Bitcoin Forum
December 13, 2017, 12:09:25 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 »  All
  Print  
Author Topic: Why calling other currencies altcoins ?  (Read 206 times)
Hosam Mazawi
Newbie
*
Offline Offline

Activity: 18


View Profile
December 03, 2017, 04:51:21 PM
 #1

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
1513123765
Hero Member
*
Offline Offline

Posts: 1513123765

View Profile Personal Message (Offline)

Ignore
1513123765
Reply with quote  #2

1513123765
Report to moderator
Uhde
Full Member
***
Offline Offline

Activity: 182


IDEX - LIVE Real-time DEX


View Profile
December 03, 2017, 04:54:40 PM
 #2

What is wrong with calling them altcoin? Grin Because they are not first coins in crypto world they are only an alternative to the first coin, bitcoin. I think it is a quite acceptable reason.

Mpamaegbu
Sr. Member
****
Offline Offline

Activity: 350


View Profile
December 03, 2017, 04:58:06 PM
 #3

You are right that some cryptos may have really diversified from Bitcoin but the truth still remains that Bitcoin is the crypto pioneer. Every other coin should live with the altcoin tag because one way or the other they are building on what Satoshi started using the blockchain technology. These other coins are alternative to the bitcoin.

ac2eugenio
Jr. Member
*
Offline Offline

Activity: 36


View Profile
December 03, 2017, 05:04:32 PM
 #4

They are called altcoins because they are alternative coin to bitcoin which is the foundation of crypto.
Igor17Krik
Member
**
Offline Offline

Activity: 84

"Fueling Crypto Securitisation"


View Profile
December 03, 2017, 05:10:20 PM
 #5

All the coins that altcoins. This alternative coins bitcoin. One bitcoin is not altcon. All the other altcoins.

5ensei
Full Member
***
Offline Offline

Activity: 140


View Profile
December 03, 2017, 05:10:45 PM
 #6

When there is a genuine competition to bitcoin then the names can change, but as there is only one dominant coin in the crypto world then the others will have to be categorised under one umbrella i.e. the altcoins.

batang_bitcoin
Hero Member
*****
Offline Offline

Activity: 644

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
December 03, 2017, 05:23:13 PM
 #7

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?
They are just an alternative so we are calling it altcoins and that makes sense. Bitcoin is the original coin so if someone says or talks about bitcoin, we are mainly calling it as simple as 'bitcoin'. But when it comes to other coins that are less popular or if it is popular and has a good market cap still we are preferring it to call as an altcoin because they are an alternative to the original.

melted349
Sr. Member
****
Offline Offline

Activity: 280



View Profile
December 03, 2017, 05:26:30 PM
 #8

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?
the answer is already there first think that why is it just because it is alternative and it is not the first currency that are made of so it was answered even you are not able to post it, and how would you say that this is not an alternative , cause at first and as i know they can call alternative.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
949miner
Sr. Member
****
Offline Offline

Activity: 252



View Profile
December 03, 2017, 05:29:46 PM
 #9

Because they are alternate cryptocurrencies, why do think that alternate accounts are called "altaccounts"? because of the same ,everything that is the second, is an alternate.

And most if we talk about cryptos, but there is a very different concept about cryptos and altcoins, but this is just like an steriotype about it.

Bitcoin has always been like the "king" or the first one, and that is why it can not be called altcoin.

But those who came after bitcoin, like ethereum, litecoin, they are just altcoins, and most of them are based on bitcoin.

       ▄▄█▀▀▀▀▀▀▀█▄▄
    ▄█▀▀▄▄███████▄▄▀▀█▄
  ▄█▀▄████▀▄▄▄▄▄▀████▄▀█▄
 ▄█ █████▀█ ▄▄▄ █▀█████ █▄
▄█ █████   █████   █████ █▄
█ ██████   ▀███▀   ██████ █
█ ███████         ███████ █
█ ██████   ▄███▄   ██████ █
▀█ █████   █████   █████ █▀

 ▀█ █████▄█ ▀▀▀ █▄█████ █▀
  ▀█▄▀████▄▀▀▀▀▀▄████▀▄█▀

    ▀█▄▄▀▀███████▀▀▄▄█▀
       ▀▀█▄▄▄▄▄▄▄█▀▀




 ▄█████████ ███      ███  ▄█████  ▄█████  ▄████████▄   ▄████████▄   ▄█████████ ███       ███
███▀        ███      ███ ███▀    ███▀    ███▀    ▀███ ███▀    ▀███ ███▀        ███       ███
███         ███      ███ ███     ███     ████████████ ███      ███ ███         ███▄     ▄███
███▄        ███▄    ▄███ ███     ███     ███▄         ███      ███ ███▄         ▀███████████
 ▀█████████  ▀████████▀  ███     ███      ▀█████      ███      ███  ▀█████████          ▄███
                                                                                     █████▀
██████
███
███
███
███
███
███
███
███
███
███
███
██████
██████
███
███
███
███
███
███
███
███
███
███
███
██████
█████▀
███▀ 
█▀  ▄█
  ▄███
▄████▀
███▀
█▀  ▄█
  ▄███
▄████▀
███▀
█▀  ▄█
  ▄███
▄█████
█████▀
███▀ 
█▀  ▄█
  ▄███
▄████▀
███▀
█▀  ▄█
  ▄███
▄████▀
███▀
█▀  ▄█
  ▄███
▄█████
svojoe
Hero Member
*****
Offline Offline

Activity: 725



View Profile
December 03, 2017, 05:32:01 PM
 #10

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?

What is your proposal in this case? I think it's a pretty good defined terminology so we must use it just to prevent misunderstanding. That's all.

..C..
.....................
........What is C?.........
..............
...........ICO            Dec 1st – Dec 30th............
       ............Open            Dec 1st- Dec 30th............
...................ANN thread      Bounty....................

APICEMTECH
Member
**
Offline Offline

Activity: 98


View Profile
December 03, 2017, 05:37:38 PM
 #11

In the beginning there was only one blockchain based currency which got the attention of many devs and people and it is known as bitcoin. After the success of bitcoin a lot more crypto currencies came into existence which were based on blockchain(the same model as btc) but having a different kind of blockchain or use, and hence they were called alts or alternate currencies.

▰       IDEX       ▰       Ethereum’s First High-Performance Decentralized Exchange
▨ ▬▬▬▬▬   State Channel Speed with On-Chain Settlement   ▬▬▬▬▬ ▨
JOIN THE TOKEN SALE   ▨   START TRADING INSTANTLY   ▨   BOUNTY   ▨   TELEGRAM
kaya11
Member
**
Offline Offline

Activity: 98

DIMPAY: Invest for Tomorrow. Today.


View Profile
December 03, 2017, 05:56:56 PM
 #12

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?

Well altcoins somehow are improved in terms of hashing algorithims or speed of transactions, and some altcoins innovate by experimenting with features Bitcoin does not offer.
Altcoins are referred to as Bitcoin alternatives because, at least to some extent, most altcoins either replace or improve at least one Bitcoin component, that is why it's an alternative.

▬▬▬▬▬▬▬ ●   DIMPAY  ●  Invest for Tomorrow. Today.   ● ▬▬▬▬▬▬▬
❱❱❱  Facebook  ❱❱❱  Twitter  ❱❱❱  Telegram  ❱❱❱
▬▬▬▬▬▬▬▬▬▬▬▬▬ ●  ❱❱  PRE-ICO | December, 04th 2017  ❱❱  ● ▬▬▬▬▬▬▬▬▬▬▬▬▬
cryptobobo
Jr. Member
*
Offline Offline

Activity: 32


View Profile
December 03, 2017, 05:58:02 PM
 #13

Because they are created just like its foundation the BITCOIN was the first and the successors are the alts.
DanWalker
Sr. Member
****
Offline Offline

Activity: 428


Spectiv VR Crowdsale: 12/08/17


View Profile
December 03, 2017, 06:02:18 PM
 #14

In the beginning there was only one blockchain based currency which got the attention of many devs and people and it is known as bitcoin. After the success of bitcoin a lot more crypto currencies came into existence which were based on blockchain(the same model as btc) but having a different kind of blockchain or use, and hence they were called alts or alternate currencies.

Yes, you are right. Plus all the first altcoins used the bitcoin's blockchain with some new features. I guess altcoins are altcoins mostly because of this.


              ▄▄████████████▄▄             
          ▄███▀▀▀░░░░░░░░░░▀▀▀███▄▄        
       ▄██▀▀░░░░░░░░░░░░░░░░░░░░░▀██▄      
     ▄██▀░░░░░░░░░░░░░░░░░░░░░░░░░░▀███    
   ▄██▀░░░░░░░░░░░░░░░▄▄▄▄▄█████████████▄  
  ▄██░░░░░░░░░░░▄▄█████████░░░░░░░░░░░░▀█▌ 
 ▐██░░░░░░░░▄█████▀▀▀▀▀▀▀▀▀████▄░░░░░░░░▀█▌
▐██░░░░░░▄███▀▀███████████████▀▀██▄░░░░░░██▌
████▄░░▄██▀███████▄██████▄████████▀██▄░░░▐██
██░▀████▀██████████████████████████████▄░░██
██░░░▀██▄█████████████████████████▄██▀▀██▄██
██▌░░░░▀███▄████████▀▀▀▀███████▄██▀░░░░░▀███
▐██░░░░░░░▀███▄▄███████████▄▄██▀▀░░░░░░░░██▌
 ▐██░░░░░░░░░░▀▀████████████▀░░░░░░░░░░░▄█▌
  ▀██▄▄▄▄▄▄▄▄▄████████▀▀▀░░░░░░░░░░░░░░▄█▌ 
   ▀███▀▀▀▀▀▀░░░░░░░░░░░░░░░░░░░░░░░░▄██▀  
     ▀██▄░░░░░░░░░░░░░░░░░░░░░░░░░░▄██▀    
       ▀███▄░░░░░░░░░░░░░░░░░░░░▄▄██▀      
          ▀████▄▄░░░░░░░░░░▄▄▄███▀         
              ▀▀▀██████████▀▀▀             

    
                         [ Website ]                    
    
AlwaysJanuary
Newbie
*
Offline Offline

Activity: 12


View Profile
December 03, 2017, 06:04:10 PM
 #15

At this moment they are just called like that because they are 'alternatives'.
This will change in the future.
Praetorian.1legion
Full Member
***
Offline Offline

Activity: 154



View Profile
December 03, 2017, 06:10:12 PM
 #16

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?

As it is not an alternative. You can buy coins and trade them not in a pair with bitcoin, but in pairs, for example, with an etherium or other alternative coins.

tawfiquecse
Member
**
Offline Offline

Activity: 98


View Profile
December 03, 2017, 07:53:52 PM
 #17

Bitcoin is the worlds first crypto currency . And other coins are not first coins in crypto. All are alternative to the first coin (bitcoin). Thats why we
call other coins Altcoins or Alternative coins . I think its the reason to call altcoins .  Smiley

sakokinak
Member
**
Offline Offline

Activity: 112

Spectiv VR Crowdsale: 12/08/17


View Profile
December 05, 2017, 05:20:24 PM
 #18

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?

All virtual currencies besides Bitcoin are called altcoins because they are an alternative to the first and the largest crypto in the world. Even those coins that are forks of BTC (Bitcoin Cash, Bitcoin God, diamond, etc) are also altcoins.

                 SpectivVR                                                Crowdsale: 12/08 - 12/29
VR Streaming Platform & Attention Markets                  [ Website ]
BitcoinTalk  |  Slack  |  Twitter  |  LinkedIn  |  Medium  |  Facebook  |  Instagram
aldrian09
Sr. Member
****
Offline Offline

Activity: 308



View Profile
December 05, 2017, 06:32:08 PM
 #19

Bitcoin is ths first crypto currency here and when there are new tokens or coins here they are alternative to btc that why we call it altcoins . There are lots of competetor trying there hard to be in the posution of bitcoin but I think no one can destroy the position of bitcoin especially the price itslef(by making history in entire of crypto world) . But I dont generalize my word some of altcoins only wants to promote there project and technology
~Bitcoin~
Legendary
*
Offline Offline

Activity: 924



View Profile
December 05, 2017, 06:33:47 PM
 #20

Currently all the new ICO are trying to develop platforms with different use case than Bitcoin, not similar at all, why people keep calling them altcoins although they are not alternative?
Most of the ICO projects these days creates ETH based tokens and they are called as tokens not altcoins. Altcoins is just general term used for all other coins + tokens created on top of smart contract based coins.

Actually I don't think name can create bigger issues  Grin

.

███████████████████████
███████████████████████████
█████████████████████████████
██████████████████████████████
██████████████████████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
██████████████
█████████████
██████████████
██████████████
██████████████
██████████████
██████████████
███████████████
██████████████
███████████████
██████████████
███████████████
█████████
███████████████
████████
████████████████████
█████████
██████████████████
██████████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
███████████████████████












Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!