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Originally Posted by housenuts
Thanks for the link.
As for your comments below, almost all Alts are btc clones so what do they have to offer? If btc could be replaced by a coin that merely had tweeks then that coin could also be replaced by another etc so these coins would not be a good store of value. The fact is that they will not replace btc. This has been discussed here before and I'm reiterating it a a prelude for the following.
In the link you provided it states the following misunderstanding of btc.
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The digital currency allows users to anonymously transfer and receive funds.
Even mixing services don't bring anonymity although this is a selling point of some new alts. btc was not designed for anonymity.
There is a new coin based on a different protocol than btc and that protocol was designed for anonymity. The original coin was mined by the devs for 2 years. Once it was found out a new coin called Monero was forked in order have a fair distribution.
The point is that this is not a competitor of btc but a compliment to btc because it offers something that btc can't, anonymity inherent in it's design.
It works but it's not ready for primetime as there were bugs and design flaws in the original implementation which affect usability. Monero was forked 2 months ago and the work that still needs to be done is being done .
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Originally Posted by housenuts
All altcoins suck and are bound to fall. I think there's a reason they are all falling. The only alts I'd consider investing in are 2.0 type coins/platforms
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Originally Posted by housenuts
What is the point of any alt? I see no reason for growth of any alt at present.
Alts are all pump and dump and none of them can have much longevity.