Topic: There is no doubt that bitcioin will be replaced by another cryptocurrency (Read 902 times)
May 15, 2018, 02:58:06 PM
yes, i agree with you. but not this soon, it will take times. for now, bitcoin still the leader.
May 15, 2018, 02:43:37 PM
What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
What about the Lightning network? Confidential transactions? bulletproofs? MAST? schnorr signatures? and what about taproot and graftroot that greg maxwell sent to the bitcoin-dev mailing list?
May 15, 2018, 02:37:54 PM
Though the developers are not known, we have a community of stakeholders that have brought about developmental innovations on bitcoin. I believe the possibility of bitcoin being replaced by another crypto is slim because the forerunner advantage still stands and it would really take a miracle for the crypto family to believe in another bitcoin rival as they have believed in bitcoin.
May 15, 2018, 02:32:13 PM
Bitcoin will not be replaced by another cryptocurrency, but i see potentials in some cryptocurrencies reaching the standards of bitcoin. I don't think bitcoin has rivals. After all, the fundamental purpose of cryptocurrencies is to allow payments to be sent directly from one party to another without going through a financial institution.
May 15, 2018, 02:22:43 PM
That is possible to happen when time comes but as of today, I believe it is impossible. Bitcoin is on top and before it happens, altcoins will be gone first.
I definitely agree with that statement, yes there is a possibility that the bitcoin may be replaced but as for the chance, it has a little amount of chance to be replced as for today because as for the record Bitcoin is the nunber one in cryptocurrency. May 15, 2018, 02:06:51 PM
the bitcoin will not be replaced by another coin, even bitcoin will remain in its position for a long time, indeed quite a lot of coins that have good potential and development, but all that is not enough to shift the position of bitcoin at the top of the order, the bitcoin price determines all the different coins just below it, so if the bitcoin price moves then the others will follow
May 15, 2018, 12:57:55 PM
The only way I see another crypto somewhat replacing Bitcoin is if the world eventually adopts a few different coins for a few different purposes. Like a Dapp coin, a store of value coin, a spending coin, a privacy coin. Though here I mean more like another coin working in tandem with Bitcoin, so Bitcoin would not actually be replaced.
In this scenario it is possible Bitcoin would be the store of value coin where people store their wealth to largely replace banks, like a savings account. And a stable coin would be used for actual transactions. This stable coin would need to be swappable with Bitcoin, over the LN?, so that you can quickly and cheaply convert between the two. This would solve all the problems of bitcoin as a global payment platform, while still keeping it as the base currency in which everyone stores their wealth.
In this scenario it is possible Bitcoin would be the store of value coin where people store their wealth to largely replace banks, like a savings account. And a stable coin would be used for actual transactions. This stable coin would need to be swappable with Bitcoin, over the LN?, so that you can quickly and cheaply convert between the two. This would solve all the problems of bitcoin as a global payment platform, while still keeping it as the base currency in which everyone stores their wealth.
May 15, 2018, 12:50:49 PM
This may happen in the long future. However we need to realize that the bitcoin is the most reliable and stable coin in the cryptocurrency market right now. Bitcoin is supported by many giant currency exchanges and many industry whales. It has huge community support with more trust. Even there are many shops and some banks are accepting bitcoin as a payment method. With these factors, It is very unlikely to replace bitcoin with another crypto currency.
May 15, 2018, 09:46:04 AM
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies. What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
I'm not aggree with this, i'm sure that bitcoin will be upgraded. Almost any functionality that has been proven on an altcoin can eventually be added to Bitcoin, but it will only be added if the functionality does not impacoin to remain outside the control of individuals or organizations. In order for an upgrade to be accepted, a majority of the Bitcoin community must agree that ct decentralization, which allows Bitthe change is valid. In the coming months, we will see the results of a major enhancement to Bitcoin that will scale it to hundreds of transactions per second without impacting decentralization.
May 15, 2018, 09:20:43 AM
That is possible to happen when time comes but as of today, I believe it is impossible. Bitcoin is on top and before it happens, altcoins will be gone first.
May 15, 2018, 09:08:26 AM
The only alternate coin that can replace bitcoin is Ethereum. We all know that the demand for ETH will always be there and it will continue to increase in the upcoming years. However, we can't be sure that it can replace bitcoin. The only thing that we can be sure of is that these two can co-exist. For bitcoin, we don't know if there are efforts made to improve it but we can notice the difference in convenience compare to few years ago. I think we can consider that as trying to improve. Bitcoin just want to work in the background, you will notice the difference once its there.
May 15, 2018, 08:56:50 AM
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies. What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
Maybe they will but that will be in the future because in this time bitcoins is still the number one for most of the people. They are on top and still on top through the years because the people is already put their trust on bitcoins no matter what happen they will aleays believe that bitcoin can surpass it. But nothing last forever so I'm pretty sure that in the future if there are some new technology them bitcoins will be replace if they will not be updated
May 15, 2018, 08:34:55 AM
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies. What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
Replacing the bitcoin into another cryptocurrency,is not been happen for this moment or this several year ,because as my own prediction no one could replace bitcoin in the cryptomarket in value and popularazation,because bitcoin is the only one digital currency technology created by satoshi nakamoto thats is different from other crypto coins,it is the first initiated real cryptocurrency that cannot been replace or motivated by new altcoins,because mostly i observe that all altcoins value depends on the bitcoins price pump.
May 15, 2018, 08:13:35 AM
Yes it will, sometime in the future, Bitcoin might just be replaced by another coin,, its inevitable that with time, Bitcoin will be replaced by a more developed, efficient and technologically advanced coin, it will however take time for such a coin to come by..
May 15, 2018, 07:59:40 AM
No cryptocurrencies will be replace bitcoin as the no. 1 crypto of all because it's popular cryptocurrency, many people believe in bitcoin and support it. They invest to make profit and believe that it will reach $100,000 price.
May 15, 2018, 07:59:14 AM
I strongly DisAgree, for Bitcoin still reign supreme in the market from the past and now in the present. It serves as a reference to all other coins out there for their own value making it the Origin and the major Coin. In the future, I guess that bitcoin might really be replaced by another coin or another cryptocurrency as you said, but its still a long way down that road, but for now let us appreciate the world of bitcoin.
May 15, 2018, 07:50:04 AM
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies. What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
Actually bitcoin is getting developed over many times like many forks are happened with bitcoin which made the bitcoin transactions are more faster and cheaper and segwit adoption made the fee of bitcoin transactions reaches to four difit fees so it menas the developments are happening,so I don't think any other coin have the potential to beat bitcoin..If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
true agree with you i see this also that they try to make a lot of fork just to try if this may work for to beat bitcoin for but they are unfortunate to make this happen cause they fail for what they can able to do for and bitcoin are always to be the number coin until now.
May 15, 2018, 07:41:24 AM
There are its rivals at the market yes but I don't think that would happen in the future. We can observe very powerful alternatives to bitcoin but bitcoin always stay as a milestone.
May 15, 2018, 07:32:21 AM
Well Said. But obviously there are so many cryptocurrencies coming, I don’t see the prospect like bitcoin rather everyone is trying to collect money from the market. It is more accurate to say that Bitcoin is like gold, and altcoins are like oil or silver.
May 15, 2018, 07:27:33 AM
I cant imagine this thing will be happen in the future. Bitcoin is very usefull and actice in any transaction in crypto currency. All people in crypto have known and using bitcoin so i believe this is not change and bitcoin will remain on top. Demand and value is always there , the center of the online digital currency will never been forgotten and overpass.
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