@dinofelis, sorry to bury your excellent posts, but I think this deserves a response...
No because:
1. Some of them will be profiting on the rise of these other altcoins. Please understand that John Nash designed the game theory of Bitcoin such that consensus is impossible.
2. Because Bitcoin will always be the reserve currency of unregulated speculation, so Bitcoin doesn't give a fuck about payments and other features:
After thinking about this more...
Certainly, after the "powers that be" see the biggest alts gaining ground on Bitcoin (as far as utility, transactions, and market cap), which they already are, eventually both sides will come to the bargaining table and compromise, no? It may be a while though until they "see the light" so to speak. It looks like "alt coin mania" will continue for now until they do.
Certainly, after the "powers that be" see the biggest alts gaining ground on Bitcoin (as far as utility, transactions, and market cap), which they already are, eventually both sides will come to the bargaining table and compromise, no? It may be a while though until they "see the light" so to speak. It looks like "alt coin mania" will continue for now until they do.
No because:
1. Some of them will be profiting on the rise of these other altcoins. Please understand that John Nash designed the game theory of Bitcoin such that consensus is impossible.
2. Because Bitcoin will always be the reserve currency of unregulated speculation, so Bitcoin doesn't give a fuck about payments and other features:
I wrote something in private that I wanted to share, so I decided to stick it here.
Quote from: iamnotback
To win against Bitcoin, an altcoin must have something other (and more significant) than just speculation. Bitcoin will always parasite on all speculation in the overall blockchain speculation ecosystem even its marketcap is less than 50% of the ecosystem (as long as it is the largest).
Evidence:
Evidence:
as a trader i like the mess and the drama 