Post
Topic
Board Altcoin Discussion
Re: Are altcoins practically useful at all, or is it just BitCoins?
by
btguydude
on 18/12/2015, 14:20:14 UTC
15 wallets ? .. that is cute LOL
I deleted most of mine when i broke 14 gigs.

And anon coins will never work so your chasing a gimmick that is a fallacy.

Not only that but the outside world will be less likely to adopt coins that can be tracked.
Banks for example do not want to support hiding transactions from Silk Road guys.
Anon bullshit will do nothing but attract a stupid naive minority here that know shit all about security.
And turn off the outside world (ranging from Grandma to banks)

Bitcoin tracking has gotten people their money back after crimes.
There is a reason there is lots of US Federal laws with money.
There is reasons why you give your ID to exchanges.

Your Dash or Monero etc are going no where.

Privacy is possible except right now you have to go to far lengths to get it. And I don't care about the US, I'm not from there and I'm glad I'm not.

I still think it's possible to use it.

I wonder, how does something like BitCoin work when you're buying at say amazon, how do they count tax and all that for businesses? Do they just report it as normal income in USD?

You could do the same with something like Monero if your business was to accept them, I don't see why not.

9 out of 10 ISIS terrorists prefere Greenbacks for their weapon delivery payments.

So yes indeed, privacy coins are somewhat "out". Probably not even surveilance costs of the crypto sphere are justified anymore from a budget perspective. It's Tax Money.

We can debate the need for surveilance in general and the invasion of privacy by the US government, but that's offtopic.

Most of the altcoins are not useful and they are clones of bitcoin.
Why would I use the other altcoins when I can just use bitcoin?

For privacy, for example. And security.

There's absolutely no use for altcoins except to provide some different way to do things that Bitcoin may or not adopt. 90% are scams too, 100% are easily manipulated so the market itself is a joke. You can make money of course if you have some inside tips.

As for the future, don't fool yourself with nice talk and features, you can make money trading but there's more chance you hit the lottery than to ride one of these projects "to the moon".

Well, I'm not looking to trade, I'm looking to accept coins that encourage privacy however. For legal stuff of course. That's the only thing I'm interested.

Otherwise, it's all completely useless. Including BitCoins. They are useless because the idea was crypto, and it's not crypto. Better to just accept euros or dollars and be done with it, the way I see it. Unless it's actually private and secure like Monero and similar coins.