Bitcoin Forum

Hi everyone,
Because of high miners fee in bitcoin transaction, is it possible that there will be an altcoin that can replace bitcoin and can be used as major payment for cryptocurrency exchanges?

I think Monero can do that as it is already chosen as second payment method on dark net.

Yeah. Its the cryptocurrency thats following BTC's humble beginnings to darknet acceptance and then maybe to a 100 billion market value. But too bad its going to have more of problems in scaling because it has larger transaction sizes than BTC.

All blockchain based cryptocurrencies wont scale onchain. Accept that reality.

A certain altcoin replacing bitcoin is definitely very possible, especially if the scaling problem doesn't get fixed soon after the bitcoin hype. Which one? It's hard to say for sure as of now. We have lots of alternatives, like BitcoinCash, Dash, Litecoin, etc. Will bitcoin(BTC) be replaced? Maybe, maybe not.

I certainly can not exactly say, but as you look at the etherium, I think that he can take the top?
Well for me, he can perfectly fit into this.
Plus now I'm doing a bounty company one for which the guys have high hopes. And there is just a crypto currency which you can pay for different goods. Beluga is called.

Hard to say but one thing for sure is that there will always be developments in crypto that will rival bitcoin eventually.  This is if bitcoin keeps being rigid in its development

Ethereum from past couple of months am sending and receiving payments using ethereum even most of people preferring ethereum for payment and also there is less rs of crypto cards utilising ethereum for payment .

There's is ETH which is already popular with low fees, then there is also LTC. Other than these many newer coins are more faster like XRB, which is as good as lightning network. But anyways with lightning network on BTC it will be the best choice for transactions once again.

yes it is possible for some altcoin to replace the bitcoin as a source of payment , some of them has infact already implemented this. like for example on steam platform they are now replace bitcoin by litecoin to thier payment method due to the fact that bitcoin is kinda slow and expensive lately.  however bitcoin cant still be replace in terms of other usage like investment because bitcoin is still profitable when compared to some other alts. yet i  believe and hopping that bitcoin will still improve in the form of segwit or hardfork in order for it to retain its glory and fame.

At the moment, doubt Bitcoin will be replaced anytime soon. But I think Litecoin is a good candidate as a replacement for Bitcoin.

It's hard to predict now. There can be a new cryptocurrency which will be the best according to the characteristics

Majority of altcoin can replace the bitcoin because in fact that they are all coming with scalability solution and some project that used alternative ways such as iota and raiblock (Dag system) which used the server to validate the transaction and make it be direct or instant payment. And the answer all of the altcoin is really possible to replace the bitcoin in actual use.

Heyyy whooooo ouh wake up guys !

https://www.youtube.com/watch?v=5wOqgUjYwc0&t=3s

You really never heard about Lightning Network ???

You really think BITCOIN "the king" can be replace like that ?
So many projects with nothing behind...How many developpers on Bitcoin cash ? You nderstand centralisation/decentralisation ?

Did you inform yourselves just a bit ?

No coin can replace bitcoin. Some of them can be popular only. For example, DGB could be a major one in the future. It's price is below $0.1 now and it can reach $1 in the future easily.

If people think about it would be difficult to replace Bitcoin as a major payment because the popularity. But if in expectations Ethereum is the best choice and can make that happen, also has many people know about this alternative currency.

Most likely it will be the Etherium, Litcoin or Bitcoin cash. But it is difficult to say, a new coin may appear that will dislodge other altcoys.

i believe ripple and ethereum are very good altcoins that have high potential to replace bitcoin in the future, they are very great at big amount transactions because it fast and low fee, also the community of investors are supporting them very much, making them become value coins on crypto market.

RDN
I know many of you have not heard of it. But think about the tool you use to pay. It’s alipay, PayPal ,wechat. Payment tools connect people and work with efficiency and convenience. None of crypto btc, ethereum, dash, xmr etc. can match that.
We need not pay on-chain. you need not to pay with gold, you just pay the token backed by gold. You pay others though PayPal, you pay them token of PayPal while PayPal token backed by real money. You pay others though bank, you actually pay them the bank token while bank token backed by real asset.

RDN is a system in which token backed by eth. Using this system to pay is more likely matching the condition of payment.

The debate between storage value and currency needs to be sorted before any proper projections on how the future of crypto for payments will look like i think

there are some really good alternatives but to replace bitcoin there must be something rally good in functionality, maybe tomorrow we'll have some big players (google, amazon, paypal, etc) in crypto world and we may have a really good alternative

it's hard to predict as this is just the beginning. maybe there will be a new concept that can replace crypto :P who knows?

Litecoin , i prefer it for it's low fee and faster transaction than bitcoin. I used to play in a gambling site where there is only some few choices available for deposit luckily they have litecoin and dogecoin so this two is my preferred choice of payment in that specific gambling site, but for other online shop i use other alts like eth , monero and etc. But I frequently use litecoin so my answer is Litecoin

I think, the first alt that should become major payment is Ethereum.
This one is worth, with its simple to use, fast and custom setting of transaction fee, we can depends this alt to be major payment

There is a very little posibility,but it wont happen in the near future becaue BTC will still dominate for years.

My money's on XLM. I see it becoming the bridge between cryptos and fiat within the next year or two.  BTC is becoming a dinosaur. I'm sure it will be around for a long time still, but I don't think it will sustain it's utility in the future.

I'm not sure, and hard to predict. But for me bitcoin have more opportunity of that.
Like amazon will accept bitcoin as a payment, and I see some application also accept bitcoin as their payment.

Transaction fees have been somewhere around $20 lately, pretty useless for any kind of micro-transaction. It doesn't matter if vendors like Amazon want to accept bitcoin if the network can't scale to meet the demand.

Thats possible,because in crypto's market is getting bigger everyday probably in the future crypto would replace cash,

Bitcoin are old news.
Slow, expensive and unefficient as hell

Sell your Bitcoin. Wouldnt surprise me Bitcoin goes down in 2018

Monero is my favourite coin for payment, its is more secure and privacy is 100% I think that this coins will be in top 5 coins in 2018. One of the best altcoin to invest.

There are promising coins than BTC,but i believe btc will still dominate the market place in the future.

It is possible now, we can now use ETH for some payments. There are some sites that you can withdraw ETH as a national currency without converting ETH to BTC and BTC to national currency. It's a great idea since ETH is very essential to use and can gain a better profit.

That is going to be Litecoin. Even Warren Baffet was talking about it in his twitter. Charlie Lee has said that in 2018 is going to happen something. We can't know it is going to be a pump or a dump, but I'm going to buy LTC for a positive case.

Absolutely. Moreover, bitcoin has well known technical problem and in the future it will become unsustainable.
Of course, the real bet is WHICH altcoin will replace bitcoin. We'll see :-)

It is hard to tell which is which and what coin should be the right one. With all the promising development of altcoins for sure their will be one but not as of the moment as bitcoin has its stronghold and still flourishing in the crypto industry.

No.it is not possible that altcoins replace bitcoin as major payment.because it's investment is very high.

Theres small possibility of that,why? because btc as the foundation of crypto itself isnt yet implemented to may countries,an altcoin which its successor would be hard to be accepted.

It's possible but i don't think it will happen because many people still trust and keep using bitcoins even the fee is so high. If altcoins can replace bitcoin as major payment, maybe it's bitcoin cash or Ethereum. This 2 altcoins is popular and big though, the only different is the price that very different if you compare it with bitcoin price.

Does DickCoin exist? If it does, and I think DickCoin is replacing Bitcoin at the end of the day. :P

Bitcoin isn't really a payment system, it's pricing is too unstable and in the US every transaction triggers a taxable event (not sure about other jurisdictions). It is a store of value and a speculative investment. Everything I read from investor class people buying BTC says that are buying to hold for what they think will be significant price increases in the future. That's what people do with commodities, not what they do with a currency. It's what I'm doing. I bought a t-shirt for $30US in BTC earlier this year. It's now a >$100US t-shirt. Dumb move. Should have kept the BTC.

A real currency will have a stable value so people won't hesitate to use it for transactions. That makes it not so great an investment. If you hold real fiat currency over time (dollars, euros, yen, etc) it goes down in value because of inflation. I true digital currency would do the same. A lousy investment. I guess a digital currency that allows staking would get you a little transaction fee, but if that is you goal, put your fiat money in an interest bearing account and hope inflation doesn't exceed the interest rate.

I do not think bitcoin need any replacement, what we need in cryptocurrency space is collaboration. Ethereum platform is making history by hosting quality ICO like ALGORY.IO token. ALGORY.IO is providing much needed tools to trade cryptocurrency with!

Currently I see that Ripple could be used for this purpose. May be DGB or dogecoin could be used for that also

That's a great observation. Amazon and Google have the computing power to run a centralized network and might just do it to cut out the fees they pay Visa and Mastercard.

For me, if a coin can replace a bitcoin to pay, that's Etherum. Etherum has all the features of a paid coin that is fast, secure, and anonymously fast, with great support from the community. I think the value of this Etherum in 2018 will continue to grow. Etherum is a coin ranked second after bitcoin in the crypto world.

I trust ethereum on that...ethereum has that capability and potential and if not ethereum then I don’t think any other coin can ever overtake the bitcoins..

In my opinion, I don't think that one day there will be an Altcoin that can progress Bitcoin in price and the market cap. In otherwise, There is a big difference between specifications of btc and the others currencies , And now the majority of users cryptocurrencies They use Bitcoin as a solution for them in  the Financial transactions, although there are difficulties in this period especially with  the price drop ,transactions, fees..
But it is certain that there will be solutions to overcome these problems, and surely
 that bitcoin will return strongly and and better than before.

litecoin can also be a good replacement, as its been a copy of bitcoin and the process will be easier too, likewise with eth much quicker compared to
bitcoin, so if payments is concerned eth and ltc can be an options.

I very often use ETH, it is very convenient for me to use it, for me this is the best alternative to bitcoin