AltCoins (like Bitcoin but Not)

[WickedJoe]

So i finally looked up how BTC works today and here's a few things I learned.

- The decentralized bitcoin network takes about 10 mins minimum to register a transaction. This is slow.
- LiteCoin is 4x faster and only takes about 2.5 mins.
- In reality a recent transaction (10 mins ago) is not as secure in the transaction chain as one that took place further back like 60 mins ago - for BTC. And many recommend waiting 60 mins at least before shipping goods, etc for a BTC purchase.

So it appears newer forms of crypto-currency aren't just different in names but also very different in features. Some are much much more useful than others. So why wouldn't people constantly be upgrading to newer better crypto-currency? I suppose the biggest feature one could ask for would be a crypto-currency that would allow someone to purchase something as quickly as it can be now.. after something can do that maybe it should be the standard crypto-currency.

I know for a fact that no big company will want to use BTC at a brick and mortar store.. the checkout lines are already slow and people want shit NOW!

 

[Pheasant]

Make sure you share this thread with everyone else who's been living with you under that rock..

 

[Unarmed Gunman]

Can you tell us more about this crypto-currency you speak of?

 

[o hai guyz]

i been had litecoin

 

[Jimmy Clayton]

So Altcoin != Bitcoin?

Not interested.

At all.

 

[WickedJoe]

Ya i admitted I didn't know shit about how it worked till today. And I'm still not as well informed as others here. I mainly just want to know the arguments people have for staying with BTC with more functional coins coming out in the future - if there are any good arguments.

Also, there weren't enough threads about bitcoins.

 

[jacky8]

There's another crypto called Primecoin (XPM) which was doing well until recently when all the attention shifted back to bitcoin and litecoin.

If you want to take some risk, xpm might go like 3x in value over the next few weeks. Just wait till it gets the chinese attention..

Primecoin - Wikipedia, the free encyclopedia

Primecoin Release

 

[Jimmy Clayton]

Why doesn't Wickedfire collectively found our own cryptocurrency. We can call it ConeCoin.

That would be sweet

 

[blank_czech]

Crypto-Currency Market Capitalizations | Bitcoin Litecoin Peercoin Namecoin Feathercoin Novacoin Primecoin WorldCoin CryptogenicBullion Devcoin and more... - Here's a list of about 30

 

[lukep]

Everything you need to know about altcoins in one article:

The Problem with Altcoins

 

[o hai guyz]

If you want to take some risk, xpm might go like 3x in value over the next few weeks

bitcoin has skewed my perception of all investment risk in general. when i heard "3x in value over the next few weeks" i immediately thought "smh, small money"