What's your percent chance that Bitcoin will be the "Myspace" of cryptos?

[Zuminest]

less than 25%

[LAMarcellus]

I would suggest you wait until you know the answer for yourself, to convert your fiat money into btc.

To me, your question suggests you do not understand bitcoin yet.
From which I further deduce and assume that you probably wouldn't know how to safe guard them against loss.


I suggest you read this;
http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-introduction.html
Note the date it was written.

Read that and you won't need to ask whether bitcoin will be "myspace".



And for when you finally have the answer for yourself....

Welcome to the fold & HODL!!!

[Harley997]

Bitcoin don't have competition its one of a kind

Another voice from under the rock, you guys really should learn new things from time to time not to make such stupid statements.

I acknowledge LTC and NMC which are two crypto currencies that have bigger market caps then most/all other alt coins.

With that being said I would still agree with the statement that bitcoin does not have any real competition.

For the most part there is not even a way to trade other alt's into fiat without first going through bitcoin.

[bigasic]

Theres always a chance that bitcoin wont be "the one" but Im betting the farm that it will be. Myspace may have been the first, but they werent the best, where as bitcoin was built very well from the get go, not perfect, but good enough..

[deadwood]

I do believe there's a need for a crypto currency, but perhaps bitcoin is just the first. Maybe there will be better ones.
I'm not talking about alts that bring nothing new to the table, I'm talking about a different protocol alltogether. Bitcoin 2.0 if you will.

[dkblueman]

Very unlikely. There would need to be a new cryptocurrency which is a lot better than bitcoin, and I don't think that will happen. How exactly could it? I think the myspace example doesn't fit here, cryptocurrency as with any currency is a functional thing. There is little room for style or anything like that.

[zimmah]

the difference is that with myspace no one really had anything to lose by leaving myspace.

With bitcoin many parties will lose a lot when they ignore bitcoin and join an altcoin.

there has to be a VERY good reason for people to leave bitcoin for something else.

[spinf]

25%
bitcoin has such an advance in term of support, it won't happen in the coming two years.
Design and front end is also not part of bitcoin and can be adjusted, so it wont be the cause of demise.
For BTC be MySpaced, we would need to see some real breakthrough, not just altcoins...

[barbarousrelic]

a 100%  (or at least =>) BTC

secure
anon
and well distributed POS

would kill BTC as it would avoid the whole mining tax/drama which is like flying into the head wind.

Its sorta like figuring out flight, and BTC is about a 3rd generation Flyer. NXT is a prop plane ww1 but it has a tether attached to a crane, and the fuel supply is a bit suspect.

I agree with this. Primarily the issue of anonymization - if someone had a Bitcoin clone that was completely anonymous (perhaps integrated Tor, along with making it impossible to track the flow of money from one address to another via the blockchain) it would take over. Even more so if mining of that currency was most efficiently performed on a standard computer processor, which would avoid mining centralization.