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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

How well do you think the bitcoin community will accept a new technology that will replace bitcoin?

The examples you gave are the good ones but those have nothing to do with Bitcoin or its technology. I know that there's chance to see even better payment methods than Bitcoin that might get more famous than Bitcoin, and may work via new technology standards that we don't know yet, but still Bitcoin will be there even at those times.

Bitcoin will always remain as the king of the crypto world and nothing will be able to replace it. Gold has been there for many many years and yet it isn't replaced and same is the case with Bitcoin. Leave gold aside, Amazon as a e-commerce company has been in the market for many years and yet it's not replaced.

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Quote from: LTU_btc on January 03, 2025, 06:15:30 PM

I think it depends on every person. Some people struggle to accept new things, others are moving together with progress. I spent childhood with VHS and then move to DVD's and now have no problems to use streaming platforms. But maybe age plays big role in these things. When you're older it's more difficult to accept new things and you're looking suspicious into it.
Probably same things appies whn it comes to crypto. About technology that will be more advanced than Bitcoin. I don't know how Bitcoin community will react to it. I guess that there won't be consensus - some people will be sceptical, other will have no problems to accept it.

Don't you think that's a psychological problem with them.Its a new age, it's a digital age but alot of people are very comfortable with their old way of life and financial decisions.Moreso,they just so immune to growth and upcoming trends, that's why their approach is streaming confusion and skepticism.Growth is part of trying new things and engaging in impactful opportunities.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

There are two main factors: the human being is a creature of habit so it takes time to change his mind. At the same time we are now living in a world that moves and changes at a speed never seen before. Just look at the examples you brought: in the last 20 years we changed from VHS to DVD and then to Blu-ray, and now there are streaming services. The newer generations are more used to these changes because the world around them keeps changing, for them it's normal. So if there will ever be a better bitcoin people will switch to it but bitcoin is unique because it's decentralized. So the question is there will ever be a new Satoshi, and not a new bitcoin.

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Quote from: Smartprofit on January 04, 2025, 01:03:30 PM

The main problem here is that people have not yet fully realized what Bitcoin is.

Therefore, in my opinion, it is too early to talk about the emergence of a technology (entity) that will replace the first cryptocurrency.

What is Bitcoin? Modern digital money? Your own bank in your pocket? A protocol for transferring value in virtual space? A global reserve currency? A type of digital asset? Digital gold? A component of the gold and foreign exchange reserves of central banks?

Different people perceive this entity differently.... A clear understanding of what Bitcoin is (what kind of entity it is) will not be formed soon.

And only then will it be possible to think about the technology that will replace the first cryptocurrency.

You are right when you say a lot of people are yet to realise what Bitcoin is
and more importantly what Bitcoin can offer. It will take time but advancements
such as the Spot ETF's of last year for example highlight a sort of acceptance.

Its true also as the OP points out, we can be slow to accept technological adavancements.

Wireless Radio for example was slow to take off I'm sure as was every ground breaking
innovation....just like Bitcoin.

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The main problem here is that people have not yet fully realized what Bitcoin is.

Therefore, in my opinion, it is too early to talk about the emergence of a technology (entity) that will replace the first cryptocurrency.

What is Bitcoin? Modern digital money? Your own bank in your pocket? A protocol for transferring value in virtual space? A global reserve currency? A type of digital asset? Digital gold? A component of the gold and foreign exchange reserves of central banks?

Different people perceive this entity differently.... A clear understanding of what Bitcoin is (what kind of entity it is) will not be formed soon.

And only then will it be possible to think about the technology that will replace the first cryptocurrency.

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When people get used to something or get used to using something. That thing seems very easy to them and when they want to leave it and accept something else, then for some time people do not get used to the new thing easily, that is, it takes a long time for people to adapt to the new thing. People spend money, time and work on an old thing, so they do not want to agree to give it up easily. But Bitcoin is different, Bitcoin is a completely decentralized system and it is not under the control of any administration. Those who invest in Bitcoin are very suspicious of any other project or platform. People associated with Bitcoin are loyal to Bitcoin. They will not be able to trust any other project because they can be cheated from there. If in the future something comes to Bitcoin that makes Bitcoin more prosperous, then Bitcoin fans will accept it.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

We love Bitcoin and the technology for what it has to offer, so I don't think anyone who likes Bitcoin would criticize another system that would offer what it offers and something more. We accepted Bitcoin and blockchain technology because we have been seeing the traditional financial systems for centuries, and we know the flaws and everything they have. Bitcoin isn't flawless, but it's at least better than what exists right now, and I'm sure if another system is introduced that beats it, people will give it more importance than Bitcoin, but only if it truly is better than it, and not just for saying.

What we criticize are systems that are compared with Bitcoin while they don't even come near it. We have been using the system for years, and we know what it is and how good or bad it is, but it is not something that we will prioritize over something that is better than it; at least, I won't do that; not sure about others.

People who aren't ready to accept Bitcoin are still living in the past, or they have trust issues because most people with vintage mindsets think something that doesn't exist physically can't be trusted.

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The new technology that is coming to take over HD decoders are TV streaming Sticks, ans Apps. But I don't think they can take over HD decoders because those new technologies uses extra charges of Internet connection which consume money more than monthly subscription of decoders. Examples. Like streaming apps or Yo TV stick which can be used to convert normal TV to smart TV, you subscribed $10 for 10 gigabyte for the Internet connection and that gigabyte will not carry you or you can't use it till the Month end and you need to subscribe another one again or more and all depends on the times or the way you are using the TV. But in decoder subscription, once you subscribed one month you will be using it till the month end without additional charges. Therefore the new currency that will come and take over bitcoin will have to do a lot. And probably free transactions and lot more.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

now bitcoin is seen more of a mainstream thing now almost everyone knows about it but certainly not everyone uses it or accepts it until now but back then there was even lesser amount of people who accepted or even acknowledged bitcoin so those who believed in bitcoin are the ones who are ready to accept new tech and be accepting of any kind of advancement

like they say the early bird takes the worm and i believe that we bitcoin community will not stop at bitcoin trying to find what is next for the future and how can we take it for our benefit?

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People tend to stay in existing technology that they are comfortable. But we can see the past where Blogs replaced newspapers, and streaming replaced DVDs. That could be the case with Bitcoin too, conservative investors may be skeptical about Bitcoin, whereas Bitcoin enthusiasts may be resistant to future innovations that one day might take over Bitcoin. That's how today's disruptors become tomorrow's status quo. We are used to clinging on to the old, yet progress doesn't wait for anyone, and we must stay open to change. Progress comes at a price innovations, if we hold dear so much to our beliefs, we get left behind in this changing era of technology.

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We like it or not new innovations will surely come and accept it or not if it is better than the previous development other people will accept it and make use of it and if they think it is better it will gradually replace the old technology. So it is everywhere and i think if anything beats bitcoins technology and provides better services people will gradually shift to the new technology so it is only a matter of time before new technologies are developed because nothing lasts forever.

Bitcoin is here to stay for a long time and before any new technology replaces it that’s if they can’t coexist together, I believe it will be a long time and I might be long gone by then to worry about if I will accept the new technology or not. I am skeptical about accepting any new technology that tries to replace bitcoin, I am not sure how the bitcoin community will react but I am sure it will not be easy for them seeing their most beloved technology being surpassed and replaced but we all have to put in mind that innovation is inevitable and someday a new advanced technology might emerge before us and we should not make the same mistakes of missing out on new revolutionary technology and not be among early adopters like we did with bitcoin.

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Technologies will always change, and we are witnesses to it. Our children were born in the times of the Internet, although we were born at its initial development. Just as you correctly pointed out, there was the development of mobile communications.
As a representative of the adult generation and knowing about Bitcoin, I will still welcome everything new that brings convenience. The assertion that something has been invented for centuries and is durable is equivalent to the judgment of stupid people who do not evolve with the times.
Let's remember the expression of the great philosopher Socrates, who said, "I know that I know nothing." You can't claim that someone knows everything and be very arrogant. Only regular learning of new things brings with it the development of civilization, and not its regression.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

Firstly, we need to think of why these people find it difficult to accept that something is replacing something they’ve worked with for the past years. Profit. Those who make, write, or distribute newspapers have probably lost their jobs when news can be pretty much checked in just one click through our phones. Same with those who made CDs and DVDs. I remember there were a lot of DVD stores in malls full of VHS tapes for you to buy from but now they are nowhere to be found. That’s because of platforms like Netflix, Amazon Prime, HBO, and etc. They can’t accept that their source of income is now being replaced by something else.

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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.

Well the bitcoin generation are a different generation than those that came before. I am sure that we are much more open to changes and advancement. I, for one, have always thought that at some point bitcoin will be replaced by something newer and better but that’s not our generation to worry about. That’s going to come a long time.

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A time will come for those people that are criticizing Bitcoin base on they don't have the knowledge of Bitcoin will be the ones to use Bitcoin in the future, because you don't need to force such people to start learning or investing in Bitcoin and once different countries started accepting Bitcoin, their government will create more atmosphere for their citizens to learn Bitcoin. If you look around the global Internet very well today, you will discover that there are new changes in some technology using Internet which is still very easy for people to use them to minine Bitcoin, purchase Bitcoin and other cryptocurrencies. You must know that Bitcoin will not going to stay in the market forever, because a time will come when other cryptocurrency will take the place of Bitcoin to make the decentralized currencies function more globally.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

....
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.

nowadays, there are many coins that offer transaction speed, much lower fees, and other features that are better than what bitcoin offers, but the reason people still believe in bitcoin and think it is much better is because bitcoin has something that other coins don't have, it has reliability, decentralized, limited supply, and much better economic value compared to other coins or transaction tools.

so no matter how many new technologies claim that they can replace bitcoin, it's just big talk, it can't replace the value of bitcoin.

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The lesson here is that always be an open mind when it comes to new things be it innovations in technology or way of doing things, it's always a good thing to be open about things because you will never know happiness if you don't have any progress in you. I think that a lot of stories all throughout the history of humanity, change is always inevitable even though there's a resistance to that change, it will always end with the whole civilization keeping up with the times and stagnation will never be an option, I think that bitcoin will be going through that change but I have to say, our reliance on whaling took us a long time and then the change happened overnight, that's the same for bitcoin I think, it will reign supreme for hundreds of years but a new one will eventually come and change thing for the better.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

to be honest, with the direction of alts going right now, i'm not even concerned by it, most of alts are just massive VC coins, they're PoS too and can never get anywhere close to BTC in term of security.
there's reason why people favour BTC, because all of its characteristics and alts in general are focused on money making instead of utility.

therefore I think BTC is pretty safe from this.

I might be biased but the fact that every other crypto in existence always fall under category of alts means BTC is special and it will still dominate much like how USD dominate over other currency.

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I think it depends on every person. Some people struggle to accept new things, others are moving together with progress. I spent childhood with VHS and then move to DVD's and now have no problems to use streaming platforms. But maybe age plays big role in these things. When you're older it's more difficult to accept new things and you're looking suspicious into it.
Probably same things appies whn it comes to crypto. About technology that will be more advanced than Bitcoin. I don't know how Bitcoin community will react to it. I guess that there won't be consensus - some people will be sceptical, other will have no problems to accept it.

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Some people are that way, but me, I have learnt not to be biased in terms of judgement or accepting innovation because of the love I have for an already existing one.

The world is changing, so should our mind be ready to accept all those new innovations? It's not bad to stick to being traditional or disbelieving in what the new generation has to offer, but I'm not of that opinion.

During the time when the Bitcoin network was very congested and making transactions became a thing that only the rich could afford to pay the fee, I didn't take it because I supported and loved the technology and didn't speak my opinion about how broken I was, and I didn't even wait a second to try out an alternative option for my payment, which I still do to this day.

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Quote from: JiiBs on January 03, 2025, 03:16:53 PM

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.

The technology that we have today surely assist us in a lot of things, as it can give us smooth and faster transactions when it comes to financial matters. However, not all people are willing to adopt as they have other considerations such as not well-versed in this technology or not yet convinced about this market.

Quote from: BIT-BENDER on January 03, 2025, 02:38:42 PM

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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.

They will come around as people are getting oriented to new technology. In time, they will change their stance for example in btc or crypto. Some are still hesitant because they don't have the first-hand experience yet. But more than likely, once they experienced their first crypto transaction, they will understand why crypto transaction is indeed fast and cheaper than other alternatives or traditional financial transactions.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

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

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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.

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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.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

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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.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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
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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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

-snip-

... 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.

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.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

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.

Zlantann

legendary

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Quote from: Stepstowealth on January 03, 2025, 11:37:22 AM

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.

Quote

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.

Y3shot

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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.

Stepstowealth

full member

Activity: 714

Merit: 174

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.

Topic: When the new becomes old. (Read 253 times)