The Reason Bitcoin will always be #1 - page 39.

Hammerschmidt

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Quote from: n691309 on January 20, 2017, 07:01:44 AM

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.

The reason why bitcoin is always number one is because of the architecture, implementation, innovation and the best of all is the community, we are really a lot and this is a good part.

While this is all true, don't forget "too big to fail" was the cry before the sub-prime mortgage collapse (and the housing market in general) around 2008 in the USA. As long as it remains an acceptable medium of exchange, and consensus regarding its value remains strong, it will retain its worth.

n691309

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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.

The reason why bitcoin is always number one is because of the architecture, implementation, innovation and the best of all is the community, we are really a lot and this is a good part.

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Bitcoin is the pioneer in crypto currency industry and that is the reason why it is so popular. People started understanding the concept of crypto currency with only bitcoin and no one else.

Due to this reason, bitcoin own approx 84% of the total crypto currency volume till date and no other crypto currency is even closer to that. It is backed up by public trust and good faith that it will go up to a new height in future.

bravehearth0319

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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.

This is not about the name, instead it is all about how the community will pursue more about in bitcoin. In fact, many of the altcoin they clone BTC together with the concept and features too. In that matter, if bitcoin is the reference to be clone it there is something that bitcoin has and the one who copying it don't have any. And that's the reason why bitcoin is leading in the digital currency.

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Quote from: Liang_Kubur on January 19, 2017, 01:13:20 AM

The most preferred stone is the golden stone, although there is a silver, bronze, copper and so on, gold is the most selected. cryptocurrency the same with bitcoin is the ultimate choice. Might someday be defeated, depending on the situation.

It does not look possible so soon. Bitcoin has got its fame and name in the community now and it has takes its time to reach this place, now if any coin wants to challenge bitcoin then that will have to take its time too and until that happens bitcoin will probably reach higher then where it is right now, so it does not seem to be possible for any coin to defeat bitcoin.

RealPhotoshoper

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Quote from: vaxo_nba on January 19, 2017, 02:53:14 AM

Dear author, I agree with you that "Bitcoin" is good and easily remembered name, thus other members above said that better version may be erected and I agree with them too, but the real reason of leadership is what it does differently and beneficialy.

besides the word of 'bit' is correlated with something about computing and 'coin' about money.
it is meaningful , means a money that can be accessed through your computer.
not such as any other altcoin that created and designed just for scamming people.

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Quote from: poetra2501 on January 19, 2017, 12:59:20 AM

Quote from: (altair) on January 17, 2017, 06:52:21 AM

Quote from: cramcram21 on January 17, 2017, 06:32:41 AM

I think the main reason why the bitcoin will always be the number 1 crypto currency is it is the first crypto currency that decentralized cryptocurrency,
I mean before bitcoin Wei Dai published a description of b-money and there was also bitgold,

Well said and I also think that it will always be the number 1 because people have trusted this bitcoin so much,
And also this cryptography currency is becoming more popular this day specially this bitcoin,

For now, maybe bitcoin is number one, but for the future, Ethereum will be great rival the bitcoin.
Indeed now Ethereum is number 2 in cryptocurrency but not impossible if Ethereum will be No 1 in futures.

i do not think that ethereum is even close to bitcoin, Bitcoin is number one online currency and will also remain number one in future. the number of bitcoin users are more than any other currency users, and its users are also increasing continuously, bitcoin is continuously becoming more stronger and stronger because the users of bitcoin are so much confident that they are even investing their whole assets in bitcoin. bitcoin can now be use as fiat in local shops where no other currency is acceptable.

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One of the world's leading Bitcoin-powered casinos

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 think the name " bitcoin " is not good but it is strange to hear . The name of bitcoin , when I heard first time then I behave very strangely about it because I never heard any name like this . But when I saw many people are involving then I made a post in a Facebook bitcoin group " what is meaning of bitcoin " everyone said it is only name and don't have any meaning .
But now I am thinking that bitcoin = bit + coin
where bit is very small part of internet data and coin means any useful thing that have its value in the market of online world .

frendsento

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Well for me Bitcoin was already proved to us why it should be number one and as time goes by and it really become more popular that other merchants was already accepting bitcoin as their mode of payment and on the years that passed there will be a time that it's value will become very low but still they managed to get back in track and prove what really the worth of bitcoin is I see that it has so many potentials that number one isn't the word needed to describe how awesome bitcoin is.

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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.

the name is not just the real thing that makes bitcoon the best, because as time goes on, new names will come out for crypto currency that will or might be cooler than bitcoin, but as the head of crypto currency and its well accepted by the masses then that is a more stand that makes it the best.....

vaxo_nba

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Dear author, I agree with you that "Bitcoin" is good and easily remembered name, thus other members above said that better version may be erected and I agree with them too, but the real reason of leadership is what it does differently and beneficialy.

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Quote from: bitloud on January 19, 2017, 01:55:18 AM

I think no importance for its name. It depends on quality and its features.

The features can be copied but bitcoin was first to gain the interest and trust of the people, hence, it is not very popular due to the decentralization feature which we have been waiting for as it gives us freedom to use online. I think it's anti government because it's non regulated and against the advocacies of the government which is Anti Money Laundering and the KYC policy.

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I think no importance for its name. It depends on quality and its features.

mkmdoc

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The name itself indicates it completely related to crypto currency where as now many people know about bitcoin, out of all other coin every thing is not much familiar when compared to bitcoin because it's value and mostly secure one. Bitcoin is first digital currency which has highest value and can be traded from different of the world.

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Quote from: Liang_Kubur on January 19, 2017, 01:13:20 AM

The most preferred stone is the golden stone, although there is a silver, bronze, copper and so on, gold is the most selected. cryptocurrency the same with bitcoin is the ultimate choice. Might someday be defeated, depending on the situation.

Your comparison is good. Still I feel bitcoin has all the reasons to maintain its current position in upcoming years/centuries too.

Bitcoin will get enhancements according to the needs of future so it will always be a right solution for all digital money related things. From this, when bitcoin will stay as a strong competitor against all others, it will be always the number one.

zidanw

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1xbit.com

if the name maybe zcash is a good name for me. probably because bitcoin is the first cryptocurrency, inspiring developers, provide more benefits, bitcoin is more accepted public.
bitcoin rank #1 in https://coinmarketcap.com/

Liang_Kubur

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The most preferred stone is the golden stone, although there is a silver, bronze, copper and so on, gold is the most selected. cryptocurrency the same with bitcoin is the ultimate choice. Might someday be defeated, depending on the situation.

poetra2501

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Quote from: (altair) on January 17, 2017, 06:52:21 AM

Quote from: cramcram21 on January 17, 2017, 06:32:41 AM

I think the main reason why the bitcoin will always be the number 1 crypto currency is it is the first crypto currency that decentralized cryptocurrency,
I mean before bitcoin Wei Dai published a description of b-money and there was also bitgold,

Well said and I also think that it will always be the number 1 because people have trusted this bitcoin so much,
And also this cryptography currency is becoming more popular this day specially this bitcoin,

For now, maybe bitcoin is number one, but for the future, Ethereum will be great rival the bitcoin.
Indeed now Ethereum is number 2 in cryptocurrency but not impossible if Ethereum will be No 1 in futures.

Dhiva

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Quote from: Mastsetad on January 17, 2017, 11:52:14 AM

Quote from: bravehearth0319 on January 16, 2017, 12:33:23 AM

I think one of the main reason why bitcoin is still number 1 digital currency was the price of it is tough high, and this is because the people community patronized it so well and gave it a high value compare to other altcoin/cryptocurrency.

Price probably plays a great role in making bitcoin the number 1 digital currency in the world. Though it has many features but the first thing an ordinary person would see about a currency on internet is probably its price and the fact that it grows, so yes bitcoin is famous because it has a huge price.

Yeah, the price is the main reason I think.

Kasabus

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It is very easy to use,it gives your transaction even more easier compare to other services offered.A digital currency which provide as it a good value as it continue to reached to its higher value.Many are already using it as there means of payment.A great innovation indeed serves as model and embrace the future feature of digital currency.

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