Will Bitcoin be replaced by another cryptocurrency? - page 148.

poplolnman

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Quote from: CryptoCurrencyInc.com on March 29, 2017, 06:31:02 AM

Quote from: marketone on March 29, 2017, 06:22:29 AM

Quote from: ChronoLite on March 29, 2017, 03:34:38 AM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

Yes, Bitcoin cannot be replaced by another altcoin because even there is no fiat currency related altcoin between the exchanges. So it is not possible for any other crypto to replace bitcoin. Bitcoin is major currency and many other altcoins depend on bitcoin.

Right now there is no other currency that can replace bitcoin but there is a full possibility that in future bitcoin can be replaced by some new and innovative currency as we are in era of technology advancement so anything is possible in near future.

you just should not never say never , everything really could happened especially right now there's a heated issue about how bitcoin could be damaged with two side point of view about bitcoin block size, the debate keep heating and could leading into bitcoin classic version vs bitcoin just like what happened to ethereum few months ago , at that moment some altcoin or even a new cryptocurrency could take over bitcoin place, who knows?

carlfebz2

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Quote from: Ipwich on March 29, 2017, 06:27:09 AM

Quote from: marketone on March 29, 2017, 06:22:29 AM

Quote from: ChronoLite on March 29, 2017, 03:34:38 AM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

Yes, Bitcoin cannot be replaced by another altcoin because even there is no fiat currency related altcoin between the exchanges. So it is not possible for any other crypto to replace bitcoin. Bitcoin is major currency and many other altcoins depend on bitcoin.

I think there are altcoins that you can directly trade to fiat like ETH, still I do not believe it will be replace by the emerging altcoins now such as DASH, ETH, and Monero. They have to pass through time and prove how strong they are, based on my analysis the close competition to Bitcoin is ETH and they move in opposite direction so when bitcoin dies, ETH will rise and lead the crypto world IMO.

I have the same views too regarding on ETH since its the only alt which do have the potential that might able to cope up with bitcoin and incase it will die for sure people will switch directly to ETH or any other good alts which do survive for a long time years for now.

CryptoCurrencyInc.com

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Quote from: marketone on March 29, 2017, 06:22:29 AM

Quote from: ChronoLite on March 29, 2017, 03:34:38 AM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

Yes, Bitcoin cannot be replaced by another altcoin because even there is no fiat currency related altcoin between the exchanges. So it is not possible for any other crypto to replace bitcoin. Bitcoin is major currency and many other altcoins depend on bitcoin.

Right now there is no other currency that can replace bitcoin but there is a full possibility that in future bitcoin can be replaced by some new and innovative currency as we are in era of technology advancement so anything is possible in near future.

Ipwich

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Quote from: marketone on March 29, 2017, 06:22:29 AM

Quote from: ChronoLite on March 29, 2017, 03:34:38 AM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

Yes, Bitcoin cannot be replaced by another altcoin because even there is no fiat currency related altcoin between the exchanges. So it is not possible for any other crypto to replace bitcoin. Bitcoin is major currency and many other altcoins depend on bitcoin.

I think there are altcoins that you can directly trade to fiat like ETH, still I do not believe it will be replace by the emerging altcoins now such as DASH, ETH, and Monero. They have to pass through time and prove how strong they are, based on my analysis the close competition to Bitcoin is ETH and they move in opposite direction so when bitcoin dies, ETH will rise and lead the crypto world IMO.

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Quote from: ChronoLite on March 29, 2017, 03:34:38 AM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

Yes, Bitcoin cannot be replaced by another altcoin because even there is no fiat currency related altcoin between the exchanges. So it is not possible for any other crypto to replace bitcoin. Bitcoin is major currency and many other altcoins depend on bitcoin.

Dimelord

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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?

I think no atleast for next ten years.Unless bitcoin itself suffers from some critical issues and get destroyed,no other altcoin could replace bitcoin.Bitcoin is a protocol for sending values and it satisfies all requirements to be a bonafide protocol.Its highly impossible for other altcoins to replace bitcoin today.

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Quote from: Bitcoin0916 on March 29, 2017, 04:44:12 AM

I think it is very possible, but it need a long time, the reason is because when people say cryptocurrency, then people will say bitcoin, not others. The advatange bitcoin is to be first, nowadays many altcoin but it's hard to beat the bitcoin.

Your comment doesn't really make sense. First you say that it is very possible, and after that you say the complete opposite. I assume you just phrased it the wrong way.

Other than that, no matter how many flashy features altcoins offer, they don't enjoy any actual usage. It's just a gimmick that the developers behind the coins use to interest people to buy into their coins.

Bitcoin0916

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I think it is very possible, but it need a long time, the reason is because when people say cryptocurrency, then people will say bitcoin, not others. The advatange bitcoin is to be first, nowadays many altcoin but it's hard to beat the bitcoin.

mastermold

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We have witnessed many new crypto-currencies and new DLT (Distributed Ledger Technology) stacks arising over the last 2 years. It seems that the market is heading to multiple technologies working together. Most of them provide different feature sets (e.g. smart contracts) and are addressing some market needs. We see that these stacks complement each others and I think we will continue to see more coming in the market. There are multiple initiatives that aim at connecting various chains together which demonstrate the tendency to go to a multiple chains market, where private, public and side chains will be inter-linked to provide a large offer of services. Bitcoin and Blockchain will probably stay the generic names since they’ve been there for a while and highly publicized by the media.

novemberwoah

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Quote from: NEWGOODOUBLE on March 29, 2017, 02:02:08 AM

Quote from: Astvile on March 28, 2017, 10:20:24 AM

There is a very very small chance by the current altcoins now in the market will replace bitcoins in future.Maybe future altcoins with good developers will make a altcoin that will eventually beat bitcoins in cryptocurrency world.

yeah this time seemed impossible for altcoin to replace bitcoin. bitcoin is still very superior to the other cryptocurrency and bitcoin fastest growing and will continue to grow

Yes it could happen (altcoin replace bitcoin) but I think it will not happen. Bitcoin has a very good performance, bitcoin been dropped several times but can be restored. Although now that bitcoin has some problems and a lot of people who say altcoin will replace it soon, but I am sure in the future this problem will be recovered because of the excellent performance of bitcoin. It would be very difficult to replace bitcoin. Indeed altcoin have better features but it is not meant to replace bitcoin. Performance of bitcoin far above altcoin I think.

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Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Even when Satoshi Nakamoto published Bitcoin, there were no altcoin on that time until Namecoin launched on 2011. It was more than 3 years and Bitcoin was okay till 2011. Altcoin can't replace Bitcoin forever because Bitcoin is a main coin because that's just an alternative.

goldcoinminer

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Quote from: batang_bitcoin on March 28, 2017, 11:42:45 PM

Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Yes, there's no point and need for replacing bitcoin with another one. Most of the people are going to stay with bitcoin and will treat other alts as for trading and gambling purposes only. While bitcoin is going to be the main crypto currency which can be good for different transactions that they wish to use.

Bitcoin will be the most popular crypt currency in the online world, believe me people are putting their money in bitcoin
and we have seen how strong this currency is right now. After it was almost lost it's value it has survive and break the all time high.
That is something people.

NEWGOODOUBLE

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Quote from: Astvile on March 28, 2017, 10:20:24 AM

There is a very very small chance by the current altcoins now in the market will replace bitcoins in future.Maybe future altcoins with good developers will make a altcoin that will eventually beat bitcoins in cryptocurrency world.

yeah this time seemed impossible for altcoin to replace bitcoin. bitcoin is still very superior to the other cryptocurrency and bitcoin fastest growing and will continue to grow

Lecam

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Maybe no because bitcoin is the number one cryptocurrency that you can use buying to another cryptocurrency so bitcoin can not replace any crypto currency. Bitcoin is the most popular and have many investor and some are big holders of bitcoin.

Harlot

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Quote from: upsidedown75 on March 28, 2017, 10:21:27 PM

Quote from: hajimasan on March 28, 2017, 12:24:08 PM

Quote from: OneUnderBridge on March 28, 2017, 12:13:24 PM

Yes. If there is no meaningful network maintenance, then bitcoin will be replaced by a more functionally viable platform. By "replaced," I mean a different platform will be more predominately used to engage in P2P transactions than the bitcoin platform.

You are right , but you need to see toward the nee nee things that is going daily improve in bitcoin will surely make it best then other , and no doubt that bitcoin is already more better and powerful than any other coin or altcoin is .
Here you can say every month new altcoins came and some of gone but here the bitcoin is in stable from the 2008 which is really a quality of king .
So here chances of replacing the bitcoin by another altcoin is only 1% or even less .

What makes bitcoin the number one cryptocurrency and no other one can compete with it is that it has a very large user base that backs it up when things get bad, bitcoin has appeared as a new thing back in 2009 when some people call it the dawn of the new world and people get hyped about this new digital currency so they started using it and investing in it and believe in it, and all the other altcoins that came afterward are none only than just mere copy cats trying to catch up to the bitcoin but without any hope except for the few people who have no other option.

No its not about that, many even have proven that other cryptocurrencies are better compared to Bitcoin in terms of transaction speed, block rewards, security. But they always choose Bitcoin because it is the number #1 in the cryptocurrency market. What I mean by being #1 is in terms of its popularity and acceptance, because as of today the only cryptocurrency I know that is being accepted by local shops is Bitcoin not even Ethereum can go that far.

batang_bitcoin

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Quote from: rawbert on March 28, 2017, 10:38:16 AM

There's no point to replace it.
I don't think that bitcoin can or should be the best crypto on all levels though. Let bitcoin do the one thing that it's best at.
Other coins will compete for the rest.

Yes, there's no point and need for replacing bitcoin with another one. Most of the people are going to stay with bitcoin and will treat other alts as for trading and gambling purposes only. While bitcoin is going to be the main crypto currency which can be good for different transactions that they wish to use.

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Quote from: itasannah on March 28, 2017, 11:07:15 PM

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 can replace by another cryptocurrency if there is better a cryptocurrency .

The opportunity is huge, when many sided weakness of bitcoin then this is an opportunity that can be use another cryptocurrency, I think Etherium or Monero is better, but the problem is currently bitcoin more popular than monero or etherium, they need hard work and massive marketing.

itasannah

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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?

i think bitcoin can replace by another cryptocurrency if there is better a cryptocurrency .

upsidedown75

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Quote from: hajimasan on March 28, 2017, 12:24:08 PM

Quote from: OneUnderBridge on March 28, 2017, 12:13:24 PM

Yes. If there is no meaningful network maintenance, then bitcoin will be replaced by a more functionally viable platform. By "replaced," I mean a different platform will be more predominately used to engage in P2P transactions than the bitcoin platform.

You are right , but you need to see toward the nee nee things that is going daily improve in bitcoin will surely make it best then other , and no doubt that bitcoin is already more better and powerful than any other coin or altcoin is .
Here you can say every month new altcoins came and some of gone but here the bitcoin is in stable from the 2008 which is really a quality of king .
So here chances of replacing the bitcoin by another altcoin is only 1% or even less .

What makes bitcoin the number one cryptocurrency and no other one can compete with it is that it has a very large user base that backs it up when things get bad, bitcoin has appeared as a new thing back in 2009 when some people call it the dawn of the new world and people get hyped about this new digital currency so they started using it and investing in it and believe in it, and all the other altcoins that came afterward are none only than just mere copy cats trying to catch up to the bitcoin but without any hope except for the few people who have no other option.

target

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Quote from: hajimasan on March 28, 2017, 12:24:08 PM

Quote from: OneUnderBridge on March 28, 2017, 12:13:24 PM

Yes. If there is no meaningful network maintenance, then bitcoin will be replaced by a more functionally viable platform. By "replaced," I mean a different platform will be more predominately used to engage in P2P transactions than the bitcoin platform.

You are right , but you need to see toward the nee nee things that is going daily improve in bitcoin will surely make it best then other , and no doubt that bitcoin is already more better and powerful than any other coin or altcoin is .
Here you can say every month new altcoins came and some of gone but here the bitcoin is in stable from the 2008 which is really a quality of king .
So here chances of replacing the bitcoin by another altcoin is only 1% or even less .

There was an attempt for the development but its just something that might just worsen the situation, there is a serious problem with the current version and those miners are pretty much wanting more of a decentralized system. They feel like they are being ignored which I think they are really. A little increase of blocksize I think won't hurt but instead they push the blockstream.
The fork can easily by FUD by individual who have some motives so we now know things are different these days than those before where users are only aiming to see bitcoin to be used by individuals. Today, the users are often aiming for profit.

Sooner it will be replaced.

Topic: Will Bitcoin be replaced by another cryptocurrency? - page 148. (Read 186501 times)