Why better tech can't kill Bitcoin - page 3.

Intristing

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

Quote from: mirakal on August 01, 2016, 11:28:27 PM

Quote from: diodio5 on August 01, 2016, 09:58:00 PM

Quote from: btvGainer on August 01, 2016, 06:14:38 PM

Quote from: BitBerau on April 21, 2016, 08:31:06 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.

hatshepsut93

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Quote from: mirakal on August 01, 2016, 11:28:27 PM

Quote from: diodio5 on August 01, 2016, 09:58:00 PM

Quote from: btvGainer on August 01, 2016, 06:14:38 PM

Quote from: BitBerau on April 21, 2016, 08:31:06 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.

mirakal

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Quote from: diodio5 on August 01, 2016, 09:58:00 PM

Quote from: btvGainer on August 01, 2016, 06:14:38 PM

Quote from: BitBerau on April 21, 2016, 08:31:06 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.

diodio5

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Quote from: btvGainer on August 01, 2016, 06:14:38 PM

Quote from: BitBerau on April 21, 2016, 08:31:06 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

jaysabi

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Quote from: btvGainer on August 01, 2016, 06:14:38 PM

Quote from: BitBerau on April 21, 2016, 08:31:06 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

You sem to be unaware that gold is mined as well. Also, it's not an apple-to-apples comparison, but anyway you slice it, it doesn't seem Bitcoin is more valuable than gold. An ounce of gold is worth far more a Bitcoin, and the aggregate value of gold is immensely more than the market cap of Bitcoin. So not sure how you're making that judgment.

btvGainer

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Quote from: BitBerau on April 21, 2016, 08:31:06 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

mrhelpful

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Quote from: martinacar on July 10, 2016, 11:50:01 AM

Quote from: Barnabe on July 10, 2016, 11:24:03 AM

Well, technology is also the key if a state wanted to destroy bitcoins (via hacks, transaction spam or even 51% attacks). Technology is only a tool, it can be used for various proposes.

This is what can kill bitcoin, but next to tech you need good marketing. Bitcoin does got a lot of believers and merchants who put trust in it.
A new coin needs to work on that big time.

Transaction spam can be decreased by just increasing the chain higher then the current format - which last time I checked its 1mb.

So it eventually weeds it out, as for hacking - most crucial hacks are only based on social engineering not like the "movies" you see.

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the life of bitcoin doesnt rely on technology alone. Aside from technology there is this economy that is active in Bitcoin Circle. If you compare, why are there still native tribes that are untoched by technology? Simply because there are people who believe in it, live in it, prosper in it and willing to propagate it. Same thing in bitcoin too.

Barnabe

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Quote from: rekinthis on July 10, 2016, 12:15:50 PM

Quote from: martinacar on July 10, 2016, 11:50:01 AM

Quote from: Barnabe on July 10, 2016, 11:24:03 AM

Well, technology is also the key if a state wanted to destroy bitcoins (via hacks, transaction spam or even 51% attacks). Technology is only a tool, it can be used for various proposes.

This is what can kill bitcoin, but next to tech you need good marketing. Bitcoin does got a lot of believers and merchants who put trust in it.
A new coin needs to work on that big time.

i doubt that it would be possible to destroy bitcoin in that way, i think that better tech cannot destroy bitcoin because it is impossible to destroy it as this technology is the best i think

Well since most bitcoin mining facilities are located in china. Imagine if China's government decides to confiscate all miners and use them to launch a 51% attack. Bitcoin would be destroyed, or at least incapacitated for weeks before deciding a backroll and on which conditions. Each possible solution would crush confidence on bitcoin...

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Quote from: Intristing on August 01, 2016, 03:54:47 AM

Quote from: Vhern on July 25, 2016, 02:24:11 AM

The evolution is changing over time who knows if BTC still expand or destroy, nevertheless bitcoin will continue to be used in the next few months or years because of the stability, popularity and usefulness of it.

The better technology will help the bitcoin as the bitcoin is evolving all the time. It can adopt better technology.

Simple ideas like increasing the blocksize generate so much acrimony.
It would be interesting to see better technology get adopted by the consensus mode. Tongue

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Quote from: Boosterious on April 21, 2016, 11:17:28 AM

It might right,better tech will not kill bitcoin,but i'm sure btter tech if have similar technology and better transaction,it will kill bitcoin smoothly,not kill all bitcoin us to stop use bicoin,but i'm sure bitcoin will lost many users.

agree. I'm not sure if better tech will not affect bitcoin. probably those better technologies will make people see them for a while, and if people realize what tech is better, they will choose whether bitcoin or the other.

let's say some of us, bitcoiners, will stay on bitcoin Grin

ASHLIUSZ

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Quote from: Intristing on August 01, 2016, 03:54:47 AM

Quote from: Vhern on July 25, 2016, 02:24:11 AM

The evolution is changing over time who knows if BTC still expand or destroy, nevertheless bitcoin will continue to be used in the next few months or years because of the stability, popularity and usefulness of it.

The better technology will help the bitcoin as the bitcoin is evolving all the time. It can adopt better technology.

people were reluctant to adopt new ideas and techniques. This resistance may hinder the rate of adoption necessary for Bitcoin to sustain healthy growth. so no alternatives can overcome it now and in future.

TheBrokenGlasstower

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Quote from: BitBerau on April 21, 2016, 08:31:06 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.

As long as Bitcoin is not a standard of defered debt it isn't money. It's a high-risk financial-instrument.

Intristing

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Quote from: Vhern on July 25, 2016, 02:24:11 AM

The evolution is changing over time who knows if BTC still expand or destroy, nevertheless bitcoin will continue to be used in the next few months or years because of the stability, popularity and usefulness of it.

The better technology will help the bitcoin as the bitcoin is evolving all the time. It can adopt better technology.

Vhern

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The evolution is changing over time who knows if BTC still expand or destroy, nevertheless bitcoin will continue to be used in the next few months or years because of the stability, popularity and usefulness of it.

mirakal

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Quote from: jaysabi on July 21, 2016, 06:18:36 PM

Quote from: mirakal on July 14, 2016, 01:50:07 AM

Quote from: jaysabi on July 12, 2016, 08:10:50 PM

Quote from: serjent05 on July 12, 2016, 02:47:12 PM

Altcoin can't kill bitcoin because Altcoin price is dependent on Bitcoin price, in my opinion. New and advance tech would not and will not automatically kill the previous tech as long as the previous tech is functional and updated to catch up with the newest tech or even compete with it. Bitcoin technology in the same manner is ever advancing to cope up with advancing threat of hacks and exploitation. Another thing is Bitcoin had set it foundation as fortress that can't easily be taken down.

Although they often move in near-unison, they're not linked. Bitcoin is just the most well-known. When the value of btc rises, it raises the value of everything else too because part of the volume is based on trades between those two currencies. If Bitcoin disappeared, there would likely be another to take its place, it wouldn't be the end of crypto.

Altcoin is a different thing because it is independent with bitcoins but since bitcoin is more popular that is why it is mostly compared but with successful altcoins they are unique that is why the succeed, we will see great altcoins in the future when the crypto world will grow, all projects just needs to gain the trust of the investor in order for the altcoins to grow.

The inflationary period of Bitcoin (where new bitcoin's are created) will be over, however, mining will continue. It's just that at that point, the only thing being mined will be transaction fees.

Yeah! and that would be good since bitcoins is not subject for inflation in the future we can benefit from our investment and lucky are those who are on board in the early stage as they are mostly the ones who are benefited much.

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I think any better technology can be used or adopted by the bitcoin as bitcoin is just a currency, many features can be added.

jaysabi

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Quote from: mirakal on July 14, 2016, 01:50:07 AM

Quote from: jaysabi on July 12, 2016, 08:10:50 PM

Quote from: serjent05 on July 12, 2016, 02:47:12 PM

Altcoin can't kill bitcoin because Altcoin price is dependent on Bitcoin price, in my opinion. New and advance tech would not and will not automatically kill the previous tech as long as the previous tech is functional and updated to catch up with the newest tech or even compete with it. Bitcoin technology in the same manner is ever advancing to cope up with advancing threat of hacks and exploitation. Another thing is Bitcoin had set it foundation as fortress that can't easily be taken down.

Although they often move in near-unison, they're not linked. Bitcoin is just the most well-known. When the value of btc rises, it raises the value of everything else too because part of the volume is based on trades between those two currencies. If Bitcoin disappeared, there would likely be another to take its place, it wouldn't be the end of crypto.

Altcoin is a different thing because it is independent with bitcoins but since bitcoin is more popular that is why it is mostly compared but with successful altcoins they are unique that is why the succeed, we will see great altcoins in the future when the crypto world will grow, all projects just needs to gain the trust of the investor in order for the altcoins to grow.

The inflationary period of Bitcoin (where new bitcoin's are created) will be over, however, mining will continue. It's just that at that point, the only thing being mined will be transaction fees.

mirakal

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Quote from: jaysabi on July 12, 2016, 08:10:50 PM

Quote from: serjent05 on July 12, 2016, 02:47:12 PM

Altcoin can't kill bitcoin because Altcoin price is dependent on Bitcoin price, in my opinion. New and advance tech would not and will not automatically kill the previous tech as long as the previous tech is functional and updated to catch up with the newest tech or even compete with it. Bitcoin technology in the same manner is ever advancing to cope up with advancing threat of hacks and exploitation. Another thing is Bitcoin had set it foundation as fortress that can't easily be taken down.

Although they often move in near-unison, they're not linked. Bitcoin is just the most well-known. When the value of btc rises, it raises the value of everything else too because part of the volume is based on trades between those two currencies. If Bitcoin disappeared, there would likely be another to take its place, it wouldn't be the end of crypto.

Altcoin is a different thing because it is independent with bitcoins but since bitcoin is more popular that is why it is mostly compared but with successful altcoins they are unique that is why the succeed, we will see great altcoins in the future when the crypto world will grow, all projects just needs to gain the trust of the investor in order for the altcoins to grow.

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