Is future really bitcoin?> - page 6.

Coyster

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Quote from: rufio90210 on July 24, 2019, 05:32:40 AM

Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins?

I wouldn't mind if you give us a comprehensive list of the coins you claim are better equipped than the bitcoin, as far as I know, no alternative coin has the capability to compete with the bitcoin, no alt is even a threat to bitcoin.
Bitcoin is the main coin because it's the first, most stable, has the highest value and is the top of the cryptocurrency coins.

BitcoinPanther

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I can still say that Bitcoin is the future and that will never change. Even there are many Altcoins that come out every day, I would still keep my confidence to Bitcoin. I know that the people behind Bitcoin will never let the mother of all coins lose its value or the development of Bitcoin will stop.

inechain_original

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Many people doubt that cryptocurrencies are permanent or reliable. Since the government treats them with great caution. Because Gov can not control this process. Hah! But truth can be born in chaos. And not only in a rigid monopoly. Shocked

FlightyPouch

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Quote from: rufio90210 on July 24, 2019, 05:32:40 AM

Why is bitcoin considered the main one

Because it is the first crypto currency ever. You are the first in the line so obviously, you will be the one first in all of the things especially demand. You get the higher price that means you can get more profit out of it, it is volatile and decentralized so much better.

Quote from: rufio90210 on July 24, 2019, 05:32:40 AM

if it is decentralized? No one is able to improve it?

We call them developers and doesn't mean it is decentralized, no one is developing it. Decentralized meaning no one controls it, it does not mean that no one improves it. Keep reading.

Zentachain1990

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No Btc is not future. Future is blockchain. We may say that BTC is just one product of Blockchain. Blockchain is the future of world and technology. We can not say that BTC equal Blockchain. Blockchain will change everything in the world.

bitbunnny

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Yes, there are many coins at the market. Too many if you ask me. No matter that competition is good there are not much quality coins at market with good perspective, so, yes, future still belongs to Bitcoin. It's still the most accepted, most used in real world and with potential for further development even for implementing in traditional fiat financial systems. At the moment I can't see anything that could replace Bitcoin in crypto world.

Chlotide

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Quote from: rufio90210 on July 24, 2019, 06:45:16 AM

Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?

There is a team that handles any updates on the bitcoin core software and on the blockchain in reneral. But mainly there arr many trade-offs. They can make blocks bigger for example, for scalability purposes, but that might compromise security, make node setup much harder, increase the "oprhan" proportion between blocks and many others that we might not even think about. It is very hand to update the perfect system. You have to take too many variables into account.
It will take some time for the shitcoins to evolve and come up with better ideas and newer thechnologies that eventually can be implemented into btc if the community will agree.
The same thing is all over the tech world. Very hard to upgrade without screwing something else up. Patience my friend...

Herros

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Because basically, technology in Bitcoin provides a decentralized currency circulation system in the hands of members Lot. Therefore, no one person is committed to holding more authority in the aphis or the intervention of Bitcoin. Because it grows and circulates in the virtual world, buy/sell Bitcoin directly so that global consumption is not centered on the regulation of the state Multigriya Keluaga.

mirakal

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Can you edit your thread title to "Is Bitcoin really the Future"?

For me yes, we don't know really but I believe it is the future in the crypto world, and not only bitcoin because the crypto market is growing and the adoption continues. I can envision the future that crypto is a big part of the digital currency world, especially bitcoin.

Rufsilf

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Quote from: Dingdongjl on July 24, 2019, 07:05:25 AM

Let me return back the question here, why we need other coin with the same as Bitcoin when there is already one existing with just the same characteristics and already known by most of the people in the world, mining will just also consume the same as bitcoin "if the coin reach what bitcoin have right now".

We don't need any other coin right now aside from Bitcoin but as we all know people are always experimenting on many things and there is a possibility that someone who can be as smart or smarter that Satoshi Nakamoto will create another coin that is better that bitcoin, then there is a chance that bitcoin will disappear, we just don't know when.

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Quote from: loopes on July 24, 2019, 07:02:59 AM

Quote from: rufio90210 on July 24, 2019, 06:45:16 AM

Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?

One of the reasons that Bitcoin as a the first cryptocurrency becomes number one is its huge community. Because of this, i think, on the contrary, the other cryptocurrencies should compete the existence of bitcoin.

This looks like the main factor 'the huge community', even those coin that forked out of bitcoin because of the governance issue still look back at bitcoin's community, they cant have that size. The market trend now is adding up to the bitcoin community while investors are dumping other coin to hold bitcoin, it also looks like the only fund coming in is into bitcoin. The confidence is high in bitcoin and the generally known name in the space.

Dingdongjl

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Let me return back the question here, why we need other coin with the same as Bitcoin when there is already one existing with just the same characteristics and already known by most of the people in the world, mining will just also consume the same as bitcoin "if the coin reach what bitcoin have right now".

YuginKadoya

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If given that some Altcoin will have an opportunity to increase in value just like Bitcoin or some Altcoin would gain the level just like Bitcoin did, It will be the same the transaction would surely get slower because of Bitcoin back then had a faster transaction because it's not that hard to mine back then, The fact that there are miner fees to cover and miner to confirm a transaction they will need a higher fee, And that is why lightning network was introduce,

Well, I can say that Bitcoin may become a future currency or asset because it got the foundation that its stablish right now more than any other Altcoin, It is the main crypto and the father of all Cryptocurrencies so that is the real base of Bitcoin's superiority.

loopes

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Quote from: rufio90210 on July 24, 2019, 06:45:16 AM

Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?

One of the reasons that Bitcoin as a the first cryptocurrency becomes number one is its huge community. Because of this, i think, on the contrary, the other cryptocurrencies should compete the existence of bitcoin.

Pixyoxx

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I think the future really is Bitcoins as it is the most dominant Cryptocurrency in the market right now and also it's decentralised.
Most people trust and invest in Bitcoins than any other.
Although legalisation with the government is the most important step before we can say anything about evolution of Bitcoins.

rufio90210

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Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?

muslol67

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Quote from: rufio90210 on July 24, 2019, 05:32:40 AM

Hi,

Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.

If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins? Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?

The subject of mining and energy is completely relative. The energy consumed in today's conditions will not be the same as the future. Perhaps, as a result of some technological developments, energy consumption will decrease. I think we have more important problems, such as legal regulations.

rufio90210

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Hi,

Im new to trading, there are so many coins and I keep reading about bitcoin being unsustainable regarding energy it uses to mine and there are coins coming out with faster transactions time.

If this is the case, Why is bitcoin considered the main one and its price not crashing from the threat of these other more equipped coins? Is bitcoin still able to develop and evolve and become energy sustainable and compete with faster transaction times if it is decentralized? No one is able to improve it?

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