What's the next big thing?

[Mrs.Selfish]

if bitcoin will dead.
the next big thing is still bitcoin.
just the name not bitcoin again, but the point still bitcoin.
for the next may be bitcoin will make modification on the function or the value.

[maokoto]

It is true that Bitcoin can die, even having now the popularity. Look at internet explorer or msn messenger ...

But I do not think so. It will renew if more features are needed, is not a static thing. For other altcoin to take over it, it should first be really really innovative. I know there is Ethereum and others, but still it is pretty much the same concept: a chain of bits that goes from a user to another.

[monsanto]

Many are forseeing the death of bitcoin. Do you believe bitcoin is going to die?
What are the possible substitutes for BTC? State your mind!

According to Satos... errr Nick Szabo it just might be ethereum:

[pooya87]

Many are forseeing the death of bitcoin.

who are these many that forseeing this? people who are spreading FUDs? what are their reasons for predicting this?

Do you believe bitcoin is going to die?

maybe someday in the far future it dies. but even if this happens, that said day is far far away in the future.

What are the possible substitutes for BTC? State your mind!

if bitcoin dies i personally would never choose any other cryptocurrency to replace it with, i would cut my losses and leave it all behind me.

[n2004al]

Nonsense. I certainly seems bitcoin is the hegemon of cryptocurrencies right now, but in reality I think that state won't last too long.

Don't agree. I think that it will be never no cryptocurrency which will replace bitcoin. It is the first, it is the original and it is the most known and used in the world. The the overwhelming most other cryptos don't have place when to be used except the exchanges when probably are there because of their developers who want to earn money from those.

[Kprawn]

Bitcoin is the cat with 999 lives.  ... It dies on shill blogs and news websites every day. I would not waste my time on worrying too much about it's replacement for now.

The next kid on the block, will most probably be some coin under 100% control of corporate giants and fully regulated by the governments. The open question would be, how

many people would be supporting this type of coin. Bitcoin would still be there for the other people who do not support a surveillance state. 

[Agaguk24]

I do not think BTC will die; its just that its limitations due to its older age are starting to show, and are starting to be a problem  (like 10-20 minute confirmations).

BTC can coexist with the most practical alt cryptocurrency; BTC can be the base, the store of value while the modern alt cryptocurrency can run as the transactional unit to make payments.

[mallard]

bitcoin is dead, use your BTC to buy ETH.

I use Ethereum to power my 3D printed, Ruby on Rails, pumpkin spice skinny latte startup. But you wouldn't have heard of it.

[RealBitcoin]

Bitcoin is the cat with 999 lives.  ... It dies on shill blogs and news websites every day. I would not waste my time on worrying too much about it's replacement for now.

I regret this forum doesnt have a +1 like button, because you deserve one.


Of course there are shills sites and news articles that demonize it, thats how they get attention by saying controversial bullshit.

It's just a moronic journalist marketing tehnique, they dont mean it, but they always say bullshit just to get more audience.


Bitcoins is just now being really born.

[johnyj]

I think the basic landscape of bitcoin is almost clear. Although there are other ideas like smart contract, colored coin, Ethereum etc... even so called 1 million of applications on blockchain, they all share similar problem: The infrastructure is not as sound/simple/time tested as bitcoin. So they have not reached mass adoption

The essence of bitcoin is an idea to transfer ownership on internet without middle man. Because money is the most interested target of ownership, bitcoin naturally becomes something that represents money

[removebeforeflight]

Maidsafe, Storj, factom.

[pooya87]

Bitcoin is the cat with 999 lives.  ... It dies on shill blogs and news websites every day. I would not waste my time on worrying too much about it's replacement for now.

I regret this forum doesnt have a +1 like button, because you deserve one.
Of course there are shills sites and news articles that demonize it, thats how they get attention by saying controversial bullshit.
It's just a moronic journalist marketing tehnique, they dont mean it, but they always say bullshit just to get more audience.
Bitcoins is just now being really born.

since bitcoin market is not that big and can get manipulated easily, you can spot a lot these sorts of news on blogs and news websites and even on this forum especially on speculation section. they are just spreading FUD to try and push the market in their own favor to earn a quick buck.

[neoneros]

The next big thing is still to happen, the economic revolution, the next step to personal freedom that was set out when we were freed from the dogma's of religion, the industrial revolution, the digitial revolution, crypto currencies can make this happen and we are just at the start. The next big revolution after that will be in the way the governments control or govern us, people are getting more and more individual, it is a big guess what will set up this next revolution and how it shall revolutionize our world, but it will come, decentralisation of power over countries and people.

But let us focus on one thing at a time and finish this revolution of the economic world. We have still a long way to go.

[lahm-44]

I don't think bitcoin will ever die because there will be always buying and selling of bitcoin will be done forever and that will cause economy to run it forever :p you and we everyone is running it

[NorrisK]

Bitcoin still has to become the big thing imo.. It is not well known enough around the world yet, it will be the big thing when mass adoptation happens. Than you will cry for selling today..

[Denker]

Bitcoin still has to become the big thing imo.. It is not well known enough around the world yet, it will be the big thing when mass adoptation happens. Than you will cry for selling today..

So we hodl hard and accumulate more.
What happened to your Avatar? Where is the flexing Biceps?

[Mickeyb]

Many are forseeing the death of bitcoin. Do you believe bitcoin is going to die?
What are the possible substitutes for BTC? State your mind!

According to Satos... errr Nick Szabo it just might be ethereum:

Ethereum is definitely very interesting technology that should have a nice future if the developers develop everything that are promising. I see Ethereum and Bitcoin very much complementing themselves. They should both have great future.

But if people decide so, they can just ditch Bitcoin and use Ethereum as a currency. I don't see this happening though as long as both chains are robust and work as they supposed to. After all, Bitcoin has great security record going for itself, Ethereum still needs to prove itself.

[johnyj]

The problem I see with Ethereum is its lacking of incentive. There are so many interesting technologies that no one cares about because of no incentive, such kind of technology would not direct benefit the participants, it must be driven by a centralized organization who have lots of resources to invest and make some products that can be accepted by market

For bitcoin the incentive for participants are very intuitive: You mine the coins and sell it for profit, you accept bitcoin payment thus make bitcoin more valuable

How could an average Joe to benefit from Ethereum? I think the Ethereum from its very establishing is just to prevent normal people from participating:

"What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code."

You need a doctor degree in computer science to understand what is the meaning of all these buzz. And still, the concept of "contracts" are not solid due to the fact that it need centralized authorities to enforce

[mallard]

The problem I see with Ethereum is its lacking of incentive. There are so many interesting technologies that no one cares about because of no incentive, such kind of technology would not direct benefit the participants, it must be driven by a centralized organization who have lots of resources to invest and make some products that can be accepted by market

For bitcoin the incentive for participants are very intuitive: You mine the coins and sell it for profit, you accept bitcoin payment thus make bitcoin more valuable

How could an average Joe to benefit from Ethereum? I think the Ethereum from its very establishing is just to prevent normal people from participating:

"What Ethereum intends to provide is a blockchain with a built-in fully fledged Turing-complete programming language that can be used to create "contracts" that can be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, as well as many others that we have not yet imagined, simply by writing up the logic in a few lines of code."

You need a doctor degree in computer science to understand what is the meaning of all these buzz. And still, the concept of "contracts" are not solid due to the fact that it need centralized authorities to enforce

After Ethereum Frontier, I think they are planning on making it a bit easier to use.

[LiteCoinGuy]

Many are forseeing the death of bitcoin. Do you believe bitcoin is going to die?
What are the possible substitutes for BTC? State your mind!

Next big things:

For example; bitcoins are highly suitable for:

• Online transactions
• Face-to-face mobile transactions
• Machine-to-machine transactions
• International remittances
• Secure savings
• Back-up

However, Bitcoin is much more than just "money". Bitcoin's network and technology (the "Blockchain") enables:

• Start-up innovation (an address is all you need, bank account optional)
• Autonomous Trading Entities / Decentralized Apps / Corporations (DAC:s)
• Proof-of-existence services (timestamping)
• Multi-signatory contracts, wills, insurance agreements
• Borderless value transfers
• Transparent governance