Topic: What if the second Satoshi appears? - page 3. (Read 466 times)

If someone were to create a blockchain better than Bitcoin, it could definitely get some attention. But Bitcoin has been around for a while, and it’s kind of like the gold standard in the crypto world. So, even if a new and better blockchain comes along, it might take time to gain that level of trust and adoption. Both of them could even coexist, with Bitcoin as the digital gold and the new one for different purposes.

I have to disagree with you as long as investors exist in Crypto-currency then altcoins would never disappear it's the best alternative especially for those investors would don't have the financial capacity to purchase Bitcoin in large quantities also those who have interest in short term pump and dump coins, Crypto-currency is big and everyone has their own point of interest so I think in the future we may not see some certain altcoins (probably went to the ground and never rose) but there would be more altcoins in future that would replace them.

there is only one bitcoin in this world, it is only bitcoin which was created by satoshi nakamoto, out there, there are many altcoins that claim to be the best, the fastest, the safest than bitcoin but until now those altcoins have not been able to shift bitcoin from the top. bitcoin will never be replaced, because bitcoin was created to improve the world's financial order, bitcoin will continue to exist while altcoins, surely one day they will just disappear and always remember there will be no next bitcoin, bitcoin will not be replaced.

Just put up into your mind.

• Innovation is unstoppable and inevitable
• There's no such thing about permanent into this world
• Things really get outdated
• Everything would really be that depending on the demand

Thing here is that Bitcoin is really that the father or the main coin that we do have on this market or simply being the origin.
Yes, it might be that a little bit outdated comparing into those current existing ones but still you could see  that demand isnt really that something
that could be dictated. Bitcoin remained #1 but doesnt mean that it would really be guaranteed to be lasting up forever.

This is why it would really be that your choice in speaking about on what coin or project that you are really that want to invest with.

The possibilities of AltCoins taking over Bitcoin is extremely a 99.99% heavy task talk more of a yet inventing future crypto currency to challenge Bitcoin that is already existed as the first invented crypto currency which has been acceleration to maintaining its values and potentials and as a matter fact the most reliable crypto currency.

In summary it is impossible but imaginarily if possible, I will be reminded of the strategy of MMM consider the said coin to be a Ponzi scheme because it is impossible for a just newly invented crypto currency to overhead AltCoins talk more of Bitcoin the topmost crypto currency in values and in reliability.

However, I would refuse to be flexible to things that  glitters for all are not gold. Besides... I am already adaptive and inspired on my journey of Bitcoinaire to take control of my emotions towards investment Strategies and choice makings.

Nothing will happen.

When bitcoin was launched visa already processed thousands of transactions per second. Bitcoin was created anyway, not because it would be faster, but because nobody controls it, i.e., decentralized.

Speed is not important here.

World needs a decentralized currency, which is permitiontless and borderless.

Many people created bitcoin forks that should be faster, but they are just ignored or just made a few people rich.

A lot of new projects come out saying they'll be the next Bitcoin. They say their blockchain is faster or has higher bandwidth or lower fees or something.  But here's the thing - none of them are better at everything compared to bitcoin. Unless some huge flaw comes out that makes bitcoin fundamentally broken, I dont think people will ever fully jump ship.  That's just my opinion though.  I'm no expert.  But I don't see bitcoin losing its top spot anytime in the next few decades at least.

Decentralization is only seen in Bitcoin. None of altcoins have decentralization and fair distribution is harder to achieve by altcoins. They have centralized teams even not anonymous and usually have considerable coins premined by founder teams or minted with smart contracts.

With unfair distribution when their blockchains initiate, it is impossible to see fair distributions years after genesis blocks on altcoin blockchains.

Because their chains are centralized, rollbacks are big risk like Vitalik team did after the DAO hack and in 2022, some Solana blockchain based projects wanted to do the same or Binance Smart Chain can be halted by Binance team anytime.

Satoshi is still called a human even though his abilities and mindset in creating Bitcoin are worthy of being called a human genius.
Albert Einstein and other humans who were considered geniuses because they discovered science that was useful to all other humans also acknowledged that one day there would be other humans who would make great discoveries.
If humans after Satoshi were able to produce a useful discovery in the application of a system like Bitcoin, we also admit it, but don't ask to what extent they can beat the greatness and superiority of Bitcoin.

I hope you return to this thread to read one by one the posts that are present here responsibly after you invite discussion.

There are already people who have created blockchains that are “faster” and “better” than Bitcoin. They have blockchains that are everything different than Bitcoin that you could imagine. However, the problem is always decentralization and fair distribution. This is where Bitcoin will always be King and why it isn’t easily replicable.

I am not sure who is/ are Satoshi Nakamoto and can not say that the founder of Bitcoin is a man, woman or a bigger entity like a group of secret agencies, government, whatever.

There are many alternative cryptocurrencies (altcoins) with bigger block sizes, faster block times but you know, Bitcoin is unique and is a strongest cryptocurrency.

Bigger block size does not mean anything if people don't want to sacrifice their fund security to use a blockchain that can be more easily attacked 51%.
Faster block times, faster confirmations are not attractive enough for careful people who don't want to face with risk of censorship, blockchain rollbacks that can be done by centralized altcoin blockchains.

https://howmanyconfs.com/

That website has a comparative table that shows you the power of Bitcoin network compares to altcoin networks.

many new projects have claimed to be the next bitcoin but so far nothing has replaced bitcoin yet bitcoin is a well-established  name now and for a reason even if there would be a new cryptocurrency that could surpass bitcoin it’ll take time still there are over 190 million users of bitcoin (https://explodingtopics.com/blog/blockchain-stats#) they’re not gonna just drop a trusted and reliable currency for a new one that claims to be all better than bitcoin in a snap

time will tell but right now and maybe in the next few years bitcoin will remain to be the biggest cryptocurrency

Yeah, there are other blockchains that are faster, have lower fees etc, but none of the existing ones are better at aboslutely every aspect than bitcoin like decentralization, reliability (+ all previously mentioned) and that's why all of them failed to surpass bitcoin.

As for OP's question, if something better than Bitcoin appears, people will most likely adopt it but I don't see it happening anytime soon. And even if appears, it doesn't mean that it will make Bitcoin completely obsolete.

You can't tell whether the miners are really going for the new one. Even if they start with CPU mining to make it fair for everybody it's the price that will determine if people are really going to use the network. Nothing beats BTC still since it was adopted and we have gone through all the fuds in this world for it and only to be replaced?

Satoshi wasn't greedy. He didn't use the BTC in his wallet also. In fact, he wants the miner to start over but none wants to restart the network as least this is what I know.

This will only create a more competitive environment in the bitcoin market and nothing big. The new technology will be regarded as a new one and bitcoin will still exist and stand on its existence protocols. The world is big for new technologies to emerge without having to tarnish the existing ones. Bitcoin was already built on decentralisation which many digital currency tried to copied but all to no avail. It will not be an easy one for something like bitcoin to be invested again, but when it does, they can both exist on their own without destruct the use of any of them.

Well, where is that, "The Thing new, " there have been more than 12 thousand attempts, so, what happens, nothing.

In fact it is "incomprehensible" (it is not so much, we already know the reasons) that something like bitcoin in +14 years there would not be replaced in a more relevant percentage than what we currently use, consequently, we understand that bitcoin is a relevant option to "accompany" (for now) what the traditional Fiat system manages..

So, in practice it is not only about better than what exists, the systems, understanding their definition as a global aspect, not only referring to the technological aspect, the systems are complex to adapt to new things, in this case technologies, the implementation of anything new has an impact on the user.

Anyone who works in the IT aspect understands this, but it not only happens in the implementation of a technology, it happens in the implementation of infrastructure, new policies, etc. An existing system has an adaptation period, and that adaptation period includes rejection and/or acceptance.

So in that idea, any project that is carried out with the new idea of being better than bitcoin faces first of all the great existing Fiat system and then bitcoin, this regardless of how efficient the first two mentioned are, in that sense any new project has to face the trust that exists with the two systems mentioned.

There is currently no crypto project as reliable as bitcoin, but above all, that users give it so much trust, hence, any project will take many years to achieve the latter.

Just like the second coming of Jesus or the rapture, we will never know about the next Satoshi until we see him in action, and I think that's a far from ever happening anyways, a lot of early cryptocurrencies were inspired by bitcoin and most of them wanted to create a bitcoinesque crypto that has a better network and at the same time be better than bitcoin but so far no one or none was able to create the next bitcoin and no one has yet to topple the throne of Satoshi as the best founder in the cryptocurrency space, but to indulge your fantasy, I would say that people would probably have the same reaction when Satoshi and his bitcoin first appeared, only the tech bros would probably be interested in it but they're accompanied now by speculators and those speculators are going to be the factor that will make or break the next Satoshi, if they get in too fast then the possibility that people will quickly get out to make a profit.

That person will rather be regarded as Refurbished Satoshi because I know it will definitely be building on the existing protocol that bitcoin is on and this is something satoshi doesn’t also rule out.


Yes POS is faster than POW because of the computational power needed to solve the puzzle of the block but that also makes up with its security. Also POS dependent coins aren’t even the fastest. We have something like Ripple which uses neither of both and is faster than them, but at the detriment of what? Centralization.

I cannot agree more with you. BTC really has become a brand, just like old and reputed companies, which are the first choice of all investors to invest money in. Why would an investor spend millions of dollars on a project with a high risk that is being launched in the market in competition with BTC? That would be so stupid, but even though, as you said, many new tokens or coins have been launched into the market, the funny thing is that most of those meme-shit coins make posts on social media platforms.

If you missed BTC, ETH, BNB, or some other two or more coins, then buy our shit coin and make 100x. Yeah, many platforms try their best to lure as many people as they can, and then all they do is rug-pull them.

Overall, if one does know the potential of BTC like you mentioned, the market cap or dominance would be great to mention here, then that person considering the new upcoming BTC would definitely delete that thought. And for OP, no, we won't ditch BTC at least. I will not do that.

If a better system is created and it is proven to be superior to Bitcoin is security, decentralization, scalability and other factors, it will replace Bitcoin as the top cryprocurrency.

Bitcoin is at the top cause it is superior and not because of the sentiments of investors, so it will be an easy choice should something better come up. This will not make the inventor the second Satoshi and will not make the invention Bitcoin 2.0.
Bitcoin will still exist and be used