Is there a chance that ALTCOIN will Replace Bitcoin In Future? - page 3.

jenny399

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Quote from: hercules006 on January 13, 2018, 06:03:15 AM

Will replace bitcoin? I don't think so, look, many Will claim that they are better than bitcoin, but they're not, few years back, bitcoin process and fees are the same as other altcoin, they claim that they're better without considering the fact that they're walking on the path that bitcoin created few years back. Bitcoin is the king, it pave the path while altcoin look up. Bitcoin is simple and efficient, years ahead tested, and continually upgrading base on demand, it's also widely adopted. There's more but I prefer not to discuss. Altcoin claiming that they're better than bitcoin is like, child claiming to be wise and brilliant than his grandfather. Totally bullshit. Grin

i somehow agree but many has left bitcoin due to its high fee and time taking transactions

Reid

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This value of bitcoin is because of the trust it got from all the users of it.
With a lot of altcoins out there, how do you think a large amount of people will have the same thinking of just trusting one again.
All will have the same problem when it gets populated. The bloated transactions is the problem. Too many users and cannot be handled.
I do think all of them will have the same problem when that time comes.

sonomaguy

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Of course not. Bitcoin is clearly a protocol for sending value around the internet. Any computer science geek can tell you it meets all the requirements to be a bona fide protocol.

All protocols gain dominance and hold it in the same way, without exception: Once one protocol gets out in a clear lead against any competing protocols, the Network effect never fails to work for it and against every competitor. This is unavoidable; it's just human nature.

hercules006

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Will replace bitcoin? I don't think so, look, many Will claim that they are better than bitcoin, but they're not, few years back, bitcoin process and fees are the same as other altcoin, they claim that they're better without considering the fact that they're walking on the path that bitcoin created few years back. Bitcoin is the king, it pave the path while altcoin look up. Bitcoin is simple and efficient, years ahead tested, and continually upgrading base on demand, it's also widely adopted. There's more but I prefer not to discuss. Altcoin claiming that they're better than bitcoin is like, child claiming to be wise and brilliant than his grandfather. Totally bullshit. Grin

BUSTEDCLUB

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Quote from: HeRetiK on January 13, 2018, 05:44:11 AM

None of the decentralized alts are scaling better than BTC though. For the most part their fees are still low because they process only a fraction of the transactions that BTC does.

I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.

I agree for now, but maybe in the future there will be an altcoin work just like bitcoin but with cheaper fee and faster transaction

HeRetiK

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None of the decentralized alts are scaling better than BTC though. For the most part their fees are still low because they process only a fraction of the transactions that BTC does.

I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.

jenny399

newbie

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It seems rising fees of Bitcoin BTC has causing people to leave it and attain other currencies.Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. So its a big disadvantage here for bitcoin
As far i think bitcoin will loose its value

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