Now that there are two legitimate Bitcoins in the Top Five on coinmarketcap.com, one has to ask... how many legitimate bitcoins can there be? What makes a Bitcoin legitimate anyway? There's no company with a registered brand name. Who gets to use the brand without a qualifier? Can that ever change?
Well, let's make the best case we can for all seven
Well, let's make the best case we can for all seven
Slow Bitcoins - There are Three
These three bitcoins are all in the "Slow" category because they use slight variations of Proof of Work (POW) which is inherently far slower than modern solutions. Still, there are those who consider this an essential feature. Both new entries in the slow category claim to be Bitcoin (a) because they honored the existing ownership distribution at the time of the fork, (b) because they made only tiny, incremental changes to the original software, and (c) because their developers used to work on the original bitcoin in some capacity. Of course, lots of altcoin clones can make similar claims to (b) and (c), so it all comes down to (a) honoring original owners faithfully.
Time to rack and stack them. It's no contest really...
There you have it. Here's a chart summarizing them for your inspection. Each has it's uses, but only one is likely to be extremely undervalued if and when it is approved to start trading - Light Speed Bitcoin may remain a sleeper for a number of months. It's the one to watch.
Well, let's hope that is true!
" I claim the heavyweight champ will one day be Light Speed Bitcoin.
You laugh? ...I smile."
Check out the BillionHeroCampaign.com website to understand why its targeted 10x industry-wide growth in new mainstream users, all first trained there about the facts shown here, who might not feel the need to use slow bitcoins much. What will 10x growth in industry users do to reshuffle the existing standings in network effect?
We will soon see!
Stan Larimer, President
Cryptonomex
The Godfather of BitShares, Light Speed Bitcoin, and the HERO