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

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

Litecoin is faster and presumably has the potential to be equally secure. (I believe.) Wasn't that the test to pass?

Yes and maybe no lol, I think Litecoin is faster in terms of transactions because there is less transactions, and it blocks in 1/4th of the time of BTC... but tends have more orphans etc. from that. Nothing worse than mining for hours only to find the block you hit doesn't pay as it was orphaned Shocked

and again, is a fork of BTC, albeit a great coin