Post
Topic
Board Bitcoin Discussion
Re: Coinbase CEO: bitcoin is far ahead! Altcoins are distractions!
by
Daedelus
on 26/03/2015, 13:58:23 UTC
Altcoins are basically useless except for demonstrating/testing out new ideas or perhaps as a fork if Bitcoin got too corrupted.
at this moment, the only use any altcoin out there has is just to put money in a few people's pockets. if you see the price change of any altcoin, you can see lots and lots of pumps and dumps which a few people are getting rich by.

Most the use of most altcoins is indeed to make money to a small number of people.

If an altcoin truly had an innovative feature, I am sure it will get adopted in Bitcoin as well.

You would never hear of it anyway, the mods ensure anything that isn't bitcoin (even good stuff like distributed computing) is swept under the rug and the forums sanitized. Add the mood music of "all altcoins are scams" and subliminal ignorance is the order of the day.