Topic: Is there a reason why Bitcoin has to be the crypto in the future? - page 3. (Read 1595 times)
July 10, 2018, 12:56:48 PM
I don't believe that there is any hard and fast rule or any other solid reason for Bitcoin to be the best crypto in the future. It is, in fact, the first to be in the arena and has proven to be a valuable asset over the years. Anyway, there can be and will be some other coins which may come closer to the Bitcoin or sometimes go pass it as well as there's nothing is fixed or guaranteed to be the best in any field or a sector.
July 10, 2018, 12:35:14 PM
Yes,bitcoin has got lot of fans..And in the future bitcoin still going to rule like the way it's going on and on.
June 08, 2018, 02:49:28 PM
of course this place is to be, since we understand that the blocking system has already entered our life and there is definitely no way back, and all that is now being built on the blockade is our future, just for it to become more mass, it takes time, I think that by 2021 most of the companies will switch to the block system
June 08, 2018, 10:37:02 AM
Because the bitcoin is the pioneer of cryptos and until now there are still bitcoins over, so many people will still see this coins, and experience it , it will live until the future comes, and bitcoins is the best and advance crypto nowadays so it will remain and still standing! And also it is well gained and distributed crypto no crypto is better than it
June 06, 2018, 11:42:44 PM
Lets see what will happen in the future. It doesn't mean because bitcoins is the most popular crypto now a days it will last until the end. It depends on the supply needed.
yes bitcoi will be the best crypto in the future bcz btc is more advance than other.transaction is easy and btc can proceed huge transaction.
its strong and its best to use.its user frndly
its strong and its best to use.its user frndly
I don't see why bitcoin is more advanced than other cryptos, nor why it's easier or why it could process larger transactions?
There's plenty of alternatives out there, with more functionality, faster, is there not?
I see the only gain is how well distributed Bitcoin is, because no new coin can ever acquire the same kind of distribution, since now everyone is aware of any new crypto that comes out, therefore, people can collect a large amount early on, since people are now always prepared for all the good projects. Compare this with when Bitcoin was created initially, all these years of low value, crashes, people who sold, traded, lost their wallet access etc - the coins are distributed in a way that can never happen again. I believe this is why Bitcoin is #1.
yes bitcoi will be the best crypto in the future bcz btc is more advance than other.transaction is easy and btc can proceed huge transaction.
its strong and its best to use.its user frndly
its strong and its best to use.its user frndly
There is no reason why it should be the crypto in the future but it was born to be the cryptocurrency and be the winner in the line of the same.
What do you mean 'be the winner in the line of the same'?
There is no reason why it should be the crypto in the future but it was born to be the cryptocurrency and be the winner in the line of the same.
While I understand that the miners making up the pool can stop mining, is this still not a threat to the network if the three largest pools could collaborate for control?
just FYI a mining pool is not the same as a mining farm. a mining farm owns hashrate because they own the mining equipment. a mining pool is just a server that other miners that own hashrate connect to. so for example if I were a miner with 5 ASICs mining bitcoin, I connect to a mining pool like BTC.com and as a result I will be a part of that 29.6% that you are seeing on that chart.
if some day I see BTC.com is making decisions that I don't agree with, I will simply switch to another pool and decrease that 29.6% and increase another pool's percentage.
in short mining is more distributed than this chart shows.
Thank you! That's actually really important knowledge.
It'd be interesting to see a chart that accurately shows the decentralization!
While I understand that the miners making up the pool can stop mining, is this still not a threat to the network if the three largest pools could collaborate for control?
just FYI a mining pool is not the same as a mining farm. a mining farm owns hashrate because they own the mining equipment. a mining pool is just a server that other miners that own hashrate connect to. so for example if I were a miner with 5 ASICs mining bitcoin, I connect to a mining pool like BTC.com and as a result I will be a part of that 29.6% that you are seeing on that chart.
if some day I see BTC.com is making decisions that I don't agree with, I will simply switch to another pool and decrease that 29.6% and increase another pool's percentage.
in short mining is more distributed than this chart shows.
Bitcoin is the cryptocurrency of the future. The price of cryptocurrency is dependent on the world market. Bitcoin prices may crash in the market anytime. Bitcoin may be crypto in the future. Because the biggest countries in the world are accepting Bitcoin. As a result, its use and demand continue to increase. Moreover, the price of Bitcoin is rising compared to the previous. So predictions can be made of this future coin.
April 28, 2018, 07:18:38 AM
You are right. Governments will prefer a cryptocurrency which the developers are known. But I think bitcoin creator anonymity is one of its advantages. If a cryptocurrency founder is known by governments, they can force him/her to change it to a centralized system that they can control it.
If bitcoin remains the biggest cryptocurrency, we are the winners.
If bitcoin remains the biggest cryptocurrency, we are the winners.
anonymity is hardly a valid point for bitcoin now?
I read that 15% of the bitcoin code is written by satoshi, which either way is irrelevant since 'anyone' can contribute code?
I'm not entirely sure how github works for example but it's clearly there who's contributing what, is it not?
April 28, 2018, 06:58:06 AM
Bitcoin is the cryptocurrency of the future since all markets in the cryptocurrency world is dependent on bitcoins value. The moment bitcoins value will crash all the market will also crash and if bitcoins market will go green then all market will turn green. If bitcoin will shut down there will be chaos in the cryptocurrency world and possibly all people will panic selling all kind of their cryptocurrency coins.
April 28, 2018, 06:44:28 AM
We don't know if Bitcoin will remain the top crypto currency in the future or not. People always tends to trust things that has been on the market for a long time. They are we known and well spread. New technologies kinda make people a bit suspicious and they do not wish to use them as long as they are not well established in the market for a long term. For now bitcoin will be holding the market as a leader, but not sure who will take over in the future.
April 28, 2018, 06:40:34 AM
There's no overwhelming reason why bitcoin will remain the top dog, right now there are arguably superior technologies but none that are as well known or that (as you mentioned) are as well spread as bitcoin is.
With regards to the mining pools, you're right that they could collaborate and cause chaos for bitcoin, for example if they all stopped mining at once, but given the way that difficulty scales it would be resolved in time.
With regards to the mining pools, you're right that they could collaborate and cause chaos for bitcoin, for example if they all stopped mining at once, but given the way that difficulty scales it would be resolved in time.
bitcoin is currently top dog because there is popular support for it.
in developed countries neofeudal structures have developed themselves that basically consist of a small proporty owning elite that lives in luxury at the expense of the nonproperty owners that are forced to sell their time. this system causes many stagnating unsecurities and other disadvantages.
in the developing world however there is common distrust against the government there. they all prefer currencies approved and prefered in the developed world.
as soon as a developed cryptocapitalism industry will emerge bitcoin will become opposed by many serious competing/cooperating cryptocurrencies, that seek to develop structures.. like iota cardano
https://www.cryptoproductivity.com/single-post/2018/04/10/Bitcoins-Possible-Future-According-to-Interest-Based-Game-Theory
i am also trying to establish new a dual layered, two dimensional form of cryptocurrency for usage in socioeconomics calling it "sources" for the post bitcoin time when bitcoin served its purpose to remove the banksters that are supporting and protecting the property billionaires.
April 28, 2018, 06:33:42 AM
Bitcoin is the basement of all the Cryptocurrencies so many peoples are like to Bitcoin technology but currently many potential technologies are available in the market still Bitcoin is occupy the high marketcap. so future also everyone heard the Bitcoin then only they are all understand the other altcoins. For example Neil Armstrong is first touch in the moon and Aldren is second touch the moon but peoples are always know the Neil Armstrong so this is first and forever Cryptocurrency. Many peoples are forgot the second and above the coin but no one is forgot the Bitcoin because it is always ruling the Crypto market.
April 28, 2018, 06:03:19 AM
Come to think of it,bitcoin is mentioned more by authorities than other cryptocurrencies when it comes to issues regarding regulations,bubbles etc.In my opinion bitcoin is likely to suffer a bad fate than other cryptocurrencies and so that will make it eventually unlikely to be the currency of the future.You can also look at it in this other sense,the founders and developers of most other currencies are well known and so can decide how to fall in line with authorities when it comes to keeping the currencies running.How about bitcoin whose founder is still anonymous till date?So in my opinion,bitcoin has a slimmer chance of becoming the currency of the future.
You are right. Governments will prefer a cryptocurrency which the developers are known. But I think bitcoin creator anonymity is one of its advantages. If a cryptocurrency founder is known by governments, they can force him/her to change it to a centralized system that they can control it.
If bitcoin remains the biggest cryptocurrency, we are the winners.
April 28, 2018, 05:16:08 AM
Come to think of it,bitcoin is mentioned more by authorities than other cryptocurrencies when it comes to issues regarding regulations,bubbles etc.In my opinion bitcoin is likely to suffer a bad fate than other cryptocurrencies and so that will make it eventually unlikely to be the currency of the future.You can also look at it in this other sense,the founders and developers of most other currencies are well known and so can decide how to fall in line with authorities when it comes to keeping the currencies running.How about bitcoin whose founder is still anonymous till date?So in my opinion,bitcoin has a slimmer chance of becoming the currency of the future.
That's a good point, but wouldn't that also mean that whichever crypto would replace bitcoin would therefore already be "controlled"?
April 27, 2018, 10:57:03 PM
Come to think of it,bitcoin is mentioned more by authorities than other cryptocurrencies when it comes to issues regarding regulations,bubbles etc.In my opinion bitcoin is likely to suffer a bad fate than other cryptocurrencies and so that will make it eventually unlikely to be the currency of the future.You can also look at it in this other sense,the founders and developers of most other currencies are well known and so can decide how to fall in line with authorities when it comes to keeping the currencies running.How about bitcoin whose founder is still anonymous till date?So in my opinion,bitcoin has a slimmer chance of becoming the currency of the future.
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