Topic: Will Bitcoin Adopt New coins ? - page 3. (Read 3063 times)
We clearly know and are known by all, that bitcoin is indeed still the best and number one. and it is not denied, many have grown new coins and are also quite good but they are still dependent on bitcoin movements and cannot stand alone. still difficult to be able to replace bitcoin remains number one.
Bitcoin is 10 years old and new coins have emerged for the past 10 years. But look, is there a coin that is integrated with bitcoin, even though the coin is considered better than bitcoin. Well the answer is no, because bitcoin will remain the first and the nature of each coin is unique
Actually, there are some existing alt which really got a great platform and vision that somehow beat btc on such matter. However, all of us is up to the price and taking a look on the essence of the coin is just the second option. I'm not a hypocrite ro deny it and I know you are thinking the same way even withpit admitting it. That's the reason I think why the rest of alts in the market can't get even close to btc, it's superiority can strongly influence us up to extent that we can no longer leave it. If we will compare our life in crypto world to the vast sea then this could be the scenario. We, fishermen, choose to chase the biggest catch. We prefer catching a fully matured salmon rather than a baby bluefin tuna. In short, we tend to look and stick on the coin which got the highest value at this moment not knowing that the coin we rejected could be greater than the other one if it was only given a chance 
.
Before you even ask for a solution make sure that your problem is already existing or at least even reall. Because what you are saying now is the only thing most people see in mass media which we already have debunked or at least provided a solution now. For example the speed and even the price of the transaction is already solved by the introduction of the lightning network. The energy problem can be quickly be solved by the use of renewable energy.
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
There is a strong developers community behind bitcoin that tries to improve the chain.
Even if there is not any official foundation behind bitcoin, there are many believers that they try to make Bitcoin better. However, I don't think that there will be any coins linked to bitcoin as there is not any direct benefit for bitcoin from that.
You said there are lots of coins coming up with better solution, please where are they and what the adoption rate is. This is over 4 years now that the first altcoins that promised a better solution to bitcoin technology was launched, and till date, they still have never succeeded in doing so. All these things you mentioned are in every altcoins system also, tee reason why they are just so is because they have not had the volume and transactions that bitcoin has had.
Recently, a mate complained of Litecoin transaction fee getting high, and that was just because of its halving that is approaching, making lots of transaction occur, but you see them already experiencing what people complained about bitcoin, those coins you mentioned are just fast because they have never witnessed 1% of bitcoin transaction, not because they have a better speed or fee.
Recently, a mate complained of Litecoin transaction fee getting high, and that was just because of its halving that is approaching, making lots of transaction occur, but you see them already experiencing what people complained about bitcoin, those coins you mentioned are just fast because they have never witnessed 1% of bitcoin transaction, not because they have a better speed or fee.
I don't think bitcoin will adopt new coins because its not that necessary when I can attest to the fact that bitcoin is independent and can stand on its own now. Aside that, its the most popular and the top leading cryptocurrency in the crypto business as at now hence adoption of new coins isn't that necessary.
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 don't think that bitcoin needs to adopt a new coin. Since bitcoin is already a coin and BTC has its own purpose. Altcoins are invented because there are also key features that they want to adopt and change in bitcoin. Yet, bitcoin works without them. In fact, it can be have bitcoin without alts but alts can't exist without bitcoin. I really believe in bitcoin specially that it is the foundation of cryptocurrency. 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
Its great that Bitcoin can evolve and adapt then and remain decentralized!
So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
People buy altcoins mainly for the profit the same goes for bitcoin even though they're more accepted than altcoins. I don't think having faster transactions or less block times will be implemented in Bitcoin in the near future because there could be more disadvantages to it. Implementing the ideas from altcoins won't increase their value, most altcoins usually get their value from bitcoin. So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
the main idea of bitcoin is that it is decentralized and there is no single entity or organization that control it
it doesn't mean that there is no team working on improving it and adding functionality
take the Core team for example , BIPs can be proposed by others
and the introduction of LN helps alleviate the transaction speed problem , so bitcoin has no need to "merge" with any other coin
its the so far, unreachable number one, the gold of cryptocurrencies - you would not wanna mix gold with cheaper metals
it doesn't mean that there is no team working on improving it and adding functionality
take the Core team for example , BIPs can be proposed by others
and the introduction of LN helps alleviate the transaction speed problem , so bitcoin has no need to "merge" with any other coin
its the so far, unreachable number one, the gold of cryptocurrencies - you would not wanna mix gold with cheaper metals
Its great that Bitcoin can evolve and adapt then and remain decentralized!
So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
If Bitcoin team is trying to do the same, then it's good, but it is quite difficult to engulf new coins into the Bitcoin's existing ecosystem.
competing with newer coins?
There are alot of coins resolving these issues ,
There are alot of coins resolving these issues ,
no, not a single coin exists that has resolved any issue without creating a dozen new ones. for example they "increase speed" or more precisely decrease the time between blocks but that increases the orphan rate and decreases the security. they increase the block size and that increases centralization, propagation time, resource consumption,...
Why do you need a new bitcoin if you have an old bitcoin? Isn't that enough for you? We haven't learned enough about what we have before embarking on something new
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
It has been this case since bitcoin is introduced in the market. There are no organizations or entities who monitors it but still it functions well, like people who believe in God which is faithful even though they are not sure if there are really some entity supporting those miracles.
Its great that Bitcoin can evolve and adapt then and remain decentralized!
So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?
Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?
Most people don't realize that Bitcoin is #1. Why aren't they aware? because they don't have bitcoin from the start, they only focus on coins that they think are quite good from bitcoin but see if the coins they think will be there if bitcoin isn't the first.
Bitcoin is 10 years old and new coins have emerged for the past 10 years. But look, is there a coin that is integrated with bitcoin, even though the coin is considered better than bitcoin. Well the answer is no, because bitcoin will remain the first and the nature of each coin is unique
Bitcoin is 10 years old and new coins have emerged for the past 10 years. But look, is there a coin that is integrated with bitcoin, even though the coin is considered better than bitcoin. Well the answer is no, because bitcoin will remain the first and the nature of each coin is unique
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 is #1 because it has the strongest blockchain behind it. Many of those "alot of coins" would fail if they would become used and valuable. But as they are now, they can be testing ground for this or that.
Bitcoin will not integrate other coins, but can take ideas from them (if they are indeed super great and useful).
Other coins' prices will increase only if those coins will become stable, useful, more mature.
So Bitcoin has issues like speed of transactions and energy consumption.
this is a subject that has been discussed many times and for years, I see no reason to talk about it
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
In addition to what people have already answered, have you ever seen any altcoin have the same success bitcoin has? it's not bitcoin that is competing with altcoins, it's the altcoins that are competing with bitcoin
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?
there are many shitcoins, meaningless projects
As a possible improvement in Bitcoin, I always liked Lighting Network. However, when it will be implemented is 100% unknown
Bitcoin is unique, and there will never be another equivalent coin - the resistance to 51% attack possibilities ensure that. Because of this, it doesn't have to compete with anything, and the 10 minute block generation average is an advantage, and not a disadvantage.
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