Why Bitcoin and Not a better improved crypto?

[LewiesMan]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

[dothebeats]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

That is what you think, apart from what is the reality. In the first place, why bitcoin?

There plenty of things why people tend to choose bitcoin other than different payment systems. Maybe the most important of it is the decentralized concept; the transaction fee (which is the lowest among other payment processors); The anonymity it offers to the users; and the concept of no double-spending and irreversible transactions.

[neurotypical]

Because Bitcoin is the original one and has the network effect and we don't need a new unnecessary coin.

[dothebeats]

too many new crypto's are pump & dump/premines.

This is completely true. Most of the newly-created altcoins are p&d pre-mines that end up being a scam and an attempt to end up getting money out of people.

So far though.. Altcoins have been complete failures.

I second this.

[dothebeats]

Because Bitcoin is the original one and has the network effect and we don't need a new unnecessary coin.

What do you mean by the original one? Are you aware that there have been numerous predecessors to bitcoin?

[koelen3]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

So far they have been failure then why do you suppose any other will succeed though i doubt any such alt will exist but if it does it will be great to be a part of it

[dothebeats]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

So far they have been failure then why do you suppose any other will succeed though i doubt any such alt will exist but if it does it will be great to be a part of it

There might be an interesting and a far greater candidate of the future digital currency other than bitcoin in the coming years but bitcoin is far too complex and too genius to be succeeded. No one knows what the future holds, but I'm pretty sure that bitcoin will hold the number 1 spot as the world's greatest digital currency for a long time.

[koelen3]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

So far they have been failure then why do you suppose any other will succeed though i doubt any such alt will exist but if it does it will be great to be a part of it

There might be an interesting and a far greater candidate of the future digital currency other than bitcoin in the coming years but bitcoin is far too complex and too genius to be succeeded. No one knows what the future holds, but I'm pretty sure that bitcoin will hold the number 1 spot as the world's greatest digital currency for a long time.

Bitcoin was too genius and complex , with all the noob-friendly posts and easy to use exchange's and wallet , it's easy

[LewiesMan]

No, the payment system is being built on Bitcoin, without an anonymous creator there will be plenty of trash and threats to the creator, too many new crypto's are pump & dump/premines. Bitcoin is viable and for anything like micro transactions or lower fees for third world nations Litecoin can take of that.

Then how about a new crypto but with an anonymous creator?

[pedrog]

New software, new bugs, new testing, weak infrastructure.

If an altcoin is going to pass bitcoin adoption it will take years, not just for public awareness of said coin but it also has to pass the test of time and prove to be secure and reliable.

[R2D221]

Because Bitcoin is the original one and has the network effect and we don't need a new unnecessary coin.

What do you mean by the original one? Are you aware that there have been numerous predecessors to bitcoin?

It's the first one to include a blockchain as core part of the protocol. The blockchain is Bitcoin's invention.

[mlferro]

too many new crypto's are pump & dump/premines.

This is completely true. Most of the newly-created altcoins are p&d pre-mines that end up being a scam and an attempt to end up getting money out of people.

So far though.. Altcoins have been complete failures.

I second this.

I fully agree. All summed up in a nutshell.

[ajareselde]

I think that a new crypto will be developed and people will use it rather than bitcoin.

So far though.. Altcoins have been complete failures.

makes no sence doing this, since bitcoin can change and evolve to satosfy any need that may be necesary in the future..
furthermore, you would have to build up a brand from zero, invest in an infrastructure, gain trust, that allways present 99 possible bugs in the code..
and ofcourse altcoins are all failures, they are a bad bitcoin ripoffs, but some will try hard to proove you otherwise due to ...reasons..

cheers

[darkota]

No, the payment system is being built on Bitcoin, without an anonymous creator there will be plenty of trash and threats to the creator, too many new crypto's are pump & dump/premines. Bitcoin is viable and for anything like micro transactions or lower fees for third world nations Litecoin can take of that.

That makes no sense. Gavin Anderson, etc etc, are not anonymous, and to be honest, they contributed more to Bitcoin core than satoshi did orignally(Satoshi created this ingenius thing tho!). If anything, having an anonymous creator is bad for a coin.

Litecoin cant handle microtransactions or anything at all really, anymore than bitcoin can(its just a bitcoin clone). Its a failed coin.

[monkeygang]

Do yourselves a favor. Look into NAVajo truly anonymous.. which is what bitcoin should be. Long term coin, dev team is bannanas.. Dont say I never gave the heads up guys..

[HarmonLi]

Bitcoin has the first-mover advantage. Other coins may be slightly better or offer some more interesting features, but that doesn't matter. Someone explained it this way: If Bitcoin offers 80% advantage or innovation over regular financial technologies, other coins may offer 80.1% which isn't enough to compensate for the broad adoption Bitcoin already has. The key to this may be sidechains!

[monkeygang]

Your a sidechain!

just kidding/ bored

[Kazimir]

Because anything that would make another crypto "better", can also be integrated in Bitcoin. So we'd have the same improvement or advantage in Bitcoin, AND the market size, economic volume, global acceptance, software ecosystem and user base of Bitcoin which is 1000× larger than any other crypto.

Bitcoin still being developed and improved, it's not even 1.0 yet. No need for another crypto whatsoever.

[Come-from-Beyond]

Then how about a new crypto but with an anonymous creator?

Peercoin was created by an anonymous creator, Nxt, Qora...

[skinnyboy]

The key to this may be sidechains!

^^^THIS.