Topic: Why better tech can't kill Bitcoin - page 6. (Read 5299 times)
Bitcoin is evolving all the time. So the better technology can be adopted by bitcoin to make it better.
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
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.
It depends on your opinion on quick, i reackon in 10 years when i am a millionaire i will reakon 12 years was a get rich quick scheme ......lol 
That's actually a fair comparison. In 2010 bitcoin wasn't worth much but as time went on and the prices skyrocketed, all of a sudden people want to jump on the bandwagon in hopes of 'getting rich quick'. Bitcoins are a collectible!
So what! Dont you expect the good price for bitcoins in the market as soon as possible. always bitcoin is worth to all...
That's actually a fair comparison. In 2010 bitcoin wasn't worth much but as time went on and the prices skyrocketed, all of a sudden people want to jump on the bandwagon in hopes of 'getting rich quick'. Bitcoins are a collectible!
because bitcoin is best of technology, 7 years on, it still has it's own fascination.
therefore inversely related to bitcoin. the higher the technology developed, the higher is the revolution that is developing out of bitcoin. I guess like it
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.
So bitcoins to you are a fad 
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.
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.
First, you have to understand how an exchange works.
An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers.
So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money.
Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange."
What do you mean by "It is the exact same value to everybody at that given time of the exchange"?
If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or?
But yes 1btc for a dollar - AT THAT GIVEN MOMENT! What else would dictate what it's value is? It is uniform for everybody across the board no matter what
That is the function of the market price.Re. "not on an exchange" -- see my edit.
Re. "But yes 1btc for a dollar - AT THAT GIVEN MOMENT!" -- how is this any different from selling Sports Cards or BTCeanie BTCabies or the Brooklyn Bridge? The price is always the price, "AT THAT GIVEN MOMENT," between the parties involved in a given transaction.
So bitcoins to you are a fad
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.
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.
First, you have to understand how an exchange works.
An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers.
So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money.
Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange."
What do you mean by "It is the exact same value to everybody at that given time of the exchange"?
If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or?
But yes 1btc for a dollar - AT THAT GIVEN MOMENT! What else would dictate what it's value is? It is uniform for everybody across the board no matter what
That is the function of the market price.Re. "not on an exchange" -- see my edit.
Re. "But yes 1btc for a dollar - AT THAT GIVEN MOMENT!" -- how is this any different from selling Sports Cards or BTCeanie BTCabies or the Brooklyn Bridge? The price is always the price, "AT THAT GIVEN MOMENT," between the parties involved in a given transaction.
This 'collectible' has a lot of practical uses.
Sure. So do all collectibles. You can always use Degas' loli dancer bronze as a doorstop, or use sports cards to shim a chair that rocks. That's not where most of the value lies, tho.
I would call bitcoins as digital gold as gold has earned its value in years while bitcoins is something new and not known worldwide too. Though it has gained recognition since 2013-14, some people still aren't completely aware that it exists. The future may be even better and we may use crypto currency that may have many advantages or disadvantages too like bitcoins and we would need to move on then. Just like few years back the people who preferred using fiat instead of Debit cards moved on to bitcoins, they would be open to adopt a new currency. Bitcoins, as of now, can die anytime soon as it's totally dependent on supply & demand.
This 'collectible' has a lot of practical uses.
That in itself sets bitcoins apart from sports cards.
Of course, I agree that all the alts have no hope of replacing bitcoin.
That in itself sets bitcoins apart from sports cards.
Of course, I agree that all the alts have no hope of replacing bitcoin.
I actually a) don't agree with the premise and b) don't like the idea that bitcoin can't be killed by better technology.
I can imagine people flying in Zeppelins over the Atlantic in a week or so, thinking that planes might be faster and better, but newer better technology can't destroy the Zeppelin.
I thought Bitcoin was about innovation and an improvement on the old system of fiat money. By ignoring or denying further improvments, you are going against the idea of Bitcoin.
I am not saying that the future is here, and that current generation Alts can replace bitcoin, but if and when something comes along that is actually better than Bitcoin, I will sell up and move to that instead.
I can imagine people flying in Zeppelins over the Atlantic in a week or so, thinking that planes might be faster and better, but newer better technology can't destroy the Zeppelin.
I thought Bitcoin was about innovation and an improvement on the old system of fiat money. By ignoring or denying further improvments, you are going against the idea of Bitcoin.
I am not saying that the future is here, and that current generation Alts can replace bitcoin, but if and when something comes along that is actually better than Bitcoin, I will sell up and move to that instead.
The idea is better technology can come along but that technology will not kill bitcoin. There will be many tokens in the future with different uses but many of these tokens, if they survive, are likely over bought and over produced. For example, there will never be one blockchain or distributed ledger. We are already seeing private versus public, and different utilities like smart contracts and bridges. The interledger protocol by Ripple could be key to connecting the thousands of ledgers that will exist.
I believe bitcoin is and will be digital gold. I think the hype behind bitcoin's world dominance as the one world currency is ridiculous and was produced by speculators trying to overhype bitcoin by raising its potential market cap through these crazy thoughts. Gold is a 7 trillion dollar market, if bitcoin were to just take a small portion of the market one bitcoin could be worth tens of thousands of dollars.
So bitcoins to you are a fad
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.
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.
First, you have to understand how an exchange works.
An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers.
So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money.
Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange."
What do you mean by "It is the exact same value to everybody at that given time of the exchange"?
If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or?
But yes 1btc for a dollar - AT THAT GIVEN MOMENT! What else would dictate what it's value is? It is uniform for everybody across the board no matter what
That is the function of the market price. So bitcoins to you are a fad
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.
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.
First, you have to understand how an exchange works.
An exchange doesn't pay you for your BTC, it simply matches the buyers with the sellers, just like eBay matches BTCeanie BTCabies buyers and sellers.
So yeah, BTC is only valuable to collectors. No different from Sports Cards, Beanies, or Litecoins, or Feathercoins, or BBQ coins, which all claim to be money.
Edit: Sorry, misread "It is the exact same value to everybody at that given time of the exchange." as "on an exchange."
What do you mean by "It is the exact same value to everybody at that given time of the exchange"?
If I sell you 1 BTC for a dollar, that would magically make all BTC worth $1? Or?
I actually a) don't agree with the premise and b) don't like the idea that bitcoin can't be killed by better technology.
I can imagine people flying in Zeppelins over the Atlantic in a week or so, thinking that planes might be faster and better, but newer better technology can't destroy the Zeppelin.
I thought Bitcoin was about innovation and an improvement on the old system of fiat money. By ignoring or denying further improvments, you are going against the idea of Bitcoin.
I am not saying that the future is here, and that current generation Alts can replace bitcoin, but if and when something comes along that is actually better than Bitcoin, I will sell up and move to that instead.
I can imagine people flying in Zeppelins over the Atlantic in a week or so, thinking that planes might be faster and better, but newer better technology can't destroy the Zeppelin.
I thought Bitcoin was about innovation and an improvement on the old system of fiat money. By ignoring or denying further improvments, you are going against the idea of Bitcoin.
I am not saying that the future is here, and that current generation Alts can replace bitcoin, but if and when something comes along that is actually better than Bitcoin, I will sell up and move to that instead.
So bitcoins to you are a fad
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.
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.
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.
Because bitcoin is completely unlike altcoins, and the bitcoin bubble (good times, good times...) was totally different?
@spazzdla: Conversely, anyone with more than 50 posts is an overinvested shill. How about focusing on the content, without resorting to catty ad hominems?
Pro tip: If the poster has less than 50 posts they are a troll.
^^Finally! Someone clearheaded enough to grasp that bitcoins are like any other collectible with artificially limited supply.
Like sports cards. Like Beanie Babies.
Like sports cards. Like Beanie Babies.
Like gold.
Its not entirely there for gold, but it could be in the right direction for it.
As long there is a massive amount of buy orders and contain a or keep increasing in volume, building bitcoins value is similar to building like the s&p500
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