Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
The mean reason is greed. Bitcoin is unique because Satoshi completely left his creation to the community, without taking any advantage of his share of bitcoins. All the other Satoshis wannabe and bitcoins wannabe just want to make money out of their idea. Building a community like bitcoin's takes years and years, you really need people who trust in you, it's not something that you can do overnight. So why should I go with another bitcoin whose founder decided to keep a ton of coins for himself and he is just waiting to dump them and make money? It makes no sense. 
Topic: why not a new one? (Read 461 times)
Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
We have more than enough coins on the market already, so there is nothing stopping a developer from releasing their coin if they actually think it is superior to anything that is around at the moment, and if it was truly a superior coin you can be sure that people will flock together and support it, but what are the chances this will happen when we have been told this has been the case thousands of times before and every single time it has been a lie? The difference is that Satoshi created Bitcoin because they found the cause to create it. But the people who are trying to clone Bitcoin are doing it to make money. When they say they would make it just like Bitcoin, to me it sounds more like they are talking of profits rather than technology.
Some may want to do it because they think they can make it better. But so far, in the history of all clones, we can see how there’s only one Bitcoin.
There are plenty of Bitcoin forks and other altcoins that came into existence because someone decided that they can do something better. The thing is, Bitcoin is old (compared to other cryptos), it has a big community around it, as well as a lot of media coverage and attention of big companies. It's hard to beat it with a few tweaks here and there. As we can see, the crypto market is in principle not like the dot com bubble: some of the oldest coins are still around and reputable today, and they're not getting obsolete.
Well, if BTC is no doubt the best.
There will be the enthusiasts think that they can create better. Instead of contributing to the development of the actual BTC, they want to prove that they're better than the others and the one existing.
But it's not going to work and no can do with that because whatever the community dictates, it's here to stay and that's the king which is Bitcoin, no other than that, no fork, no altcoin.
There will be the enthusiasts think that they can create better. Instead of contributing to the development of the actual BTC, they want to prove that they're better than the others and the one existing.
But it's not going to work and no can do with that because whatever the community dictates, it's here to stay and that's the king which is Bitcoin, no other than that, no fork, no altcoin.
Then can I earn in BTC if I contribute enough or anything on this platform or does it just depend on the fact that no one is ready to donate anything. (Q)—> if I want to do some work for someone, can be anything, where can I find myself to be open for work to earn some BTC, you know like saving some BTC for myself.
There are also websites like --> https://www.reddit.com/r/Jobs4Bitcoins/
You can search for the other marketplaces where clients and workers method of payment is in Bitcoin.
The idea to create a new project is literally the reason to have thousands of coins in the altcoin world already. It is not really that shocking, and I feel like we could just make it work one way or another. I personally believe that the best thing to do in this situation would be letting people decide what they want to do.
I understand that it is not looking all that complicated, but if you let people create any project they want, while thousands and thousands of them fails, there will be a few that will get the interest. For every ten thousand shit project out there, there is a SOL, or AVAX, or ADA, or MATIC, so forth. This is why I believe that we need to focus on the bright side, we could make it work the way it is and not be worried about it.
I understand that it is not looking all that complicated, but if you let people create any project they want, while thousands and thousands of them fails, there will be a few that will get the interest. For every ten thousand shit project out there, there is a SOL, or AVAX, or ADA, or MATIC, so forth. This is why I believe that we need to focus on the bright side, we could make it work the way it is and not be worried about it.
Didn't we saw that already with "forked" Bitcoins? Solving all of those issues that they don't like about Bitcoin, telling to upgrade it to become better.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
That's true! How many projects have tried their very best to create a much "better" coin than bitcoin? And yet, they are nowhere in the market right now. Those forked bitcoins are just trying to survive. Bitcoin Cash and Bitcoin Classic are just few examples. Though they are still in the trading market, but the eyes of crypto users are mostly in bitcoin. Hard to hold long-term these forked bitcoins because the risk is quite high on these coins.
There will be the enthusiasts think that they can create better. Instead of contributing to the development of the actual BTC, they want to prove that they're better than the others and the one existing.
But it's not going to work and no can do with that because whatever the community dictates, it's here to stay and that's the king which is Bitcoin, no other than that, no fork, no altcoin.
Then can I earn in BTC if I contribute enough or anything on this platform or does it just depend on the fact that no one is ready to donate anything. (Q)—> if I want to do some work for someone, can be anything, where can I find myself to be open for work to earn some BTC, you know like saving some BTC for myself.
Didn't we saw that already with "forked" Bitcoins? Solving all of those issues that they don't like about Bitcoin, telling to upgrade it to become better.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
That's true! How many projects have tried their very best to create a much "better" coin than bitcoin? And yet, they are nowhere in the market right now. Those forked bitcoins are just trying to survive. Bitcoin Cash and Bitcoin Classic are just few examples. Though they are still in the trading market, but the eyes of crypto users are mostly in bitcoin. Hard to hold long-term these forked bitcoins because the risk is quite high on these coins.
There will be the enthusiasts think that they can create better. Instead of contributing to the development of the actual BTC, they want to prove that they're better than the others and the one existing.
But it's not going to work and no can do with that because whatever the community dictates, it's here to stay and that's the king which is Bitcoin, no other than that, no fork, no altcoin.
Didn't we saw that already with "forked" Bitcoins? Solving all of those issues that they don't like about Bitcoin, telling to upgrade it to become better.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
That's true! How many projects have tried their very best to create a much "better" coin than bitcoin? And yet, they are nowhere in the market right now. Those forked bitcoins are just trying to survive. Bitcoin Cash and Bitcoin Classic are just few examples. Though they are still in the trading market, but the eyes of crypto users are mostly in bitcoin. Hard to hold long-term these forked bitcoins because the risk is quite high on these coins.
Didn't we saw that already with "forked" Bitcoins? Solving all of those issues that they don't like about Bitcoin, telling to upgrade it to become better.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
What they did ended up?
They ended up being shitcoins of the market and they've never been popular again. Bitcoin is Bitcoin and there's no need for any replacement of it and some developers trying to do the same thing and keep the features that it's got because it will never make it the same as the actual BTC that we've got.
Bitcoin will be always Bitcoin. Whatever the name, even if someone is creating such similar one with more details or more progress or concept, it won't be Bitcoin. even they claim to be the next Bitcoin/ the new Bitcoin / the latest Bitcoin, and other name of Bitcoin, this will not be as great as Bitcoin. In fact, there are already several projects that carry this concept, but they still cannot be like Bitcoin. Yes, because Bitcoin is special with all its advantages and disadvantages. Currently, there are even many projects that actually carry much better concepts, but they will be altcoins, but as alternative coins, not Bitcoin.
There are still honestly a lot of things that need further improvement in the cryptocurrency scene one would be scalability issues. Whenever a coin becomes successful, the mempool becomes congested and it makes it almost impossible to use that coin in a daily circumstance because of very high transaction fees.
Exactly. Of course, later there will be other ideas that will develop according to the journey. And should Bitcoin also accept it in this way> of course not. because it surely will only have altcoins that support the development of its newest concepts with the attraction of these new things. However, it will actually become altcoins with various concepts and fundamentals. It's just a matter of how they are able to implement it much more effectively. on these altcoins. 
The idea of creating something that is just as bitcoin is the reason why we have so many shitcoins in the market. I think the reason why bitcoin is what it is, is because the founder of bitcoin created Bitcoin from his own idea and did not steal the concept of bitcoin or trying to to copy an innovation just to get bitcoin. People try their best to create something like bitcoin but it is so difficult for them to succeed because they are just trying to steal the idea use in forming bitcoin.
Every plan of creating a new one is just adding to the shitcoins we have in the market, this is why all these shitcoins don't last in the market, they end up getting crashed after sometime.
Every plan of creating a new one is just adding to the shitcoins we have in the market, this is why all these shitcoins don't last in the market, they end up getting crashed after sometime.
Why do you think we need another Bitcoin?
This was my first thought. The "bicycle" has already been invented. Unfortunately, we don’t see anything new other than a parody, although we periodically see statements about the creation of a new and great coin. OP, all you see on the market is the repetition of an idea being repeated. It’s difficult to say that this will always be the case, but so far, time shows that Bitcoin is unique and confirms this more and more every year.
But what about people like me who wants to own some bitcoin, but we don’t have a chance nearly possible but to invest money, if people like us are given opportunity would buy, but what you all legendary name holders are referring is that it won’t attract different adopters but a very few ones who will buy everything and there will be nothing left to buy of that new coin resulting it to never attract gains just like bitcoin right?
I got a PM explaining it, anyways it was such a delight to get knowledge on these topics that too with different approaches, man you guys got to be marinating knowledge all this long.
All I can do is wait and let someone donate some BTC
I feel imma waste my entire life thinking of this but not doing anything about this.I’M BROKE AND I FEEL IT IN MY WALLET
Why do you think we need another Bitcoin?
This was my first thought. The "bicycle" has already been invented. Unfortunately, we don’t see anything new other than a parody, although we periodically see statements about the creation of a new and great coin. OP, all you see on the market is the repetition of an idea being repeated. It’s difficult to say that this will always be the case, but so far, time shows that Bitcoin is unique and confirms this more and more every year.
Mate you are not the first person to think about that.
Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.
Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.
That is just how it is. Such development can be possible but any coin without the chances of Investors to place demands of it is termed valueless.Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.
Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.
It would be quite unfortunate for such potential coin because Bitcoin as the first mover in the crypto industry has seemed to chained the industry with a dominance adoption in the market from the range of global factor.
Infact, there is this mentality that in every similar products, the first product is recommended as the original development which is most reliable and reputable while others are copyright with inferior qualities trying to emulate that original development.
However, the engineering developers of Bitcoin would always sit-up updated in order to remain at that great heel which would make it challenging for any other coins known as the Altcoins to have such developments ahead of bitcoin. Although such development can be possible but still seems impossible considering the influential capacities of Bitcoin.
The reason why there are no competitive alternatives to Bitcoin is that there has never been one that could compete with it as a whole. A lot of projects and developers thought of creating something that could compete with Bitcoin or maybe be better than it when it comes to features such as lower transaction confirmation time, lower fees, scalability, and much more, however, if none of them could divert the attention of the world from Bitcoin towards themselves, it means they weren't better than it despite all the efforts put in by the creators.
One of the biggest reasons why alternative coins were never able to compete with Bitcoin is that they aren't truly decentralized like how Bitcoin is. There are no possible ways for anyone, even the creator, to make any changes in Bitcoin even if they want to, they can create forks, duplicate the blockchain and its features and add extra features, but their versions will not be the same as Bitcoin because they would be centralized to some extent.
One of the biggest reasons why alternative coins were never able to compete with Bitcoin is that they aren't truly decentralized like how Bitcoin is. There are no possible ways for anyone, even the creator, to make any changes in Bitcoin even if they want to, they can create forks, duplicate the blockchain and its features and add extra features, but their versions will not be the same as Bitcoin because they would be centralized to some extent.
Mate you are not the first person to think about that.
Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.
Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.
Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.
Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.
Sure most altcoin has been compared with bitcoin but it not about comparison it should be practical, how many altcoin has the value of.bitcokn the answer is none that's is to say that bitcoin remain the most trusted and valued digital asset that has ever existed, the price of Bitcoin controls the price of other cryptocurrency in digital market, I was following up the price shift of digital assets recently I noticed that immediately bitcoin appreciates in price, coins like ETH, BNB rise to their all-time high and I was surprised to see us h happen that why I concluded that for any coin to appreciate, bitcoin must play a role as the bedrock of alternative crypto currency, the only statement I see as a correct one is that most reliable digital asset profits it's investors in many folds once bitcoin appreciate in price.
Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
Your last statement answered your question earlier, a proper examination into all this and you will find out that there have been other coins out there that have been created to want to look like Bitcoin but then it has always turned out they are not able to take the place of Bitcoin as Bitcoin still stands out and i believe it's way beyond just that you have stated if you will successfully be able to create a replacement or replica of Bitcoin a d definitely others may have tried but ended up as an Altcoins so it's not a new idea you are actually suggest it's something that has actually been attempted but still couldn't beat the original.Just if you so desire to try out something you can Check out other Altcoins and maybe from there you will get a better idea into all I've talked about.
People are satisfied with the features to be honest. There is no need to develop additional features and launch the coins with control mechanism. People loved Bitcoins for the features it is already providing. People also loved Bitcoins for its decentralised nature of the coin. The idea you are pitching is already done by many people and hence resulted in many shitcoins. So yes, there is no need to develop more in the name of Bitcoins.
Well, I think it has to be sounded more clearly before the message sinks in, because it is clear that any new coins created to be launched on the Blockchain network with whatever new ideas, is a shitcoin or an Altcoin or even a token that is very different in processing as compared to Bitcoin. New ones would only be more risk and more risk as at now when the economic palance of many country is not secure and the hope for daily survival and sustainable isn't sure is an new or old investors worst nightmare.
What makes Bitcoin so great is that it is decentralised and it's creator Satoshi Nakamato has been missing for over a decade. People feel confident that he created it for virtuous and philosophical reasons, to disrupt the system of money in the world, not a cash grab or tk become rich or famous. Today there are millions of alt (shit) coins that exist. Majority of which exist to make the owners or investors profit, so they can become rich, the exact opposite of what Bitcoin is doing now. Also consider, Bitcoin has been around for 15 years now. That is not an insignificant amount of time to create a project would could be seen as world revolutionising.
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