Will Bitcoin be replaced by another cryptocurrency? - page 143.

KingdomHearts

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Quote from: KesoNie on April 07, 2017, 03:24:37 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.

i agree with you that its very hard to replace by another crypto currency because a lot of people consider that bitcoin is the king of crypto currency and bitcoin is very much stronger and trusted currency and people investing their money in bitcoin without any fear of risk.

Fatanut

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Quote from: Janation on April 07, 2017, 06:53:08 AM

I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.

Even if there is no bitcoin, at some point someone will think about the very same idea. If Satoshi was able to think about it, so can the other people that share the same field of interest with Satoshi. There's newer and newer concepts popping up and someone that has knowledge in both the economy and cryptography will eventually think about starting a revolution. Although possibly it will be decades from now before someone ever thinks about this very same idea. That's why you'll someday stumble upon an article that's has a theory that Satoshi came from the future, and left us behind with the bitcoin idea (to save from what the future monetary system holds).

SoulBargain

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It is a possibility if and only if there is a cryptocurrency better than Bitcoin which in fact has not yet to come.

For Bitcoin to be replaced it needs to surpass what Bitcoin can offer but if there is none then it is more likely impossible for them. Bitcoin is indeed far ahead from any other cryptocurrencies and been on the top spot long enough to acquire the trust of the people and these people have now harvest the fruits of their labor which serves as an advertisement for others to join Bitcoin.

Bitcoin has proven itself and the trust that people have are some of the reasons that Bitcoin can't be easily replaced and most likely impossible to occur yet the fact that it is still a possibility proves that there are a lot of things that may occur in the future that mostly of them are the things that can't be predicted and foreseen.

lOvE mE forEvEr

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For now yes, but much coin better and perfect than bitcoin, and I'm sure someday bitcoin will be replaced with a better coin.

paul gatt

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That can happen, it is an inevitable result of time, everything will be outdated in time, and it can be replaced. However, it is totally up to us, if we love bitcoin, we can change it. We can upgrade the system and technology of bitcoin, making bitcoin grow continuously over time, and so bitcoin will not be outdated, and it will not be replaced by anything else.

manselr

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Quote from: romero121 on April 07, 2017, 06:56:06 AM

Quote from: DoublerHunter on April 07, 2017, 04:06:18 AM

Quote from: danherbias07 on April 07, 2017, 03:32:58 AM

Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.

Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.

Fast transactions were just a part of bitcoin's combined feature. As mentioned chances of bitcoin getting replaced by some other alternative is possible as periodically different cryptocurrencies with varied features were available for usage competing with bitcoin.

The only way to get fast transactions globally is with Lightning Network, we need segwit for that, and I think now its possible with UASF.

In any case to replace bitcoin you need to replace it as gold of crypto and other coins have 0 chance of replacing bitcoin as the gold of crypto.

Haladay

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Quote from: Janation on April 07, 2017, 06:53:08 AM

I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.

Strongly agree with this! Bitcoin is a school of coins itself. The functionality of another coin might be better than bitcoin, yet we cannot say bitcoin will be replaced by that one.

romero121

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Quote from: DoublerHunter on April 07, 2017, 04:06:18 AM

Quote from: danherbias07 on April 07, 2017, 03:32:58 AM

Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.

Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.

Fast transactions were just a part of bitcoin's combined feature. As mentioned chances of bitcoin getting replaced by some other alternative is possible as periodically different cryptocurrencies with varied features were available for usage competing with bitcoin.

Janation

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I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.

Winner

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Look ARROUND!

It doesn't look like Bitcoin is going to be replaced by another Digital Payment system anytime soon because most of them aren't used as much as Bitcoin is. Bitcoin has already reached some famous people through news and other certain media so when Bitcoin was featured on the Dope movie, people started to recognize Bitcoin as the real thing.
Bitcoin is far more reliable than the MLM coins that you usually see today so there is a huge gap between the two.

choppork

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Quote from: KesoNie on April 07, 2017, 03:24:37 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.

Know that being the first aka seniority isn't always enough especially now that the technology changes often. If somebody finds a fix on the transaction time and the transaction fee, and then he made his own coin instead of submitting it to the bitcoin devs, then it might replace bitcoin. This is the issue most of us are having. Also, this opens us to the possibility of buying something from a store, and then having them receive your payment right away. If the transaction fee is even lower than bitcoins, then that will open the possibility to doing micro transactions.

Sometimes being the first one becomes useless because of lack of patch. The thing becomes obsolete and, thus, gets replaced by a newer and better one.

DoublerHunter

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Quote from: danherbias07 on April 07, 2017, 03:32:58 AM

Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.

Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.

danherbias07

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Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.

KesoNie

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Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.

Yatsan

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Quote from: Xenophoto on April 07, 2017, 02:49:25 AM

Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Unless of course a new altcoin comes with lightning network. That will make people migrate literally right away when they found out about the coin. Real-time confirmation is something we've all been dreaming of ever since. This will probably overthrow bitcoin from its place. And what more if the same coin doesn't require any transaction fee? It will surely replace bitcoin unless bitcoin already have that feature which I doubt since transaction time is getting longer and longer and transaction fee is getting even higher.

In other words, we need an altcoin with a killer feature and not some small gimmicks or just slight improvements. It will take a massive improvement that's almost like a "leap" in the cryptocurrency technology for people to migrate from bitcoin to that coin.

Agree with that because in bitcoin they're not maximize the features of it so if a new cryptocurrecy will be created it need a ultimate upgrade for that currency to surpass bitcoin and it need to be open to all people not like other coin, so let's hope for the best but if bitcoin will upgrade their system I will go for bitcoin.

Xenophoto

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Quote from: lite on April 06, 2017, 01:07:54 PM

Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

Unless of course a new altcoin comes with lightning network. That will make people migrate literally right away when they found out about the coin. Real-time confirmation is something we've all been dreaming of ever since. This will probably overthrow bitcoin from its place. And what more if the same coin doesn't require any transaction fee? It will surely replace bitcoin unless bitcoin already have that feature which I doubt since transaction time is getting longer and longer and transaction fee is getting even higher.

In other words, we need an altcoin with a killer feature and not some small gimmicks or just slight improvements. It will take a massive improvement that's almost like a "leap" in the cryptocurrency technology for people to migrate from bitcoin to that coin.

MMA

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Quote from: hawkins on April 06, 2017, 12:10:36 PM

look at the current situation, making me think that bitcoin price increases that occur continuously make another coin prices to be down. and there will be no altcoin which supersedes bitcoin until the price of a coin exceeds the bitcoin prices.

i do not think that there will be a single alt coin whose price exceed from bitcoin. bitcoin is number one crypto currency and hope that it will remain as number one crypto currency of the world.

lite

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Quote from: logicgate on April 05, 2017, 03:16:05 AM

Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.

There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin!

EdenHazard

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Quote from: hawkins on April 06, 2017, 12:10:36 PM

look at the current situation, making me think that bitcoin price increases that occur continuously make another coin prices to be down. and there will be no altcoin which supersedes bitcoin until the price of a coin exceeds the bitcoin prices.

if you pay attention into how bitcoin growth , you will know the price keep moving up year by year. the only bitcoin price crisis for me are on early 2015 where it gets dropped to $250 , got 50% drop from $500 previously , make everyone starts to speculated bitcoin gonna die etc.

but it is wrong , bitcoin getting strongger than ever until now , it is shows how superior bitcoin compared to any other cryptocurrency.

Beta-coiner1

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Quote from: carriebee on April 06, 2017, 11:58:40 AM

As Ive observed, bitcoin cannot be replaced by another cryptocurrency. Nowadays, bitcoin has become growing daily, increasing its price and demand. It cannot be replace because many are using btc already and attracted to bitcoin.

Do you really believe that?
There was a time when bitcoin was around 1300$. Then is dropped to something like 200$, not it's back around the 1000$ mark.
I do not think bitcoin will disappear in the near future, but you do see, I believe, how unstable it is. Its value, anyway.

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