Topic: Could Bitcoin be replaced by an altcoin? (Read 1316 times)

For all those doubting bitcoin, I would like to add a line from my favorite club

http://imgur.com/XvQXmR1.jpg

 

Or pay higher transaction fees and realize none of the other altcoin shit amounts to anything but hype (except for I guess Monero).

Bitcoin went from 95% market cap domination to 81% in the last months, the chance it being overtaken by the altcoin market is quite high at the moment, people start moving its money to other coins.

The free market will chose, we replace bitcoin or we replace Core.

With the halving and increase usage, next 6 months are critical, plan accordingly.

In order to beat Bitcoin, you much provide something that Bitcoin can't do which is more popular and has greater network effects.

Bitcoin for the moment owns the store-of-value and slow-large medium-of-exchange functions of crypto currency, and that is unlikely to change unless Bitcoin so screws up the block size issue that the market is forced to choose a new block chain for these properties of money.

However, the instant-micro medium-of-exchange function of crypto currency is still wide open. Ditto on chain privacy and anonymity, which appears to be a two horse race between Monero and Z(ero)cash, but I have my doubts as to how popular/practical overt privacy and anonymity will be. Bitcoin is hoping for Lightning Networks (<-- click the Reddit link at the linked post) but LN requires large block sizes for garbage collections spikes and it realistically can't allow anyone to pay anyone, plus it is a centralization paradigm to be owned by large corporate servers. V(anilla)Cash is pitching some insecure Zero Time shit that can't scale. Bitshares and Dash are pitching some more flawed shit, and even I discovered that InstantX's white paper had a high school level math error in its security calculation which made it seem much more secure than it is.

Ethereum has no users, no chance of scaling decentralized, and no one has even shown that any Dapps are important and/or can't be done in another way. I pointed out the prior day that Augur is insecure.

Market cap is irrelevant if it is not sustained, because P&Ds are easy for whales to conduct by buying from themselves, including constructing fake buy walls.

So yes I think Bitcoin can be beat. But it won't be easy. And the chances are slim. You actually have to have a plan for stimulating instant microtransactions medium-of-exchange adoption. It won't just happen by magic and you won't be able to just employ the mass media to dazzle the gullible tinfoil speculator junkies for the userbase since Bitcoin already captured them.

Chinese Mining Cartel

Replaced as a PoW digital gold? I doubt it. As something else, of course.

http://browse.dict.cc/esperanto-english/monero.html

The rest of the non english speaking world could easily think the same about the name "bitcoin"

lol don't be stupid monero will never replace anything, the name itself is retarded

Don't forget the power of being first to the market.

Some (or a lot) people might have some knowledge of bitcoin.

Almost no one has ever heard of altcoins.

All the other altcoins are a long way to go before they can reach what bitcoin have reach in just a short period of time \,I don't say it will need a miracle but it will need hard work and wide adoption to do that ,so goodluck..

^^^ well just to disclose currently I do hold Monero. I don't really get what people see in eth it just seems like another altcoin, if someone could explain this to me I would be much more understanding. As far as Monero goes i'm very happy to have bought it when I did and think are bull trend is just starting up. It does have improved privacy feature to bitcoin, but I really doubt it or any others will be replacing bitcoin any time soon.

Monero

LOL.   Bitcoin should become an ethereum based token. 

Save btc from the chinese miners who ruined it.

Bitcoin will still be the gold or the reserve currency in the crypto currency world. Ethereum will still be a altcoin.

no.  etherium can be a challenger but they will fail because without bitcoin there will no cryptocurrencies or altcoins. bitcoin keeps altcoins alive and bitcoin is accepted in some countries and in the world wide web as a currency. nothing will ever surpass bitcoin.

There is no chance at all the millions of marketcap is to huge to close the gap and Bitcoin is now on a wide spread adoption if a new altcoin emerge it is because of Bitcoin success without it no altcoin will emerge

If it happened so far it's looking like ETH would be the challenger.

it's not about the marketcap only, bitcoin is actually accepted in most store, ethereum never will be like any other alt, because they do not offer anything, when we talk about acceptance
you need a very long time before you get accepted everywhere like bitcoin, why suddely ethereum should be accepted everywhere? i can not see it

It will never ever happen.
i will accept if you will tell me that who is owner of Bitcoin?

None. No one can surpass mighty btc.