Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Arguments on the network effect only work to a certain degree. An analogy would be to claim that something like Facebook or Google will be the sole existing service simply because it has the biggest network.
Alt coins need to offer something pretty good to overcome the network effect of bitcoin. So far, they don't. And with sidechains on the horizon, it's possible "real" altcoins never will.
The irony is that they don't. Or would you honestly claim that for Litecoin there is any real improvement.
All it takes is regional acceptance on a larger level to make a coin relevant for people in that area.
We can argue all we want about if, in the long term, these alts have merit but the reality is that they exist and some have quite respectable market caps for offering very little innovation.
lmao those are not respectable market cap... $100m? lmao..... this must be comedy hour on bitcointalk
