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Topic: which altcoin would be bitcoins likely replacement ? - page 2. (Read 5007 times)

sr. member
Activity: 419
Merit: 250
Iota

Read guys
Read and educate yourself

That's how Iota's Blockchain looks alike. Every new block has 2 references pointing at 2 older blocks somewhere back in time. Except Blocks two, three and four of course since they have only one Block to point at, the Genesis Block. Maybe you could explain the fundamentals for us laymans?

A Tangle is a Directed Acyclic Graph (DAG).



That's right there is no blockchain and a tangle brings with it many innovative benefits.

Read the threads guys.

If you want to really learn whats coming next
full member
Activity: 224
Merit: 100
NOT ANY ALTCOIN WILL REPLACE BITCOIN OR GET AT THE SAME LEVEL WITH BITCOIN PEACE Smiley
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
Iota

Read guys
Read and educate yourself

That's how Iota's Blockchain looks alike. Every new block has 2 references pointing at 2 older blocks somewhere back in time. Except Blocks two, three and four of course since they have only one Block to point at, the Genesis Block. Maybe you could explain the fundamentals for us laymans?

A Tangle is a Directed Acyclic Graph (DAG).
sr. member
Activity: 419
Merit: 250
Iota

Read guys
Read and educate yourself
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
none of them are going to replace bitcoin.
tyz
legendary
Activity: 3360
Merit: 1533
Bitcoin will stay the number one coin for the next years, probably for the next decades. But there are some good projects which could be successors or even good competitors. In my opinion, those projects are Ethereum, NEM, NXT, Counterparty (uses the Bitcoin blockchain) and Emercoin. I also believe that Qora is playing a good role, even it is has some troubles at the moment.
full member
Activity: 238
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
Very difficult to tell. Probably none of the existing ones. Ether has good chances, but there are three very interesting Newcomer:
eMunie,
Decred
IOTA

We will see!
legendary
Activity: 2380
Merit: 1085
Money often costs too much.
Between Litecoin and Dodge as a replacement for BItcoin if BItcoin runs into trouble, I would pick Doge. The reason Doge has a tail emission. The biggest challenge facing Bitcoin today is the 1 MB blocksize limit. What many do not realize is that the reason why there is so much division among the Bitcoin developers is that there is no simple solution to this problem. Simply increasing the blocksize only kicks the can down the road. The issue is how do you secure Bitcoin once the block subsidy runs out? This is why many are so reluctant to increase the blocksize in order to make the blocksize a scarce commodity to ensure that there are enough transaction fees to secure the network.

We are paying 3600 BTC a day to secure this network. Paying the miners 25 BTC every ten minutes.
Compare with Bitcoin Number Of transactions Per Day:
https://blockchain.info/charts/n-transactions?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=
(been about 227.000 transactions at 12/15/2015)
(picking a best case scenario, on a day with merely 1 transaction the numbers are staggering)

On the same day we had 466 USD / BTC on Bitstamp, so 3600 * 466 = 1.677.600 USD to be paid for 227.000 transactions processed.

1.677.600 USD / 227.000 transactions = 7.39 USD and I tend to believe that seven dollars is enough postage payable for a single "Bitstamp" why heading for an even more expensive transaction fee? I cannot afford to pay seven dollars postage and packaging when sending a single dollar to somebody.
legendary
Activity: 3416
Merit: 1225
Enjoy 500% bonus + 70 FS
Don't give up on bitcoin yet,every body who had stake on bitcoin are working it out,bit if you are going to include more coins,litecoin,dogecoin and ethereum are the best choice you can also add bytecoin it's a dark horse and worthy of your bet they are very cheap now and could yield you a good investment in the future...
member
Activity: 96
Merit: 10
There is the eMunie crypto currency that will be having an Open Beta and IPO within just a couple of months or less.  It will have an actually working client with multiple functionality. One of the features is a working Debit card directly to the eMunie live network.  Also, the client will eventually be able to run on just about any computer or mobile device, even a flip phone will be able to run a mobile light client.

Regarding bitcoin, I see it and litecoin staying around as stores of value or like gold and silver, for awhile.  But, because of the 1M blocksize limit, the daily transactional use of bitcoin has just about seen it hay day.  Now that litecoin can be mined with ASICs, I see it eventually going down the same road as bitcoin and becoming centralized by wherever cheap power is located, ie China.
legendary
Activity: 1008
Merit: 1000
★YoBit.Net★ 350+ Coins Exchange & Dice
Even with the 1mb blocksize that doesn't necessarily mean Bitcoin will die though.  All it would mean would be a change in the long term goal.  It may not be any use for daily transactions but it would still make a great store of value similar to gold.
sr. member
Activity: 420
Merit: 250
@CryptoOz
Why does any coin need to replace Bitcoin? as I see it they all can work together.

... because the current adoption level of Bitcoin is hard coded into the Bitcoin protocol. It is called the 1 MB blocksize limit.

What does that have to do with the price of chicken in china?

Is there only one currency in the world? NO

newbie
Activity: 38
Merit: 0
Why does any coin need to replace Bitcoin? as I see it they all can work together.

... because the current adoption level of Bitcoin is hard coded into the Bitcoin protocol. It is called the 1 MB blocksize limit.

The 1MB blocksize limit will kill bitcoin. It is no use for daily transaction. More transaction capacity is required.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
Why does any coin need to replace Bitcoin? as I see it they all can work together.

... because the current adoption level of Bitcoin is hard coded into the Bitcoin protocol. It is called the 1 MB blocksize limit.
newbie
Activity: 49
Merit: 0
Why does any coin need to replace Bitcoin? as I see it they all can work together.
sr. member
Activity: 686
Merit: 270
FREEDOM RESERVE
Ethereum.  I think  100% likely to grow bigger than bitcoin in under 2 years.  Bitcoin will still exist, but Eth market cap will be bigger.
hero member
Activity: 714
Merit: 500
Ethereum has a good and big team.
Development wise they are ahead of bitcoin. But they have a long way to go.

I also believe Stellar's (Lumen) has a solid dev. team. It would not surpise me if they would bypass btc.
sr. member
Activity: 354
Merit: 250
Litecoin seems a good option as any as a replacement for Bitcoin. It's going strong, has good liquidity and can be considered a serious alternative for Bitcoin. Can't say that litecoin will go through the same blocksize problem that bitcoin might be on the verge of or whether litecoin would be steered clear of it, but it might become the cryptocurrency next to bitcoin.

Litecoin has the best current chance because it is a ready made replacement for bitcoin.

Litecoin is just a clone of bitcoin. It will die when bitcoin dies. So it is not a replacement of bitcon.
hero member
Activity: 1372
Merit: 500
Litecoin seems a good option as any as a replacement for Bitcoin. It's going strong, has good liquidity and can be considered a serious alternative for Bitcoin. Can't say that litecoin will go through the same blocksize problem that bitcoin might be on the verge of or whether litecoin would be steered clear of it, but it might become the cryptocurrency next to bitcoin.

Litecoin has the best current chance because it is a ready made replacement for bitcoin.
member
Activity: 114
Merit: 10
if i can't save earth, i'll damn sure avenge it
Litecoin seems a good option as any as a replacement for Bitcoin. It's going strong, has good liquidity and can be considered a serious alternative for Bitcoin. Can't say that litecoin will go through the same blocksize problem that bitcoin might be on the verge of or whether litecoin would be steered clear of it, but it might become the cryptocurrency next to bitcoin.
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