Quote from: cyberpinoy on October 03, 2014, 03:00:22 PM

Quote from: zimmah on October 03, 2014, 05:32:59 AM

Quote from: gogxmagog on October 02, 2014, 11:38:15 PM

He is very careful to mention that he doesn't think BTC will be the one. More and more I get the feeling that btc is the experiment. They will watch it and learn as it fails, then make a crypto that fixes everything that is wrong and copies everything that works, put their billions into marketing and infrastructure (or hop on btc's existing infrastructure) and go from there. Like he says - most don't care about anonymity, they want security and convenience.

Not good news for btc imo

What's the point investing millions in making an altcoin that does what bitcoin already does?

The last thing we need is another altcoin.

Especially a centralized one.

I agree with the original poster Zimmah please re-read his post, he didnt say it was going to be a replicate of Bitcoin, he said they will watch it and see what causes its failure then do their own strategy fix the broken parts and blast the scene with a better coin. Do you know much about bill gates, he had a dream that was not working as he planned actually, he then befriended and took innovative tech from IBM, Zerox and even apple to make his dream a reality that took over the world, then he created a generalized monopoly on his dream so no one can compete with him until it was to late, copyrighted his thoughts so no one could steal his toys,. Now if he did this much damage with computers on his way to riches and the top 10 wealthiest men on the planet, what do you think he will do with an open source project.

I think he really does not know if bitcoin will be "the" successful crypto currency or not. I certainly agree that all of the altcoins add zero value above what bitcoin can offer today, however it would be very well possible that someone thinks of some feature for an altcoin that bitcoin cannot offer and actually be useful