Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is dead, time for altcoins to rise up and take its place
by
Yakamoto
on 15/01/2016, 16:39:19 UTC
Bitcoin was a nice 1.0 project but apparently wrecked by the devs who have proven themselves to be incapable of handling the bitcoin project. Many altcoins have learnt from their mistakes, could this be the turning point in which bitcoin becomes just another altcoin and the altcoins will rise up and take away the market cap that belonged to bitcoin?  Smiley

It's not going to happen because they are all cheap copies of Bitcoin and Bitcoin is original & because the price is falling doesn't mean that Bitcoin is dying .

Yeah but take DigiByte for example, way more secure, can handle more transactions and has some other innovations...Like I love(d) bitcoin but if the devs prove themselves to be ineffecient and incapable, then naturally altcoins will rise up and take its place? Unless ofcourse the devs get together and start focusing on expansion and implement some serious changes...

Its not a problem really , I mean that's why Bitcoin is open source on the first place , It can be improved and It will be over the years. Developers are indeed taking some time but they will eventually get there .

But the devs act careless in my opinion, not realising that competition is out there waiting to take their place....
Competition exists in every aspect of Bitcoin, but the difference is that Altcoins will not replace Bitcoin anytime soon. This is because during the Altcoin boom of late 2014 and early 2015, altcoins destroyed their reputation due to the sheer number of pump and dump coins going around. The altcoins that did pull through typically had a smaller user base than they did before, and also had reduced value.

If altcoins never had the boom and bust, there would likely be more people willing to change cryptos. But that is extremely difficult now, since Bitcoin is the only real crypto that has value.