XtraBYtes solves the major issues with Bitcoin, unlimited scaling, 100% security, no chance of a 51% attack, no POW, no POS either.
https://bitcointalksearch.org/topic/new-xby-ann-xtrabytes-because-the-blockchain-can-be-better-1864397
Topic: if bitcoin dies, what alt would you go for? (Read 11417 times)
If Bitcoin died we go for fiat not altcoins. 
The first question I ask is:
1) What would be the most likely cause of Bitcoin's death?
The next question I ask is:
2) Which coin(s) (note I say coins not tokens) have a solution to (1) above?
I have been looking at question 1 above since 2011, when I first got involved with BItcoin, and I have come to the conclusion that the fixed 1 MB blocksize limit, and Bitcoin's inability to scale on the main chain is in fact the answer to question 1. Attacks on fungibility come in my opinion second. Furthermore second tier solutions such as the lighting network require scaling of the main chain in order to function, so while they do have very valid uses there are not a solution to the inability of the main chain to scale. At the heart of the problem lies the 21,000,000 XBT limit in Bitcoin, since this requires the eventual replacement of block rewards with fees to secure the proof of work. The trouble with this is: How does one make fees to rise? The answer becomes restricting the blocksize to create transaction scarcity. It is this that lies at the heart of Bitcoin's core opposition to increasing the blocksize. They are genuinely concerned about the long term security of Bitcoin and want to force the "fee market" while there is still enough block reward left to secure Bitcoin.
There is currently one coin among the top 10 in marketcap that has a solution to question 1 above, That is of course Monero. The reason is that Monero has both an adaptive blocksize limit and a minimum permanent emission of 0.6 XMR per block. The permanent emission ensures that Monero does not have to rely on a "fee market" in the future to secure the coin and fees can then be used to control the growth, via a market, of the blocksize by forcing the total amount of fees per block to compete with the emission. The net effect of this is that the total amount of fees per block becomes proportional to the emission so it becomes clear that fees can never replace the emission over the long term.
If one takes a look at other tokens one must first eliminate those tokens whose primary purpose in not their use as money. This does not mean that those tokens do not have value in their own right and may be worthy of investment and / or speculation. Examples of this are Ethereum, Ripple, NEM, Ethereum Classic and Stratis. This leaves Litecoin, Dash, Monero and Bytecoin as tokens that aim to be coins. Litecoin and Dash have fundamentally the same issue as Bitcoin. A fixed maximum number of coins and a fixed blolcksize. In reality all they offer is a "kick the can down the road" solution. Bytecoin is more interesting. It has the same adaptive blocksize limit as Monero but a finite number of coins. This is aggravated by a very fast emission curve and a pre - mine / ninja mine of over 80% of the max number of coins. The net result of this is a block reward that is already below Monero's permanent block reward and falling fast. I believe that it is simply a matter of time before Bytecoin is taken down by a 51% attack. It could also fall to one of the many attacks that Shelby Moore III has described under one of his many usernames in this forum. I know many in the Monero community see Bytecoin as the scam in the pre / ninja mine. I rather see Bytecoin as the canary in the coal mine, when one considers solutions such Bitcoin Unlimited. This air is getting more foul every 2 minutes and it is only a matter of time before the canary dies.
So what is left is Monero which also has the solution of a robust answer to the fungibility attacks on Bitcoin.
Edit: The Monero minimum emission is below 1% year inflation. This places it below the long term inflation rate of gold. For comparison it corresponds approximately to Bitcoin having a minimum emission of 3 XBT per block.
1) What would be the most likely cause of Bitcoin's death?
The next question I ask is:
2) Which coin(s) (note I say coins not tokens) have a solution to (1) above?
I have been looking at question 1 above since 2011, when I first got involved with BItcoin, and I have come to the conclusion that the fixed 1 MB blocksize limit, and Bitcoin's inability to scale on the main chain is in fact the answer to question 1. Attacks on fungibility come in my opinion second. Furthermore second tier solutions such as the lighting network require scaling of the main chain in order to function, so while they do have very valid uses there are not a solution to the inability of the main chain to scale. At the heart of the problem lies the 21,000,000 XBT limit in Bitcoin, since this requires the eventual replacement of block rewards with fees to secure the proof of work. The trouble with this is: How does one make fees to rise? The answer becomes restricting the blocksize to create transaction scarcity. It is this that lies at the heart of Bitcoin's core opposition to increasing the blocksize. They are genuinely concerned about the long term security of Bitcoin and want to force the "fee market" while there is still enough block reward left to secure Bitcoin.
There is currently one coin among the top 10 in marketcap that has a solution to question 1 above, That is of course Monero. The reason is that Monero has both an adaptive blocksize limit and a minimum permanent emission of 0.6 XMR per block. The permanent emission ensures that Monero does not have to rely on a "fee market" in the future to secure the coin and fees can then be used to control the growth, via a market, of the blocksize by forcing the total amount of fees per block to compete with the emission. The net effect of this is that the total amount of fees per block becomes proportional to the emission so it becomes clear that fees can never replace the emission over the long term.
If one takes a look at other tokens one must first eliminate those tokens whose primary purpose in not their use as money. This does not mean that those tokens do not have value in their own right and may be worthy of investment and / or speculation. Examples of this are Ethereum, Ripple, NEM, Ethereum Classic and Stratis. This leaves Litecoin, Dash, Monero and Bytecoin as tokens that aim to be coins. Litecoin and Dash have fundamentally the same issue as Bitcoin. A fixed maximum number of coins and a fixed blolcksize. In reality all they offer is a "kick the can down the road" solution. Bytecoin is more interesting. It has the same adaptive blocksize limit as Monero but a finite number of coins. This is aggravated by a very fast emission curve and a pre - mine / ninja mine of over 80% of the max number of coins. The net result of this is a block reward that is already below Monero's permanent block reward and falling fast. I believe that it is simply a matter of time before Bytecoin is taken down by a 51% attack. It could also fall to one of the many attacks that Shelby Moore III has described under one of his many usernames in this forum. I know many in the Monero community see Bytecoin as the scam in the pre / ninja mine. I rather see Bytecoin as the canary in the coal mine, when one considers solutions such Bitcoin Unlimited. This air is getting more foul every 2 minutes and it is only a matter of time before the canary dies.
So what is left is Monero which also has the solution of a robust answer to the fungibility attacks on Bitcoin.
Edit: The Monero minimum emission is below 1% year inflation. This places it below the long term inflation rate of gold. For comparison it corresponds approximately to Bitcoin having a minimum emission of 3 XBT per block.
Is it conceivable that there could be a high enough volume of small-fee transactions that restricting the block size to raise fees would be unnecessary?
Definitely it will be Litecoin (LTC) to replace bitcoin. It is essentially an improved version of BTC.
https://litecoincore.org
https://litecoincore.org
From early start of ETH i listening stories about how ETH is going to replace Bitcoin, which is absurd to me, and if happen anyway it will come from an decentralized, people's platform, which will be so good, ground will shake from it.
We are far from this moment Bitcoin is still king and won't go without blood.
We are far from this moment Bitcoin is still king and won't go without blood.
Alts seem nothing but something which could be bubbled up hard once a group of some monopolistic people needs money, and will burst the bubble upon those innocent traders who don't even know what they are getting trapped for. Still if the question remains same, I would say that I won't believe in anything else because if bitcoins could die, why not these alts can?
If BTC dies, altcoin would worth nothing because that's just an alternative and you can't expect much from them. I doubt altcoin will exist if bitcoin dies.
But who knows maybe altcoin still alive yet Bitcoin still no.1 on cryptocurrency.
But who knows maybe altcoin still alive yet Bitcoin still no.1 on cryptocurrency.
I think the one to replace Bitcoin is going to be Etherium. Other coins are also good, but it is just the second highest in marketcap. I would go for Etherium, unless i would need anonimity. Then maybe Monero.
if bitcoin die? ithink ill go in ethereum..
Yeah me too, I choose ethereum as subtitutions of bitcoin because as you can see the price of ethereum in the market were raised up too. However, a lot of people were open says bad thing against ethereum because they cannot expect that their price in the market were straightly growing up.i choose ethereum too because i see that ethereum project is good and now the price is increase more. dash will be an option too because dash giving another chance for us to see the profit. but i am not agree that bitcoin is going to died because bitcoin have many support from the big whales and i think they will not let this happen and they still give the support for bitcoin itself but every cryptocurrency have possibility to died and not just bitcoin but for bitcoin, many of us don't want this is happen.
If this such thing will really happen i will fully buy with all my money on cryptocurrency to eth if eth would be still alive in that times,also litecoin maybe an option too if ethereum will be gone too
If BTC dies, I would buy DASH and its little Brother PIVX.. and some ETH too
If bitcoin will dies then i will choise Etherneum against bitcoin.Eth will be the next btc without any doupt i think.
Yeah, that's my thoughts aswell. Tho, I'm thinking of starting to obtain some Ethereum aswell as btc, in minor amounts but still trying to gather up as much as I can, because Ethereum has really gotten my interest in the past months or so.
even if bitcoin will die or not i will also invest in other altcoin for profit porpuses so if one them exceed btc then its fine on me.
There is no doubt, I will always choose Expanse.
Because It will surely have a successful future.
Because It will surely have a successful future.
If bitcoin dies, which I dont' believe it will, all altcoins will die with it. The only way to kill bitcoin right now is for the governments to shut down the entire Internet.
Not necessarily. Bitcoin dying does not mean altcoins will die as well. There are altcoin that have fresh codes, different approach than what bitcoin did. One might even have solutions to bitcoins problem. Those coins may survive. Like nem have different target customers than bitcoin have.
Bitcoin won't die without collateral damage, this could be colossal. I'm not sure ETH or any other present alt will be safe when something like this occurs. We could be witness of corporate takeover, and we can forget for decentralization like never been happen. Death is one what scares me, dividing of BTC will make more damage and big money can help this happen..
if bitcoin die? ithink ill go in ethereum..
Yeah me too, I choose ethereum as subtitutions of bitcoin because as you can see the price of ethereum in the market were raised up too. However, a lot of people were open says bad thing against ethereum because they cannot expect that their price in the market were straightly growing up. 
if bitcoin die? ithink ill go in ethereum..
Ethereum is several times faster than BTC. And raiden will come this month, and it will allow over 1mil TPS. Hardly any users ? There are hundreds of dapps, eth has real usage. Also check the volume.
You can invest into litecoin and depend on the 2-3 chinese whales, i won't. Every few days that wang guy tweets something to either drop or pump the price, because he alone has 35% of total hashrate.
You can invest into litecoin and depend on the 2-3 chinese whales, i won't. Every few days that wang guy tweets something to either drop or pump the price, because he alone has 35% of total hashrate.
what's his twitter account? I think I need to follow him...
Ripple there I will occupy in the long run.
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