Bitcoin: Why are Altcoins important? – Bitcoints

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Published on August 29th, 2015 | by bitcoin

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Bitcoin: Why are Altcoins important?

The alternative cryptocurrencies, the altcoins, fulfil an important role in the bitcoin ecosystem.
It is not unthinkable that one or more of the fiat governments would plan an assault on the bitcoin ecosystem.

Altcoins substantially reduce the cost and the delay for followers to move on to another leadership.
The existence of altcoins and bitcoin to altcoin exchange markets also naturally solve a very practical problem.

The absolutely simplest way is to buy altcoins with bitcoins and then immediately sell these altcoins again for bitcoins.

Source: Bitcoinrevolt.wordpress.com

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