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I recommend you check out https://raiblocks.net https://raiblocks.net if you're looking for a currency that could compete with Bitcoin as a means of payment. Th

I recommend you check out https://raiblocks.net https://raiblocks.net if you're looking for a currency that could compete with Bitcoin as a means of payment. The tech is smart as hell.

perseusprime11 9y ago
And who cares? Nobody is accepting raiblocks as a payment. There are more engineers working on Bitcoin and far more infrastructure around Bitcoin. All these altcoins are pump and dump schemes.
- Pseudothink 9y ago
  Nobody was accepting Bitcoin as a payment in 2009. I wish I'd cared about it more then.
- louismerlin 9y ago
  The project is still early stage, but still it promises to be what bitcoin should have been from the start : a decentralized, feeless and instantaneous means of transferring value.
  - perseusprime11 9y ago
    What value?
- unabridged 9y ago
  This is what most people don't get, these technologies are all open source. So even if some random coin comes up with a great new feature, bitcoin can just add it or at worst someone can create a fork of bitcoin with the new tech. The value is not the tech, its the network. Bitcoin has good liquidity and been tested though many drops and spikes. Each time it makes the network more antifragile. No one wants to trust a new currency where a large percent of holders have never been tested and might sell off their entire share at any time.
  - wcoenen 9y ago
    > bitcoin can just add it Bitcoin is pretty much impossible to change now. It's just too big for that. Example: Segwit voting was available in October 2016 but didn't manage to get significant miner support, finally got activated in August 2017 after a lot of controversy, and is still not seeing convincing adoption[1]. It seems to be stuck around 10%. If a soft fork is that difficult, then more drastic changes must be impossible. [1] http://segwit.party/charts/# http://segwit.party/charts/#
- XR0CSWV3h3kZWg 9y ago
  Network effect is real, but that can not defend bitcoin if tx continue to stay prohibitively high.
jondwillis 9y ago
The surrounding developer community is getting more and more active. I recently joined the #development chatter on Discord(https://chat.raiblocks.net https://chat.raiblocks.net) Feeless, near-instant transactions could displace a lot of the coins out there, if they can solve all attack vectors.
cromon 9y ago
No one ever mentions the insane amount of time it takes to sync their chain.. I'd say that is a big stopping point for a lot of people.. I've been trying for weeks to catch up. (Where other wallets sync in a reasonable time)
- louismerlin 9y ago
  True. From what I read, they are working on a way to fix that. It is a major issue at the moment.
imustbeevil 9y ago
Very odd to recommend Raiblocks instead of at least Ethereum and Bitcoin Cash, which have 300x and 90x the volume respectively. They both also have low fees and near instant transactions, already work for their use cases, and can be bought with USD. There are real competitors to Bitcoin Core today, and Raiblocks is not one of them. Your value proposition cannot be "like Ethereum but fractionally better because volume is two orders of magnitude less". There are even interesting coins like Aragon, Po.et, SALT, Aeron, district0x that actually do things Bitcoin doesn't do. Competing for "payments on the internet" is a losing battle, of which you can find hundreds of other pumps on coinmarketcap. They all have nice landing pages about how the blockchain is the future and this is the new way for money and banking. That's a clear sign there's no future in a coin, because the founders can't come up with anything but "let's make Bitcoin faster". Obligatory disclaimer that I don't invest in any of these things. I'd rather have people invest in curing disease, space travel, longevity research; things that affect the physical world and push humanity forwards. "Like Visa but fuck Visa" is not a compelling pitch.
wyas 9y ago
Unproven tech. There's nothing but a whitepaper to analyze its claims.

I recommend you check out https://raiblocks.net https://raiblocks.net if you're looking for a currency that could compete with Bitcoin as a means of payment. The tech is smart as hell.

perseusprime11 9y ago

And who cares? Nobody is accepting raiblocks as a payment. There are more engineers working on Bitcoin and far more infrastructure around Bitcoin. All these altcoins are pump and dump schemes.

Pseudothink 9y ago
Nobody was accepting Bitcoin as a payment in 2009. I wish I'd cared about it more then.
louismerlin 9y ago
The project is still early stage, but still it promises to be what bitcoin should have been from the start : a decentralized, feeless and instantaneous means of transferring value.
- perseusprime11 9y ago
  What value?
unabridged 9y ago
This is what most people don't get, these technologies are all open source. So even if some random coin comes up with a great new feature, bitcoin can just add it or at worst someone can create a fork of bitcoin with the new tech. The value is not the tech, its the network. Bitcoin has good liquidity and been tested though many drops and spikes. Each time it makes the network more antifragile. No one wants to trust a new currency where a large percent of holders have never been tested and might sell off their entire share at any time.
- wcoenen 9y ago
  > bitcoin can just add it Bitcoin is pretty much impossible to change now. It's just too big for that. Example: Segwit voting was available in October 2016 but didn't manage to get significant miner support, finally got activated in August 2017 after a lot of controversy, and is still not seeing convincing adoption[1]. It seems to be stuck around 10%. If a soft fork is that difficult, then more drastic changes must be impossible. [1] http://segwit.party/charts/# http://segwit.party/charts/#
XR0CSWV3h3kZWg 9y ago
Network effect is real, but that can not defend bitcoin if tx continue to stay prohibitively high.

jondwillis 9y ago

The surrounding developer community is getting more and more active. I recently joined the #development chatter on Discord(https://chat.raiblocks.net https://chat.raiblocks.net) Feeless, near-instant transactions could displace a lot of the coins out there, if they can solve all attack vectors.

cromon 9y ago

No one ever mentions the insane amount of time it takes to sync their chain.. I'd say that is a big stopping point for a lot of people.. I've been trying for weeks to catch up. (Where other wallets sync in a reasonable time)

louismerlin 9y ago
True. From what I read, they are working on a way to fix that. It is a major issue at the moment.

imustbeevil 9y ago

Very odd to recommend Raiblocks instead of at least Ethereum and Bitcoin Cash, which have 300x and 90x the volume respectively. They both also have low fees and near instant transactions, already work for their use cases, and can be bought with USD. There are real competitors to Bitcoin Core today, and Raiblocks is not one of them. Your value proposition cannot be "like Ethereum but fractionally better because volume is two orders of magnitude less". There are even interesting coins like Aragon, Po.et, SALT, Aeron, district0x that actually do things Bitcoin doesn't do. Competing for "payments on the internet" is a losing battle, of which you can find hundreds of other pumps on coinmarketcap. They all have nice landing pages about how the blockchain is the future and this is the new way for money and banking. That's a clear sign there's no future in a coin, because the founders can't come up with anything but "let's make Bitcoin faster". Obligatory disclaimer that I don't invest in any of these things. I'd rather have people invest in curing disease, space travel, longevity research; things that affect the physical world and push humanity forwards. "Like Visa but fuck Visa" is not a compelling pitch.

wyas 9y ago

Unproven tech. There's nothing but a whitepaper to analyze its claims.