Is it still possible to invent certain Altcoin that can be better than Bitcoin? - page 3.

setialovers

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Maybe in terms of technology or transaction speed, there is altcoin that is able to rival Bitcoin but it's about investor confidence. Investor confidence in Bitcoin in the cryptocurrency market makes Bitcoin prices high and I think there might be an altcoin that rivals Bitcoin but it takes a long time to gain trust

NathanJB

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Quote from: NathanJB on January 22, 2020, 09:11:22 PM

Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Better in terms of what? If in terms of transaction speed, yes, and we already have faster altcoins. If in terms of fees, yes, and we already have altcoins offering much lower fees. If in terms of anonymity, yes, and we have much more private altcoins. So in terms of scalability, privacy, and other features we have much better altcoins. But the face of crypto is Bitcoin. Bitcoin is the god of crypto. Bitcoin is trusted, used, accepted, owned, coveted, etc more than all the altcoins combined.

What more can we ask for? This is ultimately complete and a strong currency for now, and even fiat cash couldn't overtake what legacy did bitcoin brought to us. Making bitcoin as God of crypto, can't be aligned to that but maybe I believed it was a father of crypto. If somebody can generate something that's more advantage beyond bitcoin's feature, I bet it's too difficult for him unless he is investing the entire saving he had and he should be one of the whales to establish an own cryptocurrency business.

Bitcoin is not ultimately complete as what you've said. It is not the strongest currency because it is in fact more used not as a currency but as an asset or a store of value. Bitcoin needs to develop further for it to become a strong currency. But fundamentally, Bitcoin is already great and we are going to become a better currency someday.

In cryptocurrency it can be said that bitcoin is the best among the others because we know that the features of dibitcoin are my trusted ones compared to altcoin. But this does not mean that altcoin is bad and there is no possibility for altcoin to overtake bitcoin, anything can happen later but for me for now bitcoin will be in the top position for a long time.

Bitcoin has already been overtaken in terms of certain features but it cannot be overtaken absolutely because Bitcoin is the first decentralized cryptocurrency that this world see. It cannot be taken out from the throne simply because its features are already improved by a few altcoins. That will not happen. Bitcoin is the corner stone in the whole of crypto. And it is still developing so it is still improving until now.

julius caesar

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I think if you are going to create an altcoin, it maybe can compete with bitcoin in terms of the transaction speed. But if you are going to compete against bitcoin price? That is kinda impossible. You need to gain a lot of investors first that will trust the coin that you have so that you can compete against bitcoin.

mobilestrike

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Many developers are presenting new edits in the code to show that they have something better in their system than bitcoin but it take a high struggle for a project to reach to the level of bitcoin which I think is impossible that any other coin will attain. Many people have spend time in searching for bitcoin and many people worked hard to convince others to adopt bitcoin which I have not saw in any other community of any coin.

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Quote from: spadormie on January 23, 2020, 11:54:27 AM

It should be specific in answering this question. In what terms that alt should be better than bitcoin? Is it on its transaction speed? If it is, then we already have alts for that. XRP, for a minute you can already receive it from one wallet to another. Or is it in terms of lowering the transaction fee? We also have that now. But for the price, it's very uneasy for a new altcoin to rise for it to take over bitcoin in terms of price. Even eth standing for how many years, still not enough to take over the king.

The problem is - every new currency have to wait several years before it makes visible progress.
But all that time in "queue" technologies of each currency gets older.
And so by the time when currency is somewhere near top it is already loses to fresh ones, but still can't compete with the king

spadormie

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It should be specific in answering this question. In what terms that alt should be better than bitcoin? Is it on its transaction speed? If it is, then we already have alts for that. XRP, for a minute you can already receive it from one wallet to another. Or is it in terms of lowering the transaction fee? We also have that now. But for the price, it's very uneasy for a new altcoin to rise for it to take over bitcoin in terms of price. Even eth standing for how many years, still not enough to take over the king.

Murat

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Why Not? It's possible and even everything is possible in this techno-based world, but at first, you need to focus on what features do you need and which perspective you are thinking better than Bitcoin, If you say about the faster platform then you may invent some other altcoin, if you think you are going to make a low fees based altcoin then it also possible but one thing you can't compare and invent that's familiarity, Bitcoin itself a brand on this cryptocurrency world, I think Nothing reaches the level of Bitcoin because it was the first stage of Blockchain and people knows actually cryptocurrency through Bitcoin.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

There will maybe a time that would to rapidly rise close to bitcoin. It could be possible but it should have to what it takes to be worthy of such high demand. It is so hard to say it so but the capacity of human to create those thing is unpredictable. Just for now, no one can, but maybe sooner or later on there will come a very rare idea worthy of getting so much attention that we cannot yet grasp for now.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

I think almost every projects try to invent such the "the next bitcoin but all of them failed. There's no future in making a cryptocurrency project if it is totally centralized. It is beyond of what the bitcoin is doing in its entire existence. Nowadays is getting hard to make such projects without any approval of the government because scam was very rampant before.

Mihaylovic

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

it is very possible. And there are already better blockchain solutions. but bitcoin is the first and most known one and that is why bitcoin dominates all the market.

nutriagrigia

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of course, it is not possible. there will be no altcoin that can gain more popularity than bitcoin itself. it is possible that if some kind of stablecoin will appears on the market that will be created by a large country, for example, China, it will be able to get capitalization higher than bitcoin, but I think that it will only be temporary because after some time people will stop using it and switch to bitcoin

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Quote from: Kersh768 on January 23, 2020, 10:54:00 AM

Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Why are people always thinking about creating or wishing that an Altcoin can go better beyond what Bitcoin can do for us. Mostly, people do keep on comparing those type of cryptocurrency that must not be because they do possess their own unique use and value for the daily lives of the people who believes in it. Also, what can we ask more for Bitcoin? It has already a wide range of usage and is the most popular and trusted cryptocurrency we can have in this industry. Instead of creating Altcoins that can go better than Bitcoin, why don't we just brainstorm on creating and generating ideas on how we can help the world to resolve its existing problems by using the modern technology to provide modern solutions in which we can use cryptocurrency. It can be possible to create such Altcoin but what will be the real essence of doing such when we already have Bitcoin that have wide range of usage and already existing Altcoins that can fill up those that cannot be catered by Bitcoin alone.

If he was a newcomer and that's not a problem to talk about this caused by he was not aware of the fact. This can be seen from the various perspective as there is a lot of aspects that need to be considered before.
Bitcoin and altcoin have their own advantages and some people may still think if altcoin can go beyond than bitcoin and for me, that's not a big problem.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Why are people always thinking about creating or wishing that an Altcoin can go better beyond what Bitcoin can do for us. Mostly, people do keep on comparing those type of cryptocurrency that must not be because they do possess their own unique use and value for the daily lives of the people who believes in it. Also, what can we ask more for Bitcoin? It has already a wide range of usage and is the most popular and trusted cryptocurrency we can have in this industry. Instead of creating Altcoins that can go better than Bitcoin, why don't we just brainstorm on creating and generating ideas on how we can help the world to resolve its existing problems by using the modern technology to provide modern solutions in which we can use cryptocurrency. It can be possible to create such Altcoin but what will be the real essence of doing such when we already have Bitcoin that have wide range of usage and already existing Altcoins that can fill up those that cannot be catered by Bitcoin alone.

CaVO32

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Quote from: meliodas on January 23, 2020, 10:37:02 AM

Quote from: Vishnu.Reang on January 23, 2020, 10:33:17 AM

As of now, more than 10,000 different altcoins exist. And none of them have managed to give tough challenge to Bitcoin, which happens to be the original cryptocurrency. And the OP is talking about a scenario in which some new coin is going to do what all these thousands of alts failed to do. Theoretically, it may be possible. But I don't think that it will happen anytime soon.

In that amount of altcoins that are created in the field of cryptocurrency, there are few cryptocurrencies that are good enough to give tough and tight challenge to bitcoin and the reason why they are not competing or receiving a lot of attention is because, people are not that open minded to look for other opportunities because they are brainwashed that bitcoin is only the best coin make investment.

i don't want to use the term brainwashed. but maybe, not open minded. the popularity of bitcoin usage can't really be overcome by most projects that are offering more benefits than bitcoin. truly, there are several projects that were created to be much superior than bitcoin, however, they can't compete with bitcoin because as you said, they are not open minded people. we want to stick with btc as much as we are stuck in using USD as the global currency. if you know someone who is not into crypto, if you ask if he has any idea with crypto, and the first thing that will come up to his mind, is bitcoin. all the other alts are just secondary or most of them don't know their existence.

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Quote from: NathanJB on January 22, 2020, 09:11:22 PM

Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Better in terms of what? If in terms of transaction speed, yes, and we already have faster altcoins. If in terms of fees, yes, and we already have altcoins offering much lower fees. If in terms of anonymity, yes, and we have much more private altcoins. So in terms of scalability, privacy, and other features we have much better altcoins. But the face of crypto is Bitcoin. Bitcoin is the god of crypto. Bitcoin is trusted, used, accepted, owned, coveted, etc more than all the altcoins combined.

Exactly, I think there are now a lot of altcoins let say that is more efficient in Bitcoin in terms of speed, transactional speed, security and more but I don't think there is the only thing they can't take away from Bitcoin and I think is the fame. Bitcoin is the most well-known crypto coin in this industry, it gained a lot of attention that is why a lot of business and even countries who already partnered with this coin. Probably, there will be some coin that would be much better in Bitcoin but for now, they can't beat the volume it has.

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Quote from: Vishnu.Reang on January 23, 2020, 10:33:17 AM

As of now, more than 10,000 different altcoins exist. And none of them have managed to give tough challenge to Bitcoin, which happens to be the original cryptocurrency. And the OP is talking about a scenario in which some new coin is going to do what all these thousands of alts failed to do. Theoretically, it may be possible. But I don't think that it will happen anytime soon.

In that amount of altcoins that are created in the field of cryptocurrency, there are few cryptocurrencies that are good enough to give tough and tight challenge to bitcoin and the reason why they are not competing or receiving a lot of attention is because, people are not that open minded to look for other opportunities because they are brainwashed that bitcoin is only the best coin make investment.

Vishnu.Reang

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As of now, more than 10,000 different altcoins exist. And none of them have managed to give tough challenge to Bitcoin, which happens to be the original cryptocurrency. And the OP is talking about a scenario in which some new coin is going to do what all these thousands of alts failed to do. Theoretically, it may be possible. But I don't think that it will happen anytime soon.

airdnasxela

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There are different factors when we say something is better. There are altcoins that are better when it comes to technicalities. And obviously more altcoin will emerge trying to be better than Bitcoin and providing what is lacking in Bitcoin. I think that's the reason why there's altcoin. They're trying to give more of what Bitcoin can give. But Bitcoin will remain as it is. It will still dominate the crypto market and new altcoins can not easily replace Bitcoin's place in the market.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

in my opinion, it's nearly impossible
as of now there already thousand of different altcoin
some of them are good and have a different purpose but will never go beyond bitcoin

kodtycoon

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there are already many altcoins there who have projects and ideas that are better than bitcoin, it's just that bitcoin is still too strong to be replaced, therefore for now there is still no one able to replace bitcoin even though they have better projects and ideas. we must be more patient for a big change because in the future anything can happen which of course with a big change will be a surprise

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