what if bitcoin becomes inferior - page 5.

Churchillvv

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Quote from: Cantsay on November 04, 2023, 12:22:07 PM

How is this thread different from the previous one you made? What if the second Satoshi appears?

Well I noticed this same thing and that is why I decided not to continue with writing on the discussion and instead make a correction. The fact that you also said something about it means most people saw it and ignored and continued with the discussion either to complete their post count or something else. But @OP don't you think it does make sense to repeat what you have said ?

I also observed something but I don't how clear it is to others but for me it's certainly not understandable if you have read the first post then you have to notice it too or maybe I'm the person that is not understanding the statement but let's get it clear. Or may if am wrong i should be corrected by the @OP

Quote from: puradak on November 04, 2023, 12:08:32 PM

Satoshi gave us a gift called Bitcoin without any greed and went somewhere.

And you said this below in the other thread leaving me with confusion. The greed here is my problem, are you saying below that Satoshi created Bitcoin with greed or you are saying he didn't create Bitcoin with greed? This two sentences are very confusing to me. Because it breaks the rule of concord in English, and smell this to be a result of paraphrasing tools or AI.

Quote from: puradak on November 04, 2023, 10:25:56 AM

But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did?

sokani

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Quote from: puradak on November 04, 2023, 12:08:32 PM

A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

You've raised a very good question and honestly I've never thought about this before. Just as you pointed out, the world is evolving everyday, technology is constantly been improved and newer products are developed as we've seen with automobiles, television, aeroplanes etc. However, since Bitcoin came into limelight there have been many cryptocurrencies that have sprang up, claiming to outperform Bitcoin. Most of them have disappear into thin air while some of them are in life support fighting for their dear life. So what I can tell you is that Bitcoin is here to stay and there's really not going to be any altcoin that will outperform Bitcoin.

tbct_mt2

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Quote from: puradak on November 04, 2023, 12:08:32 PM

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion

Did you read?
Satoshi's lesson.

Satoshi Nakmoto Institute archives literature about Satoshi Nakamoto.
The complete Satoshi

In Bitcointalk, you have a big list of topics on Satoshi Nakamoto.
I gathered every Satoshi Nakamoto thread.

Quote from: puradak on November 04, 2023, 12:08:32 PM

But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

Bitcoin now is bigger and stronger than in 2009 and a few years after that. It does not get it after one night, immediately after the Genesis block but it gets it slowly with time.

You will understand more about it after reading The bullish case for Bitcoin.

mindrust

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Bitcoin has a network effect which the other coins will never achieve to get. In the early years of crypto, it was easier to create a natural coin distribution via mining but now it is impossible because everybody knows about crypto. Big miners will capitalize the new projects leave nothing to the average people. Bitcoin is unique that way because when bitcoin came to surface, most people couldn't understand what it is about. Some people sold their stash as soon as they they doubled their money. No other coin will have the same natural history like bitcoin. Also remember, bitcoin is a software. It gets updates every once in a while so when a new idea appears, btc will use it as well. No need to worry about it.

Cantsay

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How is this thread different from the previous one you made? What if the second Satoshi appears?

At one point or another a different project will come that will give us more than bitcoin has already given and the fact that we have been in support of bitcoin does not mean when we see a project with good intentions and with actual solutions for now all that we have are just some wolf project trying to present themselves as sheeps.

Wiwo

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Technologies involve every time and new developments always come up from time to time, and if it is a good technical, then the world will welcome it and it is as a compliment to what we already have that be it so I don't see any threat to bitcoin if there be any feature successful development that plays the role as bitcoin since we already have some alternatives currencies already.

Google did not replace Yahoo but then both are playing there vital unique roles, it all depends on how you the user take them at per time and how you chose to use them and when to also use them.

Charles-Tim

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After bitcoin has been existing, there has been so many altcoins. As at today, there are over 27000 altcoins, but bitcoin has over 50% of the market dominance. Most of the altcoins are tokens on a centralized blockchain and most of the remaining are also centralized. Bitcoin remain to be like a true decentralized digital currency which is far more decentralized. I am surprised that as of today, with over 27000 cryptocurrencies, bitcoin is still at the top with none of the other coins that show any sign of overtaking its market capitalization. Although, yet not a surprise because of how the altcoins are.

puradak

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I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion. I have a little bit of bitcoin. I'm pretty relieved just to have Bitcoin. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

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