Topic: Will any other coins like Bitcoin be discovery in the future? (Read 344 times)

If you are talking about cryptocurrency, then I don't think any other coins would replace Bitcoin. Because after discovering Bitcoin, anyone hasn't discovered any coins using cryptography that would overpass Bitcoin anyway. All others just play a role in making money through trading and holdings. But out of cryptography, there would be something in the near future that would surpass Bitcoin. There would be more advanced technologies than cryptography. We don't know when, but people always love to discover something new. Developers always try to upgrade and onboard advanced technologies. So we will not be surprised if we see a new discovery. They would add something new to existing cryptography that would make the use of decentralised currencies more reliable.

Well, we never know about the future and currently, there is no coin that can even compete with Bitcoin but still bitcoin won't remain forever and at some time there is will be something better than Bitcoin but this is not going to happen anytime soon. Maybe it may take 50+ years for some better invention and by that time none of us would be alive to see that invention.

I'm not too sure to say there will be another coin created that kills bitcoin in the next decade - but it's not impossible. Bitcoin is the main foundation of why other altcoin were created - but most of them are coin that have absolutely no real use. Bitcoin is the only decentralized coin - however some other decentralized altcoin have better upside than bitcoin including transaction fees.

I'm not waiting for a killer coin for bitcoin to be created - but its presence may be inevitable in the future. There are no guarantees whatsoever that bitcoin will forever be as highly valued and have the same confidence as it currently has in the future - so the risks should still be considered as carefully as possible.

OP, let's look at it in the scenario described below.

When Bitcoin was developed in 2009, the price was worth nothing. According to history, it was Martti Malmi, also known as Sirius, who gave each bitcoin a value of $0.00009, and that was after he sold 5,050 bitcoins for INR 414.65. This happened around October 2009.

Five years later (2014), after Bitcoin got developed, the price became $320+. Fast forward to another five years (2019) later, and the price got to $3,800. The third Bitcoin halving happened in 2020, and in the following year (2021), the price of Bitcoin became so bullish that it reached an all-time high in history. Bitcoin faced so many bearish markets, but it survived, and looking at the price today, you can agree with me that Bitcoin is actually heading to the bullish market again.

Years after Bitcoin was developed and as the price began to appreciate, so many altcoin projects got developed, and there are thousands of altcoins on the market today, and so many of those altcoins are dead and so many are now shitcoins. As a matter of fact, some altoins have been developed for over 5, 7, and 8 years, respectively, but none of them have actually been as successful as Bitcoin, and the reason is that they have just been mimicking each other. Hackers and scammers are also developing their own fake projects just to steal investor funds, which has given rise to so many failed projects.

In conclusion to all I have said, there is only a 0.1% chance that any coin or token will ever be developed that can do better than Bitcoin.

Back in the days, black and white TV was popular in many homes, offices etc. but gradually colour transmission TV took over. Right now, smart TV is leading the market and it might be dethroned in future. So if there's anything I've learnt about life is that nothing is impossible. Bitcoin is a revolutionary coin that ushered in other altcoins, and I'd say Monero is the only coin that came close in comparison with Bitcoin because of its enhanced privacy and security. However I cannot rule out the possibility of another coin popping up in future.

We already have tons of altcoins who are created to act like Bitcoin, but the fact is that, no other coins can replace or act as Bitcoin in all faces and also we shouldn't look for a Bitcoin replacement either now or in the future but we should look out for the ways to improve the Bitcoin ecosystem to fit into the demands of the future, so for that we have to touch a lot and look forward to a better place for Bitcoin and slthat one day all the technical issues with Bitcoin network will be worked on and improve.

I am not looking to any coin to play Bitcoin role in any aspects, and for that I only acknowledge their existence both the good and also the bad actors in the industry, many of them have failed while several other have succeeded with minimal impact due to various internal challenges just like what we experiencing in Bitcoin this days.

Maybe in the future there will be new innovations like Bitcoin.  This defines the genius of a scientist, there will be those who can be more genius.  No one knows what will happen in the future, of course the popularity of Bitcoin can create new innovations in the future

There can't be another coin like Bitcoin. Now that people are aware of decentralised cryptos, any new coin will be vulnerable to a 51% attack.

The fact that there have been thousands of attempts to repeat Bitcoin's success over the past decade or so and nobody has come remotely close I think answers the question. Ethereum is the only other big success and that's because it was the first to go for building an app network rather than be a currency.

Bitcoin was only able to become so decentralized and secure and widespread because it was the first and organically grew when there was no competition. Anything built after Bitcoin would have to compete with Bitcoin, and as we've seen that is always a hopeless battle for the altcoin. And now all anyone cares about is creating their own centralized blockchain or app token or meme token to try to get rich.

And I'd say its impossible at this point for another PoW cryptocurrency to achieve mainstream success because it will always make more sense to mine Bitcoin than some random cryptocurrency. And nobody has yet discovered a good really decentralized mechanism besides PoW. Even the few times that people have actually tried to go for the open source decentralized leaderless route of making cryptocurrencies (and its literally only been a handful of times at most) those cryptos have never succeeded because the world already has Bitcoin so doesn't need them. I think around 2019/2020 when LTC finally fell off from being one of the top cryptocurrencies that proved the market had decided that we only need Bitcoin. It had long been considered the 'Silver' to Bitcoin's 'Gold'. Which makes sense because there really is no reason to have a second or third actual crypto-CURRENCY (not meme token or app token or smart contract platform, but actual global money) when you already have one that does everything you want it to, which of course is Bitcoin.

So no it won't happen. Because of a combination of (1) we already have Bitcoin so we don't need another, (2) Bitcoin's creation was unique and groundbreaking and the first of its kind so it captured the mind's of people and had no competition, (3) most creators want to get rich, not selflessly create a global currency with no leader or control over it, (4) for a second Bitcoin-like invention to occur it would have to be so vastly superior to Bitcoin as to render Bitcoin useless comparatively which honestly seems incredibly unlikely because Bitcoin's innovation wasn't based on technical advancements (obviously other than computers and the internet), but rather it was an innovation of ideas combining several ideas perfectly to create an unstoppable and revolutionary system of money. I really think it is actually unlikely that it is ever topped in execution. The only thing that could compete with Bitcoin would be a similarly decentralized currency (and already explained above how unlikely that is to ever happen) that manages to be extremely efficient on the base layer as well, and given that there has been a huge industry and community trying to do just that and thousands of attempts at that over the past decade and all anyone ever figured out was that if you make a weak centralized cryptocurrency that would be absolutely terrible as money it can handle more transactions, well I don't think that's ever going to happen.

Bitcoins were not discovered. Rather they are created. I don’t think there won’t be any coin which will be developed will be superior to Bitcoins. Bitcoins were the first coins to be ever developed, now anything that will be developed will be inspired from it only. Many coins were already developed, but didn’t reach half the price of the coin. So I don’t think anyone will surpass Bitcoins, atleast not in this decade. What other people saying on this? I am excited to know.

op Currently the popularity of Bitcoin has increased so much that people are showing interest in many Bitcoins. So Bitcoin is the best coin for those who work with trust in Bitcoin. There are many coins in the market so we can't claim that Bitcoin is the best coin because there are many coins in the future that can be similar to Bitcoin. Undoubtedly, Bitcoin is changing the lives of many people for good. Bitcoin is increasing in popularity day by day.

Technology is not stagnant as for there might be another coin that might be greater than Bitcoin because Bitcoin has a high transaction fee and the coin that might come, might have zero transaction fee and it might be more decentralized than Bitcoin. But for now Bitcoin is the best and no any other coins can beat Bitcoin. But nobody knows what will happen in the future. Why I am saying all these because technology advance and the only way Bitcoin can be used to be on top is when they removed the ordinals which is impossible and if other coins came and no fee then it will over take Bitcoin. And that is my view.

Don't trust all the coins that are coming. Be wise.

Nothing is impossible. I think there must be another coin like Bitcoin. Because, if someone thinks that I will invent another coin like Bitcoin then maybe another coin will be invented which will become known among people like Bitcoin.

They have the intention of outshining bitcoin, but they don't have what it takes. This is because in mass adoption takes time and it will take years for any shitcoin to get the same mass adoption as Bitcoin. Bitcoin is the pioneer of cryptocurrency and if you introduced cryptocurrency to a newbie, he would want to know which is more acceptable by everyone, which is safer to invest and which will give him massive return of investment. We all know that Bitcoin is the only cryptocurrency that is generally accepted.   

Since we cannot predict the future. The only way any alternative to Bitcoin can surpass Bitcoin is when a particular coin is fully decentralized, have a high Market capitalization, Intense security and Privacy and more.

What makes you think like that mate? Every new discovery will always be different from the old discovery or previous discovery even though the concept seems almost similar. Because there must be quite fundamental differences in each finding, both in the advantages and disadvantages of the newly discovered product. So in my opinion there will never be anything the same as Bitcoin in the future even though there are many reliable researchers who are trying to find the same thing as Bitcoin in the future. The concept of a currency like Bitcoin is very different even though everyone probably knows that Bitcoin is a decentralized currency.

Any other digital currency could have done it better than Bitcoin for the past years already, why haven't we seen one yet? Have you checked the amount of coins that are created per day on the block chain? They are in thousands and no single one have done it better.

Of all the new altcoins that have cheap transaction fee, why are companies like Blackrock going after Bitcoin? It's crystal clear bro, Bitcoin will remain the best digital currency, aka the digital gold, nothing will ever come close, Bitcoin will always be the best Bitcoin.

We have few decentralized coins as well, why have they not over thrown Bitcoin yet? Bitcoin is more than many people realize, I suggest you do your own diligent research.

With technological advancements anything is possible in the future, because if they'd told my grandma in the fifties that we'll have a phone without wire connectors that you can make video calls with people in another continent, she'd probably have argued that nothing could beat telephone land lines, but we know better today. And today Bitcoin stands undisputed as the king of cryptocurrency, an undeniable fact, it's decentralization stands it apart from every other crypto coins out there, but who knows tomorrow, the next decades or even in a century, it might be looked at as an obsolete coin, although I don't wish this because I love my BTC.

The creation of altcoins today is for profit while the purpose of Satoshi's bitcoin creation was to create a decentralized currency. So, no altcoin will be similar to bitcoin or perform better than bitcoin. Creating so many altcoins these days is not a good thing as there are so many scam projects in the market.

I don't know if in the distant future there will be any project as serious and good as bitcoin. But as things stand, there will be no altcoin or project that will be like bitcoin, let alone better than bitcoin.

This what I like about Bitcoin about it's forks because as long as you have Bitcoin holdings you may earn passive income through forked coins. 😅

But about Bitcoin like discovery coins maybe this will happen on new  different networks. It is possible to have Altcoins that may go up high to the moon but we'll never know when. But still they cannot replace Bitcoin of course.

All cryptocurrencies now in circulation have the intention of conquering or outshining bitcoin; nevertheless, they lack distinctiveness and are centralized initiatives that cannot be fully trusted. Bitcoin is unique and decentralized; all future coins that will be generated or have already been developed are looking up to Bitcoin; as a result, I do not believe there will be another coin like Bitcoin.


I think only XMR come close to bitcoin because it is decentralized as well.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

We can't predict the future, friend. Bitcoin has proven itself as a top cryptocurrency to invest in, but it's not without flaws. Over time, important features like privacy and decentralization have been gradually reduced. We can't guarantee that Bitcoin will always be the best, but it currently holds a strong position, even though many altcoins haven't surpassed its features. The idea is investing in the most profitable and that which provides us with more features and for now, none. We'll have to wait and see if a new coin emerges with more to offer.

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.

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.

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.

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.

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.

I am not sure what you mean. There are currently literally more than 10,000 useless altcoins, that's why people call them shitcoins.
In my opinion, none of those have anything to offer to the community apart from Monero, which adds some attributes that Bitcoin lacks and make it even more private.
Apart from these 2, I don't think any of the other coins are beneficial. They just exist because some people earn money from inventing them.

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.

How many Bitcoin Forks are there?

Bitcoin is decentralized and it is unique. We did not have another coin among thousand of altcoins can have decentralization like Bitcoin.

Discovery, game changer are marketing words, buzz words used by altcoin developers to scam investors.

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?