Bitcoin Forum
May 03, 2024, 03:38:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: ALT coins are a mechanisim to suck out earlier adopter BTC value  (Read 1600 times)
jubalix (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
May 01, 2013, 11:40:50 PM
Last edit: May 02, 2013, 03:18:38 AM by jubalix
 #1

ALT coins are a mechanism to suck out earlier adopter BTC value, and following this you see the resources allocated, and more importantly the user base that comes with it. The dedicated, invested user base is the most powerful aspect of a coin, as BTC gets harder to mine, it may attract less dedicated user-base. FTC/LTC will for some time be open to non asics. But they will be knocked off by a cpu/mobile miner only coin

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
1714707492
Hero Member
*
Offline Offline

Posts: 1714707492

View Profile Personal Message (Offline)

Ignore
1714707492
Reply with quote  #2

1714707492
Report to moderator
1714707492
Hero Member
*
Offline Offline

Posts: 1714707492

View Profile Personal Message (Offline)

Ignore
1714707492
Reply with quote  #2

1714707492
Report to moderator
1714707492
Hero Member
*
Offline Offline

Posts: 1714707492

View Profile Personal Message (Offline)

Ignore
1714707492
Reply with quote  #2

1714707492
Report to moderator
Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714707492
Hero Member
*
Offline Offline

Posts: 1714707492

View Profile Personal Message (Offline)

Ignore
1714707492
Reply with quote  #2

1714707492
Report to moderator
zoinky
Hero Member
*****
Offline Offline

Activity: 811
Merit: 1000


Web Developer


View Profile
May 01, 2013, 11:43:05 PM
 #2

In the end it comes down to vendor acceptance.  Let the best coin win.
Le Happy Merchant
Hero Member
*****
Offline Offline

Activity: 634
Merit: 500



View Profile
May 01, 2013, 11:44:04 PM
 #3

Didn't you already make this thread? This argument is moot.

SlickMcFavorite
Newbie
*
Offline Offline

Activity: 44
Merit: 0


View Profile
May 02, 2013, 12:14:35 AM
 #4

Moot doesn't mean what you think it means

http://dictionary.reference.com/browse/moot
jubalix (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
May 02, 2013, 12:20:02 AM
Last edit: May 02, 2013, 02:59:20 AM by jubalix
 #5

Didn't you already make this thread? This argument is moot.

you mean that other thread.....not that more on hash power and thats no me

I did however post another thread that suggest the final fall of the card will be total market penetration of CC, divided up by market share of each.

But this is  more aggressive argument, I am asserting atls are actually a way to suck out value from early BTC adopters, and that's thier driving force right now

The only thing is, it's only the first few on each chain that get this real benefit, so the cycle will continue, and the winner will be the coin with the wides support, thus likely a mobile coin solution of some sort

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
bitcon
Legendary
*
Offline Offline

Activity: 2212
Merit: 1008


View Profile
May 02, 2013, 12:26:21 AM
 #6

Didn't you already make this thread? This argument is moot.

The only thing is, it only the fist few on each chain that get this real benefit, so the cycle will continue, and the winner will be the coin with the wides support, thus likely a mobile coin solution of some sort

but i can already trade bitcoins using my mobile phone.
Le Happy Merchant
Hero Member
*****
Offline Offline

Activity: 634
Merit: 500



View Profile
May 02, 2013, 02:18:19 AM
 #7

Moot doesn't mean what you think it means

http://dictionary.reference.com/browse/moot

No, I meant what I said.

jubalix (OP)
Legendary
*
Offline Offline

Activity: 2618
Merit: 1022


View Profile WWW
May 02, 2013, 02:59:44 AM
 #8

Didn't you already make this thread? This argument is moot.

The only thing is, it only the fist few on each chain that get this real benefit, so the cycle will continue, and the winner will be the coin with the wides support, thus likely a mobile coin solution of some sort

but i can already trade bitcoins using my mobile phone.

i mean, mine on a mobile!!!!

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
cbeast
Donator
Legendary
*
Offline Offline

Activity: 1736
Merit: 1006

Let's talk governance, lipstick, and pigs.


View Profile
May 02, 2013, 03:26:25 AM
 #9

With every new alt coin that comes out, it makes people realize how valuable the original Bitcoin is.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!