What's the next big thing?

[Beliathon]

Do you believe bitcoin is going to die?

Yes, but not in my lifetime.

[Mickeyb]

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.

And this is very necessary. The Frontier is unusable unless you are a coder or a serious crypto user willing to learn. I have been looking in one of the clients of Ethereum at the moment, GETH, and after 2 days of messing around with it I have learned to first install it, then to create an account, check balance and send simple transaction.

Need I to say that I almost gave up few times. I see huge interest for Ethereum from the people around me, but this interest stops right away since nobody knows how to use it at the moment.

[kpitti]

I am sure that Bitcoin will not die. For sure that idea of cryptocurrency already got it`s name - Bitcoin!
This already open a lot of new ways and possibilities.

[danster82]

BIP 100 is awful, if its adopted its the death of Bitcoin for me at least dump and buy Litecoin maybe?

But then if BIP100 gets adopted purely because of miner majority even if the userbase doesn't want it, it would actually highlight a major flaw in cryptocoins, namley that hash power would be able to force rule changes against its users, which is far more dangerous than a 51% attack, it basically means you can never trust in the rules of any coin anymore (so no, moving to litecoin isnt the answer), for they are no longer this stable set in stone neutral thing that was so attractive in the first place, but a thing that can change due to the will of a few.

I dont believe BIP 100 will be adopted simply because of hash majority, but if it is then Bitcoin is flawed and the next big thing would be a coin that has a voting mechanism that goes beyond just hashpower some way of seeing what nodes relate to what entity's so consensus on any update can be be gauged over a wider spectrum.

[Harpua]

Other coins, don't have the same issues and present other features as well.

The real Bitcoin killer would be something that was hard coded from minute one to be globally scalable and actively awarded decentralisation with zero need for further meddling. Maybe it's in the works. Maybe it'll never arrive.

I think it has arrived tbh and it's name is monero. I was looking at the coding they use and the true anonymity of the coin it's self and it is amazing! Not to mention the community behind it. It continues to grow new users every day and steadily grows in value. It's coded already to have easier P2P transactions and will be continuing to mine easier than any other coin in the long run if it gains more traction. It allows people to choose if they want their payment key to be viewed which makes any person/business to remain very secure in their transactions. I'm still learning more about it, but that is my bet of which altcoin will "make it". That's not to say btc and xmr can't cooexists either. Btc provides easier transactions with faster transaction times, while xmr secures your investment/payments. Now the real question of what would really kill btc is which coin can make a simple, very fast transaction system so everyday normal people will be able to go to the grocery store and make as quick of a purchase as debit/credit cards. If that were to happen, and this block size war is still going on; btc will eventually go down.

[monsanto]

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:

Average Joe might be interested for gambling, sports wagering, etc. Wait until Augur and other prediction markets come out before making a final judgement on utility.  Cryptos main benefit IMO has always been mainly due to its ability to bend currency laws, like Uber does with the taxi laws.  One of these decentralized systems will eventually be the Uber of sports wagering and it will be something to see.

[butdabass]

the next big thing is $1000 price of bitcoins! and i think everybody hope like that..

[Amph]

the next big thing is $1000 price of bitcoins! and i think everybody hope like that..

returning to something which was already achieved can not be called the next big thing, 10k would be a better price entitled as "the next big thing" if you want to talk about this

[S4VV4S]

the next big thing is $1000 price of bitcoins! and i think everybody hope like that..

returning to somethign which was already achieved can not be called the next big thing, 10k would be a better price entitled as "the next big thing" if you want to talk about this

True.
That milestone has already been reached so we need to set a higher price.
Who knows, maybe Willy 2.0 might pop up

[Q7]

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

[RealBitcoin]

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

[Mickeyb]

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

I am sure that if Bitcoin would be gone, the Litecoin won't be the one to replace it. Litecoin is basically the same technology as Bitcoin, just a bit tweaked. Whatever would kill Bitcoin, would kill Litecoin as well.

Some of the above coins that you have posted have much better chance in replacing the Bitcoin, even though I don't see this happening either. They might complement each other but not replace it.

[RealBitcoin]

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

Totally agree, you need to write a book!

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

I am sure that if Bitcoin would be gone, the Litecoin won't be the one to replace it. Litecoin is basically the same technology as Bitcoin, just a bit tweaked. Whatever would kill Bitcoin, would kill Litecoin as well.

Some of the above coins that you have posted have much better chance in replacing the Bitcoin, even though I don't see this happening either. They might complement each other but not replace it.

No because bitcoin faces danger from the inside.

Litecoin has pretty solid dev team. Bitcoin devs only bicker with eachother, which is not good.

If bitcoin gets destroyed by devs foolishness, litecoin will take over with more disciplined and professional devs.

[Harpua]

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

Totally agree, you need to write a book!

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

I am sure that if Bitcoin would be gone, the Litecoin won't be the one to replace it. Litecoin is basically the same technology as Bitcoin, just a bit tweaked. Whatever would kill Bitcoin, would kill Litecoin as well.

Some of the above coins that you have posted have much better chance in replacing the Bitcoin, even though I don't see this happening either. They might complement each other but not replace it.

No because bitcoin faces danger from the inside.

Litecoin has pretty solid dev team. Bitcoin devs only bicker with eachother, which is not good.

If bitcoin gets destroyed by devs foolishness, litecoin will take over with more disciplined and professional devs.

If LTC is the same thing as BTC it won't matter if BTC's devs fight with each other... If the crypto you are copying is the same and their devs have an issue with block size, that means if LTC were to even get at $10 a pop, the devs would start wondering how to ensure the health of their blockchain network just like BTC's devs are doing.

[wxa7115]

Bitcoin is still the real thing, as far as I know there is nothing that even comes close, maybe that’ll change but as of right now bitcoin is king.

[mookid]

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

That's a very valid point. Ethereum needs more PR. We need all those crazy altcoins users to start to hoard some eths an increase the value.
We need a solid user-base, and focus on the monetary aspect of Ethereum too. The Solidity and Smart-contracts are the main point s of ethereum, but right now, they aren't the ones bringing the money to the platform.

[jasonzervou17]

I just don't think that BTC will DIE.. It is just starting. And it is getting stronger and stronger. I think people should be educated on how BTC works. in that way, many others will be into using BTC. Just sayin.

[|Bitcoin|]

The next big thing: Satoshi nakamoto revealed death. Btc collapsed.

[pooya87]

If one day bitcoin is gone I'm sure people would lose trust towards crypto currency as a whole. Besides at this point I really don't see an alternative coins will be worth taking over its place.

Thats bad because Litecoin can take over anytime, its almost a clone of bitcoin, so it would be easy to take over.

Plus by then we would have more experience with cryptocurrencies, so obviously any error that bitcoin had, would be corrected in the others.


Besides dont forget: NXT, NMC, PRC, GEMZ, BYTE,etc. those other altcoins will be worth something without BTC aswell. Not to mention ETHER, and RIPPLE.

i am 100% sure that if someday bitcoin dies at least litecoin would not take its place, as you yourself said litecoin is just a copy with no useful feature. so i don't see any chance for it.

but other coins might have a better chance BUT i personally would not consider any substitute for crypto since if something huge like bitcoin dies other altcoins which are just small projects in comparison with bitcoin, would die too.

[RealBitcoin]

If LTC is the same thing as BTC it won't matter if BTC's devs fight with each other... If the crypto you are copying is the same and their devs have an issue with block size, that means if LTC were to even get at $10 a pop, the devs would start wondering how to ensure the health of their blockchain network just like BTC's devs are doing.

Yea but they would not make the same mistake as in BTC. If BTC adopts BIP 101 and fails.

Then LTC can adopt BIP 100 and succeed.

This is what I was trying to say.