Quote from: friends1980 on February 28, 2018, 06:39:13 PM

Quote from: QuestionAuthority on January 26, 2018, 02:56:11 PM

I dont have much Merit to give but Im going to give it up until its all gone. Im not sure if this is the right section for this thread because Im not really selling anything. Its about accounts so Ill just leave it here until someone decides to move it. I dont know if this is wrong to do. I dont care if I get negative trust for doing this because I dont buy anything here, sell anything here, join signature campaigns or post routinely in threads that even show the trust rating. Essentially I dont make money here so I dont use trust anyway.

I felt sorry for SOME of the members that posted in the merit thread. They seemed to be fairly articulate, fairly knowledgeable, rational and really trying to be members of this group of dreamers (community).

(...)

Your thread and comments have been turning in my head in the last day QA (don't worry, I am not planning to build a shrine for you).

I've clearly understood and agree to you that Bitcoin is the king of all cryptocoins and then I am especially and specifically talking about a method to decentralize payments. But is there no other coin to you with at least a respectable second place? In terms of speculation and payment (Litecoin?) or in terms of importance to "the Blockchain" as a concept (Ethereum?), I mean.

Let me refrain my question like this, to make it more fun: in your opinion, doesn't the king of all cryptocoins have a queen, a daughter, a son and a dog?

Its not that I dont see the value of other currency designs. I understand Ripple. Its perfect for banks. It can help banks maintain their superiority in the market and help them keep crushing the little guy at every turn. I understand the desire for a truly anonymous currency. While I wouldnt use it, many people could achieve a higher level of freedom using one of those coins. I even see the appeal in pump n dump coins. Who wouldnt want to be the early adopter that gets rich. Litecoin could be perfect for certain low cost applications like buying coffee. When I lived in Europe many years ago I routinely kept several different currencies in my pocket because I lived in a border town and may cross several borders in a day. Asking average people to use two complicated cryptocurrencies for different transaction types is just asking too much.

If we were talking about a new efficient type of light bulb in a world where everyone owns a light bulb it wouldnt matter how much competition there is because almost everyone in the world is a potential user/customer. Cryptocurrency does not fit into that broad category of usage. There is a very small finite number of people willing to jump through the hoops necessary to use any cryptocurrency. Bitcoin is already established and time tested. It has faults that can be corrected without chucking out the whole system and starting over. Bitcoin is a financial product just like any other financial product. It has lots of competition already without members of this community creating more. As an average guy, I need to decide that Im going to use Bitcoin instead of PayPal, Amazon Payments, ApplePay, Alipay, Dwolla, Payoneer or any one of dozens more. Once Ive decided on cryptocurrency, now I have to decide on which one. Do I use Bitcoin, Bitcoin Cash, Bitcoin Gold, Litecoin and on and on. Why are we, the people that supposedly support cryptocurrency, creating more confusion for the average financial instrument customer? Are we trying to keep cryptocurrency from ever becoming mainstream? It just makes no logical sense to me.