Topic: Will Bitcoin Adopt New coins ? (Read 3110 times)
Every cryptocurrency on the market is decentralized. So, Bitcoin will compete with newer coins on an equal basis. Also, there is not any cryptocurrency that is linked to Bitcoin and I don't think there will ever be.
Maybe you mean hard fork? bitcoin changed their block system to bitcoincash. I think because it comes from bitcoin hardfork, the concept is to become a crypto that is still of high value. I think to make crypto with a different concept, cannot be done by bitcoin.
Yes, bitcoin is bitcoin, and i think it will something like gold, for fast transaction will use something else, maby new crypto currency based on neiro blockchain tecnology)
Blockchain technology keeps improving all the time, all that is needed is to improve the network on which bitcoin transactions are performed. There is no need for new coins to be linked with bitcoin to improve transaction speed or as a means to reduce energy consumption that comes with the mining of bitcoin.
Maybe you mean hard fork? bitcoin changed their block system to bitcoincash. I think because it comes from bitcoin hardfork, the concept is to become a crypto that is still of high value. I think to make crypto with a different concept, cannot be done by bitcoin.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Is Bitcoin competing with new coins right now? So far Bitcoin dominance is still 66%, Bitcoin is decentralized so don't expect a central figure or a main office for it, unlike altcoins where there are offices and developers controlling the direction of the coin, the whole community are the one developing the direction of Bitcoin and that's what makes it unique compare to altcoins.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think you should go and look for the whitepaper of Bitcoin to help you understand some things about bitcoin.
That will help you to avoid asking this kinda question in the future. This just tells me that you don't really understand anything regarding bitcoin and its blockchain network.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So, how do you think other coins were created? Most of them are based on Bitcoin protocol as it was recognized as a perfect one, so it's logical that other coins are connected to Bitcoin.
~snip~
Bitcoin will adopt every new altcoin every time, new altcoin become part of bitcoin if success listing on exchange market and have trading peer with bitcoin or ethereum, when listing on big exchange market excatly new altcoin become part of bitcoin where investor can sell or buy using bitcoin peer. New altcoin have been success with sale investment and listed with big market.
snip
Bitcoin cannot be integrated to other altcoins. They are using different blockchain technologies, some are more advanced than bitcoin has. I think what you're trying to convey is that bitcoin would adopt what other coins have 'features' in them and implement it to bitcoin. what is so great about bitcoin?
Is the Price enough to say it was great? 
what is so great about bitcoin?
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Bitcoin cannot be integrated to other altcoins. They are using different blockchain technologies, some are more advanced than bitcoin has. I think what you're trying to convey is that bitcoin would adopt what other coins have 'features' in them and implement it to bitcoin. While this is not impossible, adoption is slow and better because it's good for decreasing risks of exploits, rather than adopting fast and increasing the risk of breakdown of the bitcoin blockchain. Always remember that new technologies comes with a risk, so developers need to plan and polish it before implementing it to our current blockchain, because if it goes wrong, it may be the starting point of bitcoin's death if not resolved. So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Bitcoin will adopt every new altcoin every time, new altcoin become part of bitcoin if success listing on exchange market and have trading peer with bitcoin or ethereum, when listing on big exchange market excatly new altcoin become part of bitcoin where investor can sell or buy using bitcoin peer. New altcoin have been success with sale investment and listed with big market. So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think bitcoin will never adopt other new coins because basically bitcoin is made with a limited amount although there are some disadvantages such as the speed that is a bit slow when sending bitcoin but many people we see today are still very interested in bitcoin even though there is a problem of speed when sending not like other coins like xrp which have fast delivery speed but they are not very attractive with xrp coins even though they are superior in the sending system.
Bitcoin is already an established cryptocurrency, there's no need for it to append itself to other cryptocurrency. What is happening is that, other crypto enthusiast are those who are associating their coin to bitcoin, such as the Bitcoin Cash, SV, and much more. In that case, they can benefit from its name to gain fellow supporters and hodlers. When it comes to bitcoin being slow, I don't perceive it could be a problem any more since the lightning network already solved this problem.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There is no official team because no one owns or control Bitcoin. But there are groups (like the Core team that maintains the Bitcoin Core software) that "work on Bitcoin" and suggest/implement new features on it.For example, SegWit was implemented on Bitcoin 2 years ago, suggested by some Core devs: https://github.com/bitcoin/bips/blob/master/bip-0141.mediawiki
Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
What exactly do you mean with "linked"? I would say it's unlikely, while possible in a technical way.I think he means if Bitcoin can intergrate technology like mimblewimble, as Litecoin will probably do in the future.
If there is consensus tech will be intergrated, there are a few limitations though.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
It is an interesting point of view. I don't think a new altcoin will be linked to or merge with Bitcoin in the future. It seems to me as a very far probability. Besides, I believe Bitcoin will continue to develop itself just as it has done until now.
I don't think it will happen too, as new coins has been developed in unique way too, and we don't know who is the real founder of Bitcoin, so I doubt it will happen and that we are good for that merging. But, for sure a lot of new crypto will try to compete with Bitcoin and will try their best to be on top.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
It is an interesting point of view. I don't think a new altcoin will be linked to or merge with Bitcoin in the future. It seems to me as a very far probability. Besides, I believe Bitcoin will continue to develop itself just as it has done until now.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think bitcoin will never adopt other new coins because basically bitcoin is made with a limited amount although there are some disadvantages such as the speed that is a bit slow when sending bitcoin but many people we see today are still very interested in bitcoin even though there is a problem of speed when sending not like other coins like xrp which have fast delivery speed but they are not very attractive with xrp coins even though they are superior in the sending system. So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Bitcoin is the most powerful coin. There’s no doubt about it. As you can observe, a lot of coins are now falling but bitcoin still remain at the top thought its price is no longer high like before. Nevertheless, I do not think that bitcoin will adapt new coin.
Not only Bitcoin holds the price well. Ethereum also does not fall in price to the level of February 2019, when the price was 80 dollars. I think that Bitcoin and Ethereum may fall another 10-20% in price.I agree that that will not happen and bitcoin will still be the best and most expensive to date and is still being sought after.
although maybe bitcoin will go down but I believe at the right time bitcoin will rise again.
I believe that the time of increase will occur at the end of this year until 2020.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
You need to dig further, bitcoin is a complete coin, if it is not there will be no cryptocurrency to speak off and it's not going to be the number coin in the market right now, at this point of time, talks about replacing Bitcoin should be out now, we are progressing in adoption let people coming get into Bitcoin first, this is so far out biggest attraction so far for new people who would like to explore Cryptocurrency.
Bitcoin has no organization, company behind it and thus adopting a new coins is just like forking bitcoin. Everything is decided by the community through a consensus. During the consensus each voices and suggestions are being heard and being voted upon. If the position of adopting new coin to replace bitcoin will prevail then that possibility may occur. But based on the previous consensus bitcoin loyalist are super solid and will never replace bitcoin.
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