Will Bitcoin be replaced by another cryptocurrency? - page 151.

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Quote from: Westinhome on February 26, 2017, 11:42:26 AM

Quote from: Kabul on February 26, 2017, 05:22:09 AM

Quote from: The_Dark_Knight on February 25, 2017, 09:08:56 PM

Bitcoin could be replaced by another crypto, this will not be the first time an innovation is displaced by another innovation that does the same thing but better, look at Walkmans they were revolutionary until they were replaced by discman and then ipods.

Yeah I do have the same idea like you, therefore, I holding a lot of ethereum and wait until its prices to goes up. Ethereum is so valuable and priceless and moreover, it has new ability and new technologies which can help people a lot in many ways

The Ethereum has very strong development team. The price could rise in the future.

I think etherum period has ended. like any other altcoin will begin eliminated after their period has ended. although etherum quite sophisticated. but its popularity is certainly still inferior to bitcoin and would be replaced by another altcoin in future

shinratensei_

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Quote from: Westinhome on February 26, 2017, 11:42:26 AM

Quote from: Kabul on February 26, 2017, 05:22:09 AM

Quote from: The_Dark_Knight on February 25, 2017, 09:08:56 PM

Bitcoin could be replaced by another crypto, this will not be the first time an innovation is displaced by another innovation that does the same thing but better, look at Walkmans they were revolutionary until they were replaced by discman and then ipods.

Yeah I do have the same idea like you, therefore, I holding a lot of ethereum and wait until its prices to goes up. Ethereum is so valuable and priceless and moreover, it has new ability and new technologies which can help people a lot in many ways

The Ethereum has very strong development team. The price could rise in the future.

Yeah I see it. not only on bitcoin but ethereum still on the bullish charts.The future of crypto it is really strong. Grin

NEWGOODOUBLE

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Quote from: irukandji on February 26, 2017, 06:44:16 PM

Maybe , if you can find one with less problems

true, it is very likely to happen if there is a coin that has technology far greater than bitcoin. and of course fewer problems than bitcoin. probably many people will glance that coin

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Quote from: Moneroman88 on June 07, 2016, 04:19:53 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. You could also build an alternative Internet by replacing TCP/IP with another protocol suite. How many people will use it? Bitcoin will stay the strongest cryptocurrency network used my most people. Networking effect.

irukandji

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Maybe , if you can find one with less problems

nyanhtet

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Bawga

Can be if they stay run POW. It is also the reason of high fee today.

nikona

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I think if there comes a cryto that can reward miners in a better way and also being an upgrade on bitcoins then there could be a possibility that some crypto might be able to replace bitcoins but that would be very hard to create and then get traction to.

MONKEYJUNK

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Not the current currencies and not anytime soon, We can already see the competition and although some look promising like ETH and Monero they are still far from taking out bitcoin place, Mostly people use them to speculate the price rather than holding.

Westinhome

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Quote from: Kabul on February 26, 2017, 05:22:09 AM

Quote from: The_Dark_Knight on February 25, 2017, 09:08:56 PM

Bitcoin could be replaced by another crypto, this will not be the first time an innovation is displaced by another innovation that does the same thing but better, look at Walkmans they were revolutionary until they were replaced by discman and then ipods.

Yeah I do have the same idea like you, therefore, I holding a lot of ethereum and wait until its prices to goes up. Ethereum is so valuable and priceless and moreover, it has new ability and new technologies which can help people a lot in many ways

The Ethereum has very strong development team. The price could rise in the future.

Kabul

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Quote from: The_Dark_Knight on February 25, 2017, 09:08:56 PM

Bitcoin could be replaced by another crypto, this will not be the first time an innovation is displaced by another innovation that does the same thing but better, look at Walkmans they were revolutionary until they were replaced by discman and then ipods.

Yeah I do have the same idea like you, therefore, I holding a lot of ethereum and wait until its prices to goes up. Ethereum is so valuable and priceless and moreover, it has new ability and new technologies which can help people a lot in many ways

jovs

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Quote from: Lauda on June 07, 2016, 04:21:39 PM

To believe (e.g. to be certain) something like that does not make rational sense. To say that is a statistic probability makes much more sense. However, this has been discussed over and over again. In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is). Nobody can say that either one will happen for sure; they would only be speculating.

Bitcoin for now is upgrading and its value increases dramatically so thinking that bitcoin would be replaced by other crypto-currencys thats imposibble for know. We all know that bitcoins value is depending to the support of people so many people continue to choose bitcoin than any other crypto-currency. That is the fact and when bitcoin becomes more popular many buisness will be open on accepting bitcoin so it may be the future ot bitcoin. It cant be replaced by any other. Because bitcoin is just starting to grow more.

The_Dark_Knight

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Bitcoin could be replaced by another crypto, this will not be the first time an innovation is displaced by another innovation that does the same thing but better, look at Walkmans they were revolutionary until they were replaced by discman and then ipods.

Sundark

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Quote from: deisik on February 25, 2017, 10:29:46 AM

You make it look as if miners had determined the success of Bitcoin

While in fact any particular miner, a group of miners, or a large assembly of miners (also known as mining pools) are totally irrelevant. If 99% of miners leave today, tomorrow 10x more people will be confirming transactions on their personal computers for 10x less reward, or for no reward at all, just for fees alone or out of necessity to support the Bitcoin network ticking. Miners have usurped the power which they simply shouldn't have in the first place just because they are totally "fungible"

But if we lose some of the hash power isn't bitcoin network gonna choke? How fast it takes for mining difficulty to adjust?
With less hashing power we will have security problems and bitcoin could be targeted and become a victim of hostile takeover.
Miners are abusing their position but at the same time they are guarantor of network security.

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Quote from: agamasrori on February 24, 2017, 11:25:13 PM

Quote from: Rinder on February 22, 2017, 11:14:10 AM

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

I do not think so. I am sure that bitcoin will never replaced by another crypto-currency, even etherium could not replace bitcoin. Because most of people are thrust to bitcoin. Altcoin could be dead anytime.

I think we all know the innovative ideas are always long lasting and have good impact on the societies and communities same is with bitcoin, It is the 1st virtual currency made by satoshi due to his innovative thinking.
And I agree what you said above alt coin may be dead soon but it's not going to happen with bitcoin.

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Quote from: bitbob82 on February 25, 2017, 03:06:51 PM

Quote from: Zooplus on February 25, 2017, 06:48:18 AM

Quote from: Senor.Bla on February 25, 2017, 04:43:06 AM

Quote from: avikz on February 25, 2017, 12:57:24 AM

Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?

They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.

You will have to explain some details. Why mining will only be available until 2023? Because we should still have a good 100 years until no new blocks are mined. Also the fees will take over as the reward. Altcoins use different algorithms, with ASCIs it is not possible to switch to the next best coin.

Probably people will not look for another system anymore, they trust bitcoin so much that is why the price that we see now is rising. That is the statement of the majority and create some good demand to make it happen. If there is a specific altcoin that will replace bitcoin, we cannot ascertain what it is due to their huge number.

yes they even do not need to feel about new currency, as bitcoin is still number one and the best crypto currency which is providing the best option to its users, therefore i do not think that we even need to think about another crypto currency.

This is a really bad attitude. Not making progress because you are satisfied. Standing still is like going backwards in the modern world. It is like saying to not improve Bitcoin further because it works. Almost like now. We are not improving Bitcoins ability to scale and is only a question of time until this will bring Bitcoin down or some altcoin will surpass Bitcoin.

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Quote from: bitbob82 on February 25, 2017, 03:06:51 PM

Quote from: Zooplus on February 25, 2017, 06:48:18 AM

Quote from: Senor.Bla on February 25, 2017, 04:43:06 AM

Quote from: avikz on February 25, 2017, 12:57:24 AM

Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?

They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.

You will have to explain some details. Why mining will only be available until 2023? Because we should still have a good 100 years until no new blocks are mined. Also the fees will take over as the reward. Altcoins use different algorithms, with ASCIs it is not possible to switch to the next best coin.

Probably people will not look for another system anymore, they trust bitcoin so much that is why the price that we see now is rising. That is the statement of the majority and create some good demand to make it happen. If there is a specific altcoin that will replace bitcoin, we cannot ascertain what it is due to their huge number.

yes they even do not need to feel about new currency, as bitcoin is still number one and the best crypto currency which is providing the best option to its users, therefore i do not think that we even need to think about another crypto currency.

Bitcoin is the biggest because the community is strong, and it maintains a lot of its respect from the rest of the world because of a lot of the stunning achievements it has accomplished, such as being valued over $1k, being relatively popular with some online financial systems and so, among other things. It's not like other cryptos can just show up, even if they are better.

bitbob82

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Quote from: Zooplus on February 25, 2017, 06:48:18 AM

Quote from: Senor.Bla on February 25, 2017, 04:43:06 AM

Quote from: avikz on February 25, 2017, 12:57:24 AM

Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?

They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.

You will have to explain some details. Why mining will only be available until 2023? Because we should still have a good 100 years until no new blocks are mined. Also the fees will take over as the reward. Altcoins use different algorithms, with ASCIs it is not possible to switch to the next best coin.

Probably people will not look for another system anymore, they trust bitcoin so much that is why the price that we see now is rising. That is the statement of the majority and create some good demand to make it happen. If there is a specific altcoin that will replace bitcoin, we cannot ascertain what it is due to their huge number.

yes they even do not need to feel about new currency, as bitcoin is still number one and the best crypto currency which is providing the best option to its users, therefore i do not think that we even need to think about another crypto currency.

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Quote from: lol3c on February 25, 2017, 12:24:51 PM

Quote from: Blitzboy on February 25, 2017, 10:10:22 AM

Quote from: Grdas130979 on February 25, 2017, 08:02:03 AM

Gold has never been replaced as a store of value and probably never will be by another look alike product. So i dont think BTC will ever be second, but other Altcoins will be used for everyday shopping or to use Ethereum platform or Lisk platform etc. World needs more than one digital coin.

Yeah, this is how things work, bitcoin won't be replaced and if it does, the possibility is very low. Bitcoin is just gonna hanging round among other cryptocurrencies and it may not be used as much as now in the future but one thing for sure is that it won't die out, at least for a long time.

How can you ensure that Bitcoin will last forever on the top of the world? It is impossible. I think you do not even care about other cryptos work and blindly believe in Bitcoin. Ethereum, monero, dash, zcash, etc, they all have the ability to knock down Bitcoin and sweep it away on this planet. Cryptocurrency is the new field and most of the people here only know about Bitcoin. You have to wait for a several years and understand that Bitcoin is not as powerful as you think

Bitcoin doesn't have to last forever or at least it shouldn't matter to us because we're not going to leave forever. The people that have used the first coins probably didn't even know that it'll be replaced by something so complex like bitcoin. All the coins that you've mentioned surely can knock down bitcoin but apparently they don't, because their force is much weaker than bitcoins. The number of users/supporters is what keeps bitcoin as the best cryptocurrency ever. But of course all of these can be changed over time just like how the first fiat currency was replaced.

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Quote from: Blitzboy on February 25, 2017, 10:10:22 AM

Quote from: Grdas130979 on February 25, 2017, 08:02:03 AM

Gold has never been replaced as a store of value and probably never will be by another look alike product. So i dont think BTC will ever be second, but other Altcoins will be used for everyday shopping or to use Ethereum platform or Lisk platform etc. World needs more than one digital coin.

Yeah, this is how things work, bitcoin won't be replaced and if it does, the possibility is very low. Bitcoin is just gonna hanging round among other cryptocurrencies and it may not be used as much as now in the future but one thing for sure is that it won't die out, at least for a long time.

How can you ensure that Bitcoin will last forever on the top of the world? It is impossible. I think you do not even care about other cryptos work and blindly believe in Bitcoin. Ethereum, monero, dash, zcash, etc, they all have the ability to knock down Bitcoin and sweep it away on this planet. Cryptocurrency is the new field and most of the people here only know about Bitcoin. You have to wait for a several years and understand that Bitcoin is not as powerful as you think

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Quote from: DoublerHunter on February 25, 2017, 05:09:23 AM

Quote from: avikz on February 25, 2017, 12:57:24 AM

Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?

They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.

Yeah, In real life everything has an expiry date and bitcoin does not have exception on that. Bitcoin supply is very limited and year after years the supply are being lessen by the investors and the miners, so after at least 4-5 years we will experience some changes on bitcoin because those who will get benefits in bitcoin for long term are those investors and miners who invested a lot of money. After 10 years bitcoin will face its best enemy and the miners might transfer to another cryptocurrency because of the volume of users,money and other kind of small issues that can cause for them to not earn a decent amount

You make it look as if miners had determined the success of Bitcoin

While in fact any particular miner, a group of miners, or a large assembly of miners (also known as mining pools) are totally irrelevant. If 99% of miners leave today, tomorrow 10x more people will be confirming transactions on their personal computers for 10x less reward, or for no reward at all, just for fees alone or out of necessity to support the Bitcoin network ticking. Miners have usurped the power which they simply shouldn't have in the first place just because they are totally "fungible"

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