Quote from: jimbo2000 on December 14, 2018, 07:37:07 PM

Quote from: deisik on December 13, 2018, 04:35:24 PM

Quote from: jimbo2000 on December 13, 2018, 09:46:58 AM

Quote from: deisik on December 12, 2018, 07:34:21 PM

In a few years there'll only one Bitcoin. Only one should prevail and we all know which one it will be

Agree entirely that only one should prevail, and only one might end up being relevant but I doubt the others will just disappear, they'll always be hanging around in bitcoin's shadow and stealing away any attention and money that they can.

I tend to disagree with this view

Though I understand your reasoning (and where it fails). Basically, you assume that things will go on as before (which is kind of natural assumption). But they won't. During the dotcom era there were many thousands of startups which were all fake and bogus, just like the majority of shitcoins today and yesterday. They are all long gone, and only a few valid and legit ones have survived (think Amazon here). In a nutshell, I expect all these coins to be gone in a couple of years. Technically, they may not be gone as in delisted from everywhere and abandoned altogether, but they will definitely be no longer relevant in the sense you mean it. Bitcoin is a survivor, Litecoin is a survivor, even fuckin' Dogecoin is a survivor, but the rest of the pack are not going to make it

aha, actually I agree with everything you've said. I think our only difference was in timing or interpretation of 'a few years'. I think the scenario you described will almost certainly happen, but I don't think we'll see real change for at least 5-10 years, potentially more. Though I hope you're right and it's sooner rather than later.

It seems like we are already there

So we don't have to wait a few years or 5-10 years. We just need to wait before Bitcoin rebounds strongly which will be universally considered "second coming". And then we will see who has been swimming naked. I expect the majority of altcoins (otherwise known as shitcoins) to mostly remain where they are, apart from maybe a few mostly futile attempts at a quick pump-and-dump fraud. But as they say, once bitten twice shy, so people who desperately hold these coins will be happy to dump them instantly once and for all whenever an opportunity presents itself. Numerically, that would mean further expansion of Bitcoin's share in the total cap of the cryptocurrency market. This metric is to follow closely (even if it is mostly bogus in and of itself)