Topic: There is no doubt that bitcioin will be replaced by another cryptocurrency - page 5. (Read 902 times)

I'm not sure. The most important advantage of bitcoin is its name. You can use many altcoins but keep your savings you will always be in bitcoins. I only do one transaction per month so I'm not interested in the price and the rate of confirmation by miners. perhaps this is the main reason that developers do not want to change anything.

I would say that bitcoin still be on top for more years to come, but it's not imposible for other crypto to reach the success of bitcoin most especially if that coin have great project, it's really depend on the demand on the user.

Replacement in what area? If in price category, then the bitcoin is on the first place still very long. If to take popularity in calculations, then probably ethereum it is very close to superiority.

Bitcoin is the pioneer and basis of other onliine currency which is why the value iis dependent on bitcoin itself liike etherium.

Yes there are lots of other cryptocurrencies that the developers are trying hard to solve the different problems but Bitcoin not same as 3 years ago.. Remember. Now we have a SEGWIT and LN features. And I doubt that there are more strong developer teams in other cryptocurrencies.

I strongly agree with you on this. It is just a matter of time. Bitcoin is the standard, been the first well known and acceptable digital currency. It doesn't rule out the fact that another alts can take it's place. The purpose of blockchain technology has been achieved been decentralised and reduce charges.

May be in a long term. 3 years-5 years. Just look on a statistic right now:

BTC level - 9, 348, 43 USD
ETH level - 753, 19 USD
Ripple level - 0, 825 USD

All of them are not stable. I heard a lot of amazing reviews about Ripple, and what can I see now? It was 20 cents per coin, and when it was 3 USD per coin, all people are going crazy.
The forget about BTC, of course it  is logically right decision. BTC is over prized right now and Ripple is low prized. But what can we see now? For Ripple it is hard to be more then 1 USD per coin.
The same situation with ETH, of course ETH has the strongest blockchain but right now it is 750 USD per coin and in a month it will be 700 USD. I see no contenders to a BTC in 3 years for sure.

in the beginning until now after the success of bitcoin many altcoins try to compete with bitcoin but the end result is they can't surpass it. bitcoin have flaws and limitations but why does it still number one? over the years bitcoin have become popular and widely use by many. we can say bitcoin have a solid foundation and it is hard for altcoins to destroy it.

It may happen if some new crypto gets much superior qualities or if something happens in the world, that makes the Bitcoin look not so attractive as compared to the other crypto (e.g. taxes).

We do know most of the developers. Everyone is free to propose a change since Bitcoin is open-source. There are many altcoins out there which claim to be faster and cheaper than Bitcoin but you have to keep in mind that's natural. It is easier to create something new than upgrade the existing thing. Can you imagine what would happen if there was a critical bug in Bitcoin after an upgrade? It would cause a lot of panic which could lead to huge crash on cryptocurrency market. In my opnion, Bitcoin will be slowly upgraded and it will still be number one cryptocurrency.

many other coins are top 10 best coins in crypto that are under the order of bitcoin, but they can never replace bitcoin because bitcoin will be the top coin in cryptocurrency

The movement of the cipher market is the same as its inherent nature. No one will believe in sudden changes until we know it. Bitcoin is hard to replace at any time because the support from the mining community and the people and investors is huge.

as long as there're still many people talking discussing about bitcoin, it can't be replaced anytime soon. Yeah, i agree that more coins are stepping ahead and making lots of good impression and profits as well (which is instant and i normally don't trust the hype), bitcoin doesn't have that hype anymore which will vanish in 3 days later, but after years and years as we have all been witnessing it, so? INVALID!

An assumption that has been mady by Nobel laureate F.A. Hayek in his book 'The Denationalization of Money' back in the late 70s:

"I believe that, once the system had fully established itself and competition had eliminated a number of unsuccessful ventures, there would remain in the free world several extensively used and very similar currencies. In various large regions one or two of them would be dominant, but these regions would have no sharp or constant boundaries, and the use of the currencies dominant in them would overlap in broad and fluctuating border districts." (p.126)

- A lot of 'unsuccessful ventures', like scams and coins with scalability issues would dissapear.
- BTC would remain as a global payment method, but potentially be outweighted by regional currencies like Colu or E-Krona.

Hayek explains that in a world of free competitive currencies, people and industrial centres and regions will find their best approach by holding the most advantageous monies/commodities/tokens for their means:

"Regions with different compositions of the currencies in circulation would, of course, overlap, and currencies whose value was based chiefly on commodities im- portant for one way of life, or for one group of predominant industries, might fluctuate relatively .more against others but yet retain their distinct clientele among people with particular occupations and habits." (p.76)

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Reference:
Hayek, F. A., von. (1990). Denationalization of Money (Third Edition). London: The Institute of Economic Affairs. Retrieved from http://nakamotoinstitute.org/static/docs/denationalisation.pdf

that is an oversimplification of the subject. btc has a considerable lead over its competitors and the problems it has are not meaningful enough for the majority to switch. i bet most people trading btc have no idea about these problems.

I disagree, while there is a certainty that bitcoin would not be able to keep being number one forever I still doubt that it would be soon. With the rise of a conversation seeking a side for the cryptocurrency market bitcoin has been the face and the forefront of every battle, critic, speculation and more which to me signifies that a lot is riding on the bitcoin coin more than we can imagine. That means that if it falls it can be a big blow to the cryptocurrency movement

No odds! Bitcoin and ethium can never be destroyed.
The two most valuable coin of the Crypto money exchange is btc and eth. Bitcoin and ETH have their own networks. Other coins are being produced via btc and eth networks.
Bitcoin crypto money exchange

Everything in this world will change respect to time. So I think Bitcoin will replace by another crypto currency in future.Some of potential cryptocurrency are ETH,litecoin,monero,Ripple.The price of Bitcoin is around 9300$ and price of Ethereum is around 800$.Now the percentage of increase in ETH is greater than bitcoin.

I strongly disagree with this, if bitcoin is to be replaced by another cryptocurrency, then that means that people lost its faith with bitcoin and thus all other cryptocurrencies. Bitcoin going down will mean Cryptocurrency going down too. And nobody wants that to happen.

I am sure that from the beginning until when bitcoin will not be replaced with other cryiptocurrency. like a head bitcon may not be a member other than the principal will replace the head position. it seems impossible .