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Author Topic: why all crypto world depend on one old tech coin it's ridiculous  (Read 183 times)
resistanx
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March 27, 2018, 06:45:30 AM
 #21

Yes indeed like that fact, coin coins are under the auspices of blockchain.
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princesspoppy
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March 27, 2018, 06:49:32 AM
 #22

I think you're older than bitcoin. Haha. Bitcoin is not yet old. Cryptos depending on bitcoin is because bitcoin is the pioneer of all cryptos and it is the most heard and popular coin ever. There may be lot of good ICO projects out there with high potential to lead in the future but I think for now, they will all be depending to bitcoin, it is because bitcoin has proven lot of potentials and it faces and passed lots of struggles in the past from where we've seen it keeps on rising from the ashes. This proves that bitcoin is the real king of all cryptos.
penig
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March 27, 2018, 08:37:45 AM
 #23

Come on mate, 10 years doesn’t make it old tech. And there has been a lots of development around Bitcoin and scopes of further developments are there obviously. It will take a lot of development for other coins to surpass Bitcoin.

Its old because its 2-3 generations behind the current technology, not its number of years.  The only metric its ahead on is valuation, if we are talking technology it is old.

lukeclick
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March 27, 2018, 10:14:58 AM
 #24

Bitcoin has not being around for long enough to refer to it as an old tech coin and also without bitcoin you wouldn't be here on this forum talking about cryptocurrencies. The forum is literally named after the old tech coin. So why don't you put some respect on that name and be grateful
bolbau
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March 27, 2018, 10:29:50 AM
 #25

the branding itself as the first coin in the cryptocurrency really help to make people more interesting with bitcoin. as you know some people still knowing that "digital money = bitcoin" or "cryptocurrency = bitcoin". and the important thing is theres so much demand in the market, that was very reasonable if bitcoin can influence other coin.
zergenyt09
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March 30, 2018, 12:18:05 PM
 #26

I think you're older than bitcoin. Haha. Bitcoin is not yet old. Cryptos depending on bitcoin is because bitcoin is the pioneer of all cryptos and it is the most heard and popular coin ever. There may be lot of good ICO projects out there with high potential to lead in the future but I think for now, they will all be depending to bitcoin, it is because bitcoin has proven lot of potentials and it faces and passed lots of struggles in the past from where we've seen it keeps on rising from the ashes. This proves that bitcoin is the real king of all cryptos.
All other crypto currencies just copied bitcoin. It is the first crypto currency created ever. In the market, only those things prosper which are launched at the right time. When millionaires were in need of something that can allow them to transfer huge amounts across the world very quickly without paying high charges, bitcoin was launched. It got attention of all such millionaires so the need of any further coins was actually ridiculous from the beginning.
Hazaki
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March 30, 2018, 12:29:51 PM
 #27

every day we see a lot of awesome projects in crypto world i want to know why all crypto world depend on one old tech coin (bitcoin) ?? do u think its will change in near future ??

And for what reason the world is based on cash ? (before E money appeared of course .. )
Why do everybody depend on those paper bills and coins ? Even tho they were created hundreds of years ago ?
Because it simply is credible , and everybody trusts it , dealt with it and knows that it's a safe value storing method , bitcoin didn't come to change the concept of money , it just came to change the concept that we have to deal with a centralized third party that controls all our money spending and knows exactly how much wealth are we storing because we'll only be able to spend it if they're present in the process whether directly or indirectly .. Bitcoin is an ideology , it's a way of practicing our god given freedom , and another way of storing wealth with full anonymity .. And bitcoin has gained the same credibility among the crypto enthusiasts , that the cash money has gained across the globe ..

As for the part of "old tech" ? lols .. Maybe you are comparing the technology to the most recent ones such as Smart contracts etc ..
But you definitely should check for the things under development such as LN , that will certainly take bitcoin to another whole level , bitcoin is certainly the OG of all coins , but won't cease to progress and be enhanced with the most recent techs ..
Activitycoin
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March 31, 2018, 11:04:35 AM
 #28

every day we see a lot of awesome projects in crypto world i want to know why all crypto world depend on one old tech coin (bitcoin) ?? do u think its will change in near future ??

And for what reason the world is based on cash ? (before E money appeared of course .. )
Why do everybody depend on those paper bills and coins ? Even tho they were created hundreds of years ago ?
Because it simply is credible , and everybody trusts it , dealt with it and knows that it's a safe value storing method , bitcoin didn't come to change the concept of money , it just came to change the concept that we have to deal with a centralized third party that controls all our money spending and knows exactly how much wealth are we storing because we'll only be able to spend it if they're present in the process whether directly or indirectly .. Bitcoin is an ideology , it's a way of practicing our god given freedom , and another way of storing wealth with full anonymity .. And bitcoin has gained the same credibility among the crypto enthusiasts , that the cash money has gained across the globe ..

As for the part of "old tech" ? lols .. Maybe you are comparing the technology to the most recent ones such as Smart contracts etc ..
But you definitely should check for the things under development such as LN , that will certainly take bitcoin to another whole level , bitcoin is certainly the OG of all coins , but won't cease to progress and be enhanced with the most recent techs ..
Well you have given nice elaboration about bitcoin, it is very true that we are getting more and more modern day by day so we will have to look at the development of the era, bitcoin is better than any other investment because its price is very good and it is very reliable to use,  it is not ridiculous to make faith on bitcoin and use it to make your only way of earning, smart people always take benefits of the situation so for me bitcoin is king of all other coins, no coin is like bitcoin, it has very good to have bitcoin.
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March 31, 2018, 05:21:33 PM
 #29

I hope so. Because a lot of ambitious ico and their currency often claims that they will replace bitcoin one day. And who knows - maybe it will happen
eaLiTy
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March 31, 2018, 09:16:56 PM
 #30

every day we see a lot of awesome projects in crypto world i want to know why all crypto world depend on one old tech coin (bitcoin) ?? do u think its will change in near future ??
If you think that the technology behind bitcoin is obsolete then none of the coins will survive ,what projects are you talking about and tell me a few projects that are running strong for more than four years and we can very well see what all project will survive in the next few years, but one thing is sure bitcoin will be there and most probably it will be the only coin to survive even after ten years. Tongue
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