Banks and government are centralized and they can't control bitcoin because it's decentralized.
Bitcoin is the future of money, at least that's why I believe and I will continue to trust it, use it and invest on it.
Let's see if how the government will handle it, this is our freedom so eventually they will regulate it but the rules will be friendly to its adopters.
Topic: NOTHING IS ABOVE BITCOIN - page 2. (Read 968 times)
I like to see what China will bring to cryptocurrency next year when they launch their coin. There are trying bring coin that wont have anything to do with bitcoin, lets see the response even with the population behind it.
Government backed "cryptocurrency"? Well, China already has a currency... it's the Chinese fiat currency... both digital and physical. I guess what the government needs is to fully convert the fiat currency into digital coin or just use stablecoin backed by the its fiat currency. A coin that does not have the main features of cryptocurrency do not really deserve to be called a cryptocurrency,in my opinion
This is a way to control your citizens. I do not see anything good in creating a national cryptocurrency because this shit coin will be controlled by third parties. Do not forget what kind of policies China pursues, the country's leaders will not allow people to use Bitcoin or altcoins that cannot be controlled. All that does not give power will be rejected by China, remember this
Government backed "cryptocurrency"?
Well, China already has a currency... it's the Chinese fiat currency... both digital and physical. I guess what the government needs is to fully convert the fiat currency into digital coin or just use stablecoin backed by the its fiat currency. A coin that does not have the main features of cryptocurrency do not really deserve to be called a cryptocurrency,in my opinion
Well, China already has a currency... it's the Chinese fiat currency... both digital and physical. I guess what the government needs is to fully convert the fiat currency into digital coin or just use stablecoin backed by the its fiat currency. A coin that does not have the main features of cryptocurrency do not really deserve to be called a cryptocurrency,in my opinion
It wouldn't be possible at all. Because the main thing we need to consider is the features just like what you've said, and the Chinese government will not possible allow that to happen. In the first place they've already developed a blockchain based identity system, and with this, it is probably they could identify their people and with cryptocurrency, they can't, and this is contradicting that is why it seems to be really impossible for them to even transition their currency to crypto.
Tell us something we don't know already guys.
Nothing is above bitcoin in so many different ways. Most accepted digital asset? check. Most available crypto? Check. Most decentralised? Check. Most secure in terms of 51% attack? Check.
Maybe one day things will change but I don't foresee it happening for at least 10 to 20 years.
in terms of ranking and also its usefulness bitcoin is still ranked at the top, and I don't know about crypto above bitcoin. the usability and also the price are still the biggest dominance in this market, but if there really is I also want to know Nothing is above bitcoin in so many different ways. Most accepted digital asset? check. Most available crypto? Check. Most decentralised? Check. Most secure in terms of 51% attack? Check.
Maybe one day things will change but I don't foresee it happening for at least 10 to 20 years.
I like to see what China will bring to cryptocurrency next year when they launch their coin. There are trying bring coin that wont have anything to do with bitcoin, lets see the response even with the population behind it.
Government backed "cryptocurrency"? Well, China already has a currency... it's the Chinese fiat currency... both digital and physical. I guess what the government needs is to fully convert the fiat currency into digital coin or just use stablecoin backed by the its fiat currency. A coin that does not have the main features of cryptocurrency do not really deserve to be called a cryptocurrency,in my opinion
Tell us something we don't know already guys.
Nothing is above bitcoin in so many different ways. Most accepted digital asset? check. Most available crypto? Check. Most decentralised? Check. Most secure in terms of 51% attack? Check.
Maybe one day things will change but I don't foresee it happening for at least 10 to 20 years.
Nothing is above bitcoin in so many different ways. Most accepted digital asset? check. Most available crypto? Check. Most decentralised? Check. Most secure in terms of 51% attack? Check.
Maybe one day things will change but I don't foresee it happening for at least 10 to 20 years.
Bitcoin has reached a lot of achievements and has passed a lot of tests of time so I don't think any existing stable coin could surpass it. Bitcoin has built a strong foundation and has gained the trust of most users so I don't think it would be easy for any coin to beat it. Potental coins could follow its footsteps but they couldn't go over bitcoin.
actually in levels, bitcoin is by far the highest level and it seems like it will be difficult for other coins to beat or take this position for now or in the future. I believe that bitcoin will continue to be in the top position
Bitcoin has reached a lot of achievements and has passed a lot of tests of time so I don't think any existing stable coin could surpass it. Bitcoin has built a strong foundation and has gained the trust of most users so I don't think it would be easy for any coin to beat it. Potental coins could follow its footsteps but they couldn't go over bitcoin.
Bitcoin and other major cryptocurrencies based on their designs are revolution to the financial industry which is about bringing financial industry to the people. It would also help achieve transparency in government transactions if inculcated into their payment systems and also reduce the level of corruption among government officials.
Bitcoin has been unique with this main characteristic and essentially blockchain technology that makes it distinct from any other digital currency.
Well for now,that may be true,in the future, there could be changes,who knows
There a lot of things we dont know about bitcoin. The anonymity of the founder is just a glimpse. You cant fight bitcoin and be relevant again, ask Roger var but I believe a solid project could be a force in its sphere in blockchain. I like to see what China will bring to cryptocurrency next year when they launch their coin. There are trying bring coin that wont have anything to do with bitcoin, lets see the response even with the population behind it.
I agree with what Back said here:
There is nothing to rely on such institution if there are far more better than it, and seems useful.
Anyway, with what the OP said there is nothing above bitcoin not because it sits at the top of the market but because it proves way back then until now that it is still a good investment. Alts are just created out on hard fork to fill a certain purpose which bitcoin don't have. Thus, it makes quite a difference with bitcoin but the thing is Bitcoin's been around long enough now where people are more familiar with, that even though huge names introduced their whatever coin it is people just look at it, and still make the decision to go with bitcoin.
Quote
At G20, sitting next to the president of the Dutch central bank, Back said he believed the blockchain would be another initiative for an open network, and said financial institutions no longer benefit from technology because it would mean that international transfers would not need intermediary banks with questionable credit.
There is nothing to rely on such institution if there are far more better than it, and seems useful.
Anyway, with what the OP said there is nothing above bitcoin not because it sits at the top of the market but because it proves way back then until now that it is still a good investment. Alts are just created out on hard fork to fill a certain purpose which bitcoin don't have. Thus, it makes quite a difference with bitcoin but the thing is Bitcoin's been around long enough now where people are more familiar with, that even though huge names introduced their whatever coin it is people just look at it, and still make the decision to go with bitcoin.
this is the difference between bitcoin and stable coins. Bitcoin is growth, so bitcoin can always survive with its development. and always be number 1. while coins are stable USDT, USDC, PAX, etc. This crypto currency just moves. no growth, no reduction. so stay like that. refers to real currency that has no change. the only change is maybe inflation.
The majority of the comments are too biased about bitcoin being the best cryptocurrency. Though, in my opinion, do not rely often on the market statistics or the market capitalization that cryptocurrency has on the internet such as CMC and other coin listing and ranking sites. People have a different perspective on choosing their own cryptocurrency to use based on their needs and consensus if they have some other party who they make a transaction with. For example, if you are often sending too much transaction would you choose bitcoin? I rather not because of the fact that trans fee is quite high in bitcoin compared to altcoins.
He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."
Nothing can beat the original and the first 
.Many people can make a duplicate of it or make it as a basis but nothing can beat it and that is how Bitcoin and blockchain is. Bitcoin is created to have permissionless and free market. Bitcoin is created to disregard those stupid banks.
I agree with what he said ... for now there is nothing above bitcoin, but for the future we do not know, maybe bitcoin will be a rival to one of the new coins that appear in the future .. !!
As of now as we can see Bitcoin BTC Is the most valuable that other there are so many stable coins altcoins but Bitcoin BTC Is the most trusted to hold.
Of course, I also believe that Bitcoin is much profitable than any altcoins and stable coins
as volatile as btc is but also the much safest to hodl above all.
Of course, almost everyone already knows that Bitcoin is a very high price and with increasingly strong Bitcoin dominance, Bitcoin is still very safe to be used as an asset for the long term, especially when prices are still too low if we compare the ATH Bitcoin prices so for now it is indeed no one can match Bitcoin.as volatile as btc is but also the much safest to hodl above all.
Bitcoin is still not at a very high price. Even if sate that by comparing with the other coins then still bitcoin is cheap. The total altcoins market contains lot of garbage coins and the garbage are getting clear so if we compare BTC with those coin after two years then BTC price will be higher than the present.
Of course, I also believe that Bitcoin is much profitable than any altcoins and stable coins
as volatile as btc is but also the much safest to hodl above all.
Of course, almost everyone already knows that Bitcoin is a very high price and with increasingly strong Bitcoin dominance, Bitcoin is still very safe to be used as an asset for the long term, especially when prices are still too low if we compare the ATH Bitcoin prices so for now it is indeed no one can match Bitcoin. as volatile as btc is but also the much safest to hodl above all.
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