Quote from: Mervyn_Pumpkinhead on October 10, 2014, 07:55:56 AM

Quote from: piramida on October 09, 2014, 08:35:12 PM

1. No, bitcoin is developed by hundreds of actual developers who create amazing features not present anywhere else, while deploying it on a live billion-dollar value blockchain while keeping it secure; most other cryptos are just copies by get-rich-quick kiddies who have no idea what they are doing.
2. That is true; same can be said about IPv4 but it still rides along for 30 years.
3. Oh no, most of the infrastructure already assumes bitcoin, promotes bitcoin, uses bitcoin. Of course, everything can be switched theoretically, but not "trivial", and sometimes even impossible, for example for the hashing network. Which is, regardless of what you say, the greatest strength of bitcoin.

1. Tell me about these unique features that aren't present in any other crypto and that make bitcoin unique.
2. IPv4 didn't have important fundamental flaws that made it impractical.
3. For the users and services it IS trivial to switch to new cryptos. Only smart investments around bitcoin are those investments that go in into the service framework. The beauty of those investments is that they aren't dependent on bitcoin and it's price. Most of the support services earn by volume and if bitcoin fails then it's not hard to just switch cryptos.
In my vocabulary, buying BTC or any other crypto is more of an gamble then an investment because of this.

Quote from: PolarPoint on October 09, 2014, 08:39:17 PM

Other "advanced" alts has nice touches to them, but the most important aspect of any crypto is user support. There may be a few technically "superior" alts. If there are no one using accepting it as payment, it has no use in the crypto world. Currently, there is no other crypto which can sway the dominance of bitcoin.

Bitcoin finally got established to be used as a considerable legal form of payment in 2013, while it was introduced in 2009. This means that it needed 4 years to earn the trust and acceptance of people to become something more then some quirky underground fantasy money. Most of the new and better alts are only 1 - 2 years old, meaning that they are only now getting established enough to be taken into consideration. The only reason why it won't take 4 full years, is because bitcoin has already paved a big part of the road to fasten the entire process for the newcomers.

Quote from: franckuestein on October 09, 2014, 08:44:32 PM

BTC works and BTC can be the key for a new economical future.

Why to use another coins based on it? Please OP, why use something that is already there and with a huge community on it?
bitcoin is strong, useful, powerful and necessary.

Other coins are just more and more experiments. I own more than one altcoin but not all of them have a great dev-team or strong project to really believe on it... you have coins that doge (huge community) XMR or another ones (with great projects) but bitcoin have something that the other ones can't have: be the first.

Bitcoin works like the steam engined locomotives still work. Another question is if it's practical enough to be used on today's standards. Steam locomotives once had a large community supporting them and didn't mean that they overpowered technological advancements.
All of the coins, including bitcoin have started off as experiments. Because that's how technological development is done - by experimenting. Right now the experimenting has shown that the important flaws of bitcoin can be addressed and new cryptos with better fundamental properties can be made.

Quote from: nuff on October 10, 2014, 04:56:14 AM

OP, I fully understand where you're coming from, what with bitcoin being extremely environmentally wasteful, but that may be necessary to give it a base value, if nothing else. You need something like a production cost assigned to it, so there can be a reference to its fundamental value. With PoW mining , while primitive, it at least has a direct way to assign a production cost to it: electricity.

But however better cryptocurrency can be improved, it's not that there aren't alt coins that have better solutions and better technology than bitcoin, yet they still don't and can't overtake much less replace bitcoin. There's also the adoption and infrastructure, which is what really gives bitcoin its value. Bitcoin's first mover advantage really can't be simply overlooked or dismissed. The solution is not to create another alternate coin, but to just fully concentrate on Bitcoin and how to evolve it to be something better.

It's foolish if costs are being driven up by a method that has no gain. For instance, if Volkswagen's would be made in a way that they are disassembled and reassembled 10 times before they come out, then it sure would drive up the production costs together with the price. It would also give people more work for doing it. But will it improve the quality of the product or improve anything at all? No.
In the future, the use of money should be cheap, without any artificially added costs. Currently is the time where the banking sector is using it's dominance to artificially add costs to their offered services. I believe that the future will be better, not worse, like it would be with bitcoin.

The fundamental properties of bitcoin, like PoW mining and fixed coin supply can't be changed because of the trust issues that would arise. That is the reason why the developers aren't considering touching these parts. They know that trust would be lost if fundamental rules would be changed. So, the only option is to move wealth to new cryptos that are already built on more advanced fundamental properties.

Quote from: windjc on October 10, 2014, 05:13:29 AM

If you actually believed what you wrote you would be posting in the Nxt forum community, or the Bitshares community or the Emunie community or the Ripple community or the Ethereum community. Because there is tons of non-bitcoin crypto advancement and ingenuity happening in all those communities.

But this isn't really about that. This is about your ego. An ego that thinks that bitcoin is a cult. And that you are smart and everyone else here is a freakin moron.

Well, bitcoin is in a bear market. So is gold and silver and copper. And so are many world economies. And so is real estate in much of the U.S.

So freakin what? Bitcoin is in a bear market and still the price is 2-3xs more than it was a year ago.

Do you actually believe that a bear market gives credence to your condescending opinions about Bitcoin? And if you care about digital monetary systems so much why are you not somewhere else HELPING OUT??

Why would I have to warn other communities to abandon bitcoin? If people are already apart of those new and better cryptos, then there is no reason to warn them, right?
I offered my vision why this is not just a temporal bear market, but the end of an certain phase that was lead by bitcoin. I have explained in detail why I think that the end of this phase will also flag the end of bitcoins dominance.
I recommend you to challenge my vision with counter-arguments. Personal attacks won't get you very far.

Quit being so butthurt. Im not personally attacking you when I say if you believe in open source crypto get involved in non-bitcoin projects instead of warning people that bitcoin will fail. It doesn't make sense.

Here's why: (and by all means please attempt to debunk why)

Scenario A) You are wrong. Meanwhile, bitcoin survives. Our community thrives. And other non-bitcoin blockchain alts grow as well. Meanwhile, you did absolutely nothing productive with your time.

Scenario B) You were right. Bitcoin fails. Other non-bitcoin alts change the world. You have nothing to do with it. Your time was wasted. Maybe 3 people listened to you and got out of bitcoin. So you saved 3 people a couple of hundred, maybe a couple of thousand dollars in investments. Meanwhile you had a chance to be a part of something revolutionary, something you believed in. But you didn't.