Post
Topic
Board Bitcoin Discussion
Re: Predictions : Mining of new bitcoins stops tommorow
by
Beliathon
on 07/09/2014, 16:08:48 UTC
That was my first thought, however since bitcoin is one of now thousands cryptos and services could just hop to better return on investment value (...).
All the others are irrelevant, in the end there can only be one. And Bitcoin is it.

Sorry, all you altcoin supporters, but it's true. None of the others matter one lick, and in the not-too-distant future, none of the current altcoins will even exist, as far as the world is concerned.


I don't see why there should be only one, competition is good even for the leading competitor.

"So for the benefit of all the derps derping about “cryptocurrencies” : there is no such thing. There’s Bitcoin and that’s it, because there can only be one. All the rest of the crap exists only inasmuch as a) it stays theoretical or b) it stays small enough nobody cares. Where a) and b) are only distinct in the derp point of view, otherwise they’re the same thing. But good luck with all the community-of-retards driven, super-duper-innovative, ultra-mega-creative, asic-resistant, future-of-revolution-and-everything altcoins."
-Mircea Popescu

http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/

This man, Mircea Popescu, is ostensibly more intelligent than me. Which means, dear reader, he is ipso facto almost certainly far more intelligent than you. You should therefore heed his wisdom with great care.