Altcoins, tokens, blockchains...
... if bitcoin really takes off I can see lots of get-rich-quick imitators coming on the scene: gitcoin, nitcoin, witcoin, titcoin, shitcoin... Some of them are sure to attract users with promises like "Why use bitcoin, where you can only generate 50 bitcoins every few months? Use shitcoin instead, and you'll get 51 shitcoins every 2 minutes".
Of course the cheap imitators will disappear as quickly as those 1990s "internet currencies" like
flooz and
beenz, but lots of people will get burned along the way.
Note the date
The objective of this thread is to keep track of the death of altcoins. My plan is to study how and why they die. I'll be updating the entries, and posting more complete notes next to each of these as I investigate and learn things. ...
He went on to list ~1000 dead coins even then.
If someone finds an efficiency or security protocol innovation I think it would be integrated into bitcoin. Almost anything can be integrated, worst case by importing bitcoins utxo into a v2 protocol and new network. This is why I don't think feature coins have a long term value.[ 4 Jul 2018 ]
Note the 'If'.