Post
Topic
Board Altcoin Discussion
Re: Devcoin
by
Luckybit
on 28/05/2013, 20:03:02 UTC
I disagree with you. I think there are plenty of Bitcoins. You aren't entitled to a whole Bitcoin any more than you are entitled to a million dollars. Go earn more if you want more than what you started with. We can blame Bitcoin only for not having the infrastructure to allow us to earn more, but I don't think we need more total Bitcoins. If you work and earn more Bitcoins then you can get more and that is all that is sufficient for me at least.
How can you disagree with me, I was referencing your quote. If there are plenty of bitcoins then why are there litecoins, ppcoins etc, and then why do you assign value to them? Or to put it another way, do you really believe that bitcoiners have taken up a struggle against the political distribution system, but that nobody else will take up the struggle against the bitcoin distribution system?

As I said before, the purpose of PPcoin isn't to be like Bitcoin but to be something better. It's got better security, it's more energy efficient, it's potentially more deflationary. PPcoin is just a better idea, but whether or not it can work is up for grabs. Litecoin on the other hand exists as it does because of a design flaw in Bitcoin where if everyone tried to use Bitcoin for micro-transactions there would be all kinds of problems with it, and also the fact that because it requires so many confirmations that perhaps Bitcoin is too secure for adoption. I don't believe Litecoin will last because it's not better than Bitcoin as a technology and is mainly just hyped up because it appeals to GPU miners, but the community likes Litecoins so I will have to support it for now.

That being said, it's about cryptocurrencies and not Bitcoin in specific. Bitcoin is the first but it wont be the best technology. This means if someone didn't get in on Bitcoin as an early adopter they'll probably get in on the successor. Those who are late to cryptocurrencies in general will be the ones who are unlucky.

No I don't believe only Bitcoiners are taking it to the political distribution system. Anyone who is locked out of the system will have incentive to find alternative survival strategies and lifestyles. Considering how many young people are without jobs and without hope of surviving in the current system as it is, either the current system has to be changed by the young jobless or the young jobless will not survive. For that reason there will be a lot of young people adopting cryptocurrencies as a way to survive the unsustainable political based economy.