Bitcoin Forum

 Just wondering why. Do you have a clue to that ?

I think that,
if there are no significant developments in the bitcoin capabilities,
will be only a matter of time...
just look at bitshare, rhousand of transaction per second and very very fast confirmation...
etherehum.. if fix his bug fast. could be a really goog coin...

Most of the other Alt coins are simply Pump n Dump schemes and even if they are not, most people see them as a scheme. There are also no significant change in the Alt coins for people to buy it. The

coins that are making it, are the ones with some unique features. We have seen too many of these coins going scam, to even consider it as a viable investment option. We now trade in and out of these

Alt coins, but then back to Bitcoin to secure the profits.  ;)

It is more of an altcoin discussion than bitcoin. And secondly answer is quite easy - because bitcoin was first cryptocurrency and everything developed later is based on it in some way.
Plus, bitcoin had something that can't be replicated - almost ideal initial distribution, when initial BTC was worthless and over time people noticed it potential.
You can't replicate this, because every altcoin is created with expectation to be worth something - and you can't impose artificial price.

Very simple question with a very single answer:

1) Bitcoin is the longest surviving chain, this makes investors feel safer
2) Bitcoin has the best developers
3) Bitcoin has the strongest network

That's all.

Overtaking Bitcoin in what way? As a currency? Really hard to happen. As an application-specific platform, it is definitely possible and happening at the moment (Ethereum, Maidsafe, etc.) but it remains to be seen how well these "appcoins" do. Time will tell.

you can make altcoins a million times but what none of them are gonna have is the trust that bitcoin has earned. it's been working almost perfectly since the moment it was created. no down time, no contentious forks, and it's been proven by people actually using it. there ain't another altcoin that's using a fraction of its capabilities so there's no real way of knowing they can take it without risking your money.

all the tech in the world don't mean shit if people don't trust it.

Bitcoin is King will always be numero uno, that's the way it is.

Because bitcoin is amazing with it's PoW network. I think AppCoins have a chance of getting a bigger marketcap and user base than bitcoin. Bitcoin will probably remain and start being used by new users of AppCoins because of blockchain length and PoW security.

Alt coins are faster and can handle more transactions, so why is BTC still at the top.

Legacy Hype, it was the 1st popular one and with being first has the current lead on Crypto to Fiat Conversion Gateway.

Now that Coinbase has added LTC, this lead will begin to diminish with every passing month.

Reason is pure economics.
Now that LTC can act as a Gateway between the crypto & fiat , cutting BTC out of the Game Completely.

Due to it's faster speed and lower transactions price , it will be in higher demand.
With BTC, I can send $4 worth of BTC, which is 0.01 , but my cost to send it , is .0004 (23 cents)
With LTC, I can send $4 worth of LTC, which is ~1 LTC , but my cost to send it, is only 0.00010000 LTC (not even a Penny)

You can send BTC, because you believe the hype,
but poorer people & smarter people will send LTC because it will cost less and is faster than BTC.

Hype takes time to fade, but BTC Hype will fade with every passing month,
as economics make the point clear to everyone.

 8)

FTFY.

I can't think of another altcoin that has a reason to exist.  Some of the newer ones claim to have features that bitcoin doesn't have--smart contracts and all that--but time is going to tell whether that's true or not.  All the ones that clutter exchanges like Yobit are absolute garbage and exist(ed) only to enrich the developers.  Pump and dump all the way.

Bitcoin has the brand name.  It's like Coke, and all the other shitcoins are like store brand colas that taste like shit.

No altcoin has improved on Bitcoin.
Copying the concept of "Block-Chain" is not innovative new features.
Then adding ICO's make it far more scammy and pointless.

Why does a digital currency have to have a block-chain ?
think about it..

This is my theory exactly... and when they include LTC as an option for the CB wallet service (in 2 months) it will continue it's domination. I wonder what 9 billion will look like sliding into a coin with a 180MM market cap? ROFL... the green dildo we saw on MTGOX with the USD/BTC pair will be nothing compared to the BTC/LTC pair. Takes days/weeks to move dollars into BTC in any sort of significant matter, but for BTC to slide into LTC it could literally happens within hours/days.

community is stong dev team strong can and easy exchange to fiat money can replace bitcoin
is litecoin is requirement is in , but until now litecoin is stagnant and can't replace bitcoin

They were never designed to do so.

The "overtake Bitcoin" meme implanted in the heads of alt coin true believers is a scheme to attract liquidity.

Carrot and the stick approach.

Altcoins are designed to be the only real market Bitcoin has.

Between that and new money Bitcoin wouldn't really exist they way it does today.

A king needs subordinates or he doesn't have a kingdom.

An overblown database to track, bag , and tax you to death.

bitcoin is gold....will always be......probably will have a prohibitive price to be used regularly, prohibitive transactions cost, prohibitive as a pair for altcoins, prohibitive as handling all  network transactions in a fast pace.....bitcoin won't develop n scale easy n fast...but that's good....

Litecoin will emerge to fullfill this gap, n will we see others more n more, like bitshares n omni.....but market price n legacy/ sustainable growth I can only see for btc n ltc n maybe another one for microtrasactions with a good global reach.

bitcoin is gold

People think that because BTC can function as a commodity.
But there is a problem with that concept.

BTC Utility
1. Crypto trading pairs
2. Crypto to Fiat Conversion
3. Payment system.

Gold has many more utility uses than BTC,
http://geology.com/minerals/gold/uses-of-gold.shtml
1. Jewelry
2. Electronics
3. Financial Store of Value
4. Dentistry
5. Medical Uses
6. Gold Awards & Status Symbols (Olympic Gold Metals)
7. Glassmaking

Gold has unique characteristics that make it better than almost all other metals.
So what happens when it's value fluctuates down, the other utility will use more of it and that will decrease supply and stabilize it value.
Where as if the Price of Gold goes higher , the industries use as little as possible, but they still have to use some as nothing else meets their requirements as well.

Now lets look at BTC Utility as a payment system,
To send $4 it costs me almost ~25 cents, and that is with the current BTC ~$600.
With LTC, I can send $4 and it cost less than 1 penny with LTC current price ~$4 per LTC,
LTC price could increase 20X up to  $80 per LTC and it would still be cheaper to send as LTC than BTC.
Meaning BTC will not be able to hold on to a Payment System as a utility.

CoinBase adding LTC has put the Nail in the Coffin for BTC, by adding a LTC to Fiat Gateway.
So BTC will also lose its crypto to fiat gateway conversion utility.

Leaving it only with a Crypto Trading Utility to keep it Solvent.
With it recent spike in price near the halving, many crypto coins were actually completely pushed out of the BTC pairing as they could no longer meet the price of 1 satochi.
Leaving those coins to only have LTC & Doge for their main pairings.
If the BTC price stays over $300, it loses those coins as a support matrix for its prices, and all of those satochi .

And here is the Rub,
Gold is physical and does not need a network of PoW ASICS miners to keep it running.
The underlying flaw in BTC, it's PoW miners have to make a profit to continue mining , but with all of the lost utilities uses their will not be enough transaction volume to keep them solvent.  :P
Just a matter of time, until this becomes reality and not conjecture.

 8)

because none of the altcoins are created to do that.
instead whenever someone starts a new altcoin project the only thing in his mind is the amount of money he can get out of it. so all the projects turn into pump and dumps and die after the dev moves on to the next project and more money.

besides when there is a good thing going on (with bitcoin) people will not look for a substitute.

Stop being logical and chase the next PnD good sir. There's a reason Coinbase was holding off on adding LTC for so long... Brian couldn't get his way with Bitcoin Classic so this is another fuck you to the BTC community after the ETH/ETC thing blew up in his face... ROFL!

Exciting times ahead and people will be blown away by what unfolds in the next 6 months.

Simple, bitcoin is the prototype of cryptocurrency, maybe one day in 2050, eth or anohter altcoin will replace bitcoin, like motorola's(motorola is the prototype of mibile phone) failure.

 :D :D :D
http://2.bp.blogspot.com/-jyc_z8wN8hc/T6pFRtY-afI/AAAAAAAACrY/049UiVeVSWc/s1600/richierich1.jpg

 8)

It is not something that will happen overnight.
The decline in bitcoin's market share,though,is pretty much linear(albeit choppy)

https://i.imgur.com/N9Yh5zc.png

source: coinmarketcap (https://coinmarketcap.com/charts/#btc-percentage)

It was in the 90s in total market cap of all cc when I got here, and now it is consistently in the low 80s (and that's with a halving) so maybe remittance is the one trick it can do--do you need trust for that or low-fees+fast-transactions?

This is hilarious! Are we in the alt section again on BTCtalk conspiring to run a coup d'etat on Bitcoin? ROFL!

While I'll be the first to admit that I'm nearly wrong about everything, and therefore probably right about one thing, laughing the numbers off won't give you a proper risk assessment.

Well said, but fiat exchange will also exist do you think, Bitcoin was design as  a way out of fiat

Read this article written in 1988
https://socioecohistory.wordpress.com/2014/07/26/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/

WARNING! COMING SOON TO A BANK NEAR YOU - A CASHLESS SOCIETY
By Marilyn MacGruder Barnewall
http://www.newswithviews.com/Barnewall/marilyn224.htm


 8)

I meant TRUE REAL innovation..

Bitcoin show cased a new idea.. THE BLOCK CHAIN

What has happened since ? ..more block chains.
Altcoinz ? = ALL OF THEM CRYING WE AR TEH INNOOVATORZ !!!111111

The scene is full of short sighted idiots.

Why must a "coin" have a block-chain to begin with ?
Like we are not dealing with very bright people..
They see Bitcoin and fire off a "me-too coin"
Wanna speculate why there isn't one better ?
No one made one  :D

Nor are they even trying !!

The fact that ICO's even exist at all is crystal clear proof of it.
Each ICO is just another spit on Satoshi's face.
They are a step down / in-reverse of actual innovation.
Which is what the OP asked about..

Until you all get that through your greedy SHORT SIGHTED profiteer heads do NOT expect
ANY Altcoin to ever accomplish anything.

And don't forget shit talking shills might as well all be talking to them selves
because planet earth could not care less what they "say"
Earth forms it's own opinion and it is LAW !
They have watched for 7 years and they have their opinions period /.

I seen a commercial long ago that sums it up.
It showed a million people all shouting in little cubicles covering their ears.
That is all i see with the bullshit moronic talk that permeates this board section.
All in vain..

I meant TRUE REAL innovation..
You will only see a small amount of innovation from a product creation date,  until the next AHA moment, and then the majority will update to it.
The innovated product was the blockchain.
However it is the same as any product ,
Takes computers, We used Punch Cards for years , until finally the Keyboard & Mouse came along.
Now ~25 years later, we are finally moving to direct voice control and hand gestures.
Once the main innovation is created , expect the next major one to be years even decades before the next increase.

Peercoin Proof of Stake is an innovation, although many want to argue against it.
Even Monero ring signature is innovated, personally no interest in it , but I would never deny it is an innovation.

The main thing right now is newer coins are able to handle a Greater Transactions Load at a higher speed and at a lower cost.
(Just like someone buying a computer or new smart phone every 3 years, does the old one still work , Yes it Does, but the Newer ones can do the same thing much Faster)

The next revelations are economic , which coin allows me to accomplish the same service at a Faster Speed and a Cheaper Price.
LTC is Cheaper & Faster & Now with Coinbase can complete as a Crypto to Fiat Gateway.

BTC is getting Slower by the Day.

 8)

FYI:
Saying an ALTcoin will never replace BTC,
is the same as saying that a New Dell PC will never replace your Commodore 64.  ;)

In my opinion because bitcoin is more older than another coins and it becomes currency pairs on markets altcoins, if there are coins who has good innovations i think they can be overtaking bitcoin. Although it will be hard for doing because need time and seriousness. And if developer of ETH has seriousness, maybe ETH is candidate for overtaking bitcoin.

I don't think you all know what innovation means.

in·no·va·tion   ;)
noun: innovation
    synonyms:   change, alteration, revolution, upheaval, transformation, metamorphosis, breakthrough; More
    new measures, new methods, modernization, novelty, newness;
    creativity, originality, ingenuity, inspiration, inventiveness;
    informala shake up
    "no appliance manufacturer can survive without an ongoing commitment to innovation"
    a new method, idea, product, etc.
     

 8)

FOR 99.9% A fancy tech  ;D, I suppose

for me a working solution for some problem that people will need that it's no fullfilled.  ;D  I hope make some money from it.

Overtaking bitcoin is never an easy task for any altcoins even when they make many claims. The first thing bitcoin enjoys over the altcoins is the massive first mover advantage it has. Due to this factor, bitcoin was able to gather the support and attention of many investors and users. This is enough to keep bitcoin running and stay on the top.

The same investors and early adopters can manipulate the entire world to adopt and consider bitcoin as the king of cryptoland. There ain't no thing we can do about it. You can say start using LTC, ETH and ditch bitcoins, promote to your friends and all, but bitcoin is bitcoin.

Please don't misunderstand me, I am a fan of bitcoin and I support other altcoins such as LTC, ETH,  NXT, etc. But I just want to throw light at the real situation without getting biased.

It would be hard for an altcoin to overtake bitcoin for the rest of the world are all watching which coin can it be and the whales will start to milk from it before it could even rise. They buy dump, and buy back and then dump..it will cycle until it can't grow.

in my opinion about all the other digital currency are indirectly depends upon the peice of bitcoins . the set their rates in terms of bitcoins.  the better example is doge . since we can camapare the strenght of ether to bitcoins but i think it is also indirectly depwnd upon btc .

the only coin that could even touch Bitcoin would be one that more closely matched the even dollar values.  with BTC at $600-700, that means that a real FIAT to BTC change in the real world marketplaces and acceptance by a majority would have to see BTC used and expressed in Bits, which I believe is the 0.001 division, otherwise the numbers would be too confusing for people.  0.00075 BTC for a gallon of milk or 40000 Satoshis?  For that initial switch to go well, a coin like LTC, well established and closer to the even exchange rate might make a good show against BTC.

Because no coin has yet gained minimum economy-of-scale of network efforts:

With the abundance of Altcoins available people find it hard to stick to just one and rather pump and dump. There's still room for a Doge esq coin or maybe a POS coin but those depend on how many investors are involved and commitment.

I can see it happening.  The blockchain is getting longer and longer. That, Coupled with the ability to trace bitcoin transactions, and its vulnerability to 51% attacks.

Bitcoin was a revolutionary piece of technology.  It will reign for years.  But an altcoin reaching parity, and eventually taking over, is not a far fetched idea.

This is probably the best answer,people are comfortable on developers that will troubleshoot any problems that might occur and I think Bitcoin has all features to always stay on top...

Remember they have reported hundreds of times in the past but they always come back stronger than before..

New Economy Monero (NEM) has a chance.

Well for me, since every altcoin is dependent on bitcoin in terms of pricing, it's hard to really defeat just that. Also, since bitcoin is the first cryptocurrency that has reached the general public (and it is the most well known too), others would need to have an impressive media appearance first so that the public would lend some ears to that said crypto and give it a chance. Til then, I don't think others would listen to jargon and other techy stuff about a certain altcoin.

Now down to 80% share, Bitcoin's demise is almost a certainty:

(1) BTC is controlled by a cartel of probably < 10 Chinese businessmen (mining, ASIIs)...
The Chinese government could take out Bitcoin in 24 hours and no one would care...
The way the Hong Kong authorities allowed Bitfinex to swindle it's Customers tells you a lot.

(2) The 2016 block time standard is Graphene's 3 seconds (BTS, STEEM, others)...
This is very close to "real-time" processing required to do anything interesting on the web...
Frankly, I totally dread firing up Bitcoin and dealing with 10 minute blocks and $2.00 fees

(3) BTC is worth less than it was 3 years ago, that's a pathetic fact...
In tech, once something stops growing exponentially it's pretty much game over.

(4) Bitcoin has failed to go mainstream and is not even "hip" anymore.

(5) Bitcoin's organized culture of hate/greed which was totally exposed during ETH's recent troubles...
Is clearly holding back the advance of crypto in general (even more than the herd of scam artists here).


The crypto space is very dynamic and there will be big surprises in the next 2 years...
The opinions and polls here always support the status quo and have been dead wrong year after year.

and the alt space doesn't have this? woah. someone must be piping a different internet into my computer because there seems to be enough of this to go around for every coin.

Thanks for your questions  but i think  there is up coming coin which  has the the same code base with bitcoin.
VirtaCoin is a decentralized crypto-currency, like bitcoin. In fact, it is based on the Bitcoin Codebase, so it works almost exactly like bitcoin.

Oh dear Allah you really are a worse Spoetniktard than we all first thought:

https://medium.com/swarm-nyc/being-first-to-market-doesnt-mean-success-81648df045df#.fr938fcrr