2013-09-09 Who’s Who in Bitcoin: Alt-Coin Advocate

[patricktim]

http://spectrum.ieee.org/computing/networks/whos-who-in-bitcoin-altcoin-advocate-dennison-bertram

Bitcoin is only one of a new breed of cryptocurrencies. There are many others—with names like MasterCoin, Novacoin, and Litecoin—being actively traded at online currency exchanges. Why so many variations on a single theme? Profit is one obvious answer. The Bitcoin gold rush seems to be peaking now that it’s too difficult to mine them without specialized computers, and those who missed out can always create their own new currencies and hope they catch on. But some of these new currencies—known as alt-coins—seek to improve upon Bitcoin rather than just cash in on the trend.

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[LiteCoinGuy]

Morgen Peck: Are all of these alt-coins just staging grounds for the future development of Bitcoin, or do you think one of them could blossom into its own viable cryptocurrency?

Dennison Bertram: The only one at the moment that I think could really catch up to Bitcoin is Litecoin. It’s been around much longer and was one of the earlier alt-coins that offered something truly different than Bitcoin.


clever guy 

[Mike Christ]

Morgen Peck: Are all of these alt-coins just staging grounds for the future development of Bitcoin, or do you think one of them could blossom into its own viable cryptocurrency?

Dennison Bertram: The only one at the moment that I think could really catch up to Bitcoin is Litecoin. It’s been around much longer and was one of the earlier alt-coins that offered something truly different than Bitcoin.


clever guy 

I agree with his answer; most altcoins of today are not rebrandings of Bitcoin, but rebrandings of Litecoin.  Litecoin must've done something right for everyone to want to mimic it.

[TraderTimm]

I look forward to LTC either having horrible scaling problems, or it trailing off to zero as miners say "screw it". Take your pick.