Quote from: niothor on June 17, 2014, 01:31:01 AM

Quote from: IPCoinz on June 17, 2014, 01:26:31 AM

Quote from: niothor on June 16, 2014, 07:28:21 PM

Quote from: Jason9908 on June 16, 2014, 10:41:14 AM

niothor
If you like what you said,BTC(NYC) is not unique,why many people accept BTC, BTC sell $600 - $1200 or many,People can create another BTC, Why?

Because you can't replace or create bitstamp btc-e bitpay or coinbase out of the blue.
You can't get 50 000 daily transactions on a new coin.

Bitcoin has the popularity and no other coin can't currently compete with it.

Nyc has none of the above , that's why a clone can easily match it.

I would never expect to replace bitcoin, unless of course something happens that causes people to lose faith in that network. This risk will preserve the need to have altcoins. Altcoins and parallel blockchains will always exist to hedge against exposure to risk in bitcoin. Then the only question is how usable are the next best bitcoin alternatives. Not everyone cares about anonymity. And bitcoin is expensive. There is the simple psychological factor that people will want to conduct daily transactions in small integers, like four coins for a burger, not .0099000.

But bitcoin will catch on fast in NYC. Demand for some altcoins will be strong.

My point is was why a bitcoin clone will fail but a nyc clone would have the same chances of success.
Because right now nyc has 0 strong points.

Also altcoins are not a hedge against bitcoin price.
Because bc/doge/primecoin/darkcoin prices are measured in btc they all go down with the ship , and even faster sometimes.

About the high value of btc...
Wait till you will buy a coffee with 10 satoshi... that would be easy , right?

You will never be able to buy a cup of coffee with BTC. The transaction takes 40+ minutes to confirm. BTC will be used for money transfer, online payments, etc. NYC has a huge advantage over BTC because transaction confirmations take only 2 minutes. That is a huge advantage that BTC will never be able to overcome. BTC is 5+ years old and has tons more services, infrastructure, acceptance, support, etc. NYC is only 3 months old and has a built-in security and technical advantage. MUCH FASTER TRANSACTION CONFIRMATIONS.