Author Topic: Dual or Trial Ecosystem  (Read 2256 times)

Offline Arbitrageur

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Dual or Trial Ecosystem
« on: July 01, 2014, 03:28:47 PM »
Another reason why I see (and I prefer) a dual or trial (or even 4-5 coins ecosystem) as the final winner, instead of a bitcoin monopoly, is also because having 2 or more competing crypto with a widespread use and strong network will force the relative mining industry to find the best organization in the interest of the coin itself. Consider the monopoly situation where bitcoin is the absolute winner. As we know the mining industry has the tendency towards higher level of concentration, which is no good at all for many reasons, till the point when someday they can hold hostage the whole blockchain, and deciding what's best for them, instead of what's best for the coins holders. Having another blockchain like litecoin, or more, as an equal alternative will force the bitcoin mining industry to do what's best for the users, otherwise the latter will switch to the next best alternative. And the other way round of course. Conclusion: having at least 2, or more coins, competing at the same level is the best solution for the whole cryptocurrency system. Theoretically nothing says that only one coin will emerge as the absolute winner. So let's fight and work for a competitive system. It's in the best interest of anyone that trust the cryptocurrency invention as an alternative to the corrupt fiat money system. (I know, the bitcoiners will have their potential almost halved and that's why they spread FUD on all alts).

Litecoin is already number 2, but still has to grow compared to btc. And to grow a lot from here.
« Last Edit: July 01, 2014, 03:48:12 PM by Arbitrageur »

Offline TheMage

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Re: Dual or Trial Ecosystem
« Reply #1 on: July 04, 2014, 02:03:03 AM »
Completely agree, and I think most people (aside from the Bitcoin hardcore) will agree with this. The Market needs more than just one, and for more than just one reason.

Offline Arbitrageur

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Re: Dual or Trial Ecosystem
« Reply #2 on: July 06, 2014, 10:32:32 AM »
true decentralization in the crypto market will be delivered by at least 2 or 3 coins competing with btc at equal level. decentralization in a bitcoin monopoly is a myth.

https://twitter.com/FiatMoneyEnd/status/485733293531619328

retweet :)

Offline Arbitrageur

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Re: Dual or Trial Ecosystem
« Reply #3 on: July 06, 2014, 11:17:36 AM »
if you guys produce any other video it should point out this aspect: ltc is right now the best alternative against the bitcoin monopoly, for a truly decentralized crypto world. a whole campaign should be build on top of this concept. any bitcoiner who is also a free market advocate will agree and maybe start to support litecoin too. even better some big investor will see the potential here and decide to invest massively in litecoin, especially now that the network is starting to grow at exponential rate, today we reached almost 600 Ghash! what litecoin needs most is a fresh injection of $$$. 100m would do the job. it's peanuts in the monetary market where trillions are desperate for a decent return
« Last Edit: July 06, 2014, 11:20:50 AM by Arbitrageur »

Offline TheMage

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Re: Dual or Trial Ecosystem
« Reply #4 on: July 06, 2014, 11:27:58 AM »
if you guys produce any other video it should point out this aspect: ltc is right now the best alternative against the bitcoin monopoly, for a truly decentralized crypto world. a whole campaign should be build on top of this concept. any bitcoiner who is also a free market advocate will agree and maybe start to support litecoin too. even better some big investor will see the potential here and decide to invest massively in litecoin, especially now that the network is starting to grow at exponential rate, today we reached almost 600 Ghash! what litecoin needs most is a fresh injection of $$$. 100m would do the job. it's peanuts in the monetary market where trillions are desperate for a decent return

Hmmm, not a bad idea. If we do in fact do something akin to a video series this might be a good one to do :).


Offline tuco1980

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Re: Dual or Trial Ecosystem
« Reply #6 on: August 11, 2014, 10:10:36 PM »
Completely 100% agree it's obvious.

Offline wilsonmarcial

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Re: Dual or Trial Ecosystem
« Reply #7 on: December 05, 2014, 07:05:11 AM »
Nice thread