Quote from: kkaspar on February 27, 2014, 07:57:04 PM

Quote from: empowering on February 27, 2014, 07:36:07 PM

Quote from: kkaspar on February 27, 2014, 07:25:20 PM

Quote from: empowering on February 27, 2014, 02:13:04 PM

I was wondering if you would say that...so in a year, or two a currency that does not even exist yet, is going to be created, launched, mined, gain popularity and out-trade Bitcoin in the next 52 to 104 weeks, a coin that literally does not exist now.. interesting thought...

What will it do that will make it able to grow this fast and this well that any coins cannot do at present? and even if it is a great coin, can you explain how you think it will grow the network in such a rapid time?

Remember how fast bitcoin did it. And with less attention to the entire subject. Bitcoin has paved the way and now people take the entire idea more seriously.

How long Bitcoin did it in , so 5 plus years then (we do not know how long Satoshi worked to create the code/concept/features and test it before 2009)?
So lets call it 6 years... maybe more...

Bitcoin was already trusted in around 2011. Mainly in a drug community, but still.
The new currency needs security and a more user-friendly usability. The attention will come quickly because there is already a lot of attention on the subject. Bitcoin had to catch the attention on the entire subject itself. If a crypto emerges with better qualities, then people will start jumping cryptos fast. It's the nature of products that are supported mostly by hype. Support from hype is a fragile thing because people will get amazed by new alternatives very quickly. I think that doggecoin perfectly showed the nature of bitcoin. You don't even need a better quality product and simplistic lowbrow hype was all it needed to become quite popular.

It was launched in 2009, your "trust" estimate is hardly quantifiable.. and now all of the coins have another element to slow them down "competition"
so the road you describe is not as simple as you make out.... and Dogecoin is still no where near as big at Bitcoin, and if you somehow think that it
will manage to overcome problems that you see in Bitcoin then I would like to know why, as I see problems coming for Doge, partly because it is a immature network. Besides we are not talking "become popular" you are saying get bigger than Bitcoin with 1 year or 2 , and it will be a superior coin, and that is does not exist yet... I am not refuting you outright... I am asking you to describe the birth and journey of this coin and what will make it what you say.

Also it is one thing to say that you can innovate a new coin, with superior features, that will appeal to people, but another to actually do it...

Writing, coding, testing, creating these special Bitcoin beating features you propose is all going to take time (I mean do you know what these features are? can you list some of them) as is getting miners onboard, and then reaching the network size of the BTC, unless they come up with a way to make a huge network spring up overnight.

I think there is going to be competition, and there will be "more than one"

But your timeframe of another coin reaching the network size, the marketcap, merchant use, public awareness etc of one to two years is tight...not impossible but tight... as in we must surely be seeing this coin be born anyday now?

Please do keep me posted, I would be very interested to know about this coin as soon as it appears!

I think while you feel others overestimate the importance of the head start and network headstart of BTC, I think you are underestimating it, as I have said I do believe there will be competition, so I am not flat out not in agreement, but I guess the next coin, the one that take its rightful place where Ripple is now, will be half the marketcap of BTC in one years time... if it is lucky...