Re: Bitcoin will inevitably Fail as Altcoins suceed

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, I still don't really get what you're trying to convey...Yes we know Bitcoin runs on the blockchain, so does many other coins.

The thing is, there is absolutely no point of using an alternate blockchain when you can do the same things using the one that is used by most people, the one that has the most accessibility and the most hashing power. Network effect is stronger than you might think.

There's a misunderstanding there, "there is absolutely no point of using an alternate blockchain when you can do the same things using the one that is used by most people". That statement makes me believe that you think all altcoins are simply copy,clones of Bitcoin? If so, I would have to say that's entirely wrong. From what I've seen in that space, there are large #'s of coins that do not use the Bitcoin sourcecode at all and are made from scratch. In fact, even the 100% Bitcoin clone coins from years ago(2011-2012), improved upon Bitcoin in simple things like confirmation times and algo's used.

Yes, altcoins have a lot of thing behind the curtains that are different from bitcoin but not for the end user and this is what matters the most.

The things for the end user. Again, Bitcoin's only ahead in that area because of it's headstart as the first cryptocurrency. I'm not against Bitcoin, I'm just against the mystical image it's given in this forum, it seems like brainwashing as I see users post things that are absolutely outrageous...especially given it's "fatal" flaws that I've stated in the first post.