Topic: What if the second Satoshi appears? - page 4. (Read 466 times)
What is certain is that the project must be able to outperform Bitcoin in any aspect. If it is lacking in just one of them, no matter how good the project is, the potential to displace Bitcoin is very unlikely. To be honest, we have often heard of projects that are represented as being able to displace Bitcoin by crypto project developers, but in reality these projects are gradually fading and their value is below Bitcoin and some even end up bankrupt and even scams. This explains absolutely that Bitcoin is a monument to cryptocurrency itself that cannot be replaced.
Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. 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? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?
There are millions of possibilities out there so we can consider one possibility that another genius besides Satoshi might come up with another blockchain and some other token that would solve more blocks, can process more transactions, and would have lesser fees, more rewards, etc. in compare to the BTC blockchain but BTC or its blockchain has become a brand now.Even if those new projects came into being, which is in the market, because there are many blockchains that can process more transactions, have lesser fees, and can create blocks quickly with more rewards in tokens. But those platforms are not able to replace BTC because they are not being adopted by the crypto community and BTC has gained so much attraction and market cap and trading volume that none of the others can compete with it.
So, for the next 20 years minimum and 40 years maximum, I don't think if any other coin can come up that could give solid competition to the BTC market.
No one will ditch Bitcoin just because faster blockchains existed since Ethereum exist a long time ago yet Bitcoin still at the top.
Well, ... Ethereum is imho not better than Bitcoin (not even equal), so it already doesn't fit OP description, and it's certainly not safer (and that by far, sadly) either, and that's imho a common sense requirement on top of what OP has written.
Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. 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? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?
Maybe you are outdated but there’s a lot of blockchain existing that faster than Bitcoin. I believe most of new blockchain nowadays is much faster than Bitcoin in terms of ToS since they use PoS and other protocol.
There’s no second Satoshi just because much better blockchain arrive. Bitcoin is special because it’s the only real decentralized blockchain since there’s no centralized entity or company that control the decision making on blockchain.
No one will ditch Bitcoin just because faster blockchains existed since Ethereum exist a long time ago yet Bitcoin still at the top.
Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. 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? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?
Let's think a little. Do you still use your old Nokia from 1998? I guess not, although 2G is still supported by the GSM network.
If something better, faster, safer it's invented, it has the potential to replace Bitcoin.
But keep in mind that for this it also has to be at least as profitable to mine as Bitcoin is, else the miners will not change, hence the network safety (for the new coin/system) may not become safe enough.
Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. 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? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?
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