Topic: Can other cryptocurrency ovetake bitcoin inthe future? - page 4. (Read 4798 times)
Like I said before somewhere in this forum that the possibility of any other cryptocurrency overtaking bitcoin can't be denied. People having identified the flaws and disadvantages bitcoin has may come up with other cryptocurrency which are foolproof and technologically more advanced and acceptable and at the same time don't have flaws which other cryptocurrencies have till today.
The only way that alts could take down bitcoins is by connecting some source of power or reallife goods to those altcoins. I see the future as some corpocoins taking such roles. It might not be the same kind of corporations that we know today but yeah. Thats how I see it.
This is something I just spoke about not too long ago. I dont see that happen even if it will, its not happening anytime soon because all we see in Alts are just the initial hype and nothing more and even the developed being true to themselves knew they dont have the objective in mind just to create something to trade with and it goes off like that. Maybe one will break the jinx in the near future.
Re: Can other cryptocurrency ovetake bitcoin inthe future?
With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future?
With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future?
We are working on it.
I think that even if some altcoin will get bigger adoption than BTC in rl, BTC will still remain the main currency fot trading...
Over hundred shitcoin was getting die and that can become an evidence for us about the position of bitcoin. However with the future development of shitcoin with various features, the bitcoin had had his chair and crown.Every traders was changing his alt into the btc at the end of his day trading.
I think that even if some altcoin will get bigger adoption than BTC in rl, BTC will still remain the main currency fot trading...
Over hundred shitcoin was getting die and that can become an evidence for us about the position of bitcoin. However with the future development of shitcoin with various features, the bitcoin had had his chair and crown.Every traders was changing his alt into the btc at the end of his day trading.
I think that even if some altcoin will get bigger adoption than BTC in rl, BTC will still remain the main currency fot trading...
Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?! 
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
you know that your "b" and "d" are against each other.
when you are talking about a faster confirmation it means more blocks created. for example compared with bitcoin it means more than 1 block per 10 minutes on average. and there are altcoins that have this feature like 1 block every 30 seconds.
now imagine these altcoins handle the same number of transactions as bitcoin!
full blocks every 30 seconds means blockchain will size will increase 20 MB per 10 minutes and ~2.8 GB each day.
Unless you are using an online wallet, as in Steem. No need to download anything, and extremely quick confirmation. And they did some work to allow people to retrieve their accounts in case a hack took place. They can also handle lots of transactions.
The downside is that the developers own too much of the coin (not premined exactly, but they were mining after a small announcement and most miners missed it, and only came on board when the online interface was added).
It's possible I'm looking on Burstcoin and other similar crypto currency with different features and community adoption maybe one day a new coin or an existing one will come up and challenge Bitcoin but right now Bitcoin is still enjoying it's wide gap over all the other coins.
the main problem with all the altcoins that users are so happily advertise around here is that they have been created to be pump and dumped in other words their main purpose was to make more money from trading them. they rarely pay any attention to development and important things like real world usage that is why you never see anyone using them as currency in the real world.
of course to all i said there is always exceptions but even they are not that good or useful that can be used widely as bitcoin.
It's possible I'm looking on Burstcoin and other similar crypto currency with different features and community adoption maybe one day a new coin or an existing one will come up and challenge Bitcoin but right now Bitcoin is still enjoying it's wide gap over all the other coins.
Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
you know that your "b" and "d" are against each other.
when you are talking about a faster confirmation it means more blocks created. for example compared with bitcoin it means more than 1 block per 10 minutes on average. and there are altcoins that have this feature like 1 block every 30 seconds.
now imagine these altcoins handle the same number of transactions as bitcoin!
full blocks every 30 seconds means blockchain will size will increase 20 MB per 10 minutes and ~2.8 GB each day.
This topic already exists here.
But since you've asked I say everything is possible. Maybe in the future some new even more developed and perfect cryptocurrency will be invented. Technology is moving forward constantly.
But I don't think that Ethereum will take the Bitcoins place, it's not very likely.
But since you've asked I say everything is possible. Maybe in the future some new even more developed and perfect cryptocurrency will be invented. Technology is moving forward constantly.
But I don't think that Ethereum will take the Bitcoins place, it's not very likely.
Aside from that, bitcoin will always prevail at the top in the digital currencies. Particularly, at the present time now the price value of bitcoin at the moment is can be say as good and stable which other currencies can't do it ever since.
Litecoin. Everything else is just scam coin pump and dumps
Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet. In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
not only that, but the most important thing is that it should be accepted by merchants, bitcoin is big and well known because you can use it as a currency not only pump and dump scam, this is the most important thing, you will not have a good coin without this ability
Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.
I think it can be happen in the future because the circulation of bitcoin and numbers of bitcoin will gradually hard to get more supply or someday we will mine fewer rewards from blocks but it takes a long time before it happen so for me it is better to stay in bitcoin and use it while bitcoin has a good value and more stores right now are accepting bitcoin and more adoption will come so bitcoin will live long.. enjoy bitcoin while it is alive maybe year 2055 we will see that bitcoin will gradually die and some crypto will change position of bitcoin..You cant really set a time on which bitcoin would die because you cant able to predict future but for now bitcoin is the leading and father of all cryptos and the adoption is really rising and being accepted gradually on any country which mean it has the potential to grow even more.Replacing it by another altcoin might be possible but it would really be hard for the other altcoin devs to surpass bitcoin.
Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.
I think it can be happen in the future because the circulation of bitcoin and numbers of bitcoin will gradually hard to get more supply or someday we will mine fewer rewards from blocks but it takes a long time before it happen so for me it is better to stay in bitcoin and use it while bitcoin has a good value and more stores right now are accepting bitcoin and more adoption will come so bitcoin will live long.. enjoy bitcoin while it is alive maybe year 2055 we will see that bitcoin will gradually die and some crypto will change position of bitcoin.. Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet. In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
Yeah - should have added e) all the exchanges add the coin and speculators love it.
Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.
Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet. In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
Ethereum is essentially a Zombie. Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
If something overtakes Bitcoin then it has to be scandal free. Monero might do it if they can put Rpietila under house arrest..
Yup.
Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.
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