crypto currencies are not so much used.

What people around here call "crypto investors" are nothing else but scammers that try to find other would-be scammers that they can rip off.  This is why they look for "crypto currency adoption", because that is, to them, an influx of more sheeple to scam, that is, to sell them crypto tokens at a higher price than they bought it themselves.

For instance, someone who spend $10 on the possession of 100 bitcoin in 2011 or so, and sells it to a newcomer who will pay him 60 000 $ for those same 100 coins, has been playing "greater fool theory" with success and scammed the newcomer.  That newcomer will not complain, because that newcomer is hoping to re-sell these same 100 coins in a few years for, say $200 000, to a still greater fool.  The last layer of fools will have coughed up the whole benefit of his predecessors: that's grossly what "market cap" measures.  At this moment, for bitcoin, it is around $ 10 billion, which means that the current bitcoin buyers grossly have coughed up $ 10 billion to make early adopters rich (this is not true, market cap overestimates that amount, because of dormant accounts and the lack of circulation of bitcoin).
So if tomorrow, bitcoin collapsed, the last row of bitcoin holders are the guys and girls who where the victims of all those making profit on "bitcoin investing".

Altcoins are the same.

This is the biggest usage of bitcoin and altcoins: gambling in greater fool theory.  Most of this doesn't happen on the block chain, but on the web sites of exchanges, and the block chain doesn't even have to exist in a certain way, to play this game.  It is sufficient to have virtual tokens on exchanges, and gamble with them between peer gamblers (sorry, investors).

But there are other usages.   They are very minor.

The most important secondary usage, is as a currency.  To buy stuff over the internet with, on official sites, or on dark markets.  This was the original purpose of bitcoin, but I think it is only a minor part of the transactions.

Another usage is smart contracts.  Ethereum is the best known coin here.  But there also, the use of ethereum for smart contracts is essentially negligible as compared to the gambling of ethereum tokens in exchange-casinos.

Several other coins exist.  Monero is a currency, similar to bitcoin, but making the successive transactions cryptographically difficult to track.   Steem is a currency with which you can vote on blog articles.  Litecoin has about the same currency function as bitcoin.

But most coins are not used much, apart from betting tokens in the greater fool casino game.

So to answer your question, one should know what you want to do with it.  Buy stuff on the internet ?  Make deals with other people ?  Hide your expenses ?

[Estomid]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

[TravisNeko]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Yes I agree about this fact, Zcash is doing great these days so I think it also has a good future and that it can become more used and more popular.

[jeffthebaker]

USD, Euro, Yuan, etc. etc.

Oh, you meant crypto? None. They are killed shitcoins for a reason. Bitcoin is the only one with long term value.

[rokkyroad]

Bitcoin is the only true cryptocurrency.  Altcoins are a smokescreen hiding a bunch of muggers waiting to get their mitts on your bitcoin.

[dinofelis]

Bitcoin is the only true cryptocurrency. 

I don't know why people say so.  Bitcoin is the first cryptocurrency, and yes, because of its mysterious creator that has disappeared (and is maybe dead by now), and because it was the first of which nobody could know that it would ever take on some value, it has the great advantage of being mostly free of the suspicion of "designed to rip you off".  So yes, bitcoin is probably the sole crypto currency of which there is no suspicion of scam (if the Satoshi addresses are never used).  Also, because the crypto scene is still young, bitcoin being the oldest, it also has the highest market cap, and the biggest quantity of proof of work.

But on the other hand, bitcoin being the first crypto, it has the worst technology.  It failed *miserably* at being distributed concerning mining (because of the naive PoW scheme and the ASICS with their entrance threshold and their economies of scale), and it also failed concerning privacy.  It has a terrible emission scheme, with halving shocks.  It has too long block times.  And it has other problems with its finite supply, its hard block size limit.  In other words, bitcoin is a very very well succeeded prototype.  It did get amazingly many things right from the start, but it also ran into problems which have found solutions in altcoins.

What is great about bitcoin is its distribution, exactly because of the "no initial scam" suspicion.  But what's bad about it are several technical and economical aspects, which are however now part of the "frozen-in consensus".

I think that the main problem with altcoins is not so much their often improved technology (on the contrary) but the fact that they *start anew*.  I think that a successful alt coin shouldn't start with a new genesis block, a new emission scheme, and hence (now) a suspicion of scam and get rich scheme by the devs/investors, but should be a FORK of bitcoin, where the current bitcoin distribution is taken as the initial coin distribution of the new coin.

There wouldn't be any suspicion of "initial scam" in such an approach.

[machinek20]

No alt coin is as good as bitcoin, because there are too many coins that appear And there are not enough user to used it, so the price become unstable, there were some coins claims to be replacing bitcoin but until now nothing is as good as bitcoin

[kiklo]

In my opinion ZEIT is Better than BTC.

Reasons why
ZEIT is Decentralized, BTC lost that when the Chinese mining pools went over 51%.

The Value of ZEIT  is in the coin , the value of BTC is in the ASICS.
So when someone sells their ZEIT, they decrease their future earning capacity, when Chinese Miners sell BTC , they keep their ASICS and control over BTC.

BTC takes 10 minutes (if not overloaded) , to find a new block,
At ZEIT  we find a new block ~ every 30 seconds, complete confirmation 4 blocks deep in only 2 minutes.

Hold BTC for 30 days and you only have the amount you started with.
Hold ZEIT for 30 days and have the amount you started with, Plus the interest on that amount. (Staking Reward)


BTC PoW mining is a waste of computational & energy resources,

ZEIT PoS is energy efficient and does not require constantly buying new ASICS to keep competitive.
 



 

[senyorito123]

At the moment for me no crypto is good alternative with bitcoins since in my country altcoins are pretty unknown to anybody and bitcoins is the only one who we can exchange to cold cash without hassle, thats the reason i don't bother to hold any potential coins and basically exchange them to bitcoin since don't trust their price stableness unlike bitcoins that we can make sure that we are on safe side since bitcoin is well establish cryptocurrency

[Harry Callahan]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Zcash is just a hype train and it will go down hard pretty soon,they are just pumping it hard and the amount of time and money they paid for advertisement is paying off,things will settle down soon

[robelneo]

All the other coins are litecoin or bitcone clone,so I would say bitcoin has no competition,there are some other crypto currency that came and will come out to challenge bitcoin,but they all failed and will fail.

[legdunes]

There is no crypto as good as Bitcoin. Simple.

[olubams]

In all sincerity from my own point of view, I dont think there is any Crypto currency that is as good as Bitcoin as at this very moment. I dont know anything about the future. Because we've had enough 'the best this", "the best that" and at the end they just still queue behind Bitcoin and even all other coins coming into the crpto world are even traded against the Bitcoin to know their real value. This alone has actually put Bitcoin ahead of all of them...

[CasioK]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

Yes I agree about this fact, Zcash is doing great these days so I think it also has a good future and that it can become more used and more popular.

Please tell me one reason why you think Zcash has a future ?
I think the price has been constantly going down even as the coin is very new. I think better would be to invest in BURSTcoin since it has innovative HDD mining which I see having a good future. More and more people will use it in future, I am sure.

[Zadicar]

I dont   think   any altcoin which  is  good as  bitcoin  as  of these  days  i see  no one   could  able to compete   with it , infact  people   still  use   bitcoin   above all those  altcoin  do exist today and  all  of them  rely  on  bitcoin itself because  its the   main  crypto  or father  of  crypto currency. I do  see  some Good alts  too like ETH,ETC many to mention.

[justdimin]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

ZCash is one coin I will NEVER advice anyone to buy .. because the price is expected to go lower and lower as the people mine and sell it. It started with 50 bitcoins and now its around 1 BTC ( well, might be less or more since its price fluctuates too quickly ).

[JeffBrad12]

In the last few days, the coin is almost as good as bitcoin just appeared. It is the ZCash, it is more expensive.

ZCash is one coin I will NEVER advice anyone to buy .. because the price is expected to go lower and lower as the people mine and sell it. It started with 50 bitcoins and now its around 1 BTC ( well, might be less or more since its price fluctuates too quickly ).

No, it's will better things if zcash are starting from 50btc but it's started by 3500btc in the first hour of sale, and looks like getting decrease over 1000000%..... I thought will get another decrease again, but in this time the little pump has happened for increasing the demand of zcash again. more expensive it's not mean it's better.

[2Pac]

Bitcoin's only missing part was micro payments but after Segwit and Lightning Network that missing part is completed. Now any other currency is as good as Bitcoin but you can still use some altcoins such as XMR, DOGE, LTC for various reasons.

[kiklo]

Bitcoin's only missing part was micro payments but after Segwit and Lightning Network that missing part is completed. Now any other currency is as good as Bitcoin but you can still use some altcoins such as XMR, DOGE, LTC for various reasons.

 
https://bitcoinmagazine.com/articles/here-s-how-bitcoin-s-lightning-network-could-fail-1467736127

The Lightning Network’s Failure Mode

The Lightning Network failure scenario described by Todd, takes place when a large number of people on the Bitcoin network need to settle their Lightning Network disputes on the blockchain in a relatively short period of time.

“We do have a failure mode which is: Imagine a whole bunch of these [settlements] have to happen at once,” Todd explained. “There’s only so much data that can go through the bitcoin network and if we had a large number of Lightning channels get closed out very rapidly, how are we going to get them all confirmed? At some point, you run out of capacity.”

In a scenario where a large number of people need to settle their Lightning contracts on the blockchain, the price for doing so could increase substantially as the available space in bitcoin blocks becomes sparse. “At some point some people start losing out because the cost is just higher than what they can afford,” Todd said. “If you have a very large percentage of the network using Lightning, potentially this cost is very high. Potentially, we could get this mass outbreak of failure.”

 

[Ayers]

In my opinion ZEIT is Better than BTC.

Reasons why
ZEIT is Decentralized, BTC lost that when the Chinese mining pools went over 51%.

The Value of ZEIT  is in the coin , the value of BTC is in the ASICS.
So when someone sells their ZEIT, they decrease their future earning capacity, when Chinese Miners sell BTC , they keep their ASICS and control over BTC.

BTC takes 10 minutes (if not overloaded) , to find a new block,
At ZEIT  we find a new block ~ every 30 seconds, complete confirmation 4 blocks deep in only 2 minutes.

Hold BTC for 30 days and you only have the amount you started with.
Hold ZEIT for 30 days and have the amount you started with, Plus the interest on that amount. (Staking Reward)


BTC PoW mining is a waste of computational & energy resources,

ZEIT PoS is energy efficient and does not require constantly buying new ASICS to keep competitive.
 



 

if you mean that zeit is decentralized in the mining because there are no asic, this is only because this coin zeit, is not valuable enough to build an asic it, to the contrary bitcoin is worth billion, so it is more centralized, bitcoin also take 10 mean for a reason, to avoid orphan block

and come on stacking is bad, everyone know it, the richer just get richer, the only way is pow at the moment