How well do you think the bitcoin community will accept a new technology that will replace bitcoin?
Bitcoin cannot be replaced. There can be alternative payment methods if you want less fees, faster confirmation, better privacy etc., but the scarcity aspect is irrelevant to technology, and one could argue it is the single most important property that money has to possess in order to be the best. This single property is perfected in bitcoin, and that's why no other money can compete. 
Topic: When the new becomes old. - page 2. (Read 253 times)
I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
I think we're too advanced to think that a replacement for a well-established technology is possible soon, it might happen but theoretically speaking, bitcoin is a technology that is guaranteed for years. That's why we're too hesitant to use it at first, the adaptation is still on process and people can't even crack how's everything is done. But let's say there is, the only thing we can think of is Ethereum, the technology can be developed more, Vitalik is still open for innovations that will improve Ethereum but at this point, BTC is still the one that leads. BTC is too advanced that people didn't expect a thing like this to come and brought digital money era to our world, some insisted to copy it but failed so IMO, replacing bitcoin is still not doable but possible, the idea might come maybe 10 years from now. New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
That's why people already come up to compare it to gold because it acts like an investment asset. If another innovation will come soon, BTC will not be replaced because it's unique. Invest in both
Every trend has its time but when talking about new innovations to replace bitcoin I think for now we still won't be able to find it because in the end until now there is still nothing that can shift the popularity of bitcoin to date even to just rival it will be very difficult so in the end we will still see bitcoin remain in the same condition for the next few years and maybe even decades especially since bitcoin will also not run out even until maybe we are not in this world even maybe we can see that the situation is better for bitcoin in the future than today.
So in the end I will never talk about something that does not yet exist because the new technology to replace bitcoin I still think does not exist today. Regardless of accepting or rejecting in the end it is a choice but as long as it still does not exist or has not been seen until now why are we debating whether we will accept or reject it.
So in the end I will never talk about something that does not yet exist because the new technology to replace bitcoin I still think does not exist today. Regardless of accepting or rejecting in the end it is a choice but as long as it still does not exist or has not been seen until now why are we debating whether we will accept or reject it.
It's because that the one that they promote is new and many people won't be sure if it's good for them or not until it is or proven to be better than the old one but still some people prefer or fancy using the old one rather than the new one that's why the old one still exist even though younger people don't really use it because there are new ones that do the same just like in bitcoin. In my opinion, it's just an upgrade version of the old one like the floppy disk for example which I don't really see many people using it since there's a new device that do the same job and this also goes in cryptocurrency.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
truth is that even if there is any technology that looks better than bitcoin and the blockchain technology, it will have to pass through all the processes that bitcoin went through before we can comfortably accept that more than just having good features, it has what it takes to stay for the long term and still continue to remain relevant while it acceptance gets more popular even outside of the crypto ecosystem.the market is big and even if bitcoin enthusiast remains skeptical about whatever technology that comes up just because of the believe they have in bitcoin, others can still buy into the technology and still make use of it until gradually the wave affects even those of us that are going to remain bullish on bitcoin and if it becomes necessary to accept it as a better modification of what bitcoin has to offer, we will comfortably do that. life is progressive and what is the talk of the globe might with time become obsolete and it will be unwise to remain glued to the old when there is a new that is better and more useful than the old has emerged.
It is true that newer innovations seems to rivalry the old ones. This only Gomes to be when there is a comparison or a completion in between them both on which is better. It’s often the case with most of the technologies out there, we’re we no longer have hardcopy aspects to what we value but rather, programs as softwares and storages in the cloud.
Bitcoin doesn’t seek to replace but to augment and as much as people who have built their life around a certain way of doing things might reject it, next generations would create room for adoption and that way, it would thrive. Let the critics criticize, it’s just them having to stick with what they completely understand and that in itself is understandable. Good innovations have been known to persist in the eyes of critics and that’s what is expected of Bitcoin.
Bitcoin doesn’t seek to replace but to augment and as much as people who have built their life around a certain way of doing things might reject it, next generations would create room for adoption and that way, it would thrive. Let the critics criticize, it’s just them having to stick with what they completely understand and that in itself is understandable. Good innovations have been known to persist in the eyes of critics and that’s what is expected of Bitcoin.
I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
well to me new thing replaces old things is just cause by advancement of human knowledge and their ideal New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
But let me be honestly, it's just progress. Like, VHS tapes were cool, but now we've way better stuff. And now, BITCOIN! It's a whole different situation, right? It's like maybe we should just be open to the possibility of something even better coming in the future.
I think we should try to be excited about the possibilities instead of just seeing the older things going away. That's tough, I know. But what do you think? Maybe a bit of enthusiasm rather than criticism would be a good feeling, and understand what it will profit to bitcoin
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... How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
It is like in a debate between two people. If what is desired is winning, then the discussion will be off the context and the atmosphere of the discussion is unable to be mediated unless it is published. If you want the truth, then one of them will receive an argument from one party in accordance with the data.... How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
The Bitcoin community will receive new technology if something can be better than Bitcoin because what is sought is not who wins as in a debate. Well, if the technology that will be designed to replace Bitcoin is not able to give more than Bitcoin, it is nonsense.
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the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc
Using this as an example, there are new technology that goes beyond you wanting it or not. Right now movies production companies are looking for other ways to maximise their profit and you as viewers also need to pick up with the trend so is Bitcoin I think those who aren't yet interested in Bitcoin hasn't yet done enough research and comparison with their present traditional financial system I believe when they do they would also see the advantages and join in. What ever happens in the future all I can say is always do your research and understand if it favours you or against you. 
How well do you think the bitcoin community will accept a new technology that will replace bitcoin?
When it comes to accepting something that can make their current belief obsolete, people tends to be groups in three, excited, letting it be, and oppossive. I believe the Bitcoin community is not exempt to this kind of reaction. So I there will be some opposition, some welcoming the new technology and some just don't care.
Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
As the earlier reply stated, it is normal to be skeptical of something new and criticize whether it is in par with what their current investment is (Bitcoin). It is normal to do research, study and see the possibility of the market. After all wise investor always approach new investment with caution.
I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
Right now, I don't see any best long-term investment other than Bitcoin and other potential altcoins that are also on the top listings in the market. When Bitcoin didn't exist, real estate was seen as the best long-term investment, although it has liability, but that's okay because it also has passive income if used correctly.
Although, there is a point that it is not that easy to accept new technology in this era, it seems like back then, when there was no internet, it was not immediately adapted quickly and the same is true for bitcoin when it was just starting out.
I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
The trend in the use of inventions are mainly determined by the age of the users. Hardcopy newspapers still exists but they are mainly used by people who are fifty years and above. Some of them might have accepted online versions but others still fancy the physical ones. I know an uncle who still subscribe to daily delivery of hardcopy newspapers.
Cryptocurrencies are mainly accepted by the young generation while the elderly are still sceptical because they are not conversant with the new invention. They will always choose to invest in traditional assets since it is what they are used to.
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New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
I spoke with some young relative about cryptos and was surprised that most if them know nothing about the industry. There is no need to criticize people who are ignorant about how Bitcoin works. But it because annoying when they begin to spread lies and misconceptions about Bitcoin. It is better to learn about a new technology or shut up if you don't know much about the invention.
Anyway, Bitcoin is not designed to replace fiat but to serve as a reliable alternative.
I think everyone has the right to be skeptical to any investment and also have right to believe in whatever investment. Bitcoin is not for everyone and it is better for someone who don't believe in bitcoin not to make any attempt to invest it because when one is not sure about an investment it normally comes out unprofitable. I think people needs time to adapt, understand bitcoin. It seems when people take their time to accept Bitcoin they take good advantage of it because by this time there is a better understanding of it.
I will give a few examples just so that we can get the point well. The people who really loved and advocated for Newspapers may have found it difficult to really accept that a new technology that is the news blogs online were taking over. Also the advocates for use of VHS tapes, CD's and DVDs accepting that their technology is phasing out and being replaced by the Movie streams like Netflix, prime video etc. This also applies to investment, People who loved a certain kind of investment are yet to accept that investing in bitcoins is becoming better than most traditional investments.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
New technology or innovations are not easily accepted, when that is understood especially when you are an advocate for the technology about to be replaced, you will not criticize those who are yet to accept bitcoin. How well do you think the bitcoin community will accept a new technology that will replace bitcoin? Are we not just going to become the same critics of that new technology even if it offers better opportunities like some people remain critics of investing in bitcoin till today.
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