Topic: The Reason Bitcoin will always be #1 - page 24. (Read 41515 times)

I agree. The major currency of crypto currency is Bitcoin, since it is the oldest of them and it is the only a crypto currency coin whic can be convert into fiat money vice versa.

I got your point with the name Bitcoin itself. Yes it is something like a cathy word that some people will be curious behind that bitcoins without knowing where it used or exist .Ethereum is too far different from bitcoins but i think there are some altcoin names that are also catchy .But in the end what matters most is bitcoins as it is the father of all Cryptocurrency.

Now the name have added value to it. Bitcoin from the beginning evolved as a store of value and then based on the acceptance it grew higher in all fields. As quoted dogecoin seems to be a good name but it's value outcomes only if the coin grows potentially.

I am fully satisfied with your words . In the beginning when I comes to know about the bitcoin then in my mind I feel the Bitcoin more complicated and strange word but as soon as my progress goes increasing the value of Bitcoin goes on increasing for me and iny life also .
So this is only the advantage that bitcoin have which is more better than another altcoins . But here no doubt that the some altcoins have more better quality in comparison to the Bitcoin , the most common example is dogecoin which have no charge to transfer from one wallet to other .
But still the Bitcoin is at number one because we have more trust in the bitcoin than in other coin .

Bitcoin may not always be number one.

Let me explain.

Many who use Bitcoin now do so because they shared a piece of Satoshi's brilliant vision.

Part of that brilliant vision was network security provided by mining hash rate. Hash rate is incentivized through transaction fees. Blockstream is pushing for a model where most transactions take place outside the blockchain, and thus any fees related to those transactions do not go to the miners. With lower incentives to mine, we lose hash rate security. Now we have lots of transactions taking place off chain that can easily be nullified by a 51% attack on the chain changing the SegWit transactions used to open the channel.

It is very conceivable that if blockstream gets its way, a community driven alt coin will emerge that sticks to Satoshi's original vision with the advantage of hind sight, meaning many of the issues SegWit is suppose to fix can be fixed by the consensus rules without SegWit and transactions can be designed to work better with hardware wallets without SegWit.

Such a coin could have a client blockchain that unlike bitcoin-core is optimized for SSDs from the start (much like libbitcoin is) reducing the load on PCs that already have SSDs, and it would probably be at least three years before the blockchain grew to even 100 GB - making it easy for users to adopt and run full nodes.

If it stuck to existing proof of work mechanisms, then existing bitcoin miners could mine it as they left bitcoin mining - adding to the hash rate and security of the coin. Professional mining is good for crypto-currencies, I think a lot of people do not understand that, but it really is.

Such a coin could easily displace bitcoin as the number one crypto-currency on the market.

I hope it doesn't come to that, I hope bitcoin gets bigger blocks. But I would embrace such a coin if LN is the future and such a coin emerged, as long as stupid sh*t like pre-mining and ICO didn't ruin it from the start.

We do not believe Bitcoin is a good name...especially for a currency that tries to replace the current monetary system.

Using Google search engine is not free, maybe you are not charged a fee for using it, but remember if you use a service and you are not being charged by the service or the product then you are the product.

i think bitcoin is always number one in the internet especially in crypto currency business but for the other place, i don't think bitcoin have this position too. i think its because bitcoin is a new thing that only available in internet so far and it needs more years to see bitcoin will be number one in offline life. beside that, only a few people from all country that will know bitcoin and use bitcoin for daily and it needs more spreading news about bitcoin to many people in real life.

I think there is a sense on what he is saying. Bitcoin as a name made it popular in the cryptoworld. For instance when I share about Bitcoin some of my friends think of it as some kind of web money which is correct, however if I mention Ethereum they think of it as some kind of mineral in the periodic table. Bitcoin is the pioneer when it comes to the crypto world.

True, the reason bitcoin will always be #1 because it is the main crypto. Johnny Dilley even once commented in an interview that most altcoin is fraudulence, and he also thought that the Bitcoin developer could not threatened by this altcoin. Moreover altcoin is part from bitcoin system that was developed, so I think it is impossible if altcoin could be better than bitcoin. So I believe bitcoin will always be #1.

Bitcoin is will always be number 1 because of its innovation to be on top. Many users are being into bitcoin and being popular among other cryptocurrency. And mostly because of its price is rapidly growing that gain too much attention to anyone...

I don't think so , if the name is the base there are some good names on cryptocurrency  ,Like Zcash ,Doge coin, Cashout .
I think the formost reason why bitcoin remains number 1 because it is the original or the same as the first Digital currency that exist then next is the other cryptocurrency.

Yup! it is simply not going to get us down if we had a different decisions than the other users of bitcoin like what I did I just calmly convert it when it is still $1200 something then a couple of minute it went down to $1179 I just focus and think twice in what to do then convert it back to bitcoin, I had a workmate that tells me that it will do down this march so he will not convert it to bitcoin but I did what I think was right and then thankfully the price when up as of now to $1202.51

I am sure bitcoin's popularity and price is because of the name only. It is because of the path-breaking innovation of block chain technology. Bitcoin is the pioneer crypto currency and the world first known about the block chain technology through the bitcoin only. Being a pioneer, helped bitcoin to scale new heights and not the name. I'm sure there are other cooler names could have been found. But when quality is present in a technology, people never mind the name.

Not all the people in society is treating the credibility of bitcoin as positive. There are some that are doing nothing but to destroy its reputation and put false information to others. But I still believe that bitcoin will be always on the number 1 spot because it will keep on pumping up to the top. And this is the most popular crypto.

First of all, what has happened to one thing isn't always the same thing that's going to happen to another. Digital currency is very different than search engine. You can earn money from digital currency, you can trade, convert your fiat to bitcoins, and vice versa. While google and yahoo are just a search engine. You don't have to pay anything to access it. You can easily prefer one over another and don't have any problem since it's free. You basically just have to type their website and use it.

Bitcoins, on the other hand, is much more than that. It's money and there's an actual economy here. Switching from one coin to another might be a loss for you since the coin that you switched to can get price decrease.

tl;dr: There's no loss or anything bad that can happen to you when you switch from using Yahoo to Google, while there are risks when you switch from using Bitcoin to another coin.

Bitcoin is very credible to the society. Bitcoin is gaining so much trust in many because of the features it has.

The reason why bitcoin will be number is because of its characteristics. Many users patronize it because of the very low transaction charges compare when you are using fiat and you can use it conveniently without any proper identification. There are also lots of online shops that accept bitcoin as a payment which make purchasing easier and lastly, it is mostly accepted all around the world.

Google popped up and took lead of all other search engines. Google opted everything that Yahoo can't. With bitcoin everything is possible than the other digital currencies, so something dominating bitcoin is really impossible.

yahoo was also a big player in search engines.

and then google pops up...