mfmf10 (OP)
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December 04, 2013, 07:11:36 PM |
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I want to get into this thing. I think that bitcoin has quite a few flaws and that some other currencies address a few of those flaws. Is bitcoin too popular to be overtaken? Is there room for multiple coins to have value (in the long run)? I imagine most of the established ones will stay around in some form or another, but will any alt coins ever become mainstream?
I guess this is a loaded question, but I'd like to hear some perspectives. I'm thinking an alt coin is a better gamble because it would have larger growth opportunities, but bitcoin might still give a really good ROI.
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gmoney1
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December 05, 2013, 01:29:56 AM |
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I doubt it.
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tampazeus
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December 05, 2013, 01:34:04 AM |
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What kind of flaw bitcoin has by your opinion ? I did not noticed any...
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sweetNlow
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December 05, 2013, 01:36:15 AM |
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Im my opinion Bitcoin will be the leader in the crypto-currency world for a long time. Would take a lot for an alt to get to where bitcoin is today.
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MicroGuy
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December 05, 2013, 01:40:14 AM |
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 I imagine most of the established ones will stay around in some form or another, but will any alt coins ever become mainstream?
Have you heard of Goldcoin? Our plan to take over the top spot here: http://coinmarketcap.com/.. .. Come watch my latest video to find out more! vvvvvvvvv   |
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Cryddit
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December 05, 2013, 01:45:24 AM |
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Yah.
Something that scales to millions of transactions per second and has easy/cheap transfers of vending-machine size transactions is gonna win. But whatever it is (and it might even be a redesign of Bitcoin), it won't work exactly like Bitcoin works now.
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DeathAndTaxes
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Gerald Davis
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December 05, 2013, 01:53:43 AM |
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Will something replace Bitcoin (or coexisting in a niche untapped by Bitcoin)? Maybe.
Is that something the altCoins which are clones of Bitcoin with a few parameters changed? Not a chance.
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pand70
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December 05, 2013, 02:07:11 AM |
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I want to get into this thing. I think that bitcoin has quite a few flaws and that some other currencies address a few of those flaws.
Care to mention those flaws and which currencies are addressing them? Some alt coins claim that can handle in a better way some scalability issues but i have yet to see any real flaws in bitcoin whatsoever. |
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TheJacob
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December 05, 2013, 02:18:12 AM |
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Will something replace Bitcoin (or coexisting in a niche untapped by Bitcoin)? Maybe.
Is that something the altCoins which are clones of Bitcoin with a few parameters changed? Not a chance.
Yeh, bitcoin has momentum. None of these clones are going to overtake it even if they offer minor improvements. Something may come along and overtake bitcoin, but it will have to offer something much better or at least different. |
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Cryddit
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December 05, 2013, 03:35:58 AM |
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Yep, that's my take on it.
To do the things Bitcoin doesn't do all that well (speed in transactions per second, low latency, micropayments, scaling to tens of millions of full nodes) will require an alt with a fundamentally different design. These just aren't things you can do with the same basic design of Bitcoin.
But an altcoin that could do all of them would overtake Bitcoin.
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Sparky_eMunie
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December 05, 2013, 04:38:01 AM |
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eMunie will replace Bitcoin!
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nahtnam
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December 05, 2013, 04:46:37 AM |
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Nope, but maybe there is a slight chance (0.00001%) that ltc will take over. Thats if something goes wrong with bitcoin and the same thing doesnt happen to litecoin...
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Tastycryptobits
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December 05, 2013, 05:00:02 AM |
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I highly doubt litecoin will go anywhere.
Even the developer thinks it's overvalued, and hasn't spent any time furthering its development beyond the few hours he spent creating it.
Most altcoins will be about pump-n-dump. If you can get on the early release of new coins for the next few months one might be able to convert that into something worthwhile, i.e. bitcoin.
Expect Bitcoin to have heavy adoption in India and China with specialized ATMs dispensing and accepting it.
There are corporate brains frothing at the mouth for these trillion dollar opportunities.
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shorthouse
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December 05, 2013, 05:56:19 AM |
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Agreed. It would take a lot to overthrow the relatively well established Bitcoin.
Not saying it can't happen, but it definitely won't happen overnight.
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Andrewwattson
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December 09, 2013, 01:01:21 AM |
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Another coin might come close but it will be pretty hard to overtake it.
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torealise
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December 09, 2013, 01:52:42 AM |
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i think it can be easly. for example, there are essential holders of big amount of btc. they can create new currency, or choose existing alt coin, and invest all btc to this alt coin. it would down btc rate and up alt coin rate, so situation would change
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antgrinder
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December 09, 2013, 01:56:37 AM |
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they will come close but will not be able to threatened bitcoin
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CoinCidental
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Si vis pacem, para bellum
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December 09, 2013, 02:00:07 AM |
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in a year years looking back im still beting bitcoin will be gold by a wiide margin to whatever coin s silver / takes 2nd place
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betyourbits
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December 09, 2013, 02:02:14 AM |
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I think in the long term "crypto" currency game that bitcoin probably won't actually prevail to be the winner. There will most likely end up being a couple main players (hopefully including bitcoin) in the end.
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Bitcoin-hotep
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December 09, 2013, 02:51:38 AM |
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I saw a video on YouTube called "What is an altcoin" and this guy was talking about a "new" kind of coin and was talking about how the old coins are like a structure for bitcoin and the new ones will be like flower pedals bringing new people to bitcoin. So it's not a competition it's a family.
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