There is a better alternative to Bitcoin and why not use it?

[clickerz]

People are creating topic like this every week. The simple truth why there are so many hype around bitcoin - it was first. A lot of people think that this is the only one true crypto currency. This is not about tech, this is about status

Quite true, the prestige of being the first and simply the Father of all cryptocurrency. But aside from that the overwhelming support of the masses. There are several copycats of bitcoin, but the name bitcoin speaks for itself, it is unique and catchy plus it is the original coin made by Satoshi Nakamoto, thus very popular.

[AltcoinBuilder]

Digitbyte? not sure

[sehoon]

I think Digibyte is good but I don't think that it is in a level where it can be an alternative to bitcoin. Digibyte is still developing coin and I've seen some posts here before that recommend people that they should invest in this coin or it is a coin that must be considered for the future.

[Beparanf]

It may still need to prove and improve it's performance if its want to be near to be called as bitcoin. Bitcoin been having all it's ups and down and still able to survive and use by many unlike altcoins that is hard to monitor or to keep since when once it's down it usually just fall depending on what kind of alt and development the team provides.

[makolz26]

For sure that there will be a few projects that will have great advantage and will be more good compare to Bitcoin, but people prefer Bitcoin because it already proven everything and that we are already confident and convenient to use and to invest on it, also people would love to see Bitcoin in another bull run so they are waiting for this perfect moment again.

[ReiMomo]

Correct, there are a lot of alternative cryptocurrencies out there that may compete to Bitcoin but bitcoin will remain standing as a great digital currency among others. Digibyte? I dont think so. There are a lot of altcoins that next to bitcoin why we should choose this unknown altcoin just to replace Bitcoin's greatness. Even Ethereum that almost surpass Bitcoin but in the end, it ends up nothing and bitcoin remained that has a massive adoption and already on the mainstream.

[adzino]

No matter how much you are saying that you are not shilling for the coin you mentioned, but it actually sounds like you are just shilling and creating hype for that coin. Do you guys get paid for doing this? I have seen a lot of similar posts and most of them are in fact newbie, newly created accounts. True, bitcoin can not be used for day to day regular transaction and there are better alternatives for that use case, but digicoin isn't the one!

[ChrisPop]

I don't know much about DigiByte, but what I can say is that Bitcoin with all its technology like LN and coming smart contracts eventually will be the perfect combination for both a store-of-value solution & currency & functionality for different industries. And I wouldn't say that scarcity is a problem, but an advantage. We don't need inflation and governments pumping up paper on the money machines like crazy. We need a decentralized solution like Bitcoin. Again Idk much about DigiByte but they need to come with something revolutionary to even challenge Bitcoin.

[Fatunad]

Digitbyte? not sure

Yea, people are not buying it no matter how OP hype that coin the difference is clearly seen already. Bitcoin is the father of all cryptocurrency and most people are using it for trading and investment asset. Bitcoin is a decentralized cryptocurrency. This should OP has to hype and not the other one which is not that common to most people or investors.

[pixie85]

In short people will not choose DB over Bitcoin because it's an altcoin. Altcoins have their pros and cons just like BItcoin but Bitcoin has the name and some real use cases. It's already hard to implement blockchain transactions into a company. Why would anyone who spends money to make everyone ready to take bitcoin payments change their plans and waste all the money saying nope, now we're going to take some altcoin that nobody is holding.

How many random people have Bitcoin? 1%? How about DB? 0.01%? What are your chances as a business owner that somebody comes to the store and chooses a DB payment?

[Youghoor]

DigiByte!

I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.

I newly discover crypto this year. As my 1 month of stay here in bitcointalk and crypto space and evaluated top 100 crypto who stayed for almost long enough in the hundreths and did an ample experience to them. (bought them and used them) I do see a lot of coins with potential and some other use cases but for currency it's undoubtedly Bitcoin. Now, I'm even confused. There is a bright future for DigiByte out there as a currency use and for people who had crypto that stayed long enough in the crypto space and bitcointalk, I only thought of them making a fortune in it (not really thinking about the future of blockchain tech). Digibyte has very secure and strong foundation in it's community. Scalability, fees and scarcity is no issue there. They also have a decentralized broker where you can make a transaction of an investment with direct profits into your wallet.

Now my question is; Any of you here really see what is good in DigiByte? I would love to hear any replies. This is an educational question for me as I have seen what is the real use case of a cryptocurrency and I found out in BTC and DGB as a leading candidates for Global use as a currency. I also want to hear the negative side of digibyte as a currency, maybe because I'm pre-occupied or clouded at the moment of this coin with great potential in my opinion.

I mean no harm of doing this. Since this is a Bitcoin forum talk.

I don't think you really understand the reasons why Bitcoin is always  considered the number one cryptocurrency. Bitcoin introduced blockchain technology and blockchain technology is the building block of all cryptocurrencies in the entire crypto space. In as much that a new crypto coin presents a good solution to a particular problem in the crypto ecosystem,  it adapts blockchain technology  in building its own blockchain network. Once blockchain technology is used, Bitcoin has an influence on that particular crypto coin.

[tenakha]

I have heard about DGB before, it is good in terms of security and transaction speed. But what makes DGB stronger when even projects that are much faster (investigate Nano's speed) and safer than that are looking from the back rows? While the price of thousands of altcoins depends on BTC, do not compare such weaker altcoins with BTC.

[Bonwin]

Ever since I have known  Digibyte, I do not see it as a coin that is in any way a treat or competitor to bitcoin. Whoever says otherwise, is only deceiving himself or trying to get something out , far from the reality. It should be compared with other altcoins, which to me, it is much better and direct.

[Pearls Before Swine]

The simple truth why there are so many hype around bitcoin - it was first. A lot of people think that this is the only one true crypto currency. This is not about tech, this is about status

You don't know how true that is, brother. 

There are lots of coins on the market that work better than bitcoin does, but the fact is that none of them are being used for financial transactions, ie, the buying and selling of things.  They're just used for trading or holding, so speed and cost of transactions just isn't a concern to the people owning them.  Same thing with bitcoin.

So if digibyte has so much to offer that's better than bitcoin, the market will vote on that.  So far it's voted that bitcoin is better.

[batang_bitcoin]

You need more time to know about coins and the status of bitcoin. I've noticed DGB even before the bull run and thought of it to be a great coin. I'm not into technical so it's a plus points for you that you've been considering it but in terms of market ability, I've seen it to become stagnant.
Before and after the bull run, I didn't see anything interesting to it anymore. I admire that it's a good altcoin base on your assumptions but if it's about the profitability and proof, bitcoin takes the lead no matter what point you see.

[CryptopreneurBrainboss]

DigiByte!

I'm not hyping this one. And I love Bitcoin (actually i have stacks of it). I am on the verge of looking something useful. Creating a FUD or Hyping does not help me grow my knowledge.

You opened your thread positively although you should understand bitcoin isn't like your average cryptocurrency, it has been tested over time and has proven itself to be very reliable, dependable and profitable. Concerning your title, judging from the current type of coins in the space, i don't think there's any alternative to bitcoin that can complete and probably replace it in regards to it been used.

The coin you're highlighting isn't worthy of been categories as an alternative, we have coins like Litecoin that is very similar to bitcoin but still can't be classified as an alternative due to it's inferiority to bitcoin.

[Aabcde]

I know the name digibyte since they first appeared. And until now I have not yet found out more about this DGB. In my opinion, to say 'better alternative to bitcoin' is something that requires a meaningful detailed explanation. So if we say digibyte better than bitcoin, even if it's only an alternative, it's still not possible. Because all the factors that refer to 'better' are inherent in bitcoin. Therefore, although there are many coins that are better, faster, but can not release the title 'better' on bitcoin because bitcoin has stuck to the hearts and minds of its fans or community. This is the point, great technology is not enough if the community does not support.

[Getmon]

I guess there are people who are using Digibyte as there are also people using Ethereum, Bitcoin Cash, Ripple, Litecoin, and so many other altcoins. But you cannot blame the rest of the cryptocurrency community if they prefer to use Bitcoin over the altcoins. It is natural that people will use what is being widely used. Bitcoin is much more accepted compared to the DGB or even ETH. And Bitcoin is more trusted. There are even people who do not care at all to altcoins.

[hello_good_sir]

DGB was always designed to be a niche coin for gamers, IIRC?

So in that regard alone I don't think that it even qualifies to be a competitor to bitcoin, because their aims are simply completely different. If you are talking about technology then there are probably a bunch of coins that have better tech in terms of smart contracts and stuff that have been around for a while now, that are way better on that front than BTC.

But that's not the reason why BTC is still so popular and dominant. It's because of its first mover advantage and the fact that a lot of the functionality is unneeded in alts, and that BTC offers the most stability and liquidity as a currency.

[Dmitri Pavarov]

People are creating topic like this every week. The simple truth why there are so many hype around bitcoin - it was first. A lot of people think that this is the only one true crypto currency. This is not about tech, this is about status

And it's about where you can make a lot of money, and that is bitcoin. And it has alot of enigma behind it, Satoshi and some drama behind it.

Yes, Digibyte or any other altcoins there are far better that bitcoin, speed wise, security and scalability. However, most of altcoins are simply being used for pump and dump scheme.

Yeah you can make huge profits on bitcoin, but the main reason for me is the use case scenario which is being able to pay less than 10 mins bitcoin has to offer.

Digitbyte is not decentralized as Bitcoin.
Digitbyte has an owner, have you ever thought about it? Jared Tate.

Digibyte is only faster because it has a 15 second blocktime (instead of 10minuted), which bitcoin decentralized community decided is not good for bitcoin, but Jared think it js.
It is faster also because nobody uses their Network, so it is not congestioned.

Security is crappy also, because it uses pow and bitocin hashing power is much much bigger. This coin could be 51% easily. Bitcoin is resistant against a continental attack, because you need a continental energy to 51% it.

So all in all, if you are only worried about scalability, use visa.

Jared tate is the founder of DGB not owner. "Security is crappy" so far in my 2 days of experience it is quite secured IMO.

Actually it's not about which Cryptocurrency is better. It's obvious that many Cryptocurrencies came after bitcoin which knew what problems it was facing and they obviously tried to solve that problem but this doesn't means people would start using that currency. Bitcoin is popular because it was the first currency in this market. Now obviously with time people could shift them to other platforms but don't expect it to happen over night.

There are altcoins that have better features, such as transaction fees, transaction speeds,etc.

However Bitcoin is the face of cryptocurrency and has the advantage of being the first and most well known.

I feel the same way, in terms of popularity and first to be on space it has gained respect but that doesn't mean we will stick to it as it has some obvious problems. I'm concerned about micropayments from a daily basis and bitcoin just left me thinking to an alternative which i suddenly educate myself what really will a tech has to offer in those problems.



I thanked everyone for participating. I guess majority in the crypto space are still in the 'Gain Game' not until it is regulated by government. So far I love the feedbacks and learn something a lot from it. Have a nice day everyone!