Bitcoin Forum

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion. I have a little bit of bitcoin. I'm pretty relieved just to have Bitcoin. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

After bitcoin has been existing, there has been so many altcoins. As at today, there are over 27000 altcoins, but bitcoin has over 50% of the market dominance. Most of the altcoins are tokens on a centralized blockchain and most of the remaining are also centralized. Bitcoin remain to be like a true decentralized digital currency which is far more decentralized. I am surprised that as of today, with over 27000 cryptocurrencies, bitcoin is still at the top with none of the other coins that show any sign of overtaking its market capitalization. Although, yet not a surprise because of how the altcoins are.

Technologies involve every time and new developments always come up from time to time,  and if it is a good technical,  then the world will welcome it and it is as a compliment to what we already have that be it so I don't see any threat to bitcoin if there be any feature successful development that plays the role as bitcoin since we already have some alternatives currencies already.

Google did not replace Yahoo but then both are playing there vital unique roles,  it all depends on how you the user take them at per time and how you chose to use them and when to also use them.

How is this thread different from the previous one you made?  What if the second Satoshi appears? (https://bitcointalk.org/index.php?topic=5472835.msg63104389#msg63104389)

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At one point or another a different project will come that will give us more than bitcoin has already given and the fact that we have been in support of bitcoin does not mean when we see a project with good intentions and with actual solutions for now all that we have are just some wolf project trying to present themselves as sheeps.

Bitcoin has a network effect which the other coins will never achieve to get. In the early years of crypto, it was easier to create a natural coin distribution via mining but now it is impossible because everybody knows about crypto. Big miners will capitalize the new projects leave nothing to the average people. Bitcoin is unique that way because when bitcoin came to surface, most people couldn't understand what it is about. Some people sold their stash as soon as they they doubled their money.  No other coin will have the same natural history like bitcoin. Also remember, bitcoin is a software. It gets updates every once in a while so when a new idea appears, btc will use it as well. No need to worry about it.

Did you read?
Satoshi's lesson (https://bitcointalk.org/index.php?topic=5092492.0).

Satoshi Nakmoto Institute archives literature about Satoshi Nakamoto.
The complete Satoshi (https://satoshi.nakamotoinstitute.org/)

In Bitcointalk, you have a big list of topics on Satoshi Nakamoto.
I gathered every Satoshi Nakamoto thread (https://bitcointalk.org/index.php?topic=5271796.0).

Bitcoin  now is bigger and stronger than in 2009 and a few years after that. It does not get it after one night, immediately after the Genesis block but it gets it slowly with time.

You will understand more about it after reading The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1).

You've raised a very good question and honestly I've never thought about this before. Just as you pointed out, the world is evolving everyday, technology is constantly been improved and newer products are developed as we've seen with automobiles, television, aeroplanes etc. However, since Bitcoin came into limelight there have been many cryptocurrencies that have sprang up, claiming to outperform Bitcoin. Most of them have disappear into thin air while some of them are in life support fighting for their dear life. So what I can tell you is that Bitcoin is here to stay and there's really not going to be any altcoin that will outperform Bitcoin.

Well I noticed this same thing and that is why I decided not to continue with writing on the discussion and instead make a correction. The fact that you also said something about it means most people saw it and ignored and continued with the discussion either to complete their post count or something else. But @OP don't you think it does make sense to repeat what you have said ?

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I also observed something but I don't how clear it is to others but for me it's certainly not understandable if you have read the first post then you have to notice it too or maybe I'm the person that is not understanding the statement but let's get it clear. Or may if am wrong i should be corrected by the @OP


And you said this below in the other thread leaving me with confusion. The greed here is my problem, are you saying below that Satoshi created Bitcoin with greed or you are saying he didn't create Bitcoin with greed? This two sentences are very confusing to me. Because it breaks the rule of concord in English, and smell this to be a result of paraphrasing tools or AI.

I think the only constant thing in life is changes. As time passes by, so new technology always comes up. Other technology advancement might come up but I think It would not be in form of crypto currency or blockchain technology. Even if it's crypto currency it would only be and update of blockchain technology to secure it harder to  prevent hackers to penitrate our wallets. If Satoshi nakamoto brings a new thing I don't think it would be Bitcoin again. Looking from what he did after Bitcoin, he created Bitcoin forum to make people interact vividly on bitcoin and it's inportant and how long it will exist. If he would have created another thing that would be more than bitcoin I think he wouldn't have created this forum.

Taking about cars that wear created in 2009, if you check they are still car I don't think if there names change from car to another thing. Rather there version changed. Blockchain technology is an invention which Bitcoin has gained popularity so far and people has been grinded much on it. So I think there is nothing that shake people.

It's a bit like the classic story of innovation and progress. Just as Yahoo gave way to Google, new and improved technologies can emerge over time. If another brilliant mind like Satoshi comes along and creates a better system than Bitcoin, it's a chance for the crypto community to evolve; a win for us. IMO, the key is to keep an open mind and adapt to changes while we also honor the essence of decentralization.

it all boils down to popularity. once something new comes out, it will have to compete with BTC and see if it can topple BTC. so many have surfaced along with ETH in the past but have not been successful enough to replace BTC on top. the closest to BTC by far the difference is just the blocksize is BCH.

as of now it is only ETH that has been challenged many times that's why there are ETH killers but none of the devs are ever so crazy to claim their project is a BTC killer.  ;D

A good question indeed about if another crytocurrency were to take over from bitcoin as the undisputed leading cryptocurrency, maybe bitcoin can still have it's relevance or it'd be relegated to being called "shitcoin". I sincerely hope that will not happen, because bitcoin has my respect, as the first and most outstanding crypto that has changed the narrative of transactions from banks to DEX. Another reason why i won't like another crypto to take the lead or be in pair with bitcoin in the crypto space is because, crypto in general might start to loose value just as other lesser coins are not worth much.

We live in a competitive internet age, where almost anything is possible, technological innovations are happening everyday. Individuals and firms are outdoing each other to give better versions of their innovations, so we'll just wait and see whether any any cryptocoin can take over from bitcoin, although I won't worry myself about that now.

Bitcoin is the mother of cryptocurrency, so any other coins, even those advanced from Bitcoin, will still be an altcoin. I am talking about those creating virtual currency using cryptography. So technically, any cryptographic altcoin won't surpass or destroy Bitcoin due to the nature of cryptographic blockchain technology. But I admit there would be a new virtual currency with some other latest technologies instead of cryptography and blockchain. It doesn't mean a new virtual currency would replace Bitcoin. Both would exist on their own platforms. Both would be welcomed by digital currency users. For example, you are using Bitcoin, but you can't ignore PayPal or other digital fiat currencies. All of them exist on their own platform, which we continue to use. MFS (Mobile Financial Services) is performing well when the traditional banking system still exists.

WTF, OP? I get you are excited about this topic and want to discuss it, but making multiple posts about the same thing is a bit much.  We like fresh ideas here, not reruns.  Dont you know how to use the forum? Its like you are stuck in a loop, repeating the same thing over and over.  :D

What if the second Satoshi appears? (https://bitcointalk.org/index.php?topic=5472835.0)

Of course that is the nature of technology, some of them come and go. But so far with all the thousands of altcoins that have existed, no one can still topple Bitcoin. And maybe Satoshi was really a genius. I mean him disappearing really put his "Project" into like an enigma that up to this day, it is still the number 1 crypto and not even anyone can get close to it.

Actually there was an attempt before, and it was called "The Flippening", wherein Ethereum supposedly overtaking Bitcoin, but they failed.

And then "The Rippening", Ripple as well, but then again, their attempts met similar faith as Bitcoin didn't moved.

So still depends on Bitcoin enthusiast to make it and continue to be the dominant coin and so far all signs pointed that Bitcoin community is very strong till the next the decade.

That is why we have the altcoins market for people who are passionate to create their own coin and monetize it in a way that people would invest and hold if they like the concept and utility of the project. There are so many amazing crypto projects in the crypto market but there is no one that can be compared to Bitcoin looking at the way the system works allowing every interested investors to mine and earn Bitcoin as long as they want to be mining. Many of the altcoins we see in the market are there to enrich the dev and the team pocket with little funds for marketing to create awareness about the project.

Something better does not make Bitcoin inferior.

Bitcoin will always function as it was designed to.

And if we look at it, there are a lot of altcoins that might be better and superior to Bitcoin, like in terms of speed and confirmation times they are very quick. However, the question is, how safe are those altcoins from not being hack?

If the OP is interested, he can check this out: https://howmanyconfs.com

Most likely this is the very reason why bitcoin will not become inferior, it was designed to be robust and it is very secured regardless of the critics saying that it is very slow and not instant.

And even if we have altcoins that is near instant, no one can take the place of BTC and it remain superior.

What if there's also no technology like Bitcoin in centuries to come? Bitcoin has lived for a decade now, and since then, other technologies and altcoins have always emerged, but none have beaten Bitcoin. Defi came, NFT came, and CEfi also came but could not do better than Bitcoin. I still remember some Defi projects that I invested in, and at first they were giving me some profit, which was tagged as auto-compounding profit, which always generated more of that coin in my wallet every minute and hour. But today all the Defi projects I invested in are dead, and even their telegram groups are all dead. I am very young, and if you ask me, I would say that there is no technology coming so soon that can surpass Bitcoin; it could be centuries after I am no longer alive.

Bitcoin didn't start from superior and it started from the inferior so it will not go back again. You are something of futuristic and not present. For now bitcoin is highest. If anyone will create a coin that will be more then bitcoin then indirectly fiat currencies will be wiped away from the earth. And the coin that will come will be an imitation of bitcoin because now bitcoin is a decentralized and also if that coin will be decentralized then is an imitation of bitcoin.

You have misquoted everything about Satoshi Nakamoto. Bitcoin was not created in 2009 and only that shows that you read the upside down of the white paper and not the inside. For you information bitcoin was created in 2008 and was launched in 2009. You should go back and re-read it again for the comprehensive understanding of the white paper because for now. You are out of point.

And for your information, Yahoo is very active and from beginning Yahoo was for chatting and searching and google was mainly for searching only. At first Yahoo was having different functions than Google. It is still functioning very well. I am still using my Yahoo mail. Yahoo is serving it purpose. So I don't see here google is more important than Yahoo and all depends on the function.

If you look at the current crypto market, there are so many developers who claim to create something better than Bitcoin and what you see, of course, is just a one-sided claim (they consider themselves better than satoshi). You are wrong if you equate bitcoin with cars because that is not an appropriate equation, if car manufacturers continue to innovate on the cars they create, that means things are different with bitcoin, the number of bitcoins cannot be added or reduced, bitcoin will always be like its natural nature forever.

Bitcoin has a decentralized structure. Besides Bitcoin, there are thousands of altcoins. In fact, many coins were launched to become a new Bitcoin, but they were not as successful as Bitcoin.

Bitcoin brought a different understanding. If something new like Bitcoin is to be successful, it must come with a different understanding. At the same time, the comparison between Google and Yahoo may not be accurate. Two different companies that are successful in their own fields.

I would like to say one more thing that what you say is not possible, that is, I do not think that there can be another similar to the formation of Bitcoin and its experiences and development in the market.

As for now there's nothing coin released that surpass bitcoin itself it this could be the biggest news of all time, but currently, most of the coins created besides bitcoin or we call altcoins are still some of the follower of bitcoin price, and its feature. We know why Satoshi created bitcoin because of wanting to become transparent and decentralized if another creator offers like this I guess no most of them want to become have authority and power with the coin they've created. The reason most of the altcoins are centralized. Just my cent, if someone will offer the same as the bitcoin i guess could be another life changing.

It may get inferior but it'll remain the first one who started all this, this fact can't be changed no matter what. You talk about later time meanwhile we have heard talks of Ethereum flippening Bitcoin already.

Good. Better technology would replace the old ones, especially if it brings something new to the table and fixing the current problems. I do not see that would be a concern for the community. Bitcoin doesn’t have to be followed religiously. And an innovation being used widely and replacing the old one is a common thing. We can see it happen to many other system or aspect of technology in general.

This should not be a concerning matter, honestly. Better system that fix or solve user needs will surely be utilized more massively.

So you can imagine yourself coming up with the next technology that can pioneer and replace bitcoin. I know that's not going to happen in terms of ideas and some similar crossover is unlikely compared to bitcoin. In fact, even at the present time, there are different opinions about the acceptance of bitcoin, so don't expect too much that something will happen soon because the OP mentioned the historical development story. Then remember how long it took Bitcoin to reach its current state.

Anyway, I'm not too fanatical about Bitcoin, but when it comes to technology, I think it is currently much ahead of its time. I really feel very lucky to be people who know about bitcoin. But if what OP happens, I'm not sure I'd be knowledgeable enough to recognize it early on.

It's definitely hard to imagine something as groundbreaking as Bitcoin but you are right that innovation is constantly happening in the blockchain and cryptocurrency space. Yes, I know quite well that there are a lot of different possibilities and it's hard to predict what will actually happen if something better than Bitcoin emerge eventually. But one thing to keep in mind is that Bitcoin has built up a lot of momentum and network effects over the years. What I mean is that, even if a new cryptocurrency is better than Bitcoin in some ways, it would be very difficult for it to completely replace Bitcoin. The fact that Bitcoin is limited in supply, I think it could remain a popular store of value even if a better cryptocurrency comes along.

Even though I have learnt to keep an open mind as regards Bitcoin, I wouldn't want to give this a second thought because it is practically impossible. Are you by any chance suggesting that a new innovation will emerge that will gain the acceptance that Bitcoin enjoys? Don't forget that several cryptocurrencies have been developed, some claiming to be an improvement of Bitcoin yet the later remained unbeatable and incomparable to anything in the digital space. Well, it is good to dream but we should not put too much hopes I dreams we know will not come true.

History shows that no coin has surpassed Bitcoin, but who knows what the future holds? We should always embrace the changing times and technological advancements, right?

Some people might not like the idea of Bitcoin having competitors, but let's open our minds. Every technology becomes outdated and is replaced by something new. It all depends on society's needs and preferences for comparison. We know that Bitcoin can be used for investment and transactions, but it's not without its flaws.

For instance, you've probably experienced transactions taking a long time to process and the fees being quite substantial. These might seem like minor issues, but never underestimate them, as there are those who exploit these shortcomings. If Bitcoin does find its successor, we should be ready.

There are many factors that can be said to go beyond Bitcoin.
Like transaction speed which may be much faster than Bitcoin, privacy issues, and decentralization do not have.
Bitcoin remains decentralized and is the King of Coins that will affect all altcoins.

In the 14 years since Bitcoin was created, there have been many coins claiming that they are better than Bitcoin and even forked Bitcoin.
But nothing has ever surpassed it, coins that claim to be better than Bitcoin will just disappear and not be chosen by users.
Bitcoin remains Bitcoin and nothing will ever replace it.


But if we can think wisely and keep up with technological developments. If we find a replacement for Bitcoin and it can indeed be replaced, we must be ready.
But whether the replacement can fulfill everything that bitcoin has and is better.
Before Bitcoin is finished mining, Bitcoin will still be at the top according to the course.

Haha, Bitcoin vs Altcoins is not as simple as Yahoo vs Google, What are you talking about OP, a better-decentralized system as far I know with the existence of Bitcoin there are so many Altcoin projects, calling themselves decentralized and blah blah, on the end they were not even close to the decentralized system and Bitcoin's decentralization can only be a daydream for them.

When I was a newbie I had heard of many projects hyped by rumors they'll surpass Bitcoin and at that time I was also taking it seriously by looking at their interesting marketing tactics, time to time this happens, on the POS vs POW debates times the hot topic was after the degradation the ETH will completely suppress the Bitcoin in market capital and domaince, It almost going to be 15 years and none of the concept dared to even close up to the domaince of Bitcoin and many many 15 years will be going to be a dream for those who are waiting for Bitcoin to be down from the King's Postion.

Many speculate that Bitcoin will die and be replaced by coins A, B, C, and so on, but the fact is that up to now Bitcoin is still the most popular cryptocurrency invested by many people globally. I'm sure that there will be more better coins than Bitcoin, but will it take Bitcoin's place? no one knows, but until now people are still investing in Bitcoin, which means Bitcoin is still a favorite, and maybe it will last in the future.

I think the possibility of bitcoin being inferior is very low and other currencies will take a long time to compete with Bitcoin. Bitcoin is a very old currency and its popularity is increasing day by day bitcoin is the king of crypto will live as long as bitcoin no one can mess it up anymore. This shock has hit the economy of all developed and developing countries everyone is looking for a systematic way for coins like bitcoin. Virtual currency can be introduced in other countries in a special systematic way but no one can compete with bitcoin. Cryptocurrency or bitcoin currency will change the economic face of the world.

Firstly Op Bitcoin isn't an ordinary gift Bitcoin is a cryptocurrency which means it will always be in existence even though there is an introduction of another coin which can be regarded as altcoin. So many altcoins has been introduced since Satoshi introduced Bitcoin yet none has been valued more than Bitcoin regardless of the rumors that has been said against Bitcoin by its haters why do you think the introduction of another coin will even make Bitcoin to become inferior when Bitcoin has gained more popularity and recognition than any other coin? New technologies may be introduced but none can make Bitcoin inferior not even fiat that existed before the introduction of Bitcoin.

As soon as this new genius appears, then we will begin to look for a solution to this problem, but for now, we will probably be content with what we have. Namely, bitcoin.

You are wrong about cars. What about those released 50 years ago? I'm talking about retro mobiles. Most of them are more expensive than new cars. These cars can't compete with modern ones in speed, comfort, technology, etc., but note that these cars very expensive. Think about it.

Faster, more technologically advanced and more modern are not always better for society. Some public consensus is important here. Bitcoin is recognized as number #1, flagship, symbol of cryptocurrencies. Everyone wants to own this, not some shitcoins. Even if what you described happens (a new genius creates a new brilliant cryptocurrency), bitcoin will still remain what it is now. This is not just cryptocurrency, it is the personification of all cryptocurrencies.

In terms of network and how it works, there's not much improvements but given how there's already a lot of developers that have been trying to solve what bitcoin lacked and still not get the same result that bitcoin have shown through the years and even if there ever is a crypto that will beat bitcoin in terms of technology, no one's going to beat bitcoin when it comes to being a pioneer and being a solid investment plus you also have to consider that when it's cryptocurrency related, it's always going to be bitcoin that many will come from their mind first more than any other cryptocurrency out there so in terms of superiority, I don't think that bitcoin's going to be beaten by any even if they say they've got a better technology than what bitcoin has because they lack bitcoin's prestige and notoriety.

No one can beat what Bitcoin achieved especially Satoshi. He is the only creator he didn’t cash out his holdings and let the community decide for the future development that makes Bitcoin the true decentralized blockchain. I believe no project can beat that since most of the project main goal is to gain profit especially for its creator.

There’s a lot of blockchain that has a better performance than Bitcoin yet no one has the feature of being real decentralized since most of them have DAO while the team or VC holds the majority of the tokens to manipulate the development of the project while Bitcoin is pure community driven project.

Your sense of reasoning is high, your assumption is right,  I know many will not agree with your saying but it is the very truth. Anything can happen and the former superior can later become inferior. Life is full of change that occur on daily basis as humans find better way of doing things. If it happens that bitcoins is about to go inferior, the new technology will have to compete until it overcomes, which will take  a considerable number of years, this will give bitcoins investors the chance to take their decision on which side to belong

Bitcoin has been dominating the crypto market for more than a decade, so I see no reason to believe that it's going to change any time soon. Bitcoin isn't losing dominance over time, and its closest contestant, Ethereum, is nowhere near it. Sure, hypothetically, at some point, there can come a more attractive currency that might beat Bitcoin, but it's going to be really hard to do because of the sheer number of altcoins as a widespread dismissive attitude toward them. In any case, if that happens, one can choose to remain true to Bitcoin or to sell Bitcoin and switch to the next big thing. So it's not really a problem.

OP, I love you reasoning, but you have to know that the technology behind this Bitcoin is high, if another person comes up with another idea, people weigh the value of a while and decide the one to go for, but for now we have Bitcoin which is the highest rated cryptocurrency, if this come to existence people will be left with options either to continue with bitcoin or dump it for the newest option but for this to happen, the new one has to higher in value and price more than bitcoin.
Op, we have to be realistic I Don't think that any cryptocurrency will ever be valued more than Bitcoin instead of this to happen bitcoin will continue to rise, Bitcoin has proven beyond reasonable doubt to be the best among all.

Take a look at the last decade pal, there have been “geniuses” who have tried to replicate Bitcoin even from the early days, a good example is Bitcoin Cash. It was speculated that BCH was going to be new Bitcoin, people bought Bitcoin Cash believing it was the better version of Bitcoin and today we can all see how wrong they were. Many coins have been forked from Bitcoin but altcoins can never be the same as Bitcoin because the creators of these altcoins are solely in for the profits.

Who said he did not keep anything for himself because he also has many BTC in his holding and those BTC are around 1.1 million in BTC. These numbers are not small, so I don't think it would be nice to say he did not keep anything for him. Like you said, he did all this without any greed. There is no doubt in it that he was doing all of this without any fixed incentives, like if he made BTC or blockchain, he would get this $100k amount in fiat. No, he was making efforts, and if they worked out, which they did, he would be a billionaire at some point in time.
This question has already  been asked before (https://bitcointalk.org/index.php?topic=5472835.msg63104389#msg63104389), but my answer will remain the same: even if new geniuses come up with another BTC, let's say BTC version 2, would people adopt it? Yes,  they will, because airdrop hunters are always in search of new projects and they will not let this opportunity go to waste.

They will spend money on it, and there is no doubt about it, but BTC V2 cannot compete with the BTC we are using now because all the hard forks of BTC, like LTC, BCH, etc., are better than BTC, but why are they not overtaking BTC?

Bitcoin is not like other innovations, it's type has not been built ever since it was created because as you said, Satoshi built it with passion without aim of profiting from it but today, look at the market, all the coins and tokens that are been listed are profit oriented, the teams behind it has tokens set for themselves, did pre-sale, public sale and all sort of public funding to raise money just to finance them but bitcoin is difference, no greed people around even the 1M bitcoin Satoshi left to himself is yet to be move or touch a single penny from it.

I'm not underestimating how innovations changes with time but I'm just saying, if there is going to be another coin like bitcoin, the founders and developers has to do something extraordinary and encouraging the people but I don't think it might be fruitful to outshine bitcoin. Even bitcoin is not relaxing, the developers behind it are also working everyday to improve and scale it in other to boost, security and decentralization, other coins lack this 3 aspects altogether.

Ultimately, I don't think that's a bad thing.
I mean, if we had another coin that has all the wonderful features of Bitcoin and even better, it would be to our advantage. If all these altcoins we have around were like Bitcoin, I believe the cryptocurrency industry would have developed more than it is today.
We are using Bitcoin today and we believe it's the best version of itself, but I believe it can get better, even if we haven't seen it.
People who used sophisticated inventions in the 19th and 20th centuries thought they were using the best version of those inventions, but today those inventions have been updated and are better. For instance, people who used computers in the past decade. The computers we use today might be obsolete by the next century.
Technological advancement is not a bad thing. The good thing about Bitcoin is that it was built to evolve, it was built to grow so it's difficult for it to be obsolete , sobefore something can be better than that, it has to be a very sophisticated invention and that's an advantage to us in my opinion.

This is not new for bitcoin. A lot of potential projects are born in the market everyday but until now, not any single project has replaced the position of bitcoin. That is the same with the situation you have cited OP. It's not actually a threat for bitcoin if something new better has come up, because the real challenge is if that project will come to conquer the crypto market for more than a decade just like bitcoin did. Of course, there will be higher potential coins that will arise in the market that has better innovation compared to bitcoin, but the problem is if it will get bigger market demand higher than bitcoin since we all know a king will always be a king, and bitcoin will always be the lifeblood in the crypto market ever since.

I am always open to the thought that bitcoin might gonna be replaced in its position in the long run, and that there's nothing constant but change. But seeing the type pf coins that have been rising in the market, I guess bitcoin has nothing to worry because these new type of coins are nothing compared to bitcoin. Most of them are just too good to be true projects that are obviously formed from the image of bitcoin but fail to prove their worth and validity in the long run and just vanish like thin air. So what we can expect from them are just nothing but an illusion to outperform bitcoin.

Bitcoin might be outdated in the long run when compared with these new high potential coins but as long as the market demand is high, bitcoin will always remain on top of other cryptocurrencies.

Remember, Bitcoin is a technology, it is compose of codes which can be modified and upgraded.  It is wrong to compare Bitcoin to physical car since physical car has its limitation and needed to create a new one to go and par with the technology advances.

There will always be a creation that will make other creation obsolete but good thing with Bitcoin is that it can be upgraded according to the current need.

I don't really know what op really meant by that words but I think it is the wrong words to use. There is no matter Bitcoin can ever become an inferior cryptocurrency looking at how it had started and where it is going. There is no crypto projects that can be compared to Bitcoin whether it had been launch or going to be launched the future. Bitcoin had full control of the crypto market and there is no way a new coin will come up that would have effective dominance in the market than what Bitcoin is doing. We just have to keep buying and holding Bitcoin for as long as we want to looking at the future of Bitcoin.

  If there is a system that is more than Bitcoin, I am pretty sure that in less than 24 hours it will be reported immediately on any broadcasting news company or any social media platform. But we haven't heard anything like that, right? It means that nothing is better than what Satoshi thought about Bitcoin, which has been known for 14 years now.

  Many have imitated the style of Bitcoin's system, but they still haven't really imitated the concept and features that Bitcoin has until now. Why? That is because of the pure decentralization that it has, which is why it cannot be controlled by anyone powerful in the whole world unless you have it because only you have the authority to handle it because you have the seed, private key, and password.

Yes, your point is also correct that you said that we are living in the competitive internet age, in which almost everything is possible, but I have a question: do you have any evidence to confirm that any coin can take over Bitcoin or be more valuable than Bitcoin? So far, we have not seen any other coin that has the potential to take over Bitcoin. It is clear that each coin has its own merits and use cases, but it will not be appropriate to compare these coins to Bitcoin or consider them more valuable than Bitcoin because these coins lack the qualities that Bitcoin has, such as being immutable, high value, high volume, etc. So far, no coin has done this like Bitcoin has.

So I mean that bitcoin is the supreme of the cryptocurrency world and no one has the competency to bow it down.

For now bitcoin is the king of all cryptos, but we don't know about tomorrow, because before the emergence of bitcoin, i believe that we only had fiat as the only means of currency payments, and for currency trading purposes we have the forex market, that is also fiat. Then bitcoin came and changed the narrative, by introducing digital currency that is decentralized. So maybe one day a better version of bitcoin, that we have not imagined today, can be created, to put bitcoin in second place or even put it in the level to compete with altcoins. We're just analysing future events that can happen in the crypto space, but unarguably for no was we have said before bitcoin remains the cryptocurrency to beat.

Competition is good for crypto coins, so that developers can go to work on how to unseat bitcoin, it's all about innovation.

Even Bitcoin is 14 years old and since the beginning of Bitcoin there have been many other platforms that have tried to displace Bitcoin, but in the end, they will only be defeated by the power of the community and they cannot match what Bitcoin has.

There are more versions of Bitcoin that have emerged since its inception, but they have not made Bitcoin lose or even be eliminated.
Perhaps the strongest to date is BCH, but BCH is also a derivative of Bitcoin, so what does it want to prove that it is better than Bitcoin?

Bitcoin remains an invincible digital currency and continues to use the PoW network ecosystem and will never change, because it will maintain Bitcoin's decentralization.
Unlike other Altcoins that change from PoW to PoS networks.

To be able to compete with Bitcoin, developers must be able to create a new ecosystem that has never existed and not take advantage of what Bitcoin already has.

If it is a different projects entirely that is been created by that new genius, then it's likely to overthrown Bitcoin, but in as much as that new project to be created is still crypto, I strongly doubt if there will ever be any cryptocurrency more advance and more useful than Bitcoin itself, because as long as the word "cryptocurrency" Bitcoin remains the number one decentralized digital currency in the entire universe. So henceforth, the earlier we understand that there can never be any cryptocurrency more popular and useful than Bitcoin, and start investing in it now as an asset for our tomorrow, the more better for us.

THere is no second BTC, or something better than BTC. There are a lot of different projects, a lot of them are scams or just shitcoins, but there are also some good ones. But none of them provides as much freedom as BTC gives to you.

It seem almost 15 years ago bitcoin was invented till then now No cryptocurrency has been invented that can be compared to Bitcoin. Now here the question you have raised I think it's one kinnda illogical for me. Even then nobody can say what's going to happening on the future. But if I talk about Bitcoin it is the revolution of cryptocurrency journey starting so I don't think in future any other invention that can be compare to Bitcoin.

The advantage of bitcoin over alternative crypto currencies is that it is highly decentralized. Let's take any other crypto currency. They all have commands and so on. After some time, the team disintegrates, someone leaves the team, and the project begins to have problems. They just create a project to sell their coins/tokens and earn money. More than 90% of projects are just a money-sucking scam. They show only one cycle of price growth. They know when a new growth cycle begins, they close their project and sell off their coins/tokens at the heights. For the next growth cycle, the project no longer shows strong growth. New projects are just coming out that repeat the same story. This is a load cycle. We have to fight with this somehow

Satoshi's works reflect his passion for financial system transformation. Owning Bitcoin is like owning digital history. The technology world evolves like nature. Its important to remember that being first doesnt mean you'll be around forever.

Bitcoin follows this innovation rule too. It pioneered technology during a financial crisis and lasted for a decade. Technological longevity frequently depends on flexibility and evolution. When a better system emerges is the question.

Belief is key. Why are vinyl records still popular while streaming is king? Pioneers are valued intrinsically. Bitcoin, born at a crucial time, has a popularity that goes beyond technology. If Satoshi's brilliance and enthusiasm inspire a new system, it may not simply be superior technology, but if it can get the same trust and following as Bitcoin.

If the world stops evolving and technology stops evolving then I will agree with what you are saying.  but if this world continues to develop, it is very normal and natural that there will be new inventions better than bitcoin.  we are bitcoin investors and we love it, but don't be stubborn and think that nothing can replace bitcoin.

But I think it won't happen soon because fiat has dominated for thousands of years and until now, bitcoin was invented to help us get rid of dependence on fiat.  so to have a better product than bitcoin, it takes a lot of time, it will not happen in the near future.

ive seen lots of people speculating why bitcoin is still number 1 when there are better altcoins and time and time again it has been answered

it’s because bitcoin has already established its name that even if there are better performing altcoins, investors still choose to proceed with the safe and sure choice that is bitcoin

maybe someday there will be a new coin that will be good in all aspects and will build its name and maybe overtake bitcoin but for now and in the next few years i dont think we have to worry about that

I do not think that Vinyl is as popular as we think it is, but yes you are right, we do have streaming as an option and yet some people still prefer it, but most people still stream, and by a big margin of difference. I think bitcoin will not be like that, it will always be the most used and loved one, that's the important part.

I understand that it may not be all that better compared to when it started and has to improve a bit, specially on the transaction fee part of it, but I do believe that it will stay at the top without a doubt. That's not because it's the best, I wouldn't say bitcoin and its blockchain is the best, but that doesn't mean that it will get lower, even while being inferior, it will always stay at the top, that's how bitcoin is and will stay forever. I believe that the best thing we could do right now is to make sure that we keep it going as long as possible and we just keep investing into bitcoin like it is the latest greatest thing ever.

I believe firmly that in the future a cryptocurrency powerful enough to take bitcoin's top spot is going to exist. And if it doesn't come out yet then that just means the world isn't ready yet. Bitcoin is great and all but it's so linear when it comes to use-case. You can only use it as a store of value, and as a way for you to transfer funds overseas which is something that most cryptocurrencies in the market could do anyway. So I say I'm pretty positive that bitcoin will be overtaken by a much more powerful crypto in the future, and that's okay. For instance, it means that the industry values innovation more than tradition, which could mean that crypto's future is going to look bright, another benefit we could take from this is of course, more chances for newer sets of crypto millionaires. See, we could only gain positive shit even if bitcoin does get to that point. Which is something that amazes me.

It is not easy to consider Bitcoin to get inferior, I understand  a particular transaction a few years ago, at the early life of Bitcoin, it was somewhat forked or something of that nature and millions of coins was created and immediately Satoshi and team worked to remedy it.

Those kind of attacks would have made Bitcoin to be considered an inferior but it has been remedied, it therefore says that it is not easy to have bitcoin as an inferior.

This kind of thoughts are quite common, it could be the case, indeed, but it would be very difficult to replicate something like bitcoin... we will see, but it was so well thought, that it might be worth it to expand on it instead of looking for alternatives

I have always left in the possibility of bitcoin becoming an inferior coin and have always been on the lookout for such.  I think that it's entirely possible that bitcoin become a "lesser" coin, but I honestly don't think it's going to happen, or happen anytime soon.  The beautiful thing about the bitcoin blockchain is that it's programmable, and that changes can be made to help it keep up with new and innovative ways to run the blockchain.  Otherwise I would say there's no question that bitcoin becoem inferior to another plan.  Bitcoin also has the "first mover" advantage and that goes a long ways.

I don't think there will be a currency to beat bitcoin. Bitcoin is emerging as a cryptocurrency with a rapid growth potential. Bitcoin may combine to spell out a bright future. As Bitcoin's unique qualities, its software variants, and new ideas emerge, BTC's update features essential data as a modern currency. While some alt coins have gained popularity in the market, Bitcoin price is out of touch. All alt coins in the market are priced based on the valuation of Bitcoin. In that case there is no question of comparing any coin against Bitcoin. The Bitcoin alternative itself.

Thats one of the strong components of Bitcoin - community and the consensus which goes with it.

So in order to beat Bitcoin a new project has to come up with something which is securer than Bitcoin,
is open source, decentralised and has the backing of firstly: Miners, Node runners and finally the
acceptance of those who are willing to accept its protocol and then to ditch Bitcoin which is PROVEN
to have all the above for something which may or may not work.

Bitcoin has history, has never been broken/hacked/successfully attacked.

Up to now, there is still no project that can defeat bitcoin, not because the bitcoin community is so strong and ready to stop those who want to defeat bitcoin. We are all perfectionists and would gladly leave bitcoin if a better project came along, but so far there is no project better and superior to bitcoin. Most projects are created to make profit, while bitcoin was not created for that purpose in the first place. So there will be a huge difference that leaves bitcoin with no real competition. Bitcoin was created to provide and bring solutions to us through its decentralized, privacy-focused features...Meanwhile, other projects only focus on profits and profits, and to do that they mainly pump and dump, they do not bring any practical utility. So, it will not be easy for us to have a better project than bitcoin appear.

I also would not be surprised if in the future a better currency than bitcoin appears and threatens its top position, as we live in an extremely fast-paced world. But what more can you expect when it comes to bitcoin's use cases? Nothing in this world is 100% perfect and we need to be satisfied with what we have. We cannot demand that everything be truly perfect when we ourselves have many shortcomings. Furthermore, there have been millions of altcoins created but none of them can threaten bitcoin so I don't think that will happen anytime soon.

The reason why other altcoin can never be as bitcoin is because they are just imitation of bitcoin,  trying to be like bitcoin that is why most of them ends up becoming a failed project. As far as a new innovation is trying to have the features of bitcoin,  bitcoin will always surpass it.
If their will be a new innovation that will be better than Bitcoin I won't be surprised because the world is evolving,  technology is advancing it is possible to have something as good as Bitcoin if only creating it will be in a different idea and not as that of bitcoin.

To that person, give praise if the system created is truly superior to Bitcoin created by Satoshi.
I will do it if in testing it is able to survive more than the time predicted for Bitcoin initially.

Tens of thousands of coins came after Bitcoin was created but none could be like Bitcoin. Bitcoin one (BTC) is not as many types as altcoins. The maximum total Bitcoin is 21 million. Unlimited altcoins.

I came to believe that first inventory (s) always remains the most reliable and quality in reputability. The phases of the initial inventory (s)  is where alternative inventories are emulated and there proffers tendencies of counterfeits of analogous
This is exactly why since Bitcoin has been a grassroot of crypto, other coins are termed AltCoins (alternative coins) meaning there are still choices after the principal.

However, I am glad that someone could have such state of thought in mind and then, I would appreciate if you can go through this recent thread I make from my local board that stresses about "The wonders, worries and how I feels about Bitcoin in general".
Read on @ https://bitcointalk.org/index.php?topic=5473557.msg63132919#msg63132919

We have had countless of genius like satoshi and even smart individuals but you need to know that cryptocurrency revolves around security, decentralization and speed. Bitcoin obviously has decentralization check and confirmed, it has one of the greatest security in its blockchain but has an average speed, it cannot compete with the likes of Visa transactions that can process thousands of transactions per seconds. But that has not limit Bitcoin development, it speed has been scaled to layer two solution which have the three but it is a base layer of Bitcoin, this is to say that bitcoin is improving everyday.

Other cryptos that we have had today also build around decentralization, security and speed and despite the magic they have used, nothing has been delivered because you can't have this three working perfectly together, one has to be compromised to get others working perfectly. If you don't let go of decentralization, you have to let go of speed or security but doing so especially security will is a disaster. No blockchain is superior to bitcoin in anyway, that is why they never thought of how altcoins that we have today, bitcoin remain the best of best.

If it is not create by the government, it will pass through the same phase to grow into what is known and used as bitcoins and it will still experience rejection for a while, but by then bitcoins must have been at its best. Most of the creators who are trying to create something better than bitcoins have not been able to yet, because they have only been able to create more altcoins. Except it is another financial system, Bitcoin will always remain the number one in cryptocurrency.

For now I am not interested in having another technology, I like this one more because it does not depend on anyone, any type of government, or banks, I doubt that they will make another technology like it, because if they do it would be created for other purposes, if they enter only an elite group and only they can control it, in the meantime, bitcoin is just one of the things that continue to be so great, things will always be very good so that bitcoin continues to grow and not be controlled by anyone, that is the best and What do I like the most, for that reason I believe that things are always good, I personally will always see bitcoin as one of the best forms of Investment Above many others.

The normal analogies of first mover companies being beaten by later entrants (Yahoo vs Goolge in your post), or cars as you mentioned is a false analogy. Money doesn't get worse like a car does over time. Nor is Bitcoin a company that can be outcompeted by a newer company.

Money is a totally different thing. And the thing that makes Bitcoin unique, more so than just its actual payment processing tech, is its security, decentralization, and network.

Sure it is possible someone in the near future formulates a totally new design to a digital currency that is vastly improved over Bitcoin including security, decentralization, and efficiency. But why worry about that? Do you think people for thousands of years worried about Gold being replaced by some other metal? Also, bitcoin is code, and it can keep being improved.

And how many times have we heard people claim the solved the problem of decentralization and efficiency? Hundreds at least. And not once was it actually solved. Doesn't mean it won't ever be solved, but if it ever is, by that time Bitcoin will likely be a network of billions of people so I wouldn't worry about some new upshot money technology competing with it in the decades to come. Just enjoy the fact that we now have the best money humanity has ever created and we live in a time when most people haven't even realized it yet so we are early to the party.

In essence, Bitcoin will be invincible as a system that uses peer-to-peer technology in its operations without a central authority. Even if someone else finds a system that is more powerful than Bitcoin, Bitcoin will still be different from the great system that person discovered.

A number of coins that already exist in the crypto space numbering in the tens of thousands with systems designed with their respective advantages cannot yet compete with the greatness of the Bitcoin system.
Without Bitcoin, all these types of coins would not exist. Bitcoin is the best even in the future.

I think I will ask you back this same question because the answer is pretty obvious. I believe as humans we are all looking for that technology or invention that will further better our life and that is what we we have been doing through out all our stay on earth from the evolution stages you would see this clearly. Technology has been of massive impact to the lives of humans and I doubt if there would be rejection if another person with better motive create a tech that is better than Bitcoin. But there is one problem people will not just started adopting since there would skepticism to well it is over Bitcoin so it would have to speak for it self just as Bitcoin is doing over the millions of other cryptocurrency out there.

enough of the what if this or what if that kind of question. What if it doesn't happen? The truth is that change is a normal occurrence and if it makes things easier and provides a better way of doing things, I don't think a wise and reasonable person will close his eyes to such changes. No one is saying because bitcoin is the first cryptocurrency no other cryptocurrency should exist. You should know that there are many altcoins here and there and no one is condemning or wishing it bad but it becomes bad and seriously unnecessary to want to suggest that bitcoin should go into extinction before there is a high probability of a new technology that will replace or become better than bitcoin.

Bitcoin is king.

I believe your type of thinking is also that of the government, they also think that nothing can be better and threaten their fiat because fiat has also dominated this world for hundreds of years. But then bitcoin appeared under their contempt until they learned that it was completely superior to fiat and it was too late to stop it .

Our world is constantly evolving and better things will always appear with time. Many bitcoin maximalists are more crazy about bitcoin than their god , but they also need to accept the fact that anything is possible. Satoshi is not the only genius in this world, and we should expect and embrace the world's development instead of expecting it to become obsolete.

Change is a constant thing in life and as time passes we are likely to witness technological advancement but no one knows for sure when that will happen. For a new development to emerge and surpass bitcoin then it would have to make use of a different technology other than cryptographic blockchain technology else it would just be seen as another altcoin and I don’t think there will be any altcoin that can surpass bitcoin. If eventually there comes a new technology that beats blockchain technology and is also aimed towards improving on the bitcoin function of decentralization, anonymity and store of value then it is a good thing for cryptocurrency community but it doesn’t mean bitcoin will be forgotten, the two can exist on their own and it will be a win for us either way.

I don’t think this can happen anytime soon but if in the future it happens we would welcome the new technology if will actually serve us in a good way.

It is good to hear about your deep dive into Satoshi's posts and your admiration for his passion and contribution to the creation of Bitcoin. There is no doubt Bitcoin has  made the way for blockchain technology and decentralized digital currencies it is good to remain open to innovation and progress.

If someone develop a system that surpasses Bitcoin(which is quite impossible in my point of view) in terms of performance decentralization and other key aspects it will be an exciting development. The beauty of technology is that it always be advanced  just like  Yahoo was surpassed by Google it is possible that a better system can come in future again.

So if a new genius with a passion for decentralization and innovates a superior system it will be an exciting opportunity for the cryptocurrency world.

First of all you need to find someone who is willing to give up for free his creation, like Satoshi did. Then you need to build a community that actually believes in your product and understands its value. Doing the same thing that bitcoin did is not easy at all, it takes a lot of efforts, sacrifices and time. And especially becoming so decentralized like bitcoin is another extremely hard thing to achieve. Sometimes I feel like people really underestimate bitcoin.

BTC will never be inferior.

Change never stops! Yes, no altcoin can surpass Bitcoin," Why are you so sure Bitcoin is best? Blockchain, the cornerstone of Bitcoin, changed financial transactions, but is it perfect? Every giant has a competitor, history indicates. What if blockchain is replaced by a superior technology? While rooted in current patterns, your view seems to neglect innovation's relentless march. Cryptocurrencies evolve constantly. Bitcoin's privacy, decentralization, and value storage are impressive. Assuming it will always reign overlooks human innovation. Bitcoin fans and global financial systems will benefit from your claim that the new technology improves these crucial qualities. Bitcoin and its successor may evolve together digitally. We should adopt new technology if it benefits us, as you say. Keep in mind that development often removes the old without our consent. Can we adjust if this unforeseen technology miracle occurs sooner than expected?

Don't worry Mikko Hyyppönen won't let that happen. He claimed to me to be part of the Bitcoin inner circle along with all the cypherpunks like Nick Szabo etc. Unfortunately this entire forum is run by people who wish to keep his involvement a secret as well as the rest of the cypherpunks who secretly run this forum.

the valuation of this technology will be determined in the years to come if some people are still not believing that this tech has value already in the market. there is corresponding value already and yet many people don't believe in this tech. well, it is not a loss for those users who are already in here.

When someone says that the price can go Down , I Accept it , it is within expectations, now if the expectations are that the maximum will be reached at this time in 2023, or by 2024 or the end of 2024, I could not say that things are going well as they should. be, but I am sure that when I talk about many things and ways of seeing this, you can think that most of us think that Bitcoin can even Reach $50k from everything that has been seen, it is good and valid that the opposite happens, It is something that we can all see coming , but I don't see that there is another way to look at this , it may go Down , but I don't think it will be that  much.