Bitcoin vs. Any Other Coins
Bitcoin has been battle tested for years in the black market, an ecosystem that contains many of the best and most creative hackers in the world. In its current form, it has drawbacks - slow transaction times, high costs, no smart contracts, massive energy usage, etc. Many of these issues may be fixed with new protocols like the Lightning Network and other layers being added down the road. Not a single other coin has proven itself to actually be useful or secure.
Bitcoin is a survivor. If the hackers, speculators and volatility haven't killed it yet - nothing will.
My question is this. Do you all believe that an altcoin will wind up superior to Bitcoin or are you investing in altcoins and ICOs because the market cap is lower and there is, therefore, more room for profit?
Bitcoin will be a big number for a long time for sure. But I think it wont be the paycoin for the future it's more something to keep like gold.
Othercoins like Electroneum, btc cash and smartcash are much better to use for payments
I agree that those other coins seem like better use for payments today. But are you making the argument that they are the better payment mechanism of the long term? Each of these altcoins has their own drawbacks.
BTC cash, for example, reduces transaction time by increasing block size so more tx can be added into each block. However, by increasing block size you also increase technical requirements for each individual node and eliminate much of the decentralization that Bitcoin enjoys, concentrating the power in the hands of those with powerful enough systems. This exposes Cash to market manipulation and, again, it hasn't been battle tested like Bitcoin has.
That's true I agree.
I can't tell you witch one will make the race.
May a new coin comes arround and will be the paymentcoin.
Hi @exploremagic
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