I like this thread, i see a lot of funny people who don't even understand the meaning of a cryptocurrency.
the bitcoin is not the kinf of Cryptocoins, he is just the first one, because of him, and of the people who trusted in him, he got to a point where his value is much appreciated by a lot of people, who use it, here is the main difference between cryptocurrencies.
the question in this thread is anti-crypto, because the most important role of a crypto is not to help some kids to get their 10 bucks a week, no, the major aim of a crypto is to bear a project, bring new technologies, or new ways to use technologies. this is why people invest in ICOs, not to run Pump/Dump projects, you should really revise what you know about the crypto history, owning a currency means owning freedom, as cryptos are decentralised, every one holding a crypto holds also a share of freedom.
This is the main role and attribute of a crypto.
Now regarding this Zcash, i don't even want to know where it comes from, i am here since some years and i never heard about him unless some weeks ago. Beware.
Topic: Can other cryptocurrency ovetake bitcoin inthe future? (Read 4742 times)
With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum or other well known cryptocurrencies can be a threat to bitcoin dominance?
Nope, it never happen other altcoin replace bitcoin. Because the price for each bitcoin is very high and the most expensive one than other cryptocurrencies. In my opinion price is really matter on cryptocurrencies and all cryptocurrencies always using bitcoin rates.
I will say it is possible, it's depend on the user and how the coin developer convince the user and investor, the more user used the coin the more valuable the coin will be, for now nothing can beat bitcoin because the user is a lot compare to other alt coin
LOL,
My Turn: New Trucker Joke
Grass, DASH, ZCASH, or ASS ?
Nothing is going to over take bitcoin and if bitcoin falls in its ass everything is coming down to eat dust.Zcash is just a comic coin and the hype it got made the price sky rocket in the beginning and now it will come down and in the mean time the developers will have a nice time with the money they earned with the release. 
With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum or other well known cryptocurrencies can be a threat to bitcoin dominance?
No one can overtake bitcoin, bitcoin will be always the father of all altcoin and they going to treat bitcoin well because if bitcoin died then maybe this altcoin will be dying too. Let say that there's an altcoin that more expensive than bitcoin but it don't have exchange website.I think it is possible if the other coin get major support from companies.
That is right. If the AMD or nVidia want to support the ZCash mining, they can buy a few ZCAsh and raise the price.
I think if some altcoin comes up with a good way of onboarding mainstream users, then it might have a good shot of overtaking bitcoin. Maybe one of the combination social media cryptocurrency appcoins.
I ever find that in my experience, and a lot of them was failing.
I think if some altcoin comes up with a good way of onboarding mainstream users, then it might have a good shot of overtaking bitcoin. Maybe one of the combination social media cryptocurrency appcoins.
With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum or other well known cryptocurrencies can be a threat to bitcoin dominance?
No one can overtake bitcoin, bitcoin will be always the father of all altcoin and they going to treat bitcoin well because if bitcoin died then maybe this altcoin will be dying too. Let say that there's an altcoin that more expensive than bitcoin but it don't have exchange website. 
I think it is possible if the other coin get major support from companies.
That is right. If the AMD or nVidia want to support the ZCash mining, they can buy a few ZCAsh and raise the price.
I think it is possible if the other coin get major support from companies.
it is better chance for KDC or klondikecoin to do it
I think have some coin like this but not now 
The only possbility is the ZCash.
I think have some coin like this but not now
ethereum can potential to overtake bitcoin
but still never overtake is bitcoin not die
only bitcoin can easy exchange to fiat money, only ethereum and litecoin can several exchange sample kraken can support pair fiat money
but still never overtake is bitcoin not die
only bitcoin can easy exchange to fiat money, only ethereum and litecoin can several exchange sample kraken can support pair fiat money
What always surprises me is that new altcoins start new block chains, instead of forking off bitcoin.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
If that's the case, altcoins are just "alternative bitcoins" and one cannot really say that they "overtake" it. They would simply be forks of the same original chain.
The fork could be entirely radical, with different emission schemes, different mining, different rules: the only thing that is taken over from bitcoin is the initial distribution at the moment of forking. One could even eliminate Satoshi's stash if that's considered a potential problem.
Nobody has done this as far as I know, and I don't know why (except for the obvious reason that this doesn't allow for an initial scammy premine or ninjamine). the boundaries between "bitcoin" and "altcoins" would be much more blurred then. All bitcoin holders (in the past) would then automatically become new coin holders too, which would create an initial community much larger than what one could hope with a new chain. For the fairness and the quality of the new coin, I cannot think of a better way to start it than fork it off bitcoin, but I never saw this happening.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
If that's the case, altcoins are just "alternative bitcoins" and one cannot really say that they "overtake" it. They would simply be forks of the same original chain.
The fork could be entirely radical, with different emission schemes, different mining, different rules: the only thing that is taken over from bitcoin is the initial distribution at the moment of forking. One could even eliminate Satoshi's stash if that's considered a potential problem.
Nobody has done this as far as I know, and I don't know why (except for the obvious reason that this doesn't allow for an initial scammy premine or ninjamine). the boundaries between "bitcoin" and "altcoins" would be much more blurred then. All bitcoin holders (in the past) would then automatically become new coin holders too, which would create an initial community much larger than what one could hope with a new chain. For the fairness and the quality of the new coin, I cannot think of a better way to start it than fork it off bitcoin, but I never saw this happening.
I am not that into the project but heard something like it.
Do check it out if you are interested to know more.
What always surprises me is that new altcoins start new block chains, instead of forking off bitcoin.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
Can't solve the onboarding problem that way. Bitcoin has the most exclusive distribution of geeks. Sorry.
I think Byteball is coming up with something like you have mentioned.
Everyone will dump their free Byteball tokens and the market value will be destroyed. Auroracoin tried money drops. They don't work.
I'm not a stratis fan but just looking their history.
What always surprises me is that new altcoins start new block chains, instead of forking off bitcoin.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
Can't solve the onboarding problem that way. Bitcoin has the most exclusive distribution of geeks. Sorry.
I think Byteball is coming up with something like you have mentioned.
Everyone will dump their free Byteball tokens and the market value will be destroyed. Auroracoin tried money drops. They don't work.
Russia returned land to the peasants after Perestroika and the peasants sold it back to the oligarchs.
What always surprises me is that new altcoins start new block chains, instead of forking off bitcoin.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
If that's the case, altcoins are just "alternative bitcoins" and one cannot really say that they "overtake" it. They would simply be forks of the same original chain.
The fork could be entirely radical, with different emission schemes, different mining, different rules: the only thing that is taken over from bitcoin is the initial distribution at the moment of forking. One could even eliminate Satoshi's stash if that's considered a potential problem.
Nobody has done this as far as I know, and I don't know why (except for the obvious reason that this doesn't allow for an initial scammy premine or ninjamine). the boundaries between "bitcoin" and "altcoins" would be much more blurred then. All bitcoin holders (in the past) would then automatically become new coin holders too, which would create an initial community much larger than what one could hope with a new chain. For the fairness and the quality of the new coin, I cannot think of a better way to start it than fork it off bitcoin, but I never saw this happening.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".
If that's the case, altcoins are just "alternative bitcoins" and one cannot really say that they "overtake" it. They would simply be forks of the same original chain.
The fork could be entirely radical, with different emission schemes, different mining, different rules: the only thing that is taken over from bitcoin is the initial distribution at the moment of forking. One could even eliminate Satoshi's stash if that's considered a potential problem.
Nobody has done this as far as I know, and I don't know why (except for the obvious reason that this doesn't allow for an initial scammy premine or ninjamine). the boundaries between "bitcoin" and "altcoins" would be much more blurred then. All bitcoin holders (in the past) would then automatically become new coin holders too, which would create an initial community much larger than what one could hope with a new chain. For the fairness and the quality of the new coin, I cannot think of a better way to start it than fork it off bitcoin, but I never saw this happening.
That is a wonderful idea and I think Byteball is coming up with something like you have mentioned. But a user have to use the bitcoin address and prove that he controls the address by signing the message and after verification you will get equal amount of byteball tokens/coins as your btc balance.
Everyday new altcoin are posting new innovation and great features but until now they are all just potential and bitcoin is still the leading currency,but I'm not discounting the idea that it's possible that a new crypto currency will emerge in the market that can compete with Bitcoin's supremacy.
Anything on this world could possibly be replaced by another thing.In the situation of bitcoin,it could possibly be surpassed by other altcoins but regarding on its state now i dont think it that can alt could easily replace it.As you mentioned almost every week or months there are new altcoins are being created with some new feature compared to bitcoin but it cant really out power bitcoin.
Everyday new altcoin are posting new innovation and great features but until now they are all just potential and bitcoin is still the leading currency,but I'm not discounting the idea that it's possible that a new crypto currency will emerge in the market that can compete with Bitcoin's supremacy.
Well this is not impossible to happen . I mean who knows what the future might bring? Maybe some time in the future, some altcoin is invented that is better than bitcoin, Who knows?
But breaking the walls of bitcoin will be really hard, After many years pass by bitcoin still reigns as the most used cryptocurrency .
But breaking the walls of bitcoin will be really hard, After many years pass by bitcoin still reigns as the most used cryptocurrency .
Jump to: