Bitcoin Forum
December 04, 2016, 04:10:05 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: what advantages does bitcoin have over the alternative chains?  (Read 1000 times)
qxzn
Hero Member
*****
Offline Offline

Activity: 602



View Profile
October 17, 2011, 05:39:43 PM
 #1

I see only two significant advantages:
1. a network-effect monopoly. Almost everyone who's using a cryptocurrency uses bitcoin. Relatively speaking, almost nobody uses an alternate chain.
2. Best exchanges. Mtgox and tradehill trade bitcoins, not solidcoins or tenebrix.

Is there anything else I haven't thought of?
1480824605
Hero Member
*
Offline Offline

Posts: 1480824605

View Profile Personal Message (Offline)

Ignore
1480824605
Reply with quote  #2

1480824605
Report to moderator
1480824605
Hero Member
*
Offline Offline

Posts: 1480824605

View Profile Personal Message (Offline)

Ignore
1480824605
Reply with quote  #2

1480824605
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480824605
Hero Member
*
Offline Offline

Posts: 1480824605

View Profile Personal Message (Offline)

Ignore
1480824605
Reply with quote  #2

1480824605
Report to moderator
1480824605
Hero Member
*
Offline Offline

Posts: 1480824605

View Profile Personal Message (Offline)

Ignore
1480824605
Reply with quote  #2

1480824605
Report to moderator
Phinnaeus Gage
Legendary
*
Offline Offline

Activity: 1302


Bitcoin: An Idea Worth Spending


View Profile
October 17, 2011, 06:00:57 PM
 #2

A larger forum with an established membership base.
kwukduck
Legendary
*
Offline Offline

Activity: 1564


View Profile
October 17, 2011, 06:01:10 PM
 #3

Security of bitcoin grows with network size. So thats a very important point i think.
Also, try turning the question around, why would you want to use alternatives?

Most alternatives i know of implement some key feature that completely destroys the point bitcoin was invented for.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
beckspace
Sr. Member
****
Offline Offline

Activity: 385


Aimed at Jupiter


View Profile
October 17, 2011, 06:01:53 PM
 #4

traction

You guys have really come up with somethin'
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
October 17, 2011, 06:02:19 PM
 #5

A competent development team.

Are-you-a-wizard?
Member
**
Offline Offline

Activity: 98



View Profile
October 17, 2011, 06:05:21 PM
 #6

A competent development team.

Came to say this.

Bitcoin = Ubuntu
Other-chains = Some new Linux distro some guy just made

And yes I know Ubuntu isn't the best distro at all, especially with regards to security, but it's the mainstream one that 99% of the new linux kiddies use and has a massive user/support base.
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
October 17, 2011, 06:08:05 PM
 #7

A competent development team.

+1 

A team that has been working since before Bitcoins became worth anything. They're dedicated and skilled.

The better question is, what advantage does any other chain have over bitcoin? Even the most lauded "advantages" are highly contested, and often boil down to economic theory. None of the alts even come close to Bitcoin.
Rassah
Legendary
*
Offline Offline

Activity: 1624


Director of Bitcoin100


View Profile
October 17, 2011, 06:23:40 PM
 #8

Technology support, like clients, transaction processing software, android app, ATMs...

beckspace
Sr. Member
****
Offline Offline

Activity: 385


Aimed at Jupiter


View Profile
October 17, 2011, 06:43:20 PM
 #9

At this point, bitcoin is the protocol and the protocol is bitcoin, and it's sound!

I don't see another crypto-currency replacing bitcoin. The whole concept would lose confidence forever.

Bitcoin is not perfect, but it is plentiful. Bitcoin may be abandoned not because of another crypto-currency, but by its own fault.






You guys have really come up with somethin'
Pages: [1]
  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!