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There are thousands of other cryptocurrencies that claim to have better tech than Bitcoin in terms of privacy, speed or fees. This is the case of having a bett

There are thousands of other cryptocurrencies that claim to have better tech than Bitcoin in terms of privacy, speed or fees. This is the case of having a better technology doesn't matter, Bitcoin came at a very lucky time and also grew organically for many years and had arguably the fairest coin distributions (most coins nowadays are shilled very heavily by it's developers and investors). It's also the most secure and well-known. Because of those things, it'll be very difficult if not impossible to unseat Bitcoin when it comes to store of value/currency. Bitcoin also sees development in form of lightning network. For all other use cases, I think eth covers most bases and has also developed a very large network of users and developers. So whatever next big crypto project comes needs to be not just "better", but like at least 10x better.

matheusmoreira 5y ago
> There are thousands of other cryptocurrencies that claim to have better tech than Bitcoin in terms of privacy, speed or fees. Monero isn't just claiming this though. It actually delivers on its promises. It's actually private, authorities are having trouble tracing it. Criminals are already switching to Monero. Transactions are fast and the fees are low. It's mineable by ordinary CPUs, no centralized ASIC/GPU mining operations in China. Since mining is more decentralized, nobody opposes improvements to the Monero blockchain like the bitcoin and ethereum miners do. > at least 10x better Monero is pretty much infinitely better. If any coin is positioned to unseat bitcoin it's Monero. If there's any sanity left in this cryptocurrency market this will happen one day.
- fomine3 5y ago
  Monero is pretty much infinitely better, that's why gov hates it.
wolfretcrap 5y ago
Fair coin distribution is easy to solve in new coins if all the bitcoin owners get equivalent proportion of the new coin and developers/founders get nothing. But how many are brave enough to create such coin?
herbst 5y ago
Bitcoin: Market Cap: Fr 926,647,481,214 Volume: Fr 54,697,251,981 Ethereum: Market Cap: Fr 261,435,750,490 Volume: Fr 39,931,852,584 Its not like Bitcoin is standing up there alone. Sure still far stronger, but the times where its only bitcoin and the others is likely over.

matheusmoreira 5y ago

> There are thousands of other cryptocurrencies that claim to have better tech than Bitcoin in terms of privacy, speed or fees. Monero isn't just claiming this though. It actually delivers on its promises. It's actually private, authorities are having trouble tracing it. Criminals are already switching to Monero. Transactions are fast and the fees are low. It's mineable by ordinary CPUs, no centralized ASIC/GPU mining operations in China. Since mining is more decentralized, nobody opposes improvements to the Monero blockchain like the bitcoin and ethereum miners do. > at least 10x better Monero is pretty much infinitely better. If any coin is positioned to unseat bitcoin it's Monero. If there's any sanity left in this cryptocurrency market this will happen one day.

fomine3 5y ago
Monero is pretty much infinitely better, that's why gov hates it.

wolfretcrap 5y ago

Fair coin distribution is easy to solve in new coins if all the bitcoin owners get equivalent proportion of the new coin and developers/founders get nothing. But how many are brave enough to create such coin?

herbst 5y ago

Bitcoin: Market Cap: Fr 926,647,481,214 Volume: Fr 54,697,251,981 Ethereum: Market Cap: Fr 261,435,750,490 Volume: Fr 39,931,852,584 Its not like Bitcoin is standing up there alone. Sure still far stronger, but the times where its only bitcoin and the others is likely over.