Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: jbreher on December 19, 2015, 01:10:13 AM

Quote from: MinermanNC on December 19, 2015, 12:55:38 AM

Would be an uphill battle for another coin to muscle out BTC.

I agree. It would take a pretty significant advantage for some other coin to capture Bitcoin's market share. I believe the fact that such an XCoin competitor would be usable by people directly due to tps capability, rather than requiring all users to line up behind centralized aggregated access providers required by a 4 tps Bitcoin, may be such an advantage.

Further, once everyone is using these centralized aggregated access providers anyhow, what is the motivation of these centralized actors to continue to use the relatively expensive Bitcoin, rather than the more capable, cheaper XCoin?

That's a good point, we know the banks are looking hard at their own centralized crypto as well as other major developers, but all will have to overcome the image of being centralized as well as provide blockchain integrity of some sort though hashing? I don't know of any other way to support a blockchain. So even with a new coin(s) I still think somehow BTC will be the gold standard of sorts... were as their new more efficient and probably targeted use coins, will convert to BTC... IDK, I'm sure many fall asleep at night wondering about all of this