Competition of BTC | Bitcointalksearch.org

apriloni

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Quote from: armansolis593 on March 29, 2016, 12:48:27 AM

Quote from: Jmild1 on March 28, 2016, 03:30:20 PM

I hope we can have a single currency all over the world to avoid banking system and middle mans, and hoping that would be bitcoin

That wont happen as we are devided by many countries that want to rule the earth,now if we live in a world where there is only 1 government then we will have 1 currency.

If everybody uses bitcoin, there will be only one currency for major transactions. The local currency will die out.

armansolis593

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Quote from: Jmild1 on March 28, 2016, 03:30:20 PM

I hope we can have a single currency all over the world to avoid banking system and middle mans, and hoping that would be bitcoin

That wont happen as we are devided by many countries that want to rule the earth,now if we live in a world where there is only 1 government then we will have 1 currency.

Jmild1

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I hope we can have a single currency all over the world to avoid banking system and middle mans, and hoping that would be bitcoin

Nimbulan

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Quote from: Natlind on March 28, 2016, 02:37:42 PM

There is no competition for Bitcoin. The second largest coin is Ethereum, but it is not just a coin.

well even though ethereum is getting pretty big it seems that most probably it will not overtake bitcoin any time soon

i hope that bitcoin will be the largest currency in the future that will replace all the money and everyone will use it

Natlind

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There is no competition for Bitcoin. The second largest coin is Ethereum, but it is not just a coin.

haileysantos95

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Quote from: panju1 on March 17, 2016, 11:40:21 AM

Even if a killer alt comes up, what stops Bitcoin developers (apart from their ego) from implementing the new features?
Ethereum is in an whole new league, though.

Whole new league for?..eth contract is that what you are saying?.
Even the eth is still going to its development pace,so theres nothing new about that shit coin.

panju1

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Even if a killer alt comes up, what stops Bitcoin developers (apart from their ego) from implementing the new features?
Ethereum is in an whole new league, though.

armansolis593

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Quote from: HarryKPeters on March 16, 2016, 05:50:43 AM

I don't see it happening bitcoin will take over the dollar are even a small currency. Which is not bad, since the goal is different.
When it comes to competition of the altcoins, there is no even at 5% when it comes to the infrastrucure.

It will surely replace dollar in 50 years time,at that time the bitcoin will be mainstream and all the country is using bitcoin.
Supporters of bitcoin have been making movements so that bitcoin will also be supported by big companies.

HarryKPeters

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I don't see it happening bitcoin will take over the dollar are even a small currency. Which is not bad, since the goal is different.
When it comes to competition of the altcoins, there is no even at 5% when it comes to the infrastrucure.

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Quote from: Amph on March 16, 2016, 04:33:51 AM

Quote from: trenchflaint on March 16, 2016, 01:44:16 AM

Quote from: n0ne on March 15, 2016, 10:49:39 AM

All the altcoins were in competition with the bitcoin. Bitcoin is the leader for such a technology. Even without altcoins bitcoin would never reached this position within a very short term of seven years.

I doubt that it will reach its peak at 7 years,its good to have competitors as its strives developer to work more and more to make bitcoin better.
Ideas coming from alts i a good thing which we can implement in bitcoin for the near future.

not that good to have many competitors, because the money will flow away from bitcoin to those shitcoin, and diluite the market, and thus making bitcoin less valuable, or less inclined to be valuable in the short term at least

Yes I think that Bitcoin will be more used later in the future as a good payment method. It will also replace dollar in the future.
And that is quite good. The world is also becoming more digital and that is very good for the Bitcoin.

Amph

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Quote from: trenchflaint on March 16, 2016, 01:44:16 AM

Quote from: n0ne on March 15, 2016, 10:49:39 AM

All the altcoins were in competition with the bitcoin. Bitcoin is the leader for such a technology. Even without altcoins bitcoin would never reached this position within a very short term of seven years.

I doubt that it will reach its peak at 7 years,its good to have competitors as its strives developer to work more and more to make bitcoin better.
Ideas coming from alts i a good thing which we can implement in bitcoin for the near future.

not that good to have many competitors, because the money will flow away from bitcoin to those shitcoin, and diluite the market, and thus making bitcoin less valuable, or less inclined to be valuable in the short term at least

trenchflaint

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Quote from: n0ne on March 15, 2016, 10:49:39 AM

All the altcoins were in competition with the bitcoin. Bitcoin is the leader for such a technology. Even without altcoins bitcoin would never reached this position within a very short term of seven years.

I doubt that it will reach its peak at 7 years,its good to have competitors as its strives developer to work more and more to make bitcoin better.
Ideas coming from alts i a good thing which we can implement in bitcoin for the near future.

n0ne

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All the altcoins were in competition with the bitcoin. Bitcoin is the leader for such a technology. Even without altcoins bitcoin would never reached this position within a very short term of seven years.

apriloni

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Quote from: mickiya on March 01, 2016, 12:57:35 PM

Quote from: maokoto on February 29, 2016, 02:19:06 PM

I will not risk to talk about a specific coin alternative, but I think POS as a concept is here to stay. Mining is more and more centraliced everyday, and people want the thrill of generating new coins. Bitcoin will stand and some POS alternatives will be there too.

Ethereum is PoW at the moment. It is the second largest digital coin. It will become PoS in 10 months time. It will be the largest PoS.

PoW is better for the health of the coin in the initial stages. In the future, the PoS will save a lot of electricity.

mickiya

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Quote from: maokoto on February 29, 2016, 02:19:06 PM

I will not risk to talk about a specific coin alternative, but I think POS as a concept is here to stay. Mining is more and more centraliced everyday, and people want the thrill of generating new coins. Bitcoin will stand and some POS alternatives will be there too.

Ethereum is PoW at the moment. It is the second largest digital coin. It will become PoS in 10 months time. It will be the largest PoS.

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I will not risk to talk about a specific coin alternative, but I think POS as a concept is here to stay. Mining is more and more centraliced everyday, and people want the thrill of generating new coins. Bitcoin will stand and some POS alternatives will be there too.

mickiya

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Quote from: romero121 on February 28, 2016, 10:57:53 AM

Quote from: apriloni on February 28, 2016, 08:37:57 AM

Quote from: takingthis4 on February 09, 2016, 12:33:51 PM

There always will competitors like Litecoin and Dogecoin but bitcoin have strong position

These coins are just clones of bitcoin, there is no other innovation. If I have bitcoin, I do not need those coins.

Eventhough they are the clones, they have also made their way to compete with the innovater.
I feel with these it is good to earn altcoins and use those to buy bitcoins.

That is the main reason I mine altcoin. That is my way to earn bitcoin. I sell those altcoin to buy bitcoin.

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Quote from: apriloni on February 28, 2016, 08:37:57 AM

Quote from: takingthis4 on February 09, 2016, 12:33:51 PM

There always will competitors like Litecoin and Dogecoin but bitcoin have strong position

These coins are just clones of bitcoin, there is no other innovation. If I have bitcoin, I do not need those coins.

Eventhough they are the clones, they have also made their way to compete with the innovater.
I feel with these it is good to earn altcoins and use those to buy bitcoins.

apriloni

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Quote from: takingthis4 on February 09, 2016, 12:33:51 PM

There always will competitors like Litecoin and Dogecoin but bitcoin have strong position

These coins are just clones of bitcoin, there is no other innovation. If I have bitcoin, I do not need those coins.

mickiya

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Quote from: romero121 on February 10, 2016, 06:50:16 AM

Bitcoin is the cryptcurrency that has evolved first and still growing. Following this based on bitcoins technology other alternative currencies came into existence and now trying to overcome bitcoin which is the master of crypts, that is not possible anytime

Only new coins with general or specific application where bitcoin cannot compete will be successfully.

Topic: Competition of BTC (Read 3455 times)