Will you switch to a new technology, if it offers better features than Bitcoin? - page 2.

Kprawn

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Quote from: Daniel91 on April 06, 2016, 10:14:06 AM

I don't think really that we have to switch or choose anything.
Why?
In the world we have more than 200 countries and more than 200 national currencies.
in the same way, we can have in the future 100 or 200 or even more virtual currencies and even we can create Forex only for virtualo currencies and trade them, and make profit in process

What is wrong with that?
It's just concept that we should have only one virtual currency.
I hope that many other virtual currencies will follow, and that we can make profit from all of them

So you are saying the 200 national currencies of the old fiat system is a good thing? Just remember that most of these currencies had no other function than representing currency value. Bitcoin is the

token for it's currency value, but the Blockchain can be used to do so much more. I have nothing against other Alt Coins... it is actually beneficial to Bitcoin, when they fail and we can learn from their

mistakes and their success. I have a problem with all these other "private" Blockchains being developed for the banks.... They will market this stolen technology as their own invention and with the help

of governments... gain the lead.

If I switch, it will be out of principle to something with the same values and motivation as Bitcoin. { A public, permission less, decentralized and trustless network }

Daniel91

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I don't think really that we have to switch or choose anything.
Why?
In the world we have more than 200 countries and more than 200 national currencies.
in the same way, we can have in the future 100 or 200 or even more virtual currencies and even we can create Forex only for virtualo currencies and trade them, and make profit in process

What is wrong with that?
It's just concept that we should have only one virtual currency.
I hope that many other virtual currencies will follow, and that we can make profit from all of them

NeuroticFish

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Looking for campaign manager? Contact icopress!

Why switch? There can be more than one. Coins and technologies are not jealous on each other

There are altcoins that - imho - have already better features than Bitcoin. I own some of this and some of that.
But you know, you don't have the smartest and the best to be the king. Bitcoin is still the king and will be for a while...

sauc1er

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without thinking twice. When it first became possible to utilize yout radeon graphics card to generate btc, I managed to mine 2 blocks. I did not give much about it and lost track of btc - that were the first 100 btc down the drain. Then, I managed to fill my wallet up to 260 btc, shortly after that btc crashed down to 3 USD and I thought thats it and sold when it was back up to around 30 USD. Then I lost interest again and when I heard thT BTC was worth over 1000 USD for a short time and that I could have had 360 of coins lying around I had learned my fucking lesson.

Kollor

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Quote from: ~Bitcoin~ on April 05, 2016, 11:49:04 AM

Bitcoin need more than 6 years to establish and get recognise to world about its value but now number of alts are emerging everyday taking bitcoin as support. I don't think any alts with bettter service than bitcoin can replace bitcoin i mean bitcoin can't be lesser than other alts as lots of developer supports bitcoin.

Except if a coin will be financed by the government and be promoted and backed...There is no impossible to the governments who dream of overtaking bitcoin...except that it will always end up centralized...

~Bitcoin~

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Bitcoin need more than 6 years to establish and get recognise to world about its value but now number of alts are emerging everyday taking bitcoin as support. I don't think any alts with bettter service than bitcoin can replace bitcoin i mean bitcoin can't be lesser than other alts as lots of developer supports bitcoin.

coinpr0n

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For traders, I would think that a coin's market liquidity plays a key role when it comes to which cryptocurrency they decide to trade. Technological features probably come in second.

rizkyhiw

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Quote from: Kprawn on April 04, 2016, 12:20:44 PM

We know Bitcoin was the first and is the most trusted Crypto currency out there at the moment and that it is backed by a huge network with tons of hashing power and good security, BUT would you

forget about all of that and go for a alternative technology with better features, once it is developed by all these banks? {Permissioned, private ledgers} They will obviously just copy the concept and

add some bells n whistles and then improve on scalability.

The governments will obviously make things easier for them and make it more difficult for Bitcoin, and then Bitcoin will start to lose ground and things will change in their favor. How do we stop that

or turn that against them? {The only solution I can see, is for us to educate the public and to prove to them that Bitcoin is better}

What will you do? Turn to a permissioned ledger, because things will be easier or stay with Bitcoin out of principle or because you support financial freedom?

honestly i hard to decide that,i love bitcoin at first sight Grin

but honestly i need more money if its possible earn more from that new technology,and also i hope that new technology more easy to get than bitcoin.

Ardenyham

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yes. obviously. If I found that the new technology give me a brighter future then bitcoin, I would definitely switch bitcoin to the new technology. but happily it is really hard to beat bitcoin for new technology. bitcoin took his place and breaking it not a play of child.
and Of course I am competable with bitcoin..

Wendigo

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I will use whatever is most efficient and has the lowest fees at the time of transacting so there will be more money left for the users (me). I don't have a permanent attachment to Bitcoin. It's not the Holy Grail of all the currencies out there. Also I think it would be stupid to not use the advantages of something else later on if it has better features than Bitcoin and will make my life easier doing business online.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: Xanidas on April 05, 2016, 10:04:21 AM

I will switch. But bitcoin can also copy or adopt the new technology. Bitcoin should be able to evolve all the time.

obviously, but unfortunately seems its hard for bitcoin to make bitcoin better itself,just see the blocksize limit,it's only 1mb and always got bottleneck in every transaction, but the dev took 1 year for solving this one

jakelyson

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Quote from: Bestwishes745 on April 04, 2016, 04:13:26 PM

these struggles are going on by a number of oter crypto-currency but they are unable to compete bitcoin and people are more attracted to bitcoin rather than any other technology.

People tend to trust the original which is bitcoin. But if other crypto can generate something that bitcoin does not currently possess right now, people can be swayed to switch. I'm still not certain what features can be added but if ever it has significant effect in performance, it is a major plus factor. But I do not agree if it is controlled by a bank or government.

Xanidas

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I will switch. But bitcoin can also copy or adopt the new technology. Bitcoin should be able to evolve all the time.

Kprawn

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Quote from: Lauda on April 04, 2016, 01:37:11 PM

Quote from: Kprawn on April 04, 2016, 12:20:44 PM

BUT would you forget about all of that and go for a alternative technology with better features, once it is developed by all these banks? {Permissioned, private ledgers} They will obviously just copy the concept and

I don't even understand how this is a question. Wasn't the initial goal to take away the power of the banks? Why are you even here?

Quote from: Jhanzo on April 04, 2016, 01:25:34 PM

I think you're misunderstanding what a full decentralization is.

Correct. Bitcoin's strength lies in its decentralization.

Quote from: Klestin on April 04, 2016, 12:50:16 PM

If objectively superior features are developed elsewhere, they may be integrated into Bitcoin. In fact, many already have been.

Exactly, as long as these features are open-source as well.

Quote from: Kprawn on April 04, 2016, 12:44:37 PM

Well, they will not develop something trustless, but they can make it decentralized.

That's not decentralized.

I want to determine, how many people use Bitcoin for the innovation and disruption it brings and if they will still use it, when these banks or financial organizations come up with a competing

technology. There are some people, who care less about the principle value of this new technology. {The disruptive side} and only care about the profits to be made. The origin of this technology

were clearly started and motivated by the people, who wanted to break the hold these banks has over people's finances .... but lately, a lot of other people entered this scene and they only

concentrate on the money they can make. Do we see a shift from changing the financial powers, to assisting the financial powers to become stronger?

avikz

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Why not! Why I would not reap the benefit from the new technology?? But that certainly doesn't mean that I will leave earning bitcoin.

technology is very progressive and it evolves with time. So if a new technology is offering me good features and profit, I would definitely start using that technology. But I will also keep using the bitcoin like the ways I am using it now.

So, instead of switching technology, it will be an addition to my life.

Denker

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Quote from: BTCBinary on April 04, 2016, 04:44:59 PM

I probably will... If a new currency that can overcome Bitcoin appears there will be a lot of people changing to it, of course. However, I guess that there will not be any of those anytime soon!

Ok this is something I would do as well as long as it is a decentralized coin and not controlled by any government, institution or conglomerate.
But OP asked if we would switch over if the new improved coin would be government issued. And in that case I would definitely deny that and stay with Bitcoin!!

Denker

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I started to use Bitcoin because it is money outside the hands of governments!
So I never would switch to a coin issued by governments!
Bitcoin is decentralized without having any dictator, censorship resistant, borderless, permissionless.That is all I need!

Herbert2020

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i have seen a lot of Alternative Crypto-currencies over the years and a large number of them claimed to be the next best thing and were planning on replacing bitcoin with their roadmap ahead.
but so far none of them could keep their trade volume and market cap up as long as bitcoin has.

all that said, if there is a new altcoin (new technology) that is better than bitcoin, i will start using that instead. but i don't really see anything that can offer a new feature that i can need instead of bitcoin.

BitcoinSupremo

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What ever happens I am sticking strongly to my Bitcoins, I don't need any new feature added to it. To me it offers all what I want from a currency , a total freedom, thats what I like and always will do, so am never quitting it for a new currency or new cryptocurrency.

vinaha

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No.

People talk about the proverbial Bitcoin 2.0
I don't see that happening. Millions of dollars have been sunk into Bitcoin. Companies have been started, lives have been changed. That's not going to go away just because there's an altcoin that has some other feature.

People who haven't invested so much into Bitcoin can hypothesize about a 2.0, but no - Bitcoin is here to stay. Improvements can always be made, but it won't be replaced.

Topic: Will you switch to a new technology, if it offers better features than Bitcoin? - page 2. (Read 2443 times)