Bitcoin may not be number one for long - page 50.

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Are in live in the cryptocurrency world ?? , Because everyone knows that what is bitcoin and what are chances to crash the bitcoin and how much chances to hack the network .
Here I heard much about many other coins but thier is not stability in the price and also coins like ETH get crashed two times ( by algorithm program ) but I had never heard that bitcoin get face any problem , Only that times the bitcoin goes under maintenance when the team.of block chain made plan to upgrades .
So her in every manner bitcoin is best and also don't forget that all other altcoins have not legally declaration to use by any country but bitcoin have .
So we can see that in the future bitcoin demand will goes on increasing and that will results into bitcoin became king in this world to make useful other coin useful .

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

i dont think so
i think bitcoin will always be no.1 in the next few years or decades because everybody knows what bitcoin can do to our world. the hype of the people for this coin will never end.

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Quote from: nejibens on July 23, 2017, 11:39:29 AM

Ethereum and all the other altcoins still depending in Bitcoin's community, market and price, that's why i don't agree that Bitcoin will be replaced by other crypto currencies, at least in the nearest future. Bitcoin will stay for long time the first used and valuable crypto currency, in my opinion.

Good points, I'm not going to say that bitcoin will be replaced by other alt coins or it will be surpassed in terms of market cap, there's no way for other alts for it. Bitcoin is well known today and it's becoming more popular as most of us are trusting it already. Big companies are also treating it as the major crypto currency.

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Quote from: calandra78 on July 13, 2017, 06:31:55 AM

Quote from: SHAWN-MIDWAYS on June 12, 2017, 05:40:53 AM

Competition is good for business but ethereum is far from dethroning bitcoin because the future does not guarantee its gain in value and eth network has not been fully tested and loaded to see how well it will hold up. If only btc transactions with low low fees could not be broadcast on the network am sure this scalability problem would not have happened.

I agree because in business competition is not forever be able to last a long time. many competitors that are aligned with one of etherium eg bitcoin. But if bitcoin can maintain quality or can guarantee its accuracy may bitcoin can survive. in this case we should be able to sort out which ones can be beneficial for its users then that is what will last a long time.

This is true in the world of business but it is not true in the world of currencies, most of the time the world has a reserve currency, a currency that is recognized by the whole world and most of the time that last for a long time, decades and even centuries.

We can't be sure if the bitcoin will last forever or it will replace by another coin to become the no.1 cryptocurrency. In this world there are many possibilities, we can't predict what coin will conquer the cryptocurrency world but I know bitcoin will replace by another coin in the future.

We cannot be sure but who has the best chance of fulfilling that role at the moment? The answer is bitcoin of course, even if there are other cryptos that are useful and that have nice features no coin comes close to bitcoin in terms of acceptance by the public and merchants.

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Quote from: Obito on July 23, 2017, 07:53:06 AM

Quote from: ethereumhunter on July 23, 2017, 03:13:59 AM

Quote from: oegarod on July 23, 2017, 02:29:31 AM

I don't think bitcoin will be defeated or overcome by any other digital tokens that are available in the market. Bitcoin has got a better usability rather than the other assets that are given preference only for trading. Hope by the years to come things will change with the bitcoin and other altcoins, but bitcoin will stand high as the leader.

i am not agree too like you because bitcoin is the only way we can cash out from our crypto world into fiat and i think the other coin can't do this yet although i see there is many coin is offering the benefits like what bitcoin do. but we don't know what will happen in future but i am sure that bitcoin will be always a king for the other coin and there will be no other coin that can defeat bitcoin.

Indeed, I do believe that other currency couldn't surpass bitcoins because bitcoin is the only way for us to convert our money into fiat. And when the time we were a beginners bitcoin was the first introduced to us so it is more popular than other cryptocoin. They could compete with bitcoin but bitcoin will be still the origin of cryptocurrency.

I am not going to believe on this that bitcoin can ever be go down bitcoin was number one and it will be number one forever even the current coin coins that looks so strange what will happen to them is just they cannot stand in front of bitcoin and the value of the bitcoin is much more bigger than other currency.

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Ethereum and all the other altcoins still depending in Bitcoin's community, market and price, that's why i don't agree that Bitcoin will be replaced by other crypto currencies, at least in the nearest future. Bitcoin will stay for long time the first used and valuable crypto currency, in my opinion.

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Quote from: HeRetiK on July 23, 2017, 09:12:42 AM

Quote from: deisik on July 23, 2017, 07:11:10 AM

Quote from: HeRetiK on July 23, 2017, 06:46:07 AM

Yeah, the fact that ethereum smart contracts have been hacked twice does not inspire confidence. Especially since in both cases core ethereum developers have been involved - if they can't get a smart contract right, who can? The way the handled the first hack (ie. the rollback hardfork that resulted in ETC) makes matters event worst imo. What's the value of a blockchain that simply gets rolled back by its developers on the first signs of trouble?

Well, I certainly agree with that

But, on the other hand, isn't that exactly what banks at lower levels and governments at higher levels do on virtually a daily basis? If banks don't like your transaction, they can easily cancel or even revert it (at least, as long as the monies stay in the system). It is essentially the same with governments and Central banks which can and sometimes do actually cancel the whole money systems declaring them null and void. So, if we see the same process in some cryptocoin, it won't be trusted any more than banks are, but banks and governments still manage to enjoy some trust anyway, no matter what they do to undermine or hurt it

I think the main difference is that traditional banks and governments never claimed to be anything else. We know that they are in control, and they know that we know.

Cryptocurrencies by their very nature try to get rid of central control. So if one fails to follow that principle (looking at you ETH), it's only natural to get critical about said currency. Not that it gets reflected in ETHs price, mind you. If people actually gave a damn, the market situation of ETH and ETC would be reversed. It's almost as if the majority of people don't actually care for trustlessnes and decentralization ¯\_(ツ)_/¯

I'm not Ethereum, so don't look up at me

Other than that, that's what I've been telling myself for ages. The only thing that the majority of people actually care for are sheer profits. And that's not bad if you start to think of it. It prevents Bitcoin and its so-called community (in real life, a loosely knit group of committed speculators and die-hard profiteers) from turning into a sort of sect. Not being a sect allows Bitcoin to remain real and not run dry, so to speak. Ironically, Ethereum's Witnesses look more like a sect who easily accept rollbacks, drawbacks as well as other humiliations and perversions. In fact, they are a sect or cult in their own right

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Bitcoin is the pioneer in crypto currency.Many altcoins came with announcements that they would provide more features which are not found in bitcoin.But they lost their importance day by day.For example,we could say monero,zcash.But nothing was able to compete with bitcoin.On the other hand,bitcoin successfully overcome many obstacles created by governments and bankers.Still it survives.There is no such threat found now due to which bitcoin could loose its importance.Only FUD news is spread against bitcoin.But in reality,there is no such thing.

HeRetiK

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Quote from: deisik on July 23, 2017, 07:11:10 AM

Quote from: HeRetiK on July 23, 2017, 06:46:07 AM

Yeah, the fact that ethereum smart contracts have been hacked twice does not inspire confidence. Especially since in both cases core ethereum developers have been involved - if they can't get a smart contract right, who can? The way the handled the first hack (ie. the rollback hardfork that resulted in ETC) makes matters event worst imo. What's the value of a blockchain that simply gets rolled back by its developers on the first signs of trouble?

Well, I certainly agree with that

But, on the other hand, isn't that exactly what banks at lower levels and governments at higher levels do on virtually a daily basis? If banks don't like your transaction, they can easily cancel or even revert it (at least, as long as the monies stay in the system). It is essentially the same with governments and Central banks which can and sometimes do actually cancel the whole money systems declaring them null and void. So, if we see the same process in some cryptocoin, it won't be trusted any more than banks are, but banks and governments still manage to enjoy some trust anyway, no matter what they do to undermine or hurt it

I think the main difference is that traditional banks and governments never claimed to be anything else. We know that they are in control, and they know that we know.

Cryptocurrencies by their very nature try to get rid of central control. So if one fails to follow that principle (looking at you ETH), it's only natural to get critical about said currency. Not that it gets reflected in ETHs price, mind you. If people actually gave a damn, the market situation of ETH and ETC would be reversed. It's almost as if the majority of people don't actually care for trustlessnes and decentralization ¯\_(ツ)_/¯

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Quote from: ryanben on July 23, 2017, 07:12:10 AM

There are a lot of assumptions set out and among them there are assumptions that segwit is a conspiracy from a power behind the BTC, along with other contrasting opinions UAHF is the best choice for Bitcoin in the future.
Does anyone have any thoughts on this?

I am still not sure about the best scaling solution,but we must implement what the best scaling solution we have right now because we need to upgrade so that we could have faster transaction time and lower transaction fees and i am sure we will end up on top in the end,lets see how the scaling goes,what ever may be the case bitcoin will be the number one coin.

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Quote from: ethereumhunter on July 23, 2017, 03:13:59 AM

Quote from: oegarod on July 23, 2017, 02:29:31 AM

I don't think bitcoin will be defeated or overcome by any other digital tokens that are available in the market. Bitcoin has got a better usability rather than the other assets that are given preference only for trading. Hope by the years to come things will change with the bitcoin and other altcoins, but bitcoin will stand high as the leader.

i am not agree too like you because bitcoin is the only way we can cash out from our crypto world into fiat and i think the other coin can't do this yet although i see there is many coin is offering the benefits like what bitcoin do. but we don't know what will happen in future but i am sure that bitcoin will be always a king for the other coin and there will be no other coin that can defeat bitcoin.

Indeed, I do believe that other currency couldn't surpass bitcoins because bitcoin is the only way for us to convert our money into fiat. And when the time we were a beginners bitcoin was the first introduced to us so it is more popular than other cryptocoin. They could compete with bitcoin but bitcoin will be still the origin of cryptocurrency.

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Quote from: engwai on July 23, 2017, 03:58:41 AM

judging from eth capability, definitely will be one of the top in a long run like BTC, however BTC holds a really strong foundation.

I don't think that bitcoin wll be replaced by ETH or any other crypto's. There are just people who are hype makers and thinks that bitcoin won't be staying long at number one spot. Bitcoin is bitcoin and eth and others are alt coins which are far from comparing them. Bitcoin is the original crypto and you said it right, it has strong foundation.

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Quote from: ShadowBits on July 23, 2017, 04:10:44 AM

Quote from: MostHigh on June 12, 2017, 04:41:49 AM

Well, i will hold on to my bitcoin for some time. It is to me more stable than ether-um. I ve seen crypto-currencies come and go but the bitcoin is still here. Remember the pioneer is always one foot ahead.

i agree i am still on bitcoin, i dont even hold etherium yes it has a big community but some has doubt about etherium system hacked twice some say and think its a scam coin, its not stable but yes etherium has good market it has many holders but i cannot see it surpassing btc
bitcoin has established its network and develop trust and confidence of those who is into crypto

Ethereum is not good option for bitcoin users first. It is one of the weapon which is been handled by the international corporates against bitcoin. Nowadays you may noticed many businesses and projects are created based eth based smart contracts and non blockchain based project. These two words will let you think about it better I guess.

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Potential splitting is not that big deal really. Remember that ETH is also a product of a split. BTC turmoil is also normal. ETH has its own share of price dipping just this month while BTC is also at it. Right? It was around 70% of ETH that has gone with the wind. But it is also recovering just like BTC and other alts.

ETH will never surpass BTC. That's my opinion. But I am quite certain of it. ETH is second and it might remain there for a long time.

ryanben

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There are a lot of assumptions set out and among them there are assumptions that segwit is a conspiracy from a power behind the BTC, along with other contrasting opinions UAHF is the best choice for Bitcoin in the future.
Does anyone have any thoughts on this?

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Quote from: HeRetiK on July 23, 2017, 06:46:07 AM

Quote from: ShadowBits on July 23, 2017, 04:10:44 AM

Quote from: MostHigh on June 12, 2017, 04:41:49 AM

Well, i will hold on to my bitcoin for some time. It is to me more stable than ether-um. I ve seen crypto-currencies come and go but the bitcoin is still here. Remember the pioneer is always one foot ahead.

i agree i am still on bitcoin, i dont even hold etherium yes it has a big community but some has doubt about etherium system hacked twice some say and think its a scam coin, its not stable but yes etherium has good market it has many holders but i cannot see it surpassing btc
bitcoin has established its network and develop trust and confidence of those who is into crypto

Yeah, the fact that ethereum smart contracts have been hacked twice does not inspire confidence. Especially since in both cases core ethereum developers have been involved - if they can't get a smart contract right, who can? The way the handled the first hack (ie. the rollback hardfork that resulted in ETC) makes matters event worst imo. What's the value of a blockchain that simply gets rolled back by its developers on the first signs of trouble?

Well, I certainly agree with that

But, on the other hand, isn't that exactly what banks at lower levels and governments at higher levels do on virtually a daily basis? If banks don't like your transaction, they can easily cancel or even revert it (at least, as long as the monies stay in the system). It is essentially the same with governments and Central banks which can and sometimes do actually cancel the whole money systems declaring them null and void. So, if we see the same process in some cryptocoin, it won't be trusted any more than banks are, but banks and governments still manage to enjoy some trust anyway, no matter what they do to undermine or hurt it

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Quote from: thesavoyard on June 12, 2017, 04:11:18 AM

Quote from: BTCLovingDude on June 12, 2017, 04:07:37 AM

can you tell me what the problem with bitcoin is?

It can't scale, it's too slow to be a currency even when the blockchain isn't congested, too factional. Segwit isn't even a longterm solution and asic mining means centralization. Bitcoin doesn't do what it was intended to do after 9 years, imagine what problems there will be in 9 more? I'd like to see an asic proof coin become top.

That can happen. Bitcoin is constantly improving and improving. But in the long run to follow, there will probably be a more progressive kind of money, that is the rule. But until now, Bitcoin is still providing many benefits. Wealth does not come to those who are always afraid.

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Quote from: ShadowBits on July 23, 2017, 04:10:44 AM

Quote from: MostHigh on June 12, 2017, 04:41:49 AM

Well, i will hold on to my bitcoin for some time. It is to me more stable than ether-um. I ve seen crypto-currencies come and go but the bitcoin is still here. Remember the pioneer is always one foot ahead.

i agree i am still on bitcoin, i dont even hold etherium yes it has a big community but some has doubt about etherium system hacked twice some say and think its a scam coin, its not stable but yes etherium has good market it has many holders but i cannot see it surpassing btc
bitcoin has established its network and develop trust and confidence of those who is into crypto

Yeah, the fact that ethereum smart contracts have been hacked twice does not inspire confidence. Especially since in both cases core ethereum developers have been involved - if they can't get a smart contract right, who can? The way the handled the first hack (ie. the rollback hardfork that resulted in ETC) makes matters event worst imo. What's the value of a blockchain that simply gets rolled back by its developers on the first signs of trouble?

ShadowBits

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Quote from: MostHigh on June 12, 2017, 04:41:49 AM

Well, i will hold on to my bitcoin for some time. It is to me more stable than ether-um. I ve seen crypto-currencies come and go but the bitcoin is still here. Remember the pioneer is always one foot ahead.

i agree i am still on bitcoin, i dont even hold etherium yes it has a big community but some has doubt about etherium system hacked twice some say and think its a scam coin, its not stable but yes etherium has good market it has many holders but i cannot see it surpassing btc
bitcoin has established its network and develop trust and confidence of those who is into crypto

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judging from eth capability, definitely will be one of the top in a long run like BTC, however BTC holds a really strong foundation.

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