Bitcoin + Litecoin = Nokia ?

[dewdeded]

I go with:

Blockchain technology is:        network interface
Crypto-Finance is:                  IP
Cryptop-Currency is:              TCP/IP
Bitcoin (as a technology) is:    HTTP
Bitcoin Companies then are like Altavia, MySpace, Friendster, Google, ...

Bitcoin can be replaced by HTTPs and SDPY medium term, but some people will stick to HTTP, so it wont be gone 100%

LTC is nothing and has no future

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[slaveforanunnak1]

vertcoin = google in 98

[dowsey14]

vertcoin = google in 98

Vertcoin might be Google in 1998.

Or Darkcoin might be...Or Quarkcoin might be.

Time will tell.

[Endgame]

Bitcoin as a technology is protected by its strong network effect and the collective faith of everyone involved in this industry. To be replaced would require a vastly better technology to be developed, with features Bitcoin was unable to replicate. This may happen one day but probably not for a long time.

[ashapasa]

Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

No the underlying concept is the technology, bitcoin is just a brand like nokia.

[El Dude]

I go with:

Blockchain technology is:        network interface
Crypto-Finance is:                  IP
Cryptop-Currency is:              TCP/IP
Bitcoin (as a technology) is:    HTTP
Bitcoin Companies then are like Altavia, MySpace, Friendster, Google, ...

Bitcoin can be replaced by HTTPs and SDPY medium term, but some people will stick to HTTP, so it wont be gone 100%

LTC is nothing and has no future

yup nobody cares what you think.

[drrussellshane]

Oh hold on: Dick York, Dick Sargent, Sergeant York... Wow, that's weird.

Hahahaha.

The internet is a fun place.

[btcpay86]

Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

So what is Litecoin or any other alt?
There can't me multiple technologies all serving the same purpose.
Bitcoins concept is the technology. It's being used by other cryptos though.
Only a few can dominate and all I'm saying is that could bitcoin be overtaken by something it indirectly created?

Bitcoin is TCP/IP, LTC is UDP, other altcoins are other protocol.

95% of internet transmissions use TCP/IP, 5% use UDP, other protocols are basically not use.

A protocol is a technology that can be easily amended and improved, but it's also a technology which derived its usefulness from the number of machines using it. Even if you create something vastly better than TCP/IP for conveying data to other computer, good luck trying to overcome TCP/IP which is used basically by every computer on the planet.

i think so.

[farlack]

Bitcoin != Nokia

Paypal = Nokia

While bitcoin may not be a Nokia, it sure as heck could become a blackberry if it doesn't evolve.

I'm puzzled as to how the core BTC team sees Bitcoin working for most transactions. Last I checked I didn't have to wait 10 minutes at a convenience store for my Visa to pre-auth.

Many altcoins (Litecoin included) try to address this slow confirmation timeframe.

As it currently is, a Bitcoin is a better ACH not a better Visa.

The thing is you don't.
The chance you can double spend with a cellphone is almost none.

It's no different than giving a counterfeit bill, gas stations don't close shop because they might get a fake bill do they?
No, you just look at the transaction time, then the camera, then bust the one in a million guy who can double spend and send him to jail for theft.

[txbt]

Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a f***g technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

Because today most of the people know just about currency like in the old days Internet was equal with email to many people (for some even today). It's not their "fault".

[chmod755]

- Bitcoin and Litecoin are not companies

- I will definitely consider buying a Nokia phone if they're offering a phone that is running free software (I just returned a Nexus 5  and my experience with Apple products was more than just disappointing)

[dewdeded]

Wat? Nokia once owned Trolltech (Qt Development Framework) and was founder/owner of once widly used Symbian OS (which is also open source).