[2018-11-09]Bitcoin is not the Leading Cryptocurrency Anymore

[Vladdirescu87]

Bitcoin is regarded as one of the oldest and well-known digital currencies on the crypto market today. The coin has recently celebrated its tenth anniversary since Satoshi Nakamoto created it. Despite this, the Chinese seem to have lost interest in Bitcoin, it has fallen to 19th place in a popular ranking.

"At present, EOS and Ethereum are undoubtedly the preferred platforms for Dapp development worldwide, and EOS is showing a stronger momentum. The data shows that EOS Dapp is highly active and user increments are large," the report claimed."

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-is-not-leading-cryptocurrency-anymore/

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[gentlemand]

"At present, EOS and Ethereum are undoubtedly the preferred platforms for Dapp development worldwide, and EOS is showing a stronger momentum. The data shows that EOS Dapp is highly active and user increments are large," the report claimed."

EOS is clunky Paypal that sucked large amounts from a bunch of numpties. There is no comparison.

https://www.reddit.com/r/CryptoCurrency/comments/9vu7mb/eos_centralisation_in_action_arbitrator_rules_to/

What a crock of shit.

I have no idea what those report writers are thinking and why they have such a consistent hard on for EOS. I guess if Bitcoin was run like that they'd have the control they desire.

[hatshepsut93]

...according to a research group that belongs to the Chinese government. Why should we care about the opinion of people who hate everything that is free? Bitcoin is objectively number one, it dominates the market, it has the most brainpower behind it, it has the biggest community, developers are constantly showing real results and not just promise something in the future, like altcoin devs do. You have to be a huge altcoin fanboy to seriously believe that Bitcoin is not the leading cryptocurrency.

[1Referee]

Hard statistics matter, which is that those who actually care about crypto and are trading these altcoins convert profits to....... Yes! Bitcoin! Those who don't give a damn about crypto convert to fiat. The only reason altcoins are "more" popular is that they offer people a shorter route towards their profits, and that's where altcoins shine.

Bitcoin doesn't need bells and whistles to catch attention, it does so with being Bitcoin, a medium of exchange that does one thing extremely well. Other altcoins try to do too many things at the same time, which obviously can't go right all the time. Another negative aspect is that building crap on top of a coin like Ethereum is doing is one easy way to clutter your blockchain and become more centralized as time goes by.

[TraderTimm]

CoinIdol is such a piece of garbage.

I feel sorry for the artist they conned into doing their dumb splash images for each article, too.

[Kemarit]

This reports have been going in rounds in most crypto related websites for months now, I don't know what's up with coinidol publishing it again. You just have to go down and understand where the source of this news, it came from A Chinese government body, so obviously, they will immediately shot down the idea that Bitcoin is still the top dog in crytosphere. As for EOS and ETH, well, they're still having their own 'smart contract' war, and guess what? the winner of that war will still be Bitcoin for all we know.  . They can duke it out whenever or whatever they want in terms of its security and scalability or transaction fees, but overtime, people will stay where the money is, that is in Bitcoin ecosystem and market.

[Lucius]

What a news, BTC is not popular in China anymore - after all that the Chinese made to prevent trading of BTC in China this should be something weird?
They are not interested in BTC because they can not control it, but on the other hand interest for some other coins is growing. The conclusion is clear in this case, decentralized coins have no future in China, communist party must have control over everything - such reports are completely meaningless for anyone, except for the Chinese.

[bittraffic]

I'm very much supportive to EOS which is quite a good token to hold for those who wants to profit from the network that keeps growing. For someone who don't own BTC, I guess this is going to be a good token to hold. There had been lots of claim being it centralized but I don't think Block Producer is making it centralized compare to btc miners.

[darkangel11]

It was the same with ETH. When it became popular it faced a sudden growth, much bigger than Bitcoin at that time. Now ETH is losing value and the money that flows out of it is going to EOS. People are hoping that they'll make some money on it while Bitcoin continues to stay in bear market. I don't blame them, but saying that it's a competition for Bitcoin is nothing but a joke.

[milewilda]

What a news, BTC is not popular in China anymore - after all that the Chinese made to prevent trading of BTC in China this should be something weird?
They are not interested in BTC because they can not control it, but on the other hand interest for some other coins is growing. The conclusion is clear in this case, decentralized coins have no future in China, communist party must have control over everything - such reports are completely meaningless for anyone, except for the Chinese.

China wants to control everything and your analysis is really plausible that they lose interest into bitcoin because its uncontrollable unlike on the the top 10 coins they choose up base on the image below.


Majority of them (no comment).

[BitHodler]

No wonder that EOS is the first ranked, that platform, blockchain, server operated project (what is it?) allows transactions to be reversed and balances to be put on hold upon BP agreement, which is the wet dream of any government.

I know that most of the get rich quick rookies don't care as long as they can get their EOS airdrops, but eventually it will hit them in their face. It can't continue as people want endlessly because there will be a moment the fun part in crypto is over.

I am not anti altcoins at all, and while there admittedly are some decent ones in this industry, I never had any desire to use them. I go straight to the source because Bitcoin has the best shot at surviving the massacre that will happen eventually.

[cryptofonia]

The rating was developed by the structure of Chinese gov that bans crypto trading in its country. It explains much.

[bbc.reporter]

CoinIdol is such a piece of garbage.

I feel sorry for the artist they conned into doing their dumb splash images for each article, too.

Agreed! Also, that article might be a paid advertisement for EOS accepted by some corrupt journalist. That is if you can call the writer a journalist. I reckon the spammers in bitcointalk know more about bitcoin than them hehehe.