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Why do we need an altcoin?

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Why do we need an altcoin?

Alternative cryptocurrency - called code using Bitcoin, but is incompatible with the cryptocurrency, which had recently divorced a fair amount. Now, several hundred clones trying to emulate the success of Bitcoin, and their number is constantly growing. Can at least some of them to achieve long-term success?

New ideas attract not only professionals and pioneers, but also and charlatans, and outright scams. What the first group is different from the second? Pioneers usually understand the nature and potential of new ideas and strive to extend its useful applications. The second group sees the success of a new idea and rushes her to imitate in vain hope that a simple simulation will allow to achieve the same results.

the Bitcoin Community is not only much larger but also much better quality than it can hope any of altain clones. Bitcoin is surrounded by real entrepreneurs and innovators working to create new and useful services and infrastructure components for Bitcoin. Oldoini often surrounded by loud-mouthed charlatans that feed the irrational hope to repeat the success of Satoshi Nakamoto. This does not mean that there is some fatal problem with aldolase in principle. Just the problem is that since Bitcoin already exists, there is no special additional value to create a slightly modified copy. And it is strange to hope that such imitation somehow will have at least some independent cash value in the long term, as if it was not advertised.

Related point is the argument that oldoini can be used as experiments to learn about how different ideas can work in practice. I agree, this use can be regarded as completely legitimate and necessary. However, oldoini which fundamentally meant for experimentation should not be construed as investment or independent product. If oldoini was used that way, then it would be fine and all good. No one would and there were no objections. Objections of some concern that the current oldoini mostly serve only the enrichment of a narrow group of their promoters, and around them is spinning so many lies and absolutely blatant fraud . The experiment is worth little if the people who run them are constantly lying about what is it.

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Date added: 2015-01-31

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