Quote from: Lauda on September 19, 2016, 11:57:40 PM

Quote from: VeritasSapere on September 19, 2016, 11:52:12 PM

Secondly, Bitcoin is stagnating technologically, when compared to the alternative cryptocurrencies.

No, that's definitely a false statement. Bitcoin has the most advanced and developed protocol. Most of the shitcoins haven't even patched up the security exploits up until the latest versions.

I find this statement rather amusing, I hope you do realize that a clone of Bitcoin is considered not be innovative at all within the altcoin world, that should tell you something, any altcoin that is worth anything improves on Bitcoin in some way.

I suppose you can keep telling your self that 10min block times and a one megabyte blocksize limit with a transparent blockchain are the perfect parameters, this is Bitcoin maximilism I suppose, it would be healthier to at least acknowledge the innovation that is occurring in the altcoin space.

Quote from: Lauda on September 19, 2016, 11:57:40 PM

Quote from: VeritasSapere on September 19, 2016, 11:52:12 PM

Thirdly as I proved earlier in this post Bitcoin has been losing market share steadily over the last two years, while the altcoin market cap is growing consistently.

That doesn't matter since the market cap of Bitcoin has been growing. It has been the highest it's even been since early 2014. Besides, we all know who's behind the altcoin pumping schemes. Hint: The last name starts with a "V". Roll Eyes

You can joke all you want, but Bitcoin is still losing market share to the alternative cryptocurrencies and that is a fact.

Quote from: Lauda on September 19, 2016, 11:57:40 PM

Quote from: VeritasSapere on September 19, 2016, 11:52:12 PM

I can give you many examples, and I support all three of the projects I just mentioned, I could go into defending each of them on their merits, but I am busy enough attempting to defend the original principles of Bitcoin here on this forum.

You can say why you like them, or why they may be good but you can't change any of the things that I've said because they're facts. There's no need to sugar-coat it.

Most of your critisisms of these cryptocurrencies are not facts but opinions, I will prove that you now:

Quote from: Lauda on September 19, 2016, 11:44:36 PM

Dash has a very shady history behind it

I am familiar with the history of Dash, I do not consider it to fundementally undermine the currency of Dash today. I can agree that the history is "shady" but whether that effects the viability of the currency today is again an opinion.

Quote from: Lauda on September 19, 2016, 11:44:36 PM

ETH is neither a immutable, censorship resistant nor decentralized.

This statement is just not true, at least not in the way that I suspect you mean it. I supported the ETH hard fork, and I am actually more bullish now then I was before on ETH. First of all in terms of its "immutability" and censorship resistance it is no different to Bitcoin in terms of normal blockchain transactions, it is equally immutable and censorship resistant, it is equally difficult to roll back transactions on Bitcoin compared to Ethereum, a state change to the contract layer is different to actually rolling back transactions on the blockchain, I have noticed many Bitcoiners equate these two things as if they where the same thing, it is not, this is mostly likely because they are thinking of this event in Bitcoin terms when there are some very important differences in the design. It was only possible to return peoples funds because it existed within a smart contract, something that would not even be possible within Bitcoin.

Arguably Ethereum is presently more decentralized then Bitcoin because it uses an ASIC resistant mining algorithm.

Maybe it is best not to get into a full discussion of the pros and cons of these events and of the design of Ethereum and Bitcoin, but as proof of work blockchains their governance, and transaction immutability are actually identical on a technical level at least. So my point is that your opinion on these altcoins are an opinion and not a fact.

Quote from: Lauda on September 19, 2016, 11:44:36 PM

Monero will likely end up being illegal if it picks up.

Monero will become illegal if it picks up, and you know this as a fact? Again I would argue that this is just an opinion, this is classic Bitcoin maximalism, completely disregarding and not taking the competition into account at all, even being dismissive of their achievements and innovations.

Quote from: Lauda on September 19, 2016, 11:44:36 PM

Don't even get my started on the transaction volume on those chains. Anything else?

The transaction volume on these chains is obviously much lower, but the transactional capacity of these chains is much much higher. It seems like a strange argument to use against these altcoins when Bitcoins transaction volume is presently restricted, which means one of these altcoins could easily overtake the transaction volume of Bitcoin one day, as long as Bitcoins transaction volume remains restricted.