Post
Topic
Board Altcoin Discussion
Re: Could Monero replace Bitcoin soon?
by
bbc.reporter
on 04/09/2016, 00:42:57 UTC
@owlcatz. Yes the gui sounds good but what Monero needs is a good light wallet and a web wallet that is provided by a third party. If third party developers from bitcoin will crossover to Monero then that would be a sign that the XMR blockchain will be a fomidable one beating all the others for the title of potential replacement for bitcoin. We all thought it was litecoin.

There already is a great web wallet - https://mymonero.com/#/

The thing about this coin is it's privacy features. It's not a BTC clone, the code is completely different. It's not out to "beat" BTC, it's just a new coin altogether, it's about true fungibility, and optional privacy. You don't walk around with your wallet open to see how much $ you have in it do you? Same with Monero.

Yes that web wallet is good enough but you do not get my point. It is important the 3rd party developers and companies must create 3rd party software for Monero. When more and more 3rd party software and services are being created, we could see that there is interest from outside the Monero development team to create a whole new ecosystem. Bitcoin started this way. After the darknet market acceptance the 3rd party developers are needed to walk on the road of success.