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hajimasan
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October 30, 2016, 04:56:49 AM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
may be in future but in my opinion it is vety hard to say that any new online digital currency may overcome the bitcoin but still there are many problems because who will invest much amount of money in new coin or online currency . and how does people will trust at such type of new currency . |
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"Governments are good at cutting off the heads of a centrally
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to be holding their own." -- Satoshi
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kanazawa
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October 30, 2016, 12:20:50 PM |
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No way. The history of Bitcoin is long, and today nothing can stop. There's a lot of money involved and many important people and governments using it. It's the most brilliant revolution in the market of these days. Together with Blockchain, Bitcoin is amazing and almost like the internet or the creation of cellphones, this currency/system is here to stay forever.
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jonatuzc
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October 30, 2016, 03:32:47 PM |
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Bitcoin isn't about Bitcoin. It's about the network and infrastructure, and none is bigger nor more heavily-invested. So...no. It's not close.
It is true. Besides, bitcoin is the pioneer coin which in most cases with respect to all businesses, the first to invent an idea is hardly replaced by another one that imitate it. That is how its applicable to bitcoin, all other cryptocurrencies are just an imitation of bitcoin so how do you expect the to replace bitcoin ? |
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markyminer
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October 30, 2016, 07:06:06 PM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
may be in future but in my opinion it is vety hard to say that any new online digital currency may overcome the bitcoin but still there are many problems because who will invest much amount of money in new coin or online currency . and how does people will trust at such type of new currency . yes i am also not agree with statement that bitcoin can be replace by any other crypto currency, as bitcoin is one of the most reliable and trusted crypto currency and is becoming more and more popular from time to time. |
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genos
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October 30, 2016, 10:02:02 PM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
may be in future but in my opinion it is vety hard to say that any new online digital currency may overcome the bitcoin but still there are many problems because who will invest much amount of money in new coin or online currency . and how does people will trust at such type of new currency . yes i am also not agree with statement that bitcoin can be replace by any other crypto currency, as bitcoin is one of the most reliable and trusted crypto currency and is becoming more and more popular from time to time. Bitcoin have a good strenght in the market so I do not think that bitcoin can be replaced by another crypto currency. Although etherium is rise the popularity but I do not think that etherium can replace bitcoin becouse people thrust of bitcoin is higher than etherium. |
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Doamader
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November 01, 2016, 10:54:40 PM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
may be in future but in my opinion it is vety hard to say that any new online digital currency may overcome the bitcoin but still there are many problems because who will invest much amount of money in new coin or online currency . and how does people will trust at such type of new currency . yes i am also not agree with statement that bitcoin can be replace by any other crypto currency, as bitcoin is one of the most reliable and trusted crypto currency and is becoming more and more popular from time to time. Bitcoin have a good strenght in the market so I do not think that bitcoin can be replaced by another crypto currency. Although etherium is rise the popularity but I do not think that etherium can replace bitcoin becouse people thrust of bitcoin is higher than etherium. Bitcoin is getting a huge shield around it, several and important projects are being made to protect and improve bitcoin, augur,zcash and openbazar, and with those projects looks like bitcoin wont be replaced so soon for any other altcoin. |
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BitcoinMarshal
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November 01, 2016, 11:01:00 PM |
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Bitcoin isn't about Bitcoin. It's about the network and infrastructure, and none is bigger nor more heavily-invested. So...no. It's not close.
It is true. Besides, bitcoin is the pioneer coin which in most cases with respect to all businesses, the first to invent an idea is hardly replaced by another one that imitate it. That is how its applicable to bitcoin, all other cryptocurrencies are just an imitation of bitcoin so how do you expect the to replace bitcoin ? Its very hard to say its replaceable because its really pioneer and now no one can replace but we can say some can give support like we have in metals Gold is Pioneer and others giving him good support |
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lEgEndArIUs
Member
 Offline
Activity: 62
Merit: 10
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November 02, 2016, 02:20:19 AM |
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I think it's possible, but not replaced by another 'crypto'currency. But it will replaced by another currency, because I think Bitcoin is the best cryptocurrency.
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madwica
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November 02, 2016, 02:51:17 AM |
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I think it's possible, but not replaced by another 'crypto'currency. But it will replaced by another currency, because I think Bitcoin is the best cryptocurrency.
Replaced on the top? i do not think also that there is other cryptocurrency will replaced bitcoin on the top because the value of bitcoin is very strong and going strong in the future. Bitcoin is decentralized currency and not centralize currency will replaced it they are different category. |
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markyminer
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November 02, 2016, 05:14:46 AM |
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to me as bitcoin is one of the most popular currency of the world, and still people are entering in the world of bitcoin therefore it is becoming more and more strong that its previous position, therefore it is not possible that bitcoin can be replace by any other cryptocurrency.
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Enternity
Newbie
Offline
Activity: 26
Merit: 0
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November 04, 2016, 08:01:14 AM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
may be in future but in my opinion it is vety hard to say that any new online digital currency may overcome the bitcoin but still there are many problems because who will invest much amount of money in new coin or online currency . and how does people will trust at such type of new currency . yes i am also not agree with statement that bitcoin can be replace by any other crypto currency, as bitcoin is one of the most reliable and trusted crypto currency and is becoming more and more popular from time to time. Bitcoin have a good strenght in the market so I do not think that bitcoin can be replaced by another crypto currency. Although etherium is rise the popularity but I do not think that etherium can replace bitcoin becouse people thrust of bitcoin is higher than etherium. Bitcoin is getting a huge shield around it, several and important projects are being made to protect and improve bitcoin, augur,zcash and openbazar, and with those projects looks like bitcoin wont be replaced so soon for any other altcoin. If there is no further progress with the block size increase to accommodate more onchain transactioin, it will be abandoned. |
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n691309
Legendary
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Activity: 1526
Merit: 1001
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November 04, 2016, 08:41:02 AM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I think that one day maybe this can happen but it don't make sense, this only can be done if people will start to ban bitcoin and not allow using it (which is non-sense too) but since there are lots of altcoins the government can't ban them all. |
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talkbitcoin
Legendary
Offline
Activity: 1372
Merit: 1032
All I know is that I know nothing.
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November 04, 2016, 12:20:41 PM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I think that one day maybe this can happen but it don't make sense, this only can be done if people will start to ban bitcoin and not allow using it (which is non-sense too) but since there are lots of altcoins the government can't ban them all. the government actually can ban usage of all kinds of cryptocurrency what they can't do is preventing people from using then. besides banning then is never going to happen and even if it happens it can not be the reason for replacement. the only scenario which bitcoin can be replaces is that some new coin with the same features and security but without some of the downsides is invented and since it has not yet happened and it is not easy to come up with it, replacement can not happen anytime soon. |
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Senor.Bla
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November 05, 2016, 10:43:44 AM |
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I think that one day maybe this can happen but it don't make sense, this only can be done if people will start to ban bitcoin and not allow using it (which is non-sense too) but since there are lots of altcoins the government can't ban them all. the government actually can ban usage of all kinds of cryptocurrency what they can't do is preventing people from using then. besides banning then is never going to happen and even if it happens it can not be the reason for replacement. the only scenario which bitcoin can be replaces is that some new coin with the same features and security but without some of the downsides is invented and since it has not yet happened and it is not easy to come up with it, replacement can not happen anytime soon. i agree, but would like to bring some more details in. a government can ban just bitcoin or some altcoin or it can ban all cryptos altogether. why would they want to do this? maybe they want to implement their own gov coin. but as you said it would be not possible to stop the use of bitcoin. you could only punish it afterwards and hope that people will stop using it because of the punishments. a more interesting point is, that only some government would do this, but surly not all. i would like to see how all government agree on anything. and i also do not expect to see some better altcoin with the ability to replace bitcoin soon, but it would most likely come as a surprise and so it could be tomorrow. |
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Mark02
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November 05, 2016, 10:57:44 AM |
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No way. The history of Bitcoin is long, and today nothing can stop. There's a lot of money involved and many important people and governments using it. It's the most brilliant revolution in the market of these days. Together with Blockchain, Bitcoin is amazing and almost like the internet or the creation of cellphones, this currency/system is here to stay forever.
Yeah. It is nearly impossible to an Altcoin to suppress what bitcoin has already established. The fact that it has been developed since 3 years ago I think. It is hard to suppress what bitcoin has already achieved. Its demand nowadays are very high that even big companies are accepting that even if it is only few. I think if one coin can suppress bitcoin. It will take some time before that happens. |
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ekoice
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November 05, 2016, 11:27:14 AM |
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I think untill 2050, Bitcoin will not be replaced by any other crypto currency.Reputation of Bitcoin is very good compared to any other crypto coin.Eve if any other altcoin replaces Bitcoin, Bitcoin will still be existing in the market.
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danherbias07
Legendary
 Online
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
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November 05, 2016, 12:09:23 PM |
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I think untill 2050, Bitcoin will not be replaced by any other crypto currency.Reputation of Bitcoin is very good compared to any other crypto coin.Eve if any other altcoin replaces Bitcoin, Bitcoin will still be existing in the market.
Replaced by an altcoin? You mean by just a copy? That is way too impossible to happen. Those altcoin makes us profit but dont let that blind us for them to take charge of the crypto world. As long as there are people controlling those alts then it is hard to trust it in the long run. |
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mastica
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November 05, 2016, 12:29:09 PM
Last edit: November 08, 2016, 04:27:53 PM by mastica |
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I think untill 2050, Bitcoin will not be replaced by any other crypto currency.Reputation of Bitcoin is very good compared to any other crypto coin.Eve if any other altcoin replaces Bitcoin, Bitcoin will still be existing in the market.
Replaced by an altcoin? You mean by just a copy? That is way too impossible to happen. Those altcoin makes us profit but dont let that blind us for them to take charge of the crypto world. As long as there are people controlling those alts then it is hard to trust it in the long run. Bitcoin can fail over the time, but its very hard to believe it may happen, the security level is the best worldwide or looks like it is. Besides that there is a huge investment around bitcoin, i cant say that some other altcoin cant achieve bitcoin status, but all altcoins have someone in the control. |
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prabowo96
Full Member
Offline
Activity: 238
Merit: 100
it's showtime
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November 05, 2016, 01:22:56 PM |
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I think untill 2050, Bitcoin will not be replaced by any other crypto currency.Reputation of Bitcoin is very good compared to any other crypto coin.Eve if any other altcoin replaces Bitcoin, Bitcoin will still be existing in the market.
Replaced by an altcoin? You mean by just a copy? That is way too impossible to happen. Those altcoin makes us profit but dont let that blind us for them to take charge of the crypto world. As long as there are people controlling those alts then it is hard to trust it in the long run. We can see a lot of shitcoins over there, like 99% however we can see good projects like ethereum and dash, if any altcoin will take the bitcoin place, just the time will say it, by now we can't predict the future. |
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Adamsmit556
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November 05, 2016, 04:24:25 PM |
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Bitcoin has taken the spot as the leading cryptocurrency, it is widely used and has numerous of investments thereto.
Bitcoin-related applications evolve all the time and plenty of new innovations is coming up in the future.
A few of those innovations and applications might break out as a form of the new type of cryptocurrency.
So we never know what's going to happen in the future and there is a possibility of gov-coin replacing the Bitcoin.
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