Topic: Will any other coins like Bitcoin be discovery in the future? - page 2. (Read 366 times)
Possible but unlikely. If bitcoin keeps updating itself, there will be no need for a new crypto in the first place. The only problem btc has right now is the high fees. When the devs solve that problem btc will become the perfect asset. They tried to solve the problem with LN but LN is a bit hard to use and it is not decentralized if you use custodial wallets so I understand why many people don’t want to use it. If the devs don’t fix these issues though, some other project might replace btc. It happens all the time in tech world. Obsolete tech dies and gets replaced.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
First BTC was not discovered it was invented by Satoshi Nakamoto, I don't have the intention to discourage you, it's just, that I thought you should know the difference between invented and discovered, if you already knew then never mind my comment.What is yours opinions?
I don't think there would be any other coin that would compete with BTC because BTC has 50%+ dominance which means it has the most dominance over other crypto or to emphasise the importance of this we can say, it covers half of the market cap of the crypto industry alone.
To compete with BTC, many coins have to spend years just like BTC did, even the forks of BTC were not able to compete it while they were the advanced and improved versions of it. ETH comes at second number but still it can't compete with BTC because of volatility of BTC.
whether such coins like Bitcoin will be discovery in the future.
What is yours opinions?
i think that the reason why we have series of altcoin project coming out on a regular bases is that they want to model the functionality of bitcoin and create a coin that's just like bitcoin looking for ways to improve on the inefficiencies of bitcoin so the altcoin would be preferable compared to bitcoin.What is yours opinions?
That's for me not a bad idea if they are able to create a decentralized altcoin that is better that Bitcoin and not just one that would not stand the test of time but one that people can trust such as they trust Bitcoin and won't end up becoming a Ponzi scheme after people have invested their funds into it.
For how long Bitcoin has been on the top of the market, people always tend to say that the coins they are creating are much better than Bitcoin, but no matter how long they've planned the project to invent a new coin that could face with Bitcoin, it hasn't reach Bitcoin's level decentralization, plus the fact that Bitcoin's already ahead of its supply and demand, due to its scarcity it reaches that amount in the market. We still don't know what the outcome in the future, but maybe in the next few years or decades there will be a coin that could reach almost the same as Bitcoin but it would need hype, a good roadmap, a team, etc.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
Theres a thousand altcoins already in the market i guess you are just focused on bitcoin and those altcoins have their perks in their different platforms, and purposes of course, bitcoin is the only decentralized reason why this called as mother of all coins and getting paired with altcoins, if you join into the crypto space there's a lot of projects those projects have their coins still those can be considered as part of the altcoins. Even among all those coins people keep saying that the bitcoin still is the safe haven of the crypto.
If you only want a coin that like Bitcoin, we already have Litecoin, no need for the new coin. People treat Bitcoin as the gold coin, while Litecoin is the silver. In case Bitcoin price is really too high, I guess small holders who interested with Bitcoin, but can't afford to buy it, will shit to Litecoin.
The only other cryptocurrency I can confidently sell my sats for, is Monero.
But Monero isn't scarce.
The fact is bitcoin has already been discovered (invented) every other thing that's gonna look like it is not going to be an invention any more but a project that is meant to modify the features of Bitcoin.
There are over 10,000 coins that has been created, some claims that it's more than Bitcoin some even call themselves the new Bitcoin but most are failing already so it's not possible from perspective to have another discovery like Bitcoin but it's possible to have another invention that will not long be Bitcoin like rather an origin of its own.
The most supported coin is the Monero coin because of its privacy and that is what we preach, since monero is providing what we seek then it's the most prefer altcoin.
There are over 10,000 coins that has been created, some claims that it's more than Bitcoin some even call themselves the new Bitcoin but most are failing already so it's not possible from perspective to have another discovery like Bitcoin but it's possible to have another invention that will not long be Bitcoin like rather an origin of its own.
The most supported coin is the Monero coin because of its privacy and that is what we preach, since monero is providing what we seek then it's the most prefer altcoin.
As you said, it is very difficult to find a digital currency like Bitcoin, maybe in the next few decades nothing will be able to replace Bitcoin as a revolutionary digital currency that introduces a blockchain and decentralization system. Even when altcoins like Ethereum or others are pushed by governments or large institutions like Mastercard and manage to beat the valuation and adoption of Bitcoin, they will not be able to replace Bitcoin as the most disruptive currency in the world.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
What is yours opinions?
You have to understand that digital scarcity is created only once. There is no second best.
I think as time goes on and our technology even becomes more developed there would be some new coins that would be similar with bitcoin or maybe have even better features and system however that does not mean that it would automatically surpass what bitcoin is now as of today
Regardless of a new coin emerging, bitcoin will remain to be at the top for a few more years
Regardless of a new coin emerging, bitcoin will remain to be at the top for a few more years
No one can know what will happen in the future, so there will always be two possibilities: yes or no. Although many altcoins have been created and all of them are not comparable to bitcoin, it does not mean that in the next 10 years or in the future there will not be another coin better than bitcoin. I like bitcoin but I will not blindly deny the world's extraordinary advancements and inventions. If satoshi could create a decentralized currency like bitcoin, something no government or anyone thought would happen. The same thing may happen in the future.
"The paradox of cryptocurrencies: Coins are scarce, but currencies abundant."-- Naval.
I very much doubt we will ever have another Bitcoin. The technology is here. People are building on top of it. Instead of trying to find the next killer-shitcoin which will "bring the revolution" (AKA, the sweet profits), stack some sats. The only other cryptocurrency I can confidently sell my sats for, is Monero.
I very much doubt we will ever have another Bitcoin. The technology is here. People are building on top of it. Instead of trying to find the next killer-shitcoin which will "bring the revolution" (AKA, the sweet profits), stack some sats. The only other cryptocurrency I can confidently sell my sats for, is Monero.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
What is yours opinions?
Not sure I understand what you mean. Are wondering that they will create other currencies with limited supply? The advantage of Bitcoin is that there is only a fixed number of coins to be mined, and no person can just decide overnight decide to print a large number of coins. There are already plenty of other alt coins that have the same characteristics. Or do you mean also a project that is going to be as widely accept and successful as Bitcoin? For that I don't think it's realistic at the moment, because bitcoin is just too dominate. The profit all the early investors made with bitcoin is not comparable to other crypto currencies, and which is why all these investors wouldn't switch quickly into another project that wants to overtake bitcoin.
Well, I don't see the possibility of having any coin that would show similar properties as Bitcoin in the future. Bitcoin happens to be a major part of evolution of money that has changed the financial industry with strong protocols in place. Morever, the entire story behind Bitcoin that has made it a success till this day is kind of complicated, which makes the possibility of having a coin that could hold such dominance nearly impossible.
I think most of us are happy with the Bitcoin and we aren't expecting to see any competitor because they won't be any. If there should be any other financial impact that would be coming in the future, then it might likely not be in the form of crypto currency. Bitcoin dominance is nothing to compete with.
What do you mean? There are a lot of coins out there; in the market, there are already coins that are created via the technology of bitcoin, which is blockchain. But to answer your question, it depends on two things. If you are referring to a coin or currency that has another technology, I mean a coin created with a new technology and not driven to blockchain, then I don't think there will be something like that that will emerge. Maybe there is a possibility that as the technology gets more advanced, there is a possibility of new technology emerging. But if you are referring to a coin that will have the same equivalent in terms of price, like bitcoin, well, we will hope for that because more coins like bitcoin, which have a lot of potential and opportunity, mean a profit for us, again another possibility that we hope will happen.
Possibly? no one know with the future.
Just like cellphone wasn't created yet, I don't think people are expect we can easily send message over and over with internet.
Just like Bitcoin wasn't exist yet, I don't think people are expect we can have a decentralized currency to combat against centralization and hedging against inflation.
Just like cellphone wasn't created yet, I don't think people are expect we can easily send message over and over with internet.
Just like Bitcoin wasn't exist yet, I don't think people are expect we can have a decentralized currency to combat against centralization and hedging against inflation.
Many have claimed to create a coin better than Bitcoin in the past, and many will continue to do so in the future. They would surely get some attention but eventually die in the long run. It is not possible to sustain the value and rank as Bitcoin has done since its inception. I doubt there will be another coin like Bitcoin in the future and it can grow as Bitcoin has grown in a quindecade.
The only thing that is causing issues now is the NFTs that are using its blockchain. If the developers do not do anything then we would need to wait until they cease to exist in the future. Then only we would again witness the transaction fees and network congestion going down. At the moment it is still not looking good and I felt in the past that it might go down but I think now it won't.
The only thing that is causing issues now is the NFTs that are using its blockchain. If the developers do not do anything then we would need to wait until they cease to exist in the future. Then only we would again witness the transaction fees and network congestion going down. At the moment it is still not looking good and I felt in the past that it might go down but I think now it won't.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
There is nothing impossible. There can be another coin that may be invented that will not make use of blockchain but decentralized and deflationary which will also be called a digital currency. But such a coin will have most characteristics that bitcoin is having and people may still call it an altcoin. They created many altcoins and say their coins are Bitcoin killers but those coins die with time. Those coins fail to kill Bitcoin even you talk about Bitcoin Forks.
Bitcoin forked coins existed but they become not successful as bitcoin. That is true. Most altcoins are shit coins. But there are some like ethereum that supposed to be good but they are centralized and become a security instead of been a commodity like bitcoin.
In the light of truth bitcoin is an exceptional coin, its no hype for it has proven itself and gain the status it posses today under a decentralized mechanism and protocol that many altcoin before and after it profess to deliver but practically they are just below standard or don't stand the test of time. i dont care for a any new discovering of any coin liken to bitcoin, what i currently care about is the continuous expansion of bitcoin adoption and development. for if its not bitcoin it surely cant be bitcoin.
Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.
What is yours opinions?
Well, I don't see the possibility of having any coin that would show similar properties as Bitcoin in the future. Bitcoin happens to be a major part of evolution of money that has changed the financial industry with strong protocols in place. Morever, the entire story behind Bitcoin that has made it a success till this day is kind of complicated, which makes the possibility of having a coin that could hold such dominance nearly impossible.What is yours opinions?
I think most of us are happy with the Bitcoin and we aren't expecting to see any competitor because they won't be any. If there should be any other financial impact that would be coming in the future, then it might likely not be in the form of crypto currency. Bitcoin dominance is nothing to compete with.
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