Topic: Could Monero replace Bitcoin soon? - page 11. (Read 33721 times)
Yes, because its better
.... potential replacement for bitcoin. We all thought it was litecoin.
You all thought is was litecoin maybe. Litecoin is so much a clone of Bitcoin such that any fatal flaw in Bitcoin will also be a fatal flaw in litecoin. Litecoin is pointless.
Dislodging Bitcoin is a difficult task but not unachievable. However, currencies like Dogecoin or Litecoin will never be up to the task since they are fundamentally no different from their parent Bitcoin. Only the highly innovative currencies with unique features will be able to take on Bitcoin in the future.
It depends on the further development of the CryptoNote technology. If it is done properly, Monero will be big.
The CryptoNohope technology is the problem and thats why after 2 years there is still no Monero wallet.
It aint going anywhere fast. The bitcoin protocol will win as there is many more talented developers working on that and cryptonohope will be left behind in its dust.
I see a much brighter future for alternative coins using the btc base.
.... potential replacement for bitcoin. We all thought it was litecoin.
You all thought is was litecoin maybe. Litecoin is so much a clone of Bitcoin such that any fatal flaw in Bitcoin will also be a fatal flaw in litecoin. Litecoin is pointless.
Dislodging Bitcoin is a difficult task but not unachievable. However, currencies like Dogecoin or Litecoin will never be up to the task since they are fundamentally no different from their parent Bitcoin. Only the highly innovative currencies with unique features will be able to take on Bitcoin in the future.
It depends on the further development of the CryptoNote technology. If it is done properly, Monero will be big.
No, Monero can't replace Bitcoin soon, people need to understand that investment in Bitcoin is very huge and there is a reason Why it is valued close to $10 billion and all Altcoins are valued arround $2 billion, Is possible for one of this Altcoins to reach $10 billion but it first needs to match Bitcoin investment level. Once Rostock become up and running is going to create a huge gulf between Bitcoin and Altcoins.
However, Bitcoin will probably remain just a currency for investments while Monero will be the real cryptocurrency that we'll use.
You cannot closed the fact that some impossible things will be happen and i think any coin would provably surpass another coin if it can gather some global support and devs development plan in the future, and i think their difference for now is bitcoin has wide market with merchant accepting it slowly but for monero i don't see any adoption on merchant's or if it have just post it here, and that is the difference what i've seen for them.
In this time XMR just becoming an alternative coins for traders and i never seeing the another things is more than just be an alternative coins.
Someone in here ever seeing the monero is more than just be an alternative coins like becoming a goods payment or another?
I dont. Can you explain it to me please.
Use the google man..
https://en.wikipedia.org/wiki/Fungibility
The number of people who are interested in privacy is small. It is limited to some paranoid people (who may have a genuine reason for being paranoid) and those who are operating outside the law (buying stuff on the darknets).
Sure Monero might take away some of the dark business from bitcoin. But it can't scale beyond that. Remember, bitcoin was king of the darknets in 2012 - it had the whole market to itself. And BTC had a small marketcap at the time, because that is what the whole darknet market looks like - small in the grand scheme of things. Offline, cash is still king. Online a cryptocurrency needs to go mainstream to grow.
Sure Monero might take away some of the dark business from bitcoin. But it can't scale beyond that. Remember, bitcoin was king of the darknets in 2012 - it had the whole market to itself. And BTC had a small marketcap at the time, because that is what the whole darknet market looks like - small in the grand scheme of things. Offline, cash is still king. Online a cryptocurrency needs to go mainstream to grow.
do you know what 'fungibility' is?
I dont. Can you explain it to me please.
That is where the side coins and colored coins that have these things built into the GUI's and wallets comes into play. Instead of dropping back to paper contracts and FIAT, the user pushes the necessary funds and fees into something like Monero and easily does what would have taken hours of learning, maybe days on the main chain.
No, Monero can't replace Bitcoin soon, people need to understand that investment in Bitcoin is very huge and there is a reason Why it is valued close to $10 billion and all Altcoins are valued arround $2 billion, Is possible for one of this Altcoins to reach $10 billion but it first needs to match Bitcoin investment level. Once Rostock become up and running is going to create a huge gulf between Bitcoin and Altcoins.
However, Bitcoin will probably remain just a currency for investments while Monero will be the real cryptocurrency that we'll use.
You cannot closed the fact that some impossible things will be happen and i think any coin would provably surpass another coin if it can gather some global support and devs development plan in the future, and i think their difference for now is bitcoin has wide market with merchant accepting it slowly but for monero i don't see any adoption on merchant's or if it have just post it here, and that is the difference what i've seen for them.
No, Monero can't replace Bitcoin soon, people need to understand that investment in Bitcoin is very huge and there is a reason Why it is valued close to $10 billion and all Altcoins are valued arround $2 billion, Is possible for one of this Altcoins to reach $10 billion but it first needs to match Bitcoin investment level. Once Rostock become up and running is going to create a huge gulf between Bitcoin and Altcoins.
However, Bitcoin will probably remain just a currency for investments while Monero will be the real cryptocurrency that we'll use.
No, Monero can't replace Bitcoin soon, people need to understand that investment in Bitcoin is very huge and there is a reason Why it is valued close to $10 billion and all Altcoins are valued arround $2 billion, Is possible for one of this Altcoins to reach $10 billion but it first needs to match Bitcoin investment level. Once Rostock become up and running is going to create a huge gulf between Bitcoin and Altcoins.
However, Bitcoin will probably remain just a currency for investments while Monero will be the real cryptocurrency that we'll use.
No, Monero can't replace Bitcoin soon, people need to understand that investment in Bitcoin is very huge and there is a reason Why it is valued close to $10 billion and all Altcoins are valued arround $2 billion, Is possible for one of this Altcoins to reach $10 billion but it first needs to match Bitcoin investment level. Once Rostock become up and running is going to create a huge gulf between Bitcoin and Altcoins.
.... potential replacement for bitcoin. We all thought it was litecoin.
You all thought is was litecoin maybe. Litecoin is so much a clone of Bitcoin such that any fatal flaw in Bitcoin will also be a fatal flaw in litecoin. Litecoin is pointless.
Dislodging Bitcoin is a difficult task but not unachievable. However, currencies like Dogecoin or Litecoin will never be up to the task since they are fundamentally no different from their parent Bitcoin. Only the highly innovative currencies with unique features will be able to take on Bitcoin in the future.
.... potential replacement for bitcoin. We all thought it was litecoin.
You all thought is was litecoin maybe. Litecoin is so much a clone of Bitcoin such that any fatal flaw in Bitcoin will also be a fatal flaw in litecoin. Litecoin is pointless.
@owlcatz. Yes the gui sounds good but what Monero needs is a good light wallet and a web wallet that is provided by a third party. If third party developers from bitcoin will crossover to Monero then that would be a sign that the XMR blockchain will be a fomidable one beating all the others for the title of potential replacement for bitcoin. We all thought it was litecoin.
There already is a great web wallet - https://mymonero.com/#/
The thing about this coin is it's privacy features. It's not a BTC clone, the code is completely different. It's not out to "beat" BTC, it's just a new coin altogether, it's about true fungibility, and optional privacy. You don't walk around with your wallet open to see how much $ you have in it do you? Same with Monero.
Yes that web wallet is good enough but you do not get my point. It is important the 3rd party developers and companies must create 3rd party software for Monero. When more and more 3rd party software and services are being created, we could see that there is interest from outside the Monero development team to create a whole new ecosystem. Bitcoin started this way. After the darknet market acceptance the 3rd party developers are needed to walk on the road of success.
Yes, I agree 100%. What you are missing is this not ready yet for that. The DNM's chose to adopt this coin before it was fully official - which is fine, but yes, you are not going to see services and stuff popping up all over like with monero overnight... This is not bitcoin, it's not a "New thing" like bitcoin was. It will take even more time to gain more traction, adoption, and awareness as to unfungibility of bitcoin and it's clones.
I am sorry the operators of the DNM's chose to adopt the coin before an official GUI was out, or even official non-beta daemon binaries, but I'm only saying the truth here - this project has been ridiculed, pissed on, trolled, and everything in between, so give a bit of credit where it's due. Monero is a long term coin. Always has been. That's why all these newbies buying them the past few days just panic sold them all today during the dumps... Give it a few more days, and more weak hands will be shaken out. No different than bitcoin crashing to 2 dollars from 30 after the silk road started, right?
thanks for the dialogue. I hope you really are a bbc reporter. lol.
@owlcatz. Yes the gui sounds good but what Monero needs is a good light wallet and a web wallet that is provided by a third party. If third party developers from bitcoin will crossover to Monero then that would be a sign that the XMR blockchain will be a fomidable one beating all the others for the title of potential replacement for bitcoin. We all thought it was litecoin.
There already is a great web wallet - https://mymonero.com/#/
The thing about this coin is it's privacy features. It's not a BTC clone, the code is completely different. It's not out to "beat" BTC, it's just a new coin altogether, it's about true fungibility, and optional privacy. You don't walk around with your wallet open to see how much $ you have in it do you? Same with Monero.
Yes that web wallet is good enough but you do not get my point. It is important the 3rd party developers and companies must create 3rd party software for Monero. When more and more 3rd party software and services are being created, we could see that there is interest from outside the Monero development team to create a whole new ecosystem. Bitcoin started this way. After the darknet market acceptance the 3rd party developers are needed to walk on the road of success.
Bitcoin is way more established than Monero. NO, Monero will not replace BTC
There will come a time when someone that does not have Bitcoin core downloaded and does not have the programming knowledge or the time needs to secure a TX, knowing that one of the great things about BTC is "no refunds".
What does that even mean? You secondstrade spammers are ridiculous.
Bitcoin is way more established than Monero. NO, Monero will not replace BTC
There will come a time when someone that does not have Bitcoin core downloaded and does not have the programming knowledge or the time needs to secure a TX, knowing that one of the great things about BTC is "no refunds".
Bitcoin is way more established than Monero. NO, Monero will not replace BTC
Monero, maybe litecoin, maybe dogecoin, or perhaps a new currency 'will be' created and will replace 'all. Monero is an interesting alt btw
Ummm dogecoin does not even exist anymore, what are you talking about?
Not a big follower of doge anymore, but what's this then?
https://poloniex.com/exchange#btc_doge
Any way reading about monero is very intersting.. seems we missed a nice chance to ean some solid profit. but this is the beauty of crypto currency. people don't know which coin do what..
@owlcatz. Yes the gui sounds good but what Monero needs is a good light wallet and a web wallet that is provided by a third party. If third party developers from bitcoin will crossover to Monero then that would be a sign that the XMR blockchain will be a fomidable one beating all the others for the title of potential replacement for bitcoin. We all thought it was litecoin.
There already is a great web wallet - https://mymonero.com/#/
The thing about this coin is it's privacy features. It's not a BTC clone, the code is completely different. It's not out to "beat" BTC, it's just a new coin altogether, it's about true fungibility, and optional privacy. You don't walk around with your wallet open to see how much $ you have in it do you? Same with Monero.
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