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Author Topic: What is the Best coin? Wrong question??  (Read 201 times)
amaral1977
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October 08, 2017, 08:54:49 AM
 #1

I was looking at an inflamed topic on a local facebook BTC board about a particular alt. And people had various answers. What i´m beggining to believe for the sake of valuable discussions is the question is not right. When we discuss alts or other coins we should make clear what our point and goal is. are we looking at alts as speculative assets to take a more or less quick buck? or are we talking about alts because we still share a dream of a disruptive technology that could deviate the course of history a little bit? I see all the answers focusing on the trading potential of the coins and less and less discussion on their adoption in the true economy.

So what coins do you see being widely used for everyday porpuses? any of the current coins as we now them will be used to pay for a coffee in the more or less near future?

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October 08, 2017, 09:16:45 AM
 #2

Bitcoin is the most widely used crypto and is accepted widely almost everywhere online now. Other altcoins like Ethereum and Zcash are being used to trade and people are also mining them. That is why you will read a lot of news in facebook or any other social media about the main coins. The best coin remains bitcoin, both in value as it is above 4000 dollars and both in acceptance.

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October 08, 2017, 09:20:59 AM
 #3

Bitcoin was a disruptive technology, none of the alt-coins come anywhere near to offering a new and novel idea. Most of the tech companies out there are concentrating on bitcoin as it has reached mainstream exposure and developers are spending all their effort on this coin. I don't see anything apart from bitcoin being used on many sites so you are wasting your time and money on others.

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October 08, 2017, 09:24:01 AM
 #4

You will get different answers to your question. I dont think there is a best coin, It is more like, different coins are best suited to different problems. So it depends on what you are looking for. For example,some folks are in for the technology, while others are looking to make profits off their investments.

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October 08, 2017, 10:38:08 AM
 #5

I was looking at an inflamed topic on a local facebook BTC board about a particular alt. And people had various answers. What i´m beggining to believe for the sake of valuable discussions is the question is not right. When we discuss alts or other coins we should make clear what our point and goal is. are we looking at alts as speculative assets to take a more or less quick buck? or are we talking about alts because we still share a dream of a disruptive technology that could deviate the course of history a little bit? I see all the answers focusing on the trading potential of the coins and less and less discussion on their adoption in the true economy.

So what coins do you see being widely used for everyday porpuses? any of the current coins as we now them will be used to pay for a coffee in the more or less near future?
The best coin is just a matter of perspectives. If you're basis is just the market value, Bitcoin will be the answer since it has the largest market value among all coins. Altcoins are well-known for short term investment, and that is where it is best at. The most widely used coin I think is Bitcoin and its huge community proves it that gives Bitcoin, a high market demand that positively affects its market price.


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amaral1977
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October 08, 2017, 11:51:27 AM
 #6

Bitcoin is the most widely used crypto and is accepted widely almost everywhere online now. Other altcoins like Ethereum and Zcash are being used to trade and people are also mining them. That is why you will read a lot of news in facebook or any other social media about the main coins. The best coin remains bitcoin, both in value as it is above 4000 dollars and both in acceptance.

This is very truth. But has wide acceptance currency BTC has several flaws. It is not fungible, the transactions aren´t fast, they are starting to be costly. so i see people using it to store value and to speculate on exchanges but not to buy everyday goods.

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amaral1977
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October 08, 2017, 11:53:39 AM
 #7

Bitcoin was a disruptive technology, none of the alt-coins come anywhere near to offering a new and novel idea. Most of the tech companies out there are concentrating on bitcoin as it has reached mainstream exposure and developers are spending all their effort on this coin. I don't see anything apart from bitcoin being used on many sites so you are wasting your time and money on others.

Don´t you think the privacy and fungibility issues around BTC with the exposure os some darknet markets will turn people away from BTC? or the fact that it leaves those markets will not taint BTC as money laundry currency or criminal activity currency and will bring people to BTC is a wider scale?

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October 08, 2017, 11:58:43 AM
 #8

I was looking at an inflamed topic on a local facebook BTC board about a particular alt. And people had various answers. What i´m beggining to believe for the sake of valuable discussions is the question is not right. When we discuss alts or other coins we should make clear what our point and goal is. are we looking at alts as speculative assets to take a more or less quick buck? or are we talking about alts because we still share a dream of a disruptive technology that could deviate the course of history a little bit? I see all the answers focusing on the trading potential of the coins and less and less discussion on their adoption in the true economy.

So what coins do you see being widely used for everyday porpuses? any of the current coins as we now them will be used to pay for a coffee in the more or less near future?

I think your questions answer lists in the TenX and Social-Nexus projects. These two are the one who have created the currency just the way you are speculating here. They want it to be used as real economy stuff and that's why TenX created a bitcoin debit card which can spend the money directly from the blockchain to the merchant payment terminal. Besides this social nexus is platform to get together in the similar way to Facebook but here businesses are promoted same like friend circle. They have the social coin which can be used to buy the services and products and thus achieves what we are dreaming about the coins.

   

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October 08, 2017, 12:14:09 PM
 #9

No coins will soon be used in everyday life. It does not depend on the ban of the government. People do not want to waste your coins. Everyone wants to capitalize on the rising prices and therefore bitcoin is currently not in currency. The transaction cost is higher than the cost of a Cup of coffee so no one will pay coins even if such proposals will be. What to do if the transaction is delayed? You will wait a few hours of receipt of payment? Lol. To return a transaction is also not possible.
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October 08, 2017, 02:16:40 PM
 #10

There are no coins yet that are widely used or accepted in the different places in your country and that is for sure unless you are living in Japan. If you really want to enjoy the benefits of the cryptocurrencies like using it to buy coffees or stuffs that you like or want then you need a lot of time  to wait in order to just your cryptocurrencies because they are still into the process of convincing the people.
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October 08, 2017, 02:24:13 PM
 #11

for me bitcoin is still the best coin.
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October 08, 2017, 02:33:50 PM
 #12

I think you put the wrong question. Can't be better or worse than coins. Most importantly how much profit at the moment, the coin can get for you. Today it may be one coin, tomorrow another. For long-term investment is better suited to bitcoin. He now has a great chance to become legal currency and it will add to his price.
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October 08, 2017, 03:12:10 PM
 #13

Almost all of the coins now aren't being used for everyday purposes, except maybe those coins made for gambling/betting. Even bitcoin is rarely used for every purposes, it would still take years for cryptocurrencies to be accepted for everyday purchases. Right now, trading is the main reason people use crypto.
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October 08, 2017, 03:55:46 PM
 #14

I was looking at an inflamed topic on a local facebook BTC board about a particular alt. And people had various answers. What i´m beggining to believe for the sake of valuable discussions is the question is not right. When we discuss alts or other coins we should make clear what our point and goal is. are we looking at alts as speculative assets to take a more or less quick buck? or are we talking about alts because we still share a dream of a disruptive technology that could deviate the course of history a little bit? I see all the answers focusing on the trading potential of the coins and less and less discussion on their adoption in the true economy.

So what coins do you see being widely used for everyday porpuses? any of the current coins as we now them will be used to pay for a coffee in the more or less near future?

Because most of the people are seeing cryptocurrencies as an investment and don't really care about the ideology behind and the purpose. People are mainly looking for quick profits and don't really care about anything else.
Someone may choose X or Y because it is performing amazingly this recent day (someone looking for profits as I said) Another one may prefer A or B for the feature it has. For example, someone may prefer Monero or Zencash because he thinks anonymity is what is important in cryptos and those two altcoins provide it better than Bitcoin.

Most of the cryptocurrencies have different purposes and target different types of person.

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October 09, 2017, 02:52:59 PM
 #15

"best" on what? Transaction time? Availability? Fees?
BTC has the highest adoption currently, which makes it safer than the rest (by no means a save investment though, it's quite risky)
XRP has many ties with financial institutions in Japan, which makes it the most integrated coin
ETH is the best platform coin for decentralized dapps

etc. etc.
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October 09, 2017, 03:36:09 PM
 #16

Each coin has its own role so that the coin is the best in its field. Like bitcoin which is the best currency as a coin that is often the exchange rate or as a reference among other coins.

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October 09, 2017, 03:38:38 PM
 #17

I was looking at an inflamed topic on a local facebook BTC board about a particular alt. And people had various answers. What i´m beggining to believe for the sake of valuable discussions is the question is not right. When we discuss alts or other coins we should make clear what our point and goal is. are we looking at alts as speculative assets to take a more or less quick buck? or are we talking about alts because we still share a dream of a disruptive technology that could deviate the course of history a little bit? I see all the answers focusing on the trading potential of the coins and less and less discussion on their adoption in the true economy.

So what coins do you see being widely used for everyday porpuses? any of the current coins as we now them will be used to pay for a coffee in the more or less near future?
We'll that's the problem right there. Too many people just come into the crypto space with the intentions of making big amount of money. In reality they couldn't care less. If they invested in a certain alt they will speculate it to the moon and back only to dump it when they're satisfied with the profit they've made.
I have to admit, I also wanted to make money when I first got into bitcoin but I learned more about the underlying technology and got to appreciate it.
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