Bitcoin could flop like VHS competitor Betamax, tech investor Glenn Hutchins says

As the cryptocurrency market matures, bitcoin could be pushed out by competitors the same way the video cassette tape format Betamax lost out to rival VHS as home entertainment technology evolved during the 1980s, according to one tech investor. "Bitcoin could turn out to be Betamax," North Island …
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Counterparty Cash Announces ERC20 Competitor with Edge Wallet Support for Tokens (news.bitcoin.com)

This past January a project was launched that revealed a forked version of the crypto-derivative platform, Counterparty, and it’s being built for the Bitcoin Cash (BCH) network. Now this week, at the Cryptopulco event in Mexico, the creator of the new BCH token infrastructure, Julian Smith, has announced that Counterparty Cash (XCPC) and all assets, tokens, and instruments released on the protocol will work natively in Edge mobile wallet including the protocol’s own XCPC token.

Bitcoin

Rise of Bitcoin Competitor Ripple Creates Wealth to Rival Zuckerberg

The explosion in Ripple's value over the past month is the starkest illustration yet of how the mania around Bitcoin has spilled over into a broader universe of virtual currencies. These coins — with names like Cardano, Stellar, and Iota — are generally new twists on the Bitcoin technology, which uses a …
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Is the Centralized Ripple Database With the Biggest Pre-Mine Really a Bitcoin Competitor?

The rise of ripple (XRP) over the past eight months has been interesting to many digital asset spectators and the network also has its fair share of controversy. At the moment XRPs are trading at an average of $ 2.20-2.40 per token and ripple's total market valuation has captured $ 91Bn this week.
Google Alert – bitcoin

Is the Centralized Ripple Database With the Biggest Pre-Mine Really a Bitcoin Competitor? (news.bitcoin.com)

The rise of ripple (XRP) over the past eight months has been interesting to many digital asset spectators and the network also has its fair share of controversy. At the moment XRPs are trading at an average of $ 2.20-2.40 per token and ripple’s total market valuation has captured $ 91Bn this week. Many skeptics are wondering what’s behind the recent XRP price spike and speculate a big correction could be imminent.
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Bitcoin

Starting a new company called Apple Unlimited! Please don’t confuse this with our competitor, Apple. We did “borrow” all of their code, but we claim to follow the wishes of the great Steve Jobs, because the new guys that took over are ruining everything and censoring everyone!

Starting a new company called Apple Unlimited! Please don't confuse this with our competitor, Apple. We did "borrow" all of their code, but we claim to follow the wishes of the great Steve Jobs, because the new guys that took over are ruining everything and censoring everyone! submitted by /u/ltblackwater
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Bitcoin – The Currency of the Internet

Bitcoin competitor coin – Am I too dumb or most of the proposed smart contracts use cases are unenforceable?

I´ve heard again and again that bitcoin is "obsolete", "the Myspace of crypto" etc. so I have taken some time to read about one of its competitors.

They talk about smart contracts powering loans, bonds and mortgages. Am I being too naïve or this whole thing looks way overhyped and unenforceable in first place?

So let´s say some government or company raises money through a "smart contract bond". Be it denominated in dollar or any token. The money is obviously taken to be spent somewhere: infrastructure, salaries etc. Suppose the payment comes due and the debtor is broke, or simply traded that money for bitcoins. How will this be executed? Of course the token which was borrowed will not remain still on its adress for the whole time.

Then there are the financial contracts. Both parties would send the token to an address and, depending on a specific outcome (gold price, sex of a celebrity baby, yen price etc), the transaction would have a "winner". In my limited thinking, the decision depends on a reliable "oracle" from outside the "smart blockchain". So how is that too different from using a betting/crypto-financial/CFD website with years of reputation and network effect, marketing strategies, management etc?

This severe limitation in enforcing the smart contracts looks a lot like this South Park scene to me: https://youtu.be/lIA6JK7VPik?t=54

I´ll (try to) post on 3 different subs and read the answers carefully. Not from an IT background and English is not my native language. Thanks in advance.

submitted by /u/duduqa
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Bitcoin