The Reason Bitcoin will always be #1 - page 35.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: sir.humus on January 29, 2017, 03:58:48 PM

Name is not everything, bitcoin is really great by a lot of other properties.
But for a new currency to get traction, it would somehow have to have some kind of unusual advantage over Bitcoin. Maybe a government would outlaw Bitcoin but explicitly commit to not outlawing the new currency. Or maybe there could be some kind of deep flaw discovered in the Bitcoin protocol, and it would be easier for everyone to switch to another, thoroughly tested currency than to fix Bitcoin. Or a new currency could come along with much better properties that for fundamental reasons couldn't be retrofitted into Bitcoin, and that could motivate a switch.

Governments aren't that far behind to just prohibit the use of Bitcoin while other crypto currencies aren't subject to the same law. If governments at some point explicitly prohibit the use of Bitcoin, then they will prohibit crypto in general where all coins will be subject to this law. Otherwise it wouldn't make any sense. That being said, there is nothing that can't be fixed if needed. However, reaching consensus in this case might as well turn out to be a problem since it might even push us closer to alternative sides as XT or Unlimited. They wouldn't mind seeing Core go down as one of them will come out as clear winner.

deadpoolx

hero member

Activity: 560

Merit: 500

Quote from: just_Alice on January 29, 2017, 03:54:07 PM

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

I love the name too. Also I think Bitcoin will always be #1 because it has been #1 for a long time already. Only ZEC surpassed BTC in terms of the price in USD once, but as we all know it didn't last long.

Regarding the name, in fact, so far I don't know a currency with a better name. However, what drives users to adopt the currency is the fact that people have found a way to make their lives easier using Bitcoin, whether by using the currency to make payments or to store value. And now that you mentioned zcash, I remember that the currency did actually hit records last year in terms of price increase, but it also broke records in terms of devaluation, and that caused a lot of people to lose money.

sir.humus

hero member

Activity: 700

Merit: 500

Name is not everything, bitcoin is really great by a lot of other properties.
But for a new currency to get traction, it would somehow have to have some kind of unusual advantage over Bitcoin. Maybe a government would outlaw Bitcoin but explicitly commit to not outlawing the new currency. Or maybe there could be some kind of deep flaw discovered in the Bitcoin protocol, and it would be easier for everyone to switch to another, thoroughly tested currency than to fix Bitcoin. Or a new currency could come along with much better properties that for fundamental reasons couldn't be retrofitted into Bitcoin, and that could motivate a switch.

just_Alice

hero member

Activity: 1274

Merit: 622

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

I love the name too. Also I think Bitcoin will always be #1 because it has been #1 for a long time already. Only ZEC surpassed BTC in terms of the price in USD once, but as we all know it didn't last long.

Clement Kaliyar

hero member

Activity: 1302

Merit: 532

Quote from: User365 on January 28, 2017, 08:35:42 AM

Its on top because it got the biggest market capitalisation.

Market capitalisation comes with market penetration and more people are using bitcoin simple because it is the first crypto currency and this enabled people to trade and opened a new market completely.

Quote from: ?? on ??

Bitcoin has given us so many facilities and advantages which are only produced by bitcoin.With bitcoin we can send money anytime, anywhere in the world.We don't need to be worried about holiday or limitation.Also bitcoin protect against identity theft.Transaction fees are very low and bitcoin is tax free.

You can send money anytime anywhere in the world even if you use any other cryto currency and there is no limitations and most alt coins are faster than bitcoin when it comes to transaction time. Tongue

ophyrim

sr. member

Activity: 994

Merit: 391

Quote from: Nemiro on January 11, 2017, 12:24:42 PM

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

bitcoin will always be number 1, because bitcoin has a biggest community in the world. it's more popular than the other crytop-currency and it was born first . Bitcoin can threaten banking sector.

I think you are right. Before other cryptocurrencies, I heard about bitcoin ant then, I started to search for it. While searching what is a bitcoin, the purpose of it, the use of it, I learned that there are other cryptocurrencies. This is because of popularity and also relatively big community of bitcoin.

bitbob82

hero member

Activity: 630

Merit: 500

Quote from: virasog on January 29, 2017, 01:06:45 PM

Bitcoin is still number one when it came, because of many reasons, First of all, bitcoin is first crypto currency, before it people didn't know about any crypto and also never heard any that kind of technology. When we came in bitcoin world and we use it than still we think bitcoin will be best, and also i like Bitcoin name.

to me the only for which i can say that bitcoin is number one is that bitcoin is present everywhere, mean you can find the bitcoin users in all over the world, and still the number of bitcoin users are increasing more than any other country.

angaper

hero member

Activity: 966

Merit: 507

I like the simple reasonings, but to think that the simple fact of being called bitcoin is enough guarantee to ensure the predominance of bitcoin among all other crypto currencies does not seem sufficient.

It is true that such a good name has undoubtedly achieved the best brand positioning, but there are still many thing to improve in the entire bitcoin ecosystem to ensure this dominance forever.

virasog

legendary

Activity: 3206

Merit: 1174

Leading Crypto Sports Betting & Casino Platform

Bitcoin is still number one when it came, because of many reasons, First of all, bitcoin is first crypto currency, before it people didn't know about any crypto and also never heard any that kind of technology. When we came in bitcoin world and we use it than still we think bitcoin will be best, and also i like Bitcoin name.

Anarchist

sr. member

Activity: 531

Merit: 258

Quote from: ?? on ??

Bitcoin has given us so many facilities and advantages which are only produced by bitcoin.With bitcoin we can send money anytime, anywhere in the world.We don't need to be worried about holiday or limitation.Also bitcoin protect against identity theft.Transaction fees are very low and bitcoin is tax free.

Don't worry, your credit card doesn't care about holidays

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: noormcs5 on January 29, 2017, 01:40:33 AM

Quote from: Zadicar on January 28, 2017, 08:45:11 AM

Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.

Not all Altcoins are following bitcoins. Few of them have much better algorithm and few have solved the drawbacks of bitcoins like long confirmation time. Few of them are confirmed much quickly than bitcoins. But still no once can replace bitcoin because of its popularity, usage and volume.

Bitcoin is original and a pioneer and it is rare for a copy to outsmart the original. Not like that should be an issue though, Bitcoin is a revolution and it is the time of the cryptocurrencies, else they would have extinguish the fire well before now. In the case, that Bitcoin loses its number 1 position, then it must be to a very robust, elegant and overwhelmingly and unanimously accepted coin but above all, it would nonetheless be a descendant of Bitcoin.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: User365 on January 28, 2017, 08:35:42 AM

Its on top because it got the biggest market capitalisation.

This is the most brief and real answer on the reason why bitcoin will always be on top spot. We can just simply rely on the coin market cap and the possibility of why bitcoin is always be on the no.1 spot is already there. You can see on how big the differences of other alt coins market cap to bitcoin. They need to surpass it first if they want to take the spot of bitcoin.

artdor

sr. member

Activity: 1078

Merit: 251

Quote from: thepo1m on January 29, 2017, 06:57:58 AM

Bitcoin will always be number one as long as other Altcoins is traded against it, this creates nature demand for it in the market, just like what USD is in Fiat market. The world economy revolves round USD that was why Gadaffi and Russia was looking to crash the petrol dollar arrangement.

Yes. Has me too reminiscent of the dollar. He was the first because the first appeared. He put the era of blockhain and became the reference currency. And it will be until it does not shift any fundamentally new currency. This is not necessarily so, but it is likely that this can be

thepo1m

hero member

Activity: 658

Merit: 500

Bitcoin will always be number one as long as other Altcoins is traded against it, this creates nature demand for it in the market, just like what USD is in Fiat market. The world economy revolves round USD that was why Gadaffi and Russia was looking to crash the petrol dollar arrangement.

noormcs5

hero member

Activity: 2856

Merit: 618

Leading Crypto Sports Betting & Casino Platform

Quote from: Zadicar on January 28, 2017, 08:45:11 AM

Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.

Not all Altcoins are following bitcoins. Few of them have much better algorithm and few have solved the drawbacks of bitcoins like long confirmation time. Few of them are confirmed much quickly than bitcoins. But still no once can replace bitcoin because of its popularity, usage and volume.

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Quote from: BitcoinBarrel on January 10, 2017, 03:36:51 PM

Is because the name "Bitcoin" is the best name for a crypto-currency.

No other name will be as good.

it is good and is like religions
Bitcoin will always become numbers one because of it is first digital currency in the world
bitcoins has large amount volume transaction around the world,
the investors has made investment into bitcoins will not dumping bitcoins and losing their money
so i think bitcoin will always become numbers one.

Zadicar

legendary

Activity: 1386

Merit: 1020

DGbet.fun - Crypto Sportsbook

Bitcoin would be always number one because no altcoin could able to break even its position now and all altcoin are just following bitcoin and depending on the value of bitcoin and also its the father of all cryptocurrency which will normally comes to our mind that it is on the top for now.

User365

sr. member

Activity: 434

Merit: 251

physics, mathematics and engineering

Its on top because it got the biggest market capitalisation.

CoinFoxs

copper member

Activity: 1815

Merit: 1004

Campaign Management & Translation Services

Quote from: Vaskiy on January 27, 2017, 08:23:24 AM

Bitcoin is the one that is used much than most other cryptocurrencies. Day after day several good news is coming for bitcoin and digital currency. The digital currency that existed during the days of bitcoin is not yet known to users. This high use and the uniqueness makes it stand strong at the first place.

Bitcoin is on the top because of their importance in the online market and also for their demand and supply in the market which aid in the increment of their price, and now people have more trust on bitcoin than other crypto-currencies because bitcoin is famous and well known currency. It is diffucult to replace bitcoin by other currency but it is not impossible, if other currency will make importance in market and have more uses than bitcoin then definitely this will replace bitcoin but this cahnge will take too much time.

artdor

sr. member

Activity: 1078

Merit: 251

Quote from: Raimonn on January 27, 2017, 04:37:57 PM

Quote from: artdor on January 27, 2017, 04:23:59 PM

Quote from: Vaskiy on January 27, 2017, 08:23:24 AM

Bitcoin is the one that is used much than most other cryptocurrencies. Day after day several good news is coming for bitcoin and digital currency. The digital currency that existed during the days of bitcoin is not yet known to users. This high use and the uniqueness makes it stand strong at the first place.

Yes. Has really is the basic coin. But time does not stand still and it is likely that soon some other coin, which would take over first place. The same PascalCoin, about which everyone is talking now may well become such a coin. This is a fundamentally new approach to the crypt. And therefore new opportunities.

I don't think that any other crypto-coin will take the first place, bitcoin is the first and the big and strong one. Its like no other metal took gold from first place. About Pascalcoin, sorry is only another altcoin, nothing more.

Maybe you're right. Just now many discuss the uniqueness of Pascalcoin and even say that this is a new breakthrough in the world of the Crypto. That is why there is an assumption that once (though not soon), it can take the Championship. Although perhaps these discussions are designed to increase the price of this coin and only in the short term.

Topic: The Reason Bitcoin will always be #1 - page 35. (Read 41540 times)