Will Bitcoin be replaced by another cryptocurrency? - page 183.

Senor.Bla

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Quote from: rickadone on November 23, 2016, 03:41:59 PM

Quote from: MTBTT on November 23, 2016, 12:18:01 AM

Quote from: arcanaaerobics on November 20, 2016, 10:06:14 AM

This week/month showed to us the power of bitcoin in terms of global acceptance.

If bitcoin can be replaced? Well, it will be an long road to another crypto get that highlight...

I think for any bitcoin life, if bitcoin continue berovolusi according to the times and user trust and continue to use bitcoin, then there will be no other cryptocurrency which will replace the bitcoin

The trust of the people on bitcoin is continuously increasing and therefore they are putting investing their assets in bitcoin and that is the reason that the price of bitcoin is increasing rapidly, hope that the trend of increasing the price of bitcoin will continue for a long time. As long as people keep their trust bitcoin will never get replaced.

you can lose the trust in something very quickly. inventing something is usually the hardest part and it gives you an advantage for some years, but usually other people will find a way to optimize it and make something better that can eventually replace the invention.

Shenzou

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Probably because of the high demand and the high price of bitcoin and how it became hard to mine and no one can buy it for its very high price it maybe possible to see other alt coins taking over probably litecoin since it is the second after it

rickadone

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Quote from: MTBTT on November 23, 2016, 12:18:01 AM

Quote from: arcanaaerobics on November 20, 2016, 10:06:14 AM

This week/month showed to us the power of bitcoin in terms of global acceptance.

If bitcoin can be replaced? Well, it will be an long road to another crypto get that highlight...

I think for any bitcoin life, if bitcoin continue berovolusi according to the times and user trust and continue to use bitcoin, then there will be no other cryptocurrency which will replace the bitcoin

The trust of the people on bitcoin is continuously increasing and therefore they are putting investing their assets in bitcoin and that is the reason that the price of bitcoin is increasing rapidly, hope that the trend of increasing the price of bitcoin will continue for a long time. As long as people keep their trust bitcoin will never get replaced.

Sled

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Bitcoin- in bullish time

Quote from: rizkyhiw on November 23, 2016, 12:25:56 PM

Quote from: ?? on ??

Quote from: rizkyhiw on November 22, 2016, 11:49:47 PM

Quote from: ?? on ??

Quote from: rizkyhiw on November 17, 2016, 07:49:50 PM

Quote from: Aamir1 on November 17, 2016, 01:53:06 PM

Quote from: jak3 on November 17, 2016, 12:51:42 PM

bitcoin is popular but its possible that any other cryptocurrency replaces bitcoin it can be by yhe price or by other factors. no matter what it is but we know bitcoin is going ro gather a lot more popularity when all the 21bitcoins will be mined

Do you really think that another crypto currency will come and survive for so many years like bitcoin and gain a price and popularity like bitcoin and then it will replace bitcoin? That does not seem to be happening, bitcoin has almost everything a person might want from a crypto currency so i don't see any reason bitcoin getting replaced.

yeah while another crypto growing , bitcoin itself growing faster
it's pretty clear that bitcoin is mother of crypto currency
now it's like 'can you be a parent of your mother' ?
just think about it , bitcoin is too big , too popular .

While bitcoin is growing faster, this is making other crypto currency growing fast too. But this will be hard for those other crypto's that doesn't have equivalent popularity with bitcoin. As bitcoin is the most well known crypto so this is very impossible thing for another crypto to replace what is being experienced by bitcoin today.

there is a lot of facts that another cryptocurrency cannot achieve
first the bitcoin ecosystems have been more established more than any other crypto currency
then bitcoin popularity hard to beat, required a long time to build popularity
end of wods bitcoin is irreplaceable at least for now.

Yes that's why it another crypto aims to replace the position of bitcoin now. That is going to be a hard way for them and just like what is happening now. There are a lot of crypto's that has the same characteristics with bitcoin but still us and other people are keep on using bitcoins and don't even want to shift to other projects that are coming out.

required a lot of times to build reputation and networking to make this happen
i stated clearly bitcoin is irreplaceable , nothing can switch it
the bitcoin community is the largest
only miracle and an altcoin breakthrough features could replace bitcoin

As of now, you are right bitcoin is irreplaceable and our community have the largest number in case of supporters but we can't stick to that word "only miracle and an altcoin breakthrough features could replace bitcoin" because we can't be sure that bitcoin will be stable for the next 20 or more years because we know that there is a event that we called halvening where the bitcoin block reward will be half and the mining difficulty will be higher and higher and so on. If that happens many miners will find a new one or another crypto-currency that can satisfy their needs both in profit and expenses. If they find another one that is giving much better income than bitcoin then they will push that coin and continue to support that new coin rather than sticking on bitcoin. Its all about stability and the profit that it gives and second is the features of a coin. We can't predict the future, So just enjoy on what we have now.

rizkyhiw

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Quote from: ?? on ??

Quote from: rizkyhiw on November 22, 2016, 11:49:47 PM

Quote from: ?? on ??

Quote from: rizkyhiw on November 17, 2016, 07:49:50 PM

Quote from: Aamir1 on November 17, 2016, 01:53:06 PM

Quote from: jak3 on November 17, 2016, 12:51:42 PM

bitcoin is popular but its possible that any other cryptocurrency replaces bitcoin it can be by yhe price or by other factors. no matter what it is but we know bitcoin is going ro gather a lot more popularity when all the 21bitcoins will be mined

Do you really think that another crypto currency will come and survive for so many years like bitcoin and gain a price and popularity like bitcoin and then it will replace bitcoin? That does not seem to be happening, bitcoin has almost everything a person might want from a crypto currency so i don't see any reason bitcoin getting replaced.

yeah while another crypto growing , bitcoin itself growing faster
it's pretty clear that bitcoin is mother of crypto currency
now it's like 'can you be a parent of your mother' ?
just think about it , bitcoin is too big , too popular .

While bitcoin is growing faster, this is making other crypto currency growing fast too. But this will be hard for those other crypto's that doesn't have equivalent popularity with bitcoin. As bitcoin is the most well known crypto so this is very impossible thing for another crypto to replace what is being experienced by bitcoin today.

there is a lot of facts that another cryptocurrency cannot achieve
first the bitcoin ecosystems have been more established more than any other crypto currency
then bitcoin popularity hard to beat, required a long time to build popularity
end of wods bitcoin is irreplaceable at least for now.

Yes that's why it another crypto aims to replace the position of bitcoin now. That is going to be a hard way for them and just like what is happening now. There are a lot of crypto's that has the same characteristics with bitcoin but still us and other people are keep on using bitcoins and don't even want to shift to other projects that are coming out.

required a lot of times to build reputation and networking to make this happen
i stated clearly bitcoin is irreplaceable , nothing can switch it
the bitcoin community is the largest
only miracle and an altcoin breakthrough features could replace bitcoin

kiklo

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Quote from: danherbias07 on November 23, 2016, 12:31:07 AM

Then use an alt which is owned by someone and anytime could just drop without even a warning? How could you trust something like that? I'd rather wait for a long transaction period than lose everything with a controlled coin.

LOL,
if you trust BTC, you are trusting China, China has over 51% hash of BTC and LTC

Use LTC and you are still trusting China with your money , absolutely Zero Difference,
except LTC works without high fees and BTC is jammed. Tongue

FYI:
In case it was not clear to you ,
China Controls BTC
China Controls LTC
China Controls DOGE

BTC= Better Trust China

danherbias07

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Quote from: kiklo on November 23, 2016, 12:06:18 AM

Re: Will Bitcoin be replaced by another cryptocurrency?

Soon, if they don't get a handle on their transactions queue.

https://blockchain.info/unconfirmed-transactions

~36369 Unconfirmed Transactions to go .

Cool

FYI:
Just dropping the blockspeed to 5 minutes would double the capacity, and going to 2½ minutes would increase transactions 4X.
Shame everyone in BTC is too greedy or too stupid to make that simple change.

Then use an alt which is owned by someone and anytime could just drop without even a warning? How could you trust something like that? I'd rather wait for a long transaction period than lose everything with a controlled coin.

MTBTT

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Quote from: arcanaaerobics on November 20, 2016, 10:06:14 AM

This week/month showed to us the power of bitcoin in terms of global acceptance.

If bitcoin can be replaced? Well, it will be an long road to another crypto get that highlight...

I think for any bitcoin life, if bitcoin continue berovolusi according to the times and user trust and continue to use bitcoin, then there will be no other cryptocurrency which will replace the bitcoin

kiklo

legendary

Activity: 1092

Merit: 1000

Re: Will Bitcoin be replaced by another cryptocurrency?

Soon, if they don't get a handle on their transactions queue.

https://blockchain.info/unconfirmed-transactions

~36369 Unconfirmed Transactions to go .

Cool

FYI:
Just dropping the blockspeed to 5 minutes would double the capacity, and going to 2½ minutes would increase transactions 4X.
Shame everyone in BTC is too greedy or too stupid to make that simple change.

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Quote from: ?? on ??

Quote from: rizkyhiw on November 17, 2016, 07:49:50 PM

Quote from: Aamir1 on November 17, 2016, 01:53:06 PM

Quote from: jak3 on November 17, 2016, 12:51:42 PM

bitcoin is popular but its possible that any other cryptocurrency replaces bitcoin it can be by yhe price or by other factors. no matter what it is but we know bitcoin is going ro gather a lot more popularity when all the 21bitcoins will be mined

Do you really think that another crypto currency will come and survive for so many years like bitcoin and gain a price and popularity like bitcoin and then it will replace bitcoin? That does not seem to be happening, bitcoin has almost everything a person might want from a crypto currency so i don't see any reason bitcoin getting replaced.

yeah while another crypto growing , bitcoin itself growing faster
it's pretty clear that bitcoin is mother of crypto currency
now it's like 'can you be a parent of your mother' ?
just think about it , bitcoin is too big , too popular .

While bitcoin is growing faster, this is making other crypto currency growing fast too. But this will be hard for those other crypto's that doesn't have equivalent popularity with bitcoin. As bitcoin is the most well known crypto so this is very impossible thing for another crypto to replace what is being experienced by bitcoin today.

there is a lot of facts that another cryptocurrency cannot achieve
first the bitcoin ecosystems have been more established more than any other crypto currency
then bitcoin popularity hard to beat, required a long time to build popularity
end of wods bitcoin is irreplaceable at least for now.

goldcoinminer

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Activity: 952

Merit: 500

Quote from: Napole0n on November 22, 2016, 09:13:53 PM

Quote from: FlamingFingers on November 19, 2016, 09:34:07 PM

Well, Nothing is impossible. Maybe one day Bitcoin would crash/drop and another cryptocurrency would take the lead(but that's not most likely to happen at the moment, as Bitcoin being The King Of The Hill and other cryptocurrencies are far by miles from it!)

Currently bitcoin looks perfect, but future day there will be can hack by hackers. If bitcoin still profitable, let us use it wisely.

We cannot prevent that, the least we can do is to be very careful with our information and upgrade our security of our wallet. Treat our bitcoin preciously as it's our investment and might give us a wonderful future.

Napole0n

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Quote from: FlamingFingers on November 19, 2016, 09:34:07 PM

Well, Nothing is impossible. Maybe one day Bitcoin would crash/drop and another cryptocurrency would take the lead(but that's not most likely to happen at the moment, as Bitcoin being The King Of The Hill and other cryptocurrencies are far by miles from it!)

Currently bitcoin looks perfect, but future day there will be can hack by hackers. If bitcoin still profitable, let us use it wisely.

Catlonid

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Quote from: South Park on November 22, 2016, 06:07:55 PM

Quote from: ?? on ??

Quote from: mastica on November 19, 2016, 07:11:54 PM

Quote from: Snorek on November 17, 2016, 10:12:54 AM

Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency

Well bitcoin achieved huge sucess because it were well made, since the begining and the core now just improve it, and has some questions to handle over the next years, but hasnt any influence neither being controled by just one single person. I dont know how sucessfull a new crypto coin with a team and control may achieve sucess, but its good for crypto world.

I agree, atleast now no crypto currency is even near as succesfull as bitcoin is. The first time i heard of bitcoin, I didn't even know that there's some other cryto curriencys as bitcoin. I believe that's becouse media is mostly posting about Bitcoin.

You must understand that the reason the media is focusing almost exclusively in bitcoin is not only because bitcoin is the crypto with the greatest volume, the reason is that the average person will most likely flock to the most known of all the cryptos and without a doubt that is bitcoin, that is why they keep the misinformation campaign against bitcoin so the average people are afraid to use it.

that right, many people afraid use bitcoin only know information bitcoin is used to illegal activities. but I think is wrong because bitcoin can use to legal activities in daily life. I think for now bitcoin is not easy to be replaced because the price is going up and still stable.

South Park

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Quote from: ?? on ??

Quote from: mastica on November 19, 2016, 07:11:54 PM

Quote from: Snorek on November 17, 2016, 10:12:54 AM

Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency

Well bitcoin achieved huge sucess because it were well made, since the begining and the core now just improve it, and has some questions to handle over the next years, but hasnt any influence neither being controled by just one single person. I dont know how sucessfull a new crypto coin with a team and control may achieve sucess, but its good for crypto world.

I agree, atleast now no crypto currency is even near as succesfull as bitcoin is. The first time i heard of bitcoin, I didn't even know that there's some other cryto curriencys as bitcoin. I believe that's becouse media is mostly posting about Bitcoin.

You must understand that the reason the media is focusing almost exclusively in bitcoin is not only because bitcoin is the crypto with the greatest volume, the reason is that the average person will most likely flock to the most known of all the cryptos and without a doubt that is bitcoin, that is why they keep the misinformation campaign against bitcoin so the average people are afraid to use it.

arcanaaerobics

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This week/month showed to us the power of bitcoin in terms of global acceptance.

If bitcoin can be replaced? Well, it will be an long road to another crypto get that highlight...

audaciousbeing

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For my own point of view, there is nothing impossible but at the same time for other currency to actually replace Bitcoin will a long way to achieve because the actual level Bitcoin has gotten to now is not actually about the developers or the coders who knows how to develop coins but the majority of people who are actually novice in the areas of core crypto that invested alot into the project and gave its the popularity its enjoying today to actually convince those people again by any coin is actually really going to be a "long walk to freedom".

shinratensei_

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Quote from: Snorek on November 17, 2016, 10:12:54 AM

Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency

We may find the similar project in Canada, The Bank will be trying for making another concept, but the purpose will become the competitors for bitcoin soon.
Blockchain was becoming the double edge knife.

FlamingFingers

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Well, Nothing is impossible. Maybe one day Bitcoin would crash/drop and another cryptocurrency would take the lead(but that's not most likely to happen at the moment, as Bitcoin being The King Of The Hill and other cryptocurrencies are far by miles from it!)

South Park

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I am terrible at Fantasy Football!!!

Quote from: vasrasus on November 18, 2016, 09:04:26 PM

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?

I had read an article before about it. Something like "There’s an epic battle for the future of money, and the outcome is murky. It might have several winners. It might have no winners. But one thing is crystal clear: The most exciting battle in this long war is taking place in San Francisco, and the town isn’t big enough for both Ripple Labs and Stellar, two of the contenders hoping to replace not just Bitcoin but the almighty dollar."

So the possibility is always there just how bitcoin became boost something alike may also boost but still hoping that we can still enjoy what we still doing in bitcoin now may last for long as long as we want.

Currency wars are nothing new there were wars between the dollar and the pound, at the end the dollar won and claimed the throne of the top currency in the world, but the dollar has gotten weaker and now we see some attempts to try to grab that spot out of the dollar.

mastica

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Quote from: Snorek on November 17, 2016, 10:12:54 AM

Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency

Well bitcoin achieved huge sucess because it were well made, since the begining and the core now just improve it, and has some questions to handle over the next years, but hasnt any influence neither being controled by just one single person. I dont know how sucessfull a new crypto coin with a team and control may achieve sucess, but its good for crypto world.

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