Topic: Could Monero replace Bitcoin soon? (Read 33721 times)

I don't think that monero can replace bitcoin "soon". When we say soon you are expecting that it will happen but I don't think it's very possible to happen. Bitcoin will always be the best crypto and look on the recent challenge on it with BTU. Every thing seems to be fine after that issue and btc did conquered.

monero is more expensive to send than btc

It can replace bitcoin soon but we need also to consider that monero is not the best alcoins in the market eth,zcash,litecoins have potential in replacing bitcoin also so we cant say that monero will replace bitcoin because there are so many altcoins in the market also.

It is possible since Monero has a solution for two very significant problems facing Bitcoin, and like Bitcoin is primarily designed for use as money

1) Monero has an adaptive blocksize and minimum block reward (tail emission). So there is no tradeoff between an adaptive blocksize limit and the need to replace the block reward with fee in order to secure the proof of work. This tradeoff lies at the heart of blocksize dispute in Bitcoin.

2) It has fungibility, privacy and anonymity built right into the blockchain.

There are of course no guarantees here and in the end market will be the final judge.

Some other possible contenders.

1) Ethereum. Although it was not designed to be used as money it can be used as money and at this point it does have a minimum block reward so an adaptive blocksize solution can be built upon it. Also the platform could be used to create a token with fungibility, privacy and anonymity. I do not like that fact that this project is moving away from proof of work.

2) Dogecoin. Of all the "Bitcoin clones" Dogecoin does have a minimum block reward so one can add an adaptive blocksize to it, without compromising security.

Very likely non contenders:

1) Litecoin. It has the same fundamental problems as Bitcoin only "kicking the can down the road"

2) Dash. In addition to having the same fundamental problems as Bitcoin and Litecoin with only "kicking the can down the road" the falling block reward also has to support the masternode network and project funding.

3) Bytecoin. The combination of a Cryptonote adaptive blocksize limit with no minimum emission  is a prescription for a security disaster. It is only a matter of time before Bytecoin with its fast falling block reward and no other way to secure the network becomes the target of a 51% attack. Bytecoin should be considered as the canary in the coal mine when it comes to adaptive blocksize limits with no minimum emission.

4) Ripple. This may well become viable  as a replacement for the Swift Network for bank to bank transfers but it way too centralized to be considered a replacement for Bitcoin. For starters it failed the FinCEN test of "decentralized virtual currency

5) Ethereum Classic. It made the fatal mistake of moving away from a minimum block reward in favor of a fixed maximum number of coins. See Litecoin and Dash above.

6) Bitcoin unlimited or similar Bitcoin forks. Please see Bytecoin above. In any case the "canary" will likely be dead and the miners will flee the coal mine before any of this gets implemented.

I think it is impossible if monero can replace bitcoin Because bitcoin is a benchmark price, as well as the USD, used benchmark world currency prices.
Do you agree with me ??

I think the biggest winner is ETH ，there are more and more project which based on ETH released.
and you can see the price of ETH,and it will raise more

dont know, can both Dash and Monero survive ? I think it is either one or the other.

Dash seems to be winning so far !

Monero have been growing higher and higher and now it has experienced a 30+ percentage of growth taking the price to be over $50. This might have made a capital increase in the volume. The same might increase in the upcoming days but replacement would never come to reality.

That was legendary, made my day, lol.

Could someday monero replace bitcoin. But that is impossible for now, bitcoin soared fast, maybe monero will exceed LTC. Dash. And eth. That's very likely my prediction. maybe.

Bitcoin mixing services?

And people having the need to mix their coins can of course rely on master nodes inside the DASH network, too. But basically the way it's done with bitcoin since it's beginnings is technically the same. Maybe the new ZEC zcash outperforms this past due to mixing across all coins in existance.
I am still using classical bitcoin mixing services.

http://praisemonero.org/

yes

LOL man https://monerodice.net/ is perfect one. It made loss for investors in past 3 years, that means that players got profit playing. I grantee one of most of not the most fair casino there is.

Why there must be replacement for Bitcoin? There is still much room for all and this kind of talks about only showing insecurity. Monero is something different, and some people don't like to be completly anonimus, army of selfies proving this hypothesis, for them we have Bitcoin.

How can you say , Just think about the background of the  monero and bitcoin and then compare the both .
Secondstrade thing see the review about the bitcoin profit in the Google and in monero , Ofcourse the people with the bitcoin got much profit and why not get , Because  bitcoin is a thing that is making everyone to buy sell in every Fiat or altcoin .
The most of the altcoins in the exchange ( altcoin trading exchage ) depends upon the bitcoin , you can make buy sell Only with the altcoins ( such type of exchage is yobit  where you can do nothing without​ bitcoin ) .
So always bitcoin will remain king .
I don't mean at all that monero is bad or doutbable coin , here the monero is new and users of the monero are very less then what the users in the bitcoin are . So probably it will take much time to Became comparable with the bitcoin .
Beside of the monero there are another altcoins that are powerful like eth , dash .
So Before the monero to overcome bitcoin , it need to replace eth and dash like altcoins .

I would like to see more dice sites use Monero.

How is that theory working out for you?

Given the 20% tax on ZEC paid to the corporation that controls it, I think it will be a scam regardless of adoption levels -- and that adoption levels will be vanishingly small.

The ZCash is not widely known at the moment. So it might have good usage in the next three to five years.

adoption are needed and security in order to trust this coin and more merchant should accept this kind of currency.. so that many impression and more people can rich this altcoin if they have a good performance more investors will come.. honestly they are just good in the first time and many of them are not successful in the end..