There's no need in other cryptocurency. In fact forks only disperse our efforts
Monopoly is always a bad idea.
Topic: Can other cryptocurrency ovetake bitcoin inthe future? - page 2. (Read 4798 times)
Monopoly is always a bad idea.
It is not impossible, the new cryptocurrencies system offers much better than bitcoin. For an example is the Etherium and Monero, the main problem is too many bitcoin confirmation so make bitcoin too long to wait.
slow confirmation doesn't mean make bitcoin weak and overtake-able.the "kingdom" of bitcoin is too strong to break and to be replaced.
monero or ethereum not even worth to compare to bitcoin , they have a potential indeed but let's see how long they can survive defend their feature.
It is not impossible, the new cryptocurrencies system offers much better than bitcoin. For an example is the Etherium and Monero, the main problem is too many bitcoin confirmation so make bitcoin too long to wait.
Not all of the disadvantages in bitcoin was useless, the confirmation has needed for prevent the double spend. Someone can spend one stuff for double and read this.https://medium.com/@octskyward/double-spending-in-bitcoin-be0f1d1e8008#.qg1ry4ixj
It is not impossible, the new cryptocurrencies system offers much better than bitcoin. For an example is the Etherium and Monero, the main problem is too many bitcoin confirmation so make bitcoin too long to wait.
Bitcoin might not be the backed by the best tech or the brightest solutions we can think of at this moment.
In fact I expect that more sophisticated and 'more efficient' coins will appear in the future but that fact doesn't matter for BTC.
What matters is perfect bitcoin distribution - I am not necessarily talking here about 'lucky' early adopters or stash of Satoshi.
The reality that bitcoin was totally worthless matters here - every new altcoin is supposed to be worth something the more expensive the better.
I am not worried that altcoins will beat BTC because their distribution will never be ideal as the distribution of something that initially had completely no value.
In fact I expect that more sophisticated and 'more efficient' coins will appear in the future but that fact doesn't matter for BTC.
What matters is perfect bitcoin distribution - I am not necessarily talking here about 'lucky' early adopters or stash of Satoshi.
The reality that bitcoin was totally worthless matters here - every new altcoin is supposed to be worth something the more expensive the better.
I am not worried that altcoins will beat BTC because their distribution will never be ideal as the distribution of something that initially had completely no value.
There's no need in other cryptocurency. In fact forks only disperse our efforts
you know there're cryptocurrencies with completely different code bases right? not all of them are forking on bitcoin
There's no need in other cryptocurency. In fact forks only disperse our efforts
What is your view of the overtake ?
"Market capitalization" or "Brand power" or "Usability and Scalability" ?
It it changing "what is your main point"
From wan.
"Market capitalization" or "Brand power" or "Usability and Scalability" ?
It it changing "what is your main point"
From wan.
I was thinking the same thing, but then I came to a conclusion that we'll never see any real competition to the bitcoin and it will be the only real player in the world when it comes to cryptocurrency.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
At the start of this year you could only trade btc and litecoin against fiat, and even with those it was only on exchanges like btc-e.
Since then coinbase, kraken and others have added other alts, and the possibility now exists that if an alt performs better than bitcoin, people will switch to it. It's no longer a bitcoin-only space with alts relegated to alt exchanges. All the players are now configured to be able to switch to any alt that looks like taking bitcoin's crown. That is a major development.
I was thinking the same thing, but then I came to a conclusion that we'll never see any real competition to the bitcoin and it will be the only real player in the world when it comes to cryptocurrency.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
At the start of this year you could only trade btc and litecoin against fiat, and even with those it was only on exchanges like btc-e.
Since then coinbase, kraken and others have added other alts, and the possibility now exists that if an alt performs better than bitcoin, people will switch to it. It's no longer a bitcoin-only space with alts relegated to alt exchanges. All the players are now configured to be able to switch to any alt that looks like taking bitcoin's crown. That is a major development.
I was thinking the same thing, but then I came to a conclusion that we'll never see any real competition to the bitcoin and it will be the only real player in the world when it comes to cryptocurrency.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
well i think either some other cryptocurrency comes along and dethrones bitcoin or a major country will eventually roll out its digital currency, causing a decrease in bitcoin's adoption growth
I was thinking the same thing, but then I came to a conclusion that we'll never see any real competition to the bitcoin and it will be the only real player in the world when it comes to cryptocurrency.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
Now many may say that such coins like dash or ETH or even zcash might replace it but lets be honest there is no true alternative to bitcoin.
Altcoin exist because of bitcoin , so no bitcoin = no altcoin
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently
thought people usually refer to altcoins as any other cryptocurrency and not exclusively those forked on bitcoin, some have independent code bases and only follow certain concepts behind bitcoin like the blockchain.
bitcoin was just the first, and if it didn't exist, some other would've been created since there's been plenty of digital currency in the past
Altcoin exist because of bitcoin , so no bitcoin = no altcoin
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently
I am totally sure that any altcoin can grow enough to "beat" Bitcoin. There are for sure a lot of conditions to be met for that, some of them are :
- Merchant integration.
- Service integration.
- Large community.
- Decentralisation.
- Transparency.
- Open organisation.
As of what i saw on the forum, these are some of the most important options an Altcoin must realise in order to succeed.
Merchants and services integration have nothing to do with exchanges, i personally advise altcoins to avoid these places especially in early stages, and focus more on the merchant/service integration, community development, as these are the most important growing engines for an Alt.
There are some coins here who followed these rules and they are doing fine now. By the way, the price of a coin isn't a growth indicator at all, but the volume growth is an indicator, as it shows how much the coin is used each day.
- Merchant integration.
- Service integration.
- Large community.
- Decentralisation.
- Transparency.
- Open organisation.
As of what i saw on the forum, these are some of the most important options an Altcoin must realise in order to succeed.
Merchants and services integration have nothing to do with exchanges, i personally advise altcoins to avoid these places especially in early stages, and focus more on the merchant/service integration, community development, as these are the most important growing engines for an Alt.
There are some coins here who followed these rules and they are doing fine now. By the way, the price of a coin isn't a growth indicator at all, but the volume growth is an indicator, as it shows how much the coin is used each day.
re: Jim Rickards: How to make a fortune before 2018
At 6:30 minute he predicted gold would rise $100 if Trump won.
Well I also predicted Trump would win and even wrote a detailed blog on why.
And I also wrote extensively about that gold had peaked at $1362 and would crash after the coming Trump victory, and head towards $1050 and probably a low of $850.
It is all in the Martin Armstrong thread.
Rickards is correct about the coming monetary reset, but he is wrong about gold in the near-term. Again everything you need to know is in the Martin Armstrong thread.
Continue to ignore me at your peril. And that includes the Bitcoin killer altcoin I will soon be launching.
(Note I also predicted the recent rise of Bitcoin from mid $600s to high $700s. I also predicted the rise of silver from $20s to $48 and fall back to $20s back in 2010 many months before it happened. That was published on marketoracle.co.uk. I also predicted the fall of Bitcoin from the $700s to $300 and then the $150 low.)
At 6:30 minute he predicted gold would rise $100 if Trump won.
Well I also predicted Trump would win and even wrote a detailed blog on why.
And I also wrote extensively about that gold had peaked at $1362 and would crash after the coming Trump victory, and head towards $1050 and probably a low of $850.
It is all in the Martin Armstrong thread.
Rickards is correct about the coming monetary reset, but he is wrong about gold in the near-term. Again everything you need to know is in the Martin Armstrong thread.
Continue to ignore me at your peril. And that includes the Bitcoin killer altcoin I will soon be launching.
(Note I also predicted the recent rise of Bitcoin from mid $600s to high $700s. I also predicted the rise of silver from $20s to $48 and fall back to $20s back in 2010 many months before it happened. That was published on marketoracle.co.uk. I also predicted the fall of Bitcoin from the $700s to $300 and then the $150 low.)
it is possible to overtake bitcoin but it will be quite difficult, if the growth of bitcoin transaction and the user still big then it will be near to impossible for other crypto currencies to rule down bitcoin, unless bitcoin suddenly got issue, then any crpto currency can replace bitcoin, but up until now i don't see any dominance of alt coins that have a chance to replace bitcoin
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?
I think this is posible but not for now. For now many people using bitcoin, bitcoin already trusted by the people as the first cryptocurrency.
Many merchants accept bitcoin payment, and bitcoin exchanger is exist in every country.
it must take long times and must have the trust from the people if want to be overtake bitcoin.
But now there are some candidates who would be great altcoin in the future. of course, if the coin was still survive
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?
I don't think so. Bitcoin has made the first move and it has received a great deal of support from the community. New people come to know about crypto currency through bitcoin. I think bitcoin will be the king and will dominate over all other altcoins. Bitcoin can't be replaced.
100%, it's not going to be an exciting race for bitcoin as it will remain the Usain Bolt of crypto and untouchable for a long time. Gulden vs Litecoin is where the real action is going to take place. (excluding anonymous coins and assets which has it's own race)
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?
I don't think so. Bitcoin has made the first move and it has received a great deal of support from the community. New people come to know about crypto currency through bitcoin. I think bitcoin will be the king and will dominate over all other altcoins. Bitcoin can't be replaced.
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