Why better tech can't kill Bitcoin | Bitcointalksearch.org

Intristing

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Quote from: JANGKRIK BOSS on January 05, 2017, 08:09:18 PM

Quote from: raja2sumi on December 30, 2016, 12:26:06 PM

Bitcoin cant be changed any how by any technology because it is being used world wide for digital cryptocurrency .and the thing which has been discovered first has more value than others no matter what..

Our hope is that will change the bitcoin technology, as we know there have been many benefits with the bitcoin. And the best way is to follow what the technology was already conducted bitcoin.

That is right. The bitcoin can always adapt to the new technologies and new environments.

JANGKRIK BOSS

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Quote from: raja2sumi on December 30, 2016, 12:26:06 PM

Bitcoin cant be changed any how by any technology because it is being used world wide for digital cryptocurrency .and the thing which has been discovered first has more value than others no matter what..

Our hope is that will change the bitcoin technology, as we know there have been many benefits with the bitcoin. And the best way is to follow what the technology was already conducted bitcoin.

thejaytiesto

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Quote from: TPTB_need_war on April 21, 2016, 02:59:39 PM

Quote from: pimpjuice on April 20, 2016, 11:08:31 AM

Alternative coins will never match Bitcoin because the distribution will never be as perfect as the distribution of something that initially had absolutely no value. There will never be a more technically advanced digital token that can take this particular characteristic away from Bitcoin, the perfect initial distribution. The perfect digital gold."

Source:
https://www.linkedin.com/pulse/why-better-tech-cant-kill-bitcoin-thomas-bartsch?trk=prof-post

I disagree and I know how to do it.

Nobody knows how to do it... the genius of satoshi is one of those moments that happen every X decades. He ensambled a lot of already availible knowledge in cryptocurrency and put it all together beautifully, giving birth to bitcoin and solving the byzantine general problems in the process. Those kind of developments happen rarely. There isn't going to be better tech than bitcoin in a very long time. We will have interesting projects such as ethereum, but nothing worth lossing your BTC position over for. Long term crypto money storage is always going to be bitcoin as number 1 option.

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Quote from: raja2sumi on December 30, 2016, 12:26:06 PM

Bitcoin cant be changed any how by any technology because it is being used world wide for digital cryptocurrency .and the thing which has been discovered first has more value than others no matter what..

But it can still be improved.

raja2sumi

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Bitcoin cant be changed any how by any technology because it is being used world wide for digital cryptocurrency .and the thing which has been discovered first has more value than others no matter what..

Naughtid

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Quote from: Intristing on October 06, 2016, 07:57:26 AM

Quote from: Naughtid on October 01, 2016, 12:18:06 PM

Quote from: th3nolo on September 21, 2016, 06:11:40 PM

Perhaps the bitcoin might face a new technology and need accept these changes, but like everything it depends on the community you might say that their whole existence depends on value and respect the community some may see it as investment other people as currency,so that they stop using entirely it may take years.

If there is a new technology which can improve the efficiency of the bitcoin, then the bitcoin should just adopt it.

The problem is that the bitcoin is very slow in adopting new technology and making improvement.

Maybe that is good. As the bitcoin want more secure operation and let others test the new technologies first.

doomistake

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Quote from: pimpjuice on April 20, 2016, 01:46:40 PM

It was a comparison between the sports card bubble and the altcoin bubble. Had nothing to do with comparing bitcoin to beanie babies or sports cards.

I know right. What he said can be a short story and can be publish in no time, just kidding. I think what he's trying to say is even though bitcoin is being used in some illegal activities like what he said that a guy online bought some narcotics using bitcoin and why the technology can't kill it in the first place. Well, it's like he's trying to say that someone who is responsible should kill all the currencies around the world since they are all being used in some illegal activities, correct me if I'm wrong.

Intristing

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Quote from: Naughtid on October 01, 2016, 12:18:06 PM

Quote from: th3nolo on September 21, 2016, 06:11:40 PM

Perhaps the bitcoin might face a new technology and need accept these changes, but like everything it depends on the community you might say that their whole existence depends on value and respect the community some may see it as investment other people as currency,so that they stop using entirely it may take years.

If there is a new technology which can improve the efficiency of the bitcoin, then the bitcoin should just adopt it.

The problem is that the bitcoin is very slow in adopting new technology and making improvement.

Naughtid

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Quote from: th3nolo on September 21, 2016, 06:11:40 PM

Perhaps the bitcoin might face a new technology and need accept these changes, but like everything it depends on the community you might say that their whole existence depends on value and respect the community some may see it as investment other people as currency,so that they stop using entirely it may take years.

If there is a new technology which can improve the efficiency of the bitcoin, then the bitcoin should just adopt it.

th3nolo

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Perhaps the bitcoin might face a new technology and need accept these changes, but like everything it depends on the community you might say that their whole existence depends on value and respect the community some may see it as investment other people as currency,so that they stop using entirely it may take years.

Naughtid

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Quote from: Intristing on September 19, 2016, 12:04:59 PM

Quote from: bitbunnny on September 12, 2016, 04:07:20 PM

At the moment there isn't any other coin on the horizont who could beat the Bitcoin. Maybe this will change in the future but not in the near one. Bitcoin is unique phenomenon and it would take very long time for something similar to appear. And it's not just about techlogy I think Bitcoin is in great deal also social phenomenon.

If the bitcoin is developed properly, it can always adapt to the new environment and use the latest technology.

That is right. I think the bitcoin price will rise, so it will attract more investors and users and it will be developed further.

Intristing

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Quote from: bitbunnny on September 12, 2016, 04:07:20 PM

At the moment there isn't any other coin on the horizont who could beat the Bitcoin. Maybe this will change in the future but not in the near one. Bitcoin is unique phenomenon and it would take very long time for something similar to appear. And it's not just about techlogy I think Bitcoin is in great deal also social phenomenon.

If the bitcoin is developed properly, it can always adapt to the new environment and use the latest technology.

fravia

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Quote from: bitbunnny on September 12, 2016, 04:07:20 PM

At the moment there isn't any other coin on the horizont who could beat the Bitcoin. Maybe this will change in the future but not in the near one. Bitcoin is unique phenomenon and it would take very long time for something similar to appear. And it's not just about techlogy I think Bitcoin is in great deal also social phenomenon.

well i guess you are right, but over time i think that anything might happen, and to be honest even already there are coins such as monero or ethereum that has a lot of potential

in my opinion it should be only the question in time when bitcoins get replaced by some other currencies that have a really great technology, so i wouldnt put too much expectations into bitcoins for the future

even though there is a huge chance that it is going to be replaced by something else in the future i honestly hope that bitcoins are still going to grow a lot, because i have some small amount of bitcoins now that would make me some money

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At the moment there isn't any other coin on the horizont who could beat the Bitcoin. Maybe this will change in the future but not in the near one. Bitcoin is unique phenomenon and it would take very long time for something similar to appear. And it's not just about techlogy I think Bitcoin is in great deal also social phenomenon.

Mrmoney2

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No way.
Bitcoin will always be the biggest coin.
Its market cap is huge and is consolidating more and more every day.
Its not the best tech that is for sure but there is no way to kill btc.
Bitcoin came to stay!

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Quote from: Snorek on September 12, 2016, 03:39:01 AM

Quote from: rekinthis on August 18, 2016, 02:46:45 PM

The bitcoin price will not rise for the next few weeks. If you want to make some quick profit, you can buy some altcoins such as Ethereum.

So you have information that price of BTC will be stagnant but ETH will rise for sure? I doubt it. Currently bitcoin market is in the phase of consolidation, soon price will lift off.
Experts prediction that it could reach $700 with no problem this time.

And why exactly we are discussing price and fork repercussions of ETH vs. ETC in last 10 posts?

ETH and BTC cannot be compared because bitcoin is more legitimate and we have proven that in the past, I just have no trust for the future of ETH so I would say it is only good for short term investment or trading because the trend is very predictable and trading in ETH is always profitable.

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Quote from: rekinthis on August 18, 2016, 02:46:45 PM

The bitcoin price will not rise for the next few weeks. If you want to make some quick profit, you can buy some altcoins such as Ethereum.

So you have information that price of BTC will be stagnant but ETH will rise for sure? I doubt it. Currently bitcoin market is in the phase of consolidation, soon price will lift off.
Experts prediction that it could reach $700 with no problem this time.

And why exactly we are discussing price and fork repercussions of ETH vs. ETC in last 10 posts?

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Quote from: Naughtid on September 09, 2016, 11:52:54 AM

Quote from: jaysabi on August 31, 2016, 07:48:55 AM

Quote from: mirakal on August 18, 2016, 03:18:37 AM

Quote from: Intristing on August 16, 2016, 09:58:20 AM

Quote from: Barbut on August 15, 2016, 07:09:27 AM

There is a logic in OP statement, we do have some old inventions with limited supply and many of them have very good value on the market. I don't know will soft or hard fork do something about it, but for now limited supply is good for long term investments. It means a lot when we know that in future there will be no coins for everyone.
Everything is a risk, we get out from a house with a risk from getting hit from car or some meteorite to fall on our head. People who risk can gain some profit, others will wait for safe heaven.

The limited supply is just one factor. The bitcoin has to adopt the new technologies and learn from the good points in other coins. Otherwise, people will use other coins such as Ethereum.

There is no competition with bitcoin and ethereum as the price of ethereum is base on the price of bitcoin, look at the current market now and you will see they are both down a bit and that would prove that my statement is true.

The price of ETH is not based on the price BTC. ETH is convertible to USD directly. Btc doesn't even have to be involved. Eth's value is independent of btc's. Your analogy is like saying Apple and Google don't compete with each other because sometimes their stock prices go up and down at the same time. It's ludicrous and factually wrong.

That is right. The price of ETH is not based on the ETC. But when the ETC dies, the money will flow into ETH, the ETH price will rise.

I thought that two are just the same one. They told ETC is the original form of ETH or the best of it. So the owner of this are the same people. If one fall then how can you make sure that the other one will be safe from attacks.

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Quote from: jaysabi on August 31, 2016, 07:48:55 AM

Quote from: mirakal on August 18, 2016, 03:18:37 AM

Quote from: Intristing on August 16, 2016, 09:58:20 AM

Quote from: Barbut on August 15, 2016, 07:09:27 AM

There is a logic in OP statement, we do have some old inventions with limited supply and many of them have very good value on the market. I don't know will soft or hard fork do something about it, but for now limited supply is good for long term investments. It means a lot when we know that in future there will be no coins for everyone.
Everything is a risk, we get out from a house with a risk from getting hit from car or some meteorite to fall on our head. People who risk can gain some profit, others will wait for safe heaven.

The limited supply is just one factor. The bitcoin has to adopt the new technologies and learn from the good points in other coins. Otherwise, people will use other coins such as Ethereum.

There is no competition with bitcoin and ethereum as the price of ethereum is base on the price of bitcoin, look at the current market now and you will see they are both down a bit and that would prove that my statement is true.

The price of ETH is not based on the price BTC. ETH is convertible to USD directly. Btc doesn't even have to be involved. Eth's value is independent of btc's. Your analogy is like saying Apple and Google don't compete with each other because sometimes their stock prices go up and down at the same time. It's ludicrous and factually wrong.

That is right. The price of ETH is not based on the ETC. But when the ETC dies, the money will flow into ETH, the ETH price will rise.

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Quote from: Intristing on August 22, 2016, 08:52:31 AM

Quote from: rekinthis on August 18, 2016, 02:46:45 PM

Quote from: asdalani on August 07, 2016, 06:27:46 AM

Quote from: Intristing on August 02, 2016, 02:12:07 AM

Quote from: hatshepsut93 on August 02, 2016, 01:07:16 AM

Quote from: mirakal on August 01, 2016, 10:28:27 PM

Quote from: diodio5 on August 01, 2016, 08:58:00 PM

Quote from: btvGainer on August 01, 2016, 05:14:38 PM

Quote from: BitBerau on April 21, 2016, 07:31:06 AM

So bitcoins to you are a fad Huh

Highly unlikely as those other things mentioned were valuable to the "collectors" but bitcoin is of value to everybody as everybody I know "collects" money. It is the exact same value to everybody at that given time of the exchange.

I totally agree.Bitcoin has value to everyone and given its high price it is more valuable than gold.
You cant earn gold directly but you van earn,buy or mine bitcoin

yeah I think bitcoin have things that are not owned by any other technology weapons that bitcoin can continue to grow and survive. bitcoin has a high price and anonymous. This is not owned by any other technology. so that bitcoin will always be different from other technologies and bitcoin will always persist

Exactly, because bitcoin is decentralized that is why it attract the smart users as they can transact online anonymously. Not only that, due to the less fees in using online transaction that is why in stand out among other payment processors. This is just one platform but with different functionalities.

You are absolutely correct about the fees, but Bitcoin is not very anonymous. Right now the biggest innovations of Bitcoin are it's immutability and openness to everyone and everywhere.

If you want the anonymous, you can try the Monero or Boolberry. These are the very anonymous coins.

That is right. I also invested in some Monero and the Boolberry before. But I invested more in the XMR.

it is dumb to invest in altcoins at the moment, the bitcoin price is definitely going to be booming pretty soon so the smartest thing is to buy more bitcoins

The bitcoin price will not rise for the next few weeks. If you want to make some quick profit, you can buy some altcoins such as Ethereum.

you are right to be honest though in the future i think it should be surely going up and in my opinion it is going to make me some good profit

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