Post
Topic
Board Altcoin Discussion
Re: ETH really becoming a new BTC
by
toknormal
on 21/03/2016, 13:00:32 UTC

- there are too many alternatives and one of them will get it right.

What exactly will they "get right" ?

Blockchain performance ? Anti-asic algo ? Turing completeness ? Tunnel the Great Latency-Wall of China ? The right nerd at the helm ? Multi-million dollar investments ? Support for trunk-transport payment and spam mitigation ?

All of these things and more have already been "got right" a hundred times with the flotilla of altcoins that has come our way over the last 3 years. I don't know when you started to be involved in this scene but some of us have been watching for several years for someone to "get it right" and the only one we see doing it monetarily is bitcoin.

Consider this. To become a new monetary reserve in the cryptocurrency sector, "getting it right" means surviving the rights of passage phase for 7 years with a marketcap that dominates all others. Getting ALL exchanges to denominate in your units. Getting a couple of hundred billion to de-invest and re-invest in an entire new technological base and customer sector, and getting $6 billion worth of holdings to do likeways.

Matching bitcoin for marketcap doesn't cut it. It would be a 10-year uphill job from here if it was even on the cards and there's no competitor in sight thats out of the foothills.