What are the comparative advantage of Bitcoin over other blockchains? - page 2.

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Quote from: CryptSafe on June 11, 2022, 08:48:29 AM

Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future?

Bitcoin is favoured by most cause of the unique qualities it was built with.
• High security makes it a good means of storing wealth,
• Decentralization means one can transact independently,
• Transparency makes it easily verifiable.
All these makes it an ideal currency and hedge fund

It's impossible to predict how technology would evolve in the coming years as there would always be changes and innovations, but I am certain how Bitcoin would be in the coming years and decades. So, it would always be in use.

There can be new projects with new use cases, but that does not affect the usage of BitcoinBTC

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Quote from: Solosanz on June 11, 2022, 08:52:09 AM

Blockchains is a public ledger who recorded any transactions and Bitcoin is using blockchains, it doesn't make sense comparing between Bitcoin with blockchains, similar like comparing an orange with an apple. The correct is comparing Bitcoin with altcoins e.g. shitcoins.

You must probably just read the title not the content. It's the same way as bitcoin blockchain to others but reading the content its between bitcoin and alts.

Just like what already mentioned, its the security, security over other features is the most important. Bitcoin serves its purpose as a means of payment and now store of value. Other alts just have many useless features. Most of them are just made to make money and make the team behind richer.

Solosanz

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Blockchains is a public ledger who recorded any transactions and Bitcoin is using blockchains, it doesn't make sense comparing between Bitcoin with blockchains, similar like comparing an orange with an apple. The correct is comparing Bitcoin with altcoins e.g. shitcoins.

Quote from: CryptSafe on June 11, 2022, 08:48:29 AM

Currently, many blockchain projects are under development with good potentials and use cases.

That's only a promise and I don't see any use cases of 99% crypto, mostly they're shitcoins.

Quote

Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up?
Your thoughts, ideas and opinions are welcomed.

Bitcoin will survive since there's no other currency are better than Bitcoin in terms of decentralization, perhaps there's a new currency in the far future will compete Bitcoin, but we didn't see yet currently.

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Bitcoin is the most decentralized and most secure. Being a very simple protocol that only does permissionless value transfers is a huge advantage, compared to other blockchains that are trying to do multiple things.

More features = higher complication = higher chances that some things can go wrong

CryptSafe

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Bitcoin is no doubt the first digital currency i.e digital gold to be founded. So far it has taken the lead over other crypto currencies such as ethereum, cardano, stellar etc for some years now. It has been in limelight and had been recognized and accepted as a means of legal tender in most part of the world. Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up?
Your thoughts, ideas and opinions are welcomed.

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