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farhaan
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November 21, 2017, 06:06:49 PM |
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Really??? This is the first time i'm hearing this.I would say that whoever had tried to create crypto coin earlier,but it was satoshi who gave bitcoin life.He has created bitcoin in such a way that till now,banks and governments are struggling to stop bitcoin's progress.I would say that bitcoin is the pioneer in crypto currency world and it would remain as the king for a long period.
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scottykarate
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November 21, 2017, 06:09:18 PM |
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Call it whatever you want, shill. it is THE powerhouse and THE major crypto now.
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coolcoinz
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November 21, 2017, 06:16:25 PM |
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.Someone had the bright idea of putting money onto the new-fangled smartcards that were then being trialed, and so electronic cash was born. That's not a cryptocurrency! The guy that wrote this article claims that Bitcoin wasn't the first because there were prepaid cards that functioned like money before it. That's really something new, nobody knew there were phone cards that people used to trade when they had no money, nobody heard of debit cards and other prepaid gift cards...  :D It's time the author woke up and stopped comparing all those things to a cryptocurrency because they are not the same thing. A token you can exchange for money is nothing like a decentralized payment system with secure, encrypted transactions visible online for every user! |
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Xavofat
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November 21, 2017, 06:20:45 PM |
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There was no known decentralised cryptocurrency at the time that Bitcoin was created. The article mentions the previous groups' "offices being raided" - they were centralised systems.
Furthermore, altcoin was not a known term at the time of Bitcoin's creation - it was created specifically to mean a coin other than Bitcoin because Bitcoin was the only major cryptocurrency for a while. Bitcoin cannot be an altcoin when altcoin is primarily intended to mean an alternative to Bitcoin.
Even if this were the case, there is no guarantee that the past predicts the future.
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1inside1
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November 21, 2017, 06:25:40 PM |
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I don't feel that bitcoin is an altcoin, but you can call it whatever you want, but you can't really deny that it's the main cryptocurrency that's being used by a lot of people. You also can't deny that most people would think of either bitcoin or draw a blank if they were asked to name a cryptocurrency.
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mrcash02
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November 21, 2017, 06:27:02 PM |
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The point is: These early technologies didn't bring the advantages people were searching for, the decentralization and the debureaucratization of the financial system. Surely those technologies were very helpful on that time, but since some time ago we had been waiting for something new that could bring more accessibility and then Bitcoin appeared, totally different from "Digital Cash" and "Web Based Money" as we knew. Bitcoin is surely unic and original, not an AltCoin.
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suvo05
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November 21, 2017, 06:33:40 PM |
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I never heard this before . Maybe there were some projects but does they still exists? Bitcoin is the only cryptocurrency which have gain so much popularity and all of the people related to the crypto market know bitcoin as the first ever cryptocoin. So bitcoin is bitcoin all others are altcoins.
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tiggytomb
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November 21, 2017, 06:36:56 PM |
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Rubbish, bitcoin is the coin and all coins after bitcoin are alts, even if there was something similar before bitcoin it didn't work and we would still see bitcoin as the first.
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scottykarate
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November 21, 2017, 06:42:47 PM |
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He's just a troll and a shill just like I've said. I've invited him to reply to my topic here https://bitcointalk.org/index.php?topic=2437495.msg24968165#msg24968165, which he has ignored and hasn't addressed any of my other questions. He just cherry picks whenever anyone challenges him and throws in a few replies about people basically being stupid and gullible. He's an empty can and definitely rattling the most! Fortunately, people see through the facade. |
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Mr.cryptos
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BEST BOUNTY MANAGEMENT. 10+ BOUNTIES MANAGED
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November 21, 2017, 07:28:54 PM |
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The author said "The first known (to me) attempt at cryptocurrencies occurred in the Netherlands, in the late 1980s" in the first paragraph. Emphasis on the word a'ttempt', this means that before bitcoin there had been attempts to make digital cash. When we look back at history there have been attempts do to a lot of inventions, which all failed. Since bitcoin has become successful with mass adoption, it deserves the credit of been a pioneer. Also lets not forget that cryptocurrency comes with amazing technology not just putting money on phone cards that people used to trade when they had no money, nobody heard of debit cards and other prepaid gift cards. |
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Alexnelepa92
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November 21, 2017, 07:35:00 PM |
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So, there are Bitcoin is digital currency, called Althingi (alternative money).
Most of those "other coins" doesn't provide users with any new features, so they can in good conscience be attributed to scamu, and if simple, then it is pure trickery. Fortunately, among altcoins are still present interesting projects that deserve attention.
As for Bitcoin, he has long earned its reputation and continues to sustain it, without losing its main advantages – high degree of safety and network benefits. It has a wider scope, it is much liquid, it is more invested both material and intellectual resources.
Work on this system continues, but, as experts believe, not because the cue terrible competition of alternative projects, and the desire to bring his product to perfection, giving the best in him.
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ahmad21
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November 21, 2017, 07:59:36 PM |
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Well thats something quite new what I have just heard. First of all bitcoin is altcoin because this forum focuses mainly on bitcoin so any other coin would an altcoin. Its not because btc was first of its kind. But yes it was interesting to learn about other cryptos that were once in existence. |
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Fatunad
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November 21, 2017, 08:07:03 PM |
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The author said "The first known (to me) attempt at cryptocurrencies occurred in the Netherlands, in the late 1980s" in the first paragraph. Emphasis on the word a'ttempt', this means that before bitcoin there had been attempts to make digital cash. When we look back at history there have been attempts do to a lot of inventions, which all failed. Since bitcoin has become successful with mass adoption, it deserves the credit of been a pioneer. Also lets not forget that cryptocurrency comes with amazing technology not just putting money on phone cards that people used to trade when they had no money, nobody heard of debit cards and other prepaid gift cards. Very well said and this was i supposed to say too which there are really some attempts in the past about digital cash but all of them failed and also come to think off that those plans of digital cash are centralized not decentralized.This is why bitcoin is somehow specially compared into those coins if they are successfully created. For now we cant really remove the title that bitcoin is the father of all cryptocurrency and all coins who are after it would really be always considered as altcoins. |
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aardvark15
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November 21, 2017, 08:18:10 PM |
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I guess I would argue that Bitcoin is actually a new technology in many ways and that altcoins are trying to copy that success. So i’m comfortable calling Bitcoin the first of it’s kind that was successful. However, it really is just semantics at this point. I don’t think it really matters what people call it in the same way that people try to call Bitcoin a currency when it really is much more than that. |
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Matimtim
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November 21, 2017, 08:40:07 PM |
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You said there is cryptocurrency before bitcoin developed and descoverd but there is originality in bitcoin that's give power to stand in their own feet so we cannot say bitcoin is an altcoin, because altcoin is depending on the mother cryptocurrency like many cryptoccurency now, you cannot use it without bitcoin because you must to converted it in to bitcoin first before you able to use it as money.
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otandelapaz
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November 21, 2017, 08:57:13 PM |
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Well, if you google the meaning of "altcoin" all they say is altcoin is "alternative to bitcoin". With that logic, you cannot consider bitcoin as an altcoin. Thanks |
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btctalkPOLICE
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November 21, 2017, 08:59:32 PM |
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There were many cryptocurrencies before Bitcoin.
Intresting info ) Therefore Bitcoin is an altcoin - and will also be beaten by another altcoin, just as it did itself.
Breaking news  |
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gamerfan
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November 21, 2017, 09:02:46 PM |
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While it is actually true that Satoshi took inspiration from many other previous inventions and technology (like every other inventor) it's undoubtely true that Bitcoin has been the first actual decentralized cryptocoin. Also, while all the other technology were just payment system that took place online, Bitcoin is a currency too. While all the other people mentioned in your article created just digital payment system, Satoshi created a whole new economic model. That's a HUGE difference between Bitcoin and the others. |
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Bezobraznike
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★Bitvest.io★ Play Plinko or Invest!
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November 21, 2017, 09:11:19 PM |
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Creator of this thread did not read article that he shared here. He saw
a headline and he thought that must be true. He is just bad example of
ordinary mind who trust in everything that he sees for the first time.
Article from 3 years ago, Apr 16, 2014 5:10 PM EST, did not offer nothing
new. Difference between cash and bitcoin is the same as difference between
cash on credit card and bitcoin. Traditional money is one, bitcoin is other.
Bitcoin is the first product of the blockchain technology.
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