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Author Topic: Adaption vs technology  (Read 91 times)
Herbert2020
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April 15, 2018, 05:12:58 AM
 #21

There are newer cryptocurrencies than BTC with better technology.
just because they were created after bitcoin doesn't make them "new technology". it just makes them a copycat of bitcoin. and most of them are exactly poor copies, some of them are new with a lot of also new issues.
and calling something that is not even used "better" only shows you know nothing John Doe!

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However we often insist that BTC is "king" because of its "first mover advantage" and its greater adaption.
it has nothing to do with being "first mover" it is all about its usefulness. bitcoin offers certain features that people want and that will always create the demand and with it the huge rising price.
by the way bitcoin is not the first. there were others before it. which again shows you know nothing John Doe!

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Shouldn't we value more technology than adaption? Isn't it natural that in the end other cryptocurrencies with better technology will prevail?
you first have to prove there exists a "better technology" then we can argue about other stuff. we won't just make the assumption that there is some better tech out there just because you fell for the pump and dump advertisement of altcoins.

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April 15, 2018, 07:27:57 AM
 #22

There are newer cryptocurrencies than BTC with better technology. However we often insist that BTC is "king" because of its "first mover advantage" and its greater adaption. But then USD has far far greater adaption than BTC.

Shouldn't we value more technology than adaption? Isn't it natural that in the end other cryptocurrencies with better technology will prevail?
Bitcoin will always be the king of all cryptocurrencies, some other cryptocurrencies are just relying with bitcoin, if bitcoin drops then altcoins will also drop just like bitcoin and if bitcoin recover, altcoins will also recover its price. It is always happening and I think that is the truth.



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Rainbot
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April 15, 2018, 09:04:45 AM
 #23

There are newer cryptocurrencies than BTC with better technology. However we often insist that BTC is "king" because of its "first mover advantage" and its greater adaption. But then USD has far far greater adaption than BTC.

Shouldn't we value more technology than adaption? Isn't it natural that in the end other cryptocurrencies with better technology will prevail?

If people value the technology, they will adopt it... It's not happening because people don't value techonology at all, what they're interested in is getting rich quick.

Don't generalized it, A lot of people still value technology. Bitcoin is in the digital world in which technology plays a huge part of it, Bitcoin's system would surely upgrade in time. Adaptation would be always a part of this world, if a person decided not to adapt, most likely he/she will be left out. Technology will not wait for a person to adapt.
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