Bitcoin Forum

Was just thinking and would like to know everyones thoughts.
This is just a fun debate. Nothing serious.

Would it be right to call Bitcoin and Litecoin the crypto equivalent of what Nokia was to the mobile phone market.
At the start, Nokia was the pioneer and innovation behind mobile phones.
However, after a long dominant streak, Apple and Samsung have outgrown what Nokia was and have dominated the market.
Could the same be true with BTC and LTC?

They were the founding cryptos. These other alts don't offer much competition. BTC and LTC will for the foreseeable future remain on top.
However, what's the likelihood of a new alt slowly growing and ultimately succeeding both BTC and LTC?

If so, when do you see this happening?

Just some weird thought a guy riding a unicorn on the moon told me ;)

Bitcoin != Nokia

Paypal = Nokia

Oh hold on: Dick York, Dick Sargent, Sergeant York... Wow, that's weird.

Bitcoin is the mobile phone. Bitcoin is a technology, not a company.

Everyone who made analogy such as Altavista/Google, Myspace/Facebook, or that Nokia one, failed to understand that Bitcoin is a fucking technology. Bitcoin is like the Internet, the mobile phone, the automobile, the electricity, the fire.

While bitcoin may not be a Nokia, it sure as heck could become a blackberry if it doesn't evolve.

I'm puzzled as to how the core BTC team sees Bitcoin working for most transactions. Last I checked I didn't have to wait 10 minutes at a convenience store for my Visa to pre-auth.

Many altcoins (Litecoin included) try to address this slow confirmation timeframe.

As it currently is, a Bitcoin is a better ACH not a better Visa.

Assuming that your analogy is correct, which my opinion is that it isn't, I certainly will not tell anyone if i know when or who is going to replace Bitcoin.

So what is Litecoin or any other alt?
There can't me multiple technologies all serving the same purpose.
Bitcoins concept is the technology. It's being used by other cryptos though.
Only a few can dominate and all I'm saying is that could bitcoin be overtaken by something it indirectly created?

Bitcoin is TCP/IP, LTC is UDP, other altcoins are other protocol.

95% of internet transmissions use TCP/IP, 5% use UDP, other protocols are basically not use.

A protocol is a technology that can be easily amended and improved, but it's also a technology which derived its usefulness from the number of machines using it. Even if you create something vastly better than TCP/IP for conveying data to other computer, good luck trying to overcome TCP/IP which is used basically by every computer on the planet.

Definitely will happen but not in those black and white outcomes, a better comparison as a breakthrough innovation are Tesla cars in the automotive industry, as improvements and updates are pushed real time to adapt.

When we start running out of bitcoin addresses, we are going to need to switch to Bitcoinv6. There will be enough addresses for every atom in every neighboring universe on every possible dimension. ::)

I don't think you quite get what in saying

if (Nokia != Finnish) then {Nokia+Apple=Heartvoice(); Nokia+Apple+Facebook+Google=HandsDigiPhotocopiesBills(); Nokia+Sony+Twitter=GSR24h7();}
else {--mymondex; ++RANDtwofactorauthentication(yahoopipesLabVIEWdynamicpassword)};
return mymondex;

//I am sure I am missing some bits of nonsense. That's why people hate F++

Fast "plastic card" type BTC transactions could be done off the blockchain and fully confirmed asap.
The card provider would take the risk and charge fees lower than standard credit cards, but high enough to make money.

Something like the above is very possible.

Mt gox = Nokia

Mt gox failed miserably and now its time for a new and improved model. 

Bitcoin is the underlying protocol for money and permanent public record. 

/thread

Amid falling sales, Nokia posted a loss of 368 million euros for Q2 2011, while in Q2 2010 realized a profit of 227 million euros. On September 2011, Nokia has announced it will end another 3,500 jobs worldwide, including the closure of its Cluj factory in Romania.
http://en.wikipedia.org/wiki/Nokia#Loss_of_smartphone_marketshare

On 8 February 2012, Nokia Corp. announced 4,000 layoffs at smartphone manufacturing plants in Europe by the end of 2012 to move assembly closer to component suppliers in Asia.

On 14 June 2012, Nokia announced 10,000 layoffs globally by the end of 2013[139] and shut production and research sites in Finland, Germany and Canada in line with continuing losses and the stock price falling to its lowest point since 1996.

In total, Nokia laid off 24,500 employees by the end of 2013.

On 18 June 2012, Moody's downgraded Nokia's bond rating to junk.


Nokia also sounds like a big basket of Cryptsy alt coins.

no thats probably not the greatest analogy.  Sure bitcoin could be replaced someday but Bitcoin is closer to an original iphone than an original nokia.  Its a game changer like the iphone

It seems like you put a bit of effort into this analogy which puts your intelligence into question.
Sorry.

He said "just a fun debate. Nothing serious"
Which puts  your attention to detail into question.  :P

My opinion is that the Blackberry platform, or perhaps the Nextel platform should be a good fit for a btc to btc API via walkie talkie. Perhaps.

I go with:

Blockchain technology is:        network interface
Crypto-Finance is:                  IP
Cryptop-Currency is:              TCP/IP
Bitcoin (as a technology) is:    HTTP
Bitcoin Companies then are like Altavia, MySpace, Friendster, Google, ...

Bitcoin can be replaced by HTTPs and SDPY medium term, but some people will stick to HTTP, so it wont be gone 100%

LTC is nothing and has no future

vertcoin = google in 98

Vertcoin might be Google in 1998.

Or Darkcoin might be...Or Quarkcoin might be.

Time will tell.

Bitcoin as a technology is protected by its strong network effect and the collective faith of everyone involved in this industry. To be replaced would require a vastly better technology to be developed, with features Bitcoin was unable to replicate. This may happen one day but probably not for a long time.

No the underlying concept is the technology, bitcoin is just a brand like nokia.

yup nobody cares what you think.

Hahahaha.

The internet is a fun place.

i think so.

The thing is you don't.
The chance you can double spend with a cellphone is almost none.

It's no different than giving a counterfeit bill, gas stations don't close shop because they might get a fake bill do they?
No, you just look at the transaction time, then the camera, then bust the one in a million guy who can double spend and send him to jail for theft.

Because today most of the people know just about currency like in the old days Internet was equal with email to many people (for some even today). It's not their "fault".

- Bitcoin and Litecoin are not companies

- I will definitely consider buying a Nokia phone if they're offering a phone that is running free software (I just returned a Nexus 5  and my experience with Apple products was more than just disappointing)

Wat? Nokia once owned Trolltech (Qt Development Framework) and was founder/owner of once widly used Symbian OS (which is also open source).