Will Bitcoin Adopt New coins ? - page 4.

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Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

we have core developer team and a few contributors supporting "Bitcoin"
any new implementation will have to go through and approved by user consensus

Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

There are alot of coins resolving these issues and people are buying into them

what issues do other coins solved?
if it is good solution without side effects, bitcoin will adopt it with (of course) network consensus
and people buying those altcoins are usually for profit taking purposes
if one of those altcoins is really superior than bitcoin, then it would have taken #1 spot in crypto world

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Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

competing with newer coins?
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,...

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and people are buying into them

well don't confuse speculators "temporarily" buying a pump and dump coin with real "adoption".

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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?

no bitcoin is standalone and will not "link" to any other coin.

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Why is it that bitcoin's confirmation time is still a problem to others? I don't find it slower these days and in fact the speed has improved a lot.

omone1

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Bitcoin has a team but no owner. The team of dedicated miners and programmers are helping the bitcoin ecosystem. No other coins whether old, new or in the future can take over bitcoin. As for the speed of bitcoin transaction, works have been done in this area and more work are been done.

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Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

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 believe all have an solution and for me energy comsuption isn't an issue as long as bitcoin transaction functions in good condition and give fast service transfer funds. About new to be link in bitcoin we can use local bitcoin as alternative use for local transactions but im not sure the good effect for this suggestion.

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Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

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 is an open-source code project, while there isn't any centralized authority behind it, there are many contributors who help maintain the project so it can be up to date and functional. Bitcoin is number one because it is the foundation of the whole scene. It was Satoshi Nakamoto's proof of concept for demonstrating the blockchain use case. Bitcoin is the pillar that all other cryptocoins of today cast their molds from (hence, why the whole project is open-source to begin with) It is the prototypical cryptocurrency being the first of its generation, Ethereum being a second with the introduction of the smart contracts.
   the real beauty behind everything is the unity that brings all walks of life together in this digital age.

FlightyPouch

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I don't know who considers it as number 1, all I know is that it is the first one, it is the most popular one and the most expensive of them all. In terms of team, there is a team, the Core dev team but they are just responsible for the development but not really control or manipulate it to what they want.

timerland

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Bitcoin has no team or owner for a good reason. It's meant to be a decentralized coin that goes against the banks and government's way of thinking and if there was someone who owned and was able to control the technology, it'll be no longer be decentralized.

There are multiple core BTC developers though that work on Bitcoin Core, and they help implement new technology and ideas into the system, with the latest change being the lightning network.

Quote from: Payme21 on August 01, 2019, 04:42:50 PM

I don't see bitcoin merging with an alternative coin but as they will improve their blockchain to make it faster and consume less energy

Yes. I agree. BTC will never merge or form with another coin, especially if it is a centralized coin because a lot of the developers won't agree and implement the new technology.

jackg

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https://bit.ly/387FXHi lightning theory

I'd suggest you take a look at and maybe try to test the lightning network of bitcoin to see how it works as it means you can send a transaction that confirms in a second...

We also have omni which afaik is the smart contract solution for bitcoins blockchain.

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I don't see bitcoin merging with an alternative coin but as they will improve their blockchain to make it faster and consume less energy

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Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

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

Quote from: rufio90210 on August 01, 2019, 02:55:17 PM

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.

rufio90210

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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

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