Post
Topic
Board Bitcoin Discussion
Re: Why are so many devoted to Bitcoin vs other cryptos?
by
Realist247
on 14/12/2017, 09:47:27 UTC
Even some merchants and vendors have dumped Bitcoin in favor of other cryptos.  Most know of the STEAM example.

they stopped accepting bitcoin but not for other cryptos, they are not foolish enough to add another altcoin that nobody even uses. it is not worth the hassle.
and in case you missed it, steam was using bitpay to accept bitcoin payments and bitpay doesn't accept any other altcoin so that is a no no right there Smiley

besides I would love to hear your thoughts. for example what altcoin do you suggest we start using? and please explain why and also how that altcoin has solved the scaling issue of bitcoin?

Well a few days ago, back when it was $130 per coin I recommended LTC.  It's now over $300 a few days later.  The reason I like it is because it is basically a Bitcoin clone that has integrated more scalability at the outset.  I also like the lead developer who has a good reputation.  In contrast, one of the things I've never liked about Bitcoin from many years ago when I first learned about it was that it was developed probably by a group that claimed to be a single individual...and they've completely disappeared, leaving a custodian to manage it.  This raised many red flags with me.  I was actually following Litecoin for a few months before I actually wrote it out as something to buy.  The reason I started really paying attention to it was after seeing the fees and transaction delays spiral out of control with the last run-up of $9000 of Bitcoin.  The fact that Steam dropped Bitcoin and started accepting LTC added a lot of potential in my mind.  Personally I believe that Litecoin won't see scaling problems even if it becomes much larger than BTC.  I don't know how long that can continue but that's really up to their development team.  I know that people on this thread won't like to hear it but I think LTC can supplant BTC as the leader if BTC doesn't get its act together.

The other coins that I like, now more than ever, are Dash and Bitcoin Cash.  Now that BTC is having the problems that it is having, suddenly BCH seems like the logical successor...the coin that follows in the spirit of the original white paper.  Dash is fast and private.  I don't understand it as well as the other coins but from what I've read it seems attractive.

Overall I still don't understand the blind loyalty to BTC.  Those who built it made their money and are probably long gone.  If people know anything about history they'd understand that in the early adoption phase the vast majority of the market is open to options.  Too many people on these forums treat Bitcoin like a cult that cannot be questioned.  Not only is this attitude reckless but it almost always ends badly from a historical point of view.  This is supposed to be a forum for discussion and debate of opposing points of view....where people can come up with new ideas and new ways of looking at things so they can evolve and adapt.  Instead here we have nearly a fundamentalist religion that acts like a cult that just discusses the same things over and over with threads that reach into the hundreds of pages where nothing original is said and the OP stopped replying literally years ago.  That is not what a discussion forum is meant to be...just like BTC is not behaving the way most people understood it for most of its existence.