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    Author Topic: Reality check on alts  (Read 3904 times)
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    • ruletheworld
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    September 03, 2014, 09:15:12 PM
     #61
    Quote from: hodlbananas on September 03, 2014, 01:04:04 PM
    Quote from: MicroGuy on September 01, 2014, 01:52:54 AM
    Quote from: GoldSeal on September 01, 2014, 12:50:18 AM
    Next  year, scrypt coins get legitimized and the increased hashing power will increase the overall security of the coins enabling investors to start to place bets on the next bitcoin.

    These are my sentiments as well.

    I think we might first see some consolidation and then a resurgence in 2015 with the consumer playing a greater role in determining the winners and the losers.


    to be honest you only have to listen to mike hearn talking about the "fragility" of bitcoin to think hmm there must be competition on the horizon. I don't mean to say bitcoin's thin ice, but just because the whole thing feels too static. To use an old comparison it's like late 90s ISPs and email providers wanting you to pay for a 5mb inbox - what's gonna happen next will be foreign to the status quo, but so it must be. alts will most likely be involved, but whether it'll be any of those on the top today, who knows.
    We've heard this argument for several years now, but nothing looks promising enough to replace Bitcoin for what Bitcoin does. There are alts that compete in a different niche, but head-to-head with Bitcoin, there doesn't appear to be something with clear advantages over Bitcoin (yet).

  • counter
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    September 04, 2014, 06:32:24 AM
     #62
    Quote from: ruletheworld on September 03, 2014, 09:15:12 PM
    Quote from: hodlbananas on September 03, 2014, 01:04:04 PM
    Quote from: MicroGuy on September 01, 2014, 01:52:54 AM
    Quote from: GoldSeal on September 01, 2014, 12:50:18 AM
    Next  year, scrypt coins get legitimized and the increased hashing power will increase the overall security of the coins enabling investors to start to place bets on the next bitcoin.

    These are my sentiments as well.

    I think we might first see some consolidation and then a resurgence in 2015 with the consumer playing a greater role in determining the winners and the losers.


    to be honest you only have to listen to mike hearn talking about the "fragility" of bitcoin to think hmm there must be competition on the horizon. I don't mean to say bitcoin's thin ice, but just because the whole thing feels too static. To use an old comparison it's like late 90s ISPs and email providers wanting you to pay for a 5mb inbox - what's gonna happen next will be foreign to the status quo, but so it must be. alts will most likely be involved, but whether it'll be any of those on the top today, who knows.
    We've heard this argument for several years now, but nothing looks promising enough to replace Bitcoin for what Bitcoin does. There are alts that compete in a different niche, but head-to-head with Bitcoin, there doesn't appear to be something with clear advantages over Bitcoin (yet).

    Exactly why I'm bullish on Bitcoin.  All this time and still nothing has come out to really impact Bitcoin and really compete.  This is something that isn't very easy to do or it would have been done already IMO.  Up to this point the only coins to come out have been scams and clones, minus a very few from what I've seen.  

  • hodlbananas
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    September 05, 2014, 08:41:24 AM
     #63
    Quote from: counter on September 04, 2014, 06:32:24 AM
    Quote from: ruletheworld on September 03, 2014, 09:15:12 PM
    Quote from: hodlbananas on September 03, 2014, 01:04:04 PM
    Quote from: MicroGuy on September 01, 2014, 01:52:54 AM
    Quote from: GoldSeal on September 01, 2014, 12:50:18 AM
    Next  year, scrypt coins get legitimized and the increased hashing power will increase the overall security of the coins enabling investors to start to place bets on the next bitcoin.

    These are my sentiments as well.

    I think we might first see some consolidation and then a resurgence in 2015 with the consumer playing a greater role in determining the winners and the losers.


    to be honest you only have to listen to mike hearn talking about the "fragility" of bitcoin to think hmm there must be competition on the horizon. I don't mean to say bitcoin's thin ice, but just because the whole thing feels too static. To use an old comparison it's like late 90s ISPs and email providers wanting you to pay for a 5mb inbox - what's gonna happen next will be foreign to the status quo, but so it must be. alts will most likely be involved, but whether it'll be any of those on the top today, who knows.
    We've heard this argument for several years now, but nothing looks promising enough to replace Bitcoin for what Bitcoin does. There are alts that compete in a different niche, but head-to-head with Bitcoin, there doesn't appear to be something with clear advantages over Bitcoin (yet).

    Exactly why I'm bullish on Bitcoin.  All this time and still nothing has come out to really impact Bitcoin and really compete.  This is something that isn't very easy to do or it would have been done already IMO.  Up to this point the only coins to come out have been scams and clones, minus a very few from what I've seen.  

    Agreed on bitcoin's selling points, I was mostly going off the back of what mike hearn said recently, ie that bitcoin's lacking in developers and financial support, which makes me wonder what's gonna happen should a sudden influx of users occur like everyone expects? though equally no alt is anywhere near ready to support a massive surge in clientbase either so..

  • ruletheworld
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    September 13, 2014, 02:31:18 AM
     #64
    Quote from: hodlbananas on September 05, 2014, 08:41:24 AM
    Quote from: counter on September 04, 2014, 06:32:24 AM
    Quote from: ruletheworld on September 03, 2014, 09:15:12 PM
    Quote from: hodlbananas on September 03, 2014, 01:04:04 PM
    Quote from: MicroGuy on September 01, 2014, 01:52:54 AM
    Quote from: GoldSeal on September 01, 2014, 12:50:18 AM
    Next  year, scrypt coins get legitimized and the increased hashing power will increase the overall security of the coins enabling investors to start to place bets on the next bitcoin.

    These are my sentiments as well.

    I think we might first see some consolidation and then a resurgence in 2015 with the consumer playing a greater role in determining the winners and the losers.


    to be honest you only have to listen to mike hearn talking about the "fragility" of bitcoin to think hmm there must be competition on the horizon. I don't mean to say bitcoin's thin ice, but just because the whole thing feels too static. To use an old comparison it's like late 90s ISPs and email providers wanting you to pay for a 5mb inbox - what's gonna happen next will be foreign to the status quo, but so it must be. alts will most likely be involved, but whether it'll be any of those on the top today, who knows.
    We've heard this argument for several years now, but nothing looks promising enough to replace Bitcoin for what Bitcoin does. There are alts that compete in a different niche, but head-to-head with Bitcoin, there doesn't appear to be something with clear advantages over Bitcoin (yet).

    Exactly why I'm bullish on Bitcoin.  All this time and still nothing has come out to really impact Bitcoin and really compete.  This is something that isn't very easy to do or it would have been done already IMO.  Up to this point the only coins to come out have been scams and clones, minus a very few from what I've seen.  

    Agreed on bitcoin's selling points, I was mostly going off the back of what mike hearn said recently, ie that bitcoin's lacking in developers and financial support, which makes me wonder what's gonna happen should a sudden influx of users occur like everyone expects? though equally no alt is anywhere near ready to support a massive surge in clientbase either so..
    What does sudden influx of users have to do with lacking developers/financial support for the core devs?

  • rocoro
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    September 13, 2014, 02:53:21 AM
     #65
    To me, bitcoin is just another alt...

    Yes, there I said it.

    There has been other electronic currencies before,  other than its' cryptographic nature it isn't all that much better or great.
    ( long confirmation times,  huge blockchain to download,  tons of energy being wasted to mine it. etc etc.. )





  • zacoins
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    September 13, 2014, 03:59:53 AM
     #66

    proof of stake coins will always beat out proof of work coins in the long term.....

  • Searing
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    September 13, 2014, 08:15:42 AM
     #67
    Well being a Titan (NO ROI) 1st batch user..they announced they are shipping next week 300mh for first batch chumps
    (talk about a company knc going from pope mobile to death star with in a year..man money corrupts)

    anyway they did announce that it will do scrypt-N and vague other algorithms..i really don't buy it ...but going with the idea for now (humor me)

    I myself think this at best is a firmware upgrade in say 2-3 months and prob only would use 100mh at best on the Titan

    BUT

    I know not as much as I should about alts (yeah I know don't giggle...KNC is already giggling at my $$$ going to their large data halls for their 'arctic cloud'

    so would scrypt N help me much in my hopeless quest to SOME movement towards my purchase price (a % there of) faster or is it
    just a gimmick ( I was told scypt-n needs more then a bit of ram..something knc neglected to mention in their annnoucement (see below)

    https://www.kncminer.com/news/news-106

    thanks....anyway looks like my last miner at 15c/kwh (ave in the states) btc price and imho every fool and his brother cloud mining
    home mining looks pretty dead in my view..at least at my elec rate (which is ave for usa by the by)

    so it goes...bitcoin always a wonderland of confusion...and man in the last year I"ve really seen BFL ethics take over the asic maker world!

    thanks in advance for any info

    Searing
     
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