Quote from: traderCJ on January 06, 2014, 05:29:10 AM

The truth is that these alt coins are really only as useful as their adoption rate. In the long run, this adoption rate will be 0. None of them offer enough to surpass the infrastructure and hype surrounding Bitcoin. Also, the flood of altcoins will only get worse. It will dilute the market and make them all equally worthless over the long run. Miners will simply migrate from scumcoin to scumcoin to maximize profits. Thus, their support infrastructure is merely an illusion. I think this is a good thing .. good riddance. Only a few unrealistic investors actually believe is here to stay. This is all just a scheme for speculators like me to make profits while the making is good and enrich some coin developers. Sorry guys. That being said, alt coins will never die, because people love to gamble. But that's all it will become .. pure gambling in hopes of catching a pump and dump before everyone else does. Might as well put $2000 on red.

Bitcoin's block chain scalability is questionable. It is not fast and scalable enough technically. Can it be a single point of failure when it becomes more popular? It is too risky to rely on a single block chain (simply put, a single bank for the whole world) for payments. I think that the world needs 2 or 3 block chains (altcoins) to spread the work load or risk