Could Monero replace Bitcoin soon?

[psomas2]

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

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[pandher]

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Although i dont share the idea that Monero will replace Bitcoin but talking about millions investing in Bitcoin, that could change as easy as clicking SELL

[smooth]

Good suggestion. Noted.

https://github.com/monero-project/bitmonero/issues/354

Yes also add there that it should be a lightweight wallet, because i`m sure , for the sake of usuability, not many people like to hold 20-30 GB blockchains on their PC.

So if a lightweight version becomes possible that would be the holy grail


Other than that, yes monero is a really privacy friendly coin, with very demanded features, that could replace bitcoin, one distant day in the future, if these minor thing could be fixed.

Lightweight wallets are already a well-known requirement no need to log that. Thanks for the input either way though.

[g3rszpi]

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Yeah, you are right.Until even bitcoin can't hit a stabile price with stabil crowd, we cant even dream about replacing btc.

[newb4now]

Similar discussion is happening on Reddit now:

http://www.reddit.com/r/Monero/comments/3eqk9s/question_about_monero_vs_bitcoin/

[Andrelvogue]

what do you guys think about these cryptonote technology, should we worry about it?

Maybe in the future but till then bitcoin will still be bigger

[owm123]

Nope.

[darkagentx]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

[LucyLovesCrypto]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today.  Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

[CoinThug]

Nah don't worry about it.

[owm123]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today.  Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

"Every week or two, from now on, will see new privacy disasters, each worse than the last. Every week or two, from now on, will see millions of people who suddenly wish there was more they could do to protect their privacy."http://www.theguardian.com/technology/2015/oct/02/why-is-it-so-hard-to-convince-people-to-care-about-privacy

[ArticMine]

It is possible but not because of fungibility / privacy. It is very possible because of adaptive blocksize limits and a tail emission that addresses the issue of developing a fee market after the block subsidy ends. The latter is the elephant in the room that very few people in the Bitcoin community are even talking about yet lies at the heart of the blocksize debate.

[languagehasmeaning]

It is possible but not because of fungibility / privacy. It is very possible because of adaptive blocksize limits and a tail emission that addresses the issue of developing a fee market after the block subsidy ends. The latter is the elephant in the room that very few people in the Bitcoin community are even talking about yet lies at the heart of the blocksize debate.

I have seen you make this argument before and I agree adaptive blocksize limits are important.  I am curious why you feel it is MORE important that the fungibility issue

[smoothie]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today.  Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

The interesting thing is that people's ACTIONs depict that privacy is important to them.

Most people may say "Privacy doesn't matter" but in their actions they close their curtains, keep their email passwords safe/secret, and don't plaster their bank statements all over the city.

Privacy does matter all of us in some form or fashion.

Anyone saying they don't care about privacy is lying because in one way or another there is an action that that person does in their daily life that counteracts that statement.

I'm pretty sure people wouldn't want to take a shit in the open streets of manhattan while sitting on a toilet for all people to see right?

I don't see people handing out their SSN on the streets in the form of flyers.

I don't see people living in glass houses for authorities to be able to see every part of your home from the road.

The list goes on and on...

This topic is very important as people don't realize their privacy matters until they are under scrutiny by TPTB.

[generalizethis]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today.  Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

The interesting thing is that people's ACTIONs depict that privacy is important to them.

Most people may say "Privacy doesn't matter" but in their actions they close their curtains, keep their email passwords safe/secret, and don't plaster their bank statements all over the city.

Privacy does matter all of us in some form or fashion.

Anyone saying they don't care about privacy is lying because in one way or another there is an action that that person does in their daily life that counteracts that statement.

I'm pretty sure people wouldn't want to take a shit in the open streets of manhattan while sitting on a toilet for all people to see right?

I don't see people handing out their SSN on the streets in the form of flyers.

I don't see people living in glass houses for authorities to be able to see every part of your home from the road.

The list goes on and on...

This topic is very important as people don't realize their privacy matters until they are under scrutiny by TPTB.

I think the remark should be altered to," I don't care know enough about my digital life to achieve a similar privacy to the one I enjoy in the physical world." If you make digital privacy intuitive and easy enough, people won't feel like they need a computer science degree to even try. Imagine if learning to close the blinds took six years of schooling and the vigilance to monitor and evaluate all the newest OPSEC? Or if you had to make the blinds yourself? You'd probably hear a lot of, "I don't care about blinds."

[owm123]

Bitcoin could not be replaced by Monero, not soon nor any years in the future. Maybe in a different timeline!

Most of the world has not yet realized the importance of privacy. When that happens Monero has as good of a chance to replace bitcoin as any alternative in assistance today.  Of course other alternatives could come along before the masses rush to privacy tech. It will be fun to wait and see what happens!

The interesting thing is that people's ACTIONs depict that privacy is important to them.

Most people may say "Privacy doesn't matter" but in their actions they close their curtains, keep their email passwords safe/secret, and don't plaster their bank statements all over the city.

Privacy does matter all of us in some form or fashion.

Anyone saying they don't care about privacy is lying because in one way or another there is an action that that person does in their daily life that counteracts that statement.

I'm pretty sure people wouldn't want to take a shit in the open streets of manhattan while sitting on a toilet for all people to see right?

I don't see people handing out their SSN on the streets in the form of flyers.

I don't see people living in glass houses for authorities to be able to see every part of your home from the road.

The list goes on and on...

This topic is very important as people don't realize their privacy matters until they are under scrutiny by TPTB.

People care about privacy a lot, but they mostly worry about privacy from a neighbor, a thief, or a random person from a street.

But they do not care much about mass survivable. They dont care much, or what is more likely they even dont know, that google has access to all emails, that windows 10's cortana is recording everything, skype recording conversations, etc. Most people view nsa, google, mircrosoft as the 'good guys'.

The most common way of thinking is "I have nothing to worry about, as I have nothing to hide". Meaning hide from police, nsa, google, etc.

[tokeweed]

Could Monero replace Bitcoin soon?

Simple answer:  No.

[Eastwind]

Could Monero replace Bitcoin soon?

Simple answer:  No.

They are different coins for different purposes.

[newb4now]

Could Monero replace Bitcoin soon?

Simple answer:  No.

They are different coins for different purposes.

Perhaps "replace" is the wrong word for the question. Even when the importance of privacy privacy becomes better recognized, complete transparent will be good for some purposes.

Monero has a view key function to offer transparency, but Bitcoin is transparent by default with little effort needed to trace transactions. Of course the Bitcoin network effect is huge.

Monero can gain substantial market share in time but still not "replace" bitcoin.

[dre1982]

Nah i dont think so.
Millions of people have invested on bitcoin.
Hardly an other coin will replace it.

Bitcoin is already so much ahead of all the other coins. Doubt it if there will be one coin with comes close to Bitcoin.

I think it wouldnt happen in the first couple of years.