Ninjastic
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Topic
Board Bitcoin Discussion
Re: Bitcoin will inevitably Fail as Altcoins suceed
by
FastForwarded
on 23/10/2014, 03:38:19 UTC
Quote from: Billbags on October 23, 2014, 03:32:02 AM
Quote from: FastForwarded on October 23, 2014, 03:21:21 AM
Quote from: Billbags on October 23, 2014, 03:18:19 AM
You do understand the Blockchain? You do understand Bitcoin is like an app on the Blockchain? Bitcoin is the currency to be used on the Blockchain for payments when the other apps, services and smart contracts are incorporated into the Blockchain. Bitcoin is going nowhere but UP in value over time.

Exactly what does the Blockchain technology have to do with this topic....I'm talking about Bitcoin, the "currency", not the underlying tech. Smart contracts, services, exactly what are you talking about? Are you getting this confused with those "2.0" altcoins? Those aren't currencies so to speak, more like applications.

Smart Contracts are from 1995, old news.

Edit: Bitcoin is the currency designed to be ran on the blockchain. No matter what's added. End of story.

Ok, So?...Yes we know Bitcoin runs on the blockchain, so do many other coins. The thing that marks Bitcoin ahead of altcoins, is it's headstart. Bitcoin's many pumps were fabricated, one person(or group or people) called Satoshi Nakamoto owns around 1million bitcoins, and the group that represents Bitcoin has been tarnished by scandals involving it's members(There was even a thread showing the amount of people giving up on their memberships to the Bitcoinfoundation).