Bitcoin Forum

I'm a noob, but recently I have been hearing that bitcoin is dieyng and that another altcoin will be its substitute.
Many people pointed XMR - monero as a possible successor while others think that it will be ethereum.
What's your take on this?

Bitcoin has been 'dying' ever since I got involved with it back in 2013 and I'm sure it will continue 'dying' several more deaths before it either makes it or doesn't (spoiler: looks like it makes it).

Ethereum is an entirely different animal however.  It's quite a bit more ambitious (imho) than Bitcoin in some respects in that it's implementing a turing-complete language built right into the ethereum blockchain.  This ultimately will make de-centralized app's and things like smart-contracts far easier to develop with ethereum if it's successful.  The catch here of course, is all that additional complexity makes for a whole lotta places where things can go wrong.  To get an example of what this language in ether looks like take a look at
http://etherscripter.com/0-5-1/
and select any one of the [Sample] contracts to get an idea of just how varied potential smart contracts can be.  Truly only limited by ones imagination.

Not to take anything away from bitcoin.  It's the first mover and has survived countless attacks both technical and otherwise (including a recent painful Hearnia :p) whereas ethereum is still very much as yet an untested entity in many respects but the more it gains in overall marketcap you can be sure more and more attacks to try and undo it will be occurring.  Will ether ever overtake bitcoin?  Personally I really doubt it.  The safer play is probably with bitcoin however I wouldn't discourage one from picking up a few to hold onto for awhile JIC :)

*My 2 satoshi's worth

On what basis do you claim that Bitcoin is dying? Ethereum is nowhere even close to even Bitcoin. I sometimes just feel that whoever gets involved with any alt currency begins to think that his coin is going to be the best i.e will be destroying BTC.
But the fact is that if BTC dies, every alt currency will eventually die due to lack of confidence by the community.

i dont think bitcoin will die (atleast in the next few years) just because one dev stops. bitcoin is being used almost worldwide now and still continue to grow as we discuss this. altcoin is still an altcoin, its like the secondary crypto currency, bitcoin is the main thing so it wont die just because of 1 person stops

The problem is bitcoin is the primary source for this altcoins to have value thus if bitcoins dies all of the altcoins dies. I think bitcoin is only the crytpocurrency you can buy with fiat directly. Bitcoin has companies using it which other cryptos are lacking.

People usually say things because they do have motives, its very unusual to see a legendary account saying bitcoin is dying but i think this is because they want to buy more btc to gain profit after the price retraces back. for someone who is afraid they might lose money in the end, they will sell their btc all because of the rumors being spread that btc is dying.

The problem with many coins that have the potential to be a rival to bitcoin is the way it is distributed and the amount certain people hold.

Coupled with the fact that a lot of lies were told in the beginning about how there were no extra coins and such, will make sure it takes a long long time before this happens. Expect a nice dump on every nice price increase from dev whales.

Also the management of some projects like ehtereum can use some help. Blowing over 20 mil in a year and not having a noob friendly wallet. Seriously?

no because their coins is nothing more than a clone of bitcoin, what it's good about their project is the platform not the coin they are using, i also remember that they intended to use bitcoin for their platform at soem point

I believe that Bitcoin is here to stay. There will be other crypto-currencies around as well, but that won't stop Bitcoin becoming the stable grand-daddy ( as long as all these forking disputes don't screw things up ). People buy silver and copper jewellery, but that doesn't stop people wanting gold jewellery.

I think nwfella pretty much nailed it. Personally, i think Ethereum has a long way to go. It is definitely one of the alts that has a better chance of future. Community work and documentation is key here and that seems to be a strength of ETH so far.

BTC imho will not "die" anytime soon (what way can a Software die anyways?) and increase it's value not only in pricing, but in a proven reference implementation that everybody can research and base new implementations on.

As far as i can see, the blockchain is the first truly open (source based) ressource since the Internet itself (protocols and open content) was invented. That's the spirit of open source and i love it.

"do you think x coin can overcome Bitcoin?" - just don't.

Ethereum has potential and is looking for a bright future in my opinion, but I doubt any coin will overcome Bitcoin anytime soon.

No legendary has said here that bitcoin is dying. Please read the posts carefully so you actually understand them before answering.

Ethereum is good alternative coin but i don’t think any alternative coin will overcome bitcoin soon because of many factors bitcoin has that you will never find in any other alternative coin .

If the bitcoin system stays intact it will NEVER go to 0, before that I will by all...
And there will always be some people, who want to own it, because its the first of its kind and very popular.
You can compare that with old stamps. For example the "market cap" of the first stamp, Penny Black (very old, but still), is interestingly about the current market cap of bitcoin. (http://www.stampcollectingblog.com/which-stamps-are-worth-money.php)
All those stamps have literally NO worth, you can just collect them, nothing more.
Noone, who doesn't collect, will accept it as a payment, because he doesn't know it.
Can you imagine bitcoin ever being less worth than such stamps? Ridiculous...

@topic
Ethereum may surpass bitcoin or not. Depends on the marketing. This is kind of a war...
But it will have a very hard time, thats for sure. I personally think, it won't... although I am invested.

Oh please!, visit the speculation thread

or check the kwuckduck account, he literally posts a doomsday thread about bitcoin.

According to the mass media Bitcoin is constantly dying since the beginning. When it isn't, then it's a soon to be burst "Internet phenomenon" :).

Monero is a good coin but at this moment it's more like a "niche coin" for a specific group of users than something for Average Joe. ETH is pretty much the same but for different applications and for a different target group. Bitcoin is something more generic however it's a bit rudimentary, slow and outdated if you compare it to these newer coins. Sooner or later an other coin will overtake it but that's not going to happen very soon. Don't forget that BTC is still a cutting edge technology in the outside world, and probably we are the only people who see it as a vintage stuff :).

Kwuckduck is a sold account, in addition a well known BTC shorter. Of course he posts a new doomsday thread every day :).

I wouldn't be surprised, if those guys were payed for fud by the banks...

Yah, especially since kwuckduck and other freshly created accounts posts crashing and burning posts

realizing that the form proposed by the man and his vision of the future of Finance and how this form came to mind, as a form and as a directional vector and more, but the capacity of diversity and that one could not contain all conceived and that success will have a different shape and that the only decision for adoption and just form of looking ahead, of course, and Ether, and other similar coins can be having the chance to succeed and that the wording in the responsibility for quality and fun product

LoL. That's something I'll be surprised with. Then you must also believe that Hearn has been bought by the banks?

IMO the only way an altcoin will surpass bitcoin, is if bitcoins development was to just one day stop. As long as bitcoin continues to improve with the other altcoins I feel it will remain number 1. Way too much time and money has been invested in bitcoin for it to just die overnight. A lot of money would have to be invested in an altcoin with teams and teams of developers putting out new content on a weekly basis for anything to surpass bitcoin.

He works for the banks. That is public already.
There is no proof, that he did his post, because of them, right. But is there any proof that its not?

Who knows but that is very difficult!
Maybe if bitcoin disappear..

Ethereum will be number 2 marketcap coin before the end of february.

Wrong.  The cat is out of the bag.  Even if BTC dies, other cryptocurrencies, big and small, will always be around.

l don't know what so special people finding in ETHER?
i see a lot of investors trying to get more publicity attacking bitcoin..
If you believe in your project do marketing.
I'm so tired hearing those nonsense,  ether is better , will kill bitcoin and so on..

this get rich quick coin Etheruim have no adoption and have no voice outside of whales and shark circles. it's going to be dead on the spot whenever their platform is released, if they ever have a stable working one. it's buy on hype and dump on platform release deal. there will always another Etheruim without the get rich quick premined, chance someone or group are coding right now as hobby without the get rich quick deal. the legendary bitcoin can't be replace as it's already established but scam like Etherium come and go, ibm coin, bank of china coin, chase coin...

Pros
1 - It works.  And the devs work on the entire ecosystem.  Eth mining was easier and more consistent than LTC mining ever was from day 1 for me.  I was able to sync the entire blockchain from scratch in 20 minutes.  They are slow to release software (just now doing gui wallet).  But when it's released it generally works well. 
2 - Smart contracts.  Will allow things like betting, bond issuancem insurance, pegged currencies & decentralized exchanges on blockchain.  Not only is it theoretically possible - Augur has raised millions for on chain betting.  And (claim) they are going to do it right.
3 - Premine.  Which most people hate and I sit on the fence about all the time.  Since they raised an obscene amount of money (effectively taking the first three years of mining and selling it to investors - then adding more on top of that to donate to talent) it was able to fund itself with more actual programmers than most cryptos have.
(https://www.reddit.com/r/ethereum/comments/41u7m6/r3_connects_11_banks_to_distributed_ledger_using/)
4 - Scalability is in the works using PoS.  Coming from the guys who got the PoW blocktimes down to 15 seconds I think there's a lot of optimism that this could lead down the path of the type of transaction speed and volume needed for reputation systems, gambling platforms, decentralized exchanges, etc.
5 - Endorements from heavyweights.  IBM used it at CES for IoT demo.  R3 is forking it to run some PoC things with banking.  Nick Snazboo is on their board of advisors.  One of the first platforms Azure added to it's on demand blockchain apps.

There are some MASSIVE problems with Eth.  But honestly if you don't find much interesting about Ethereum then you haven't been paying much attention.

I am one of the longest supporters of Ethereum as well as Gavin Wood and Vitalik, but they can never ever replace Bitcoin nor was the objective of Ethereum to replace BTC.

BTC is fine at this moment in time, shady clusterfucks like NXT can't replace it, more transparent projects like Ethereum neither. BTC will be own and run by central banks, big banks and the government very soon, but that is another entirely different story.

Good way to see a bit is to join #Ethereum on freenode and ask a question. Then do same and join #monero on Freenode and ask a question there.

You will see the huge difference.

And sort of should be opposite since Monero is opensource without any founds collected to make it happen.