HongKong
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May 16, 2017, 08:54:42 PM |
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Bitcoin won't get replaced by another Currency anytime soon because there's a bunch of people that like Bitcoin because it's the new method to pay for something online and offline. Bitcoin would only get replaced if the new Currency gets more famous than Bitcoin and the Government allows the new Currency to get circulated as an official Currency system.
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Hydrogen
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May 16, 2017, 09:08:23 PM |
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If big blocks are a "good idea" has anyone made an altcoin with larger blocks to see how well it performs?
There is a vacuum and a need for crypto that can support higher transaction rates. If an effective technology to solve bitcoin's shortcomings comes along, it could replace bitcoin as a de facto standard.
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Enjorlas
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May 16, 2017, 09:20:56 PM |
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If Bitcoin doesn't resolve the issues of transaction times and transaction fess, it will be surpassed by a crypto coin that can.
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JoeyD
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May 16, 2017, 11:32:06 PM |
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Ethereum doesn't solve the scaling issues but it does add a lot more features to crypto than bitcoin does. If as you say bitcoin may be replaced but not by ethereum then which coin are you suggesting that should be? Litecoin because they have segwit? A completely different coin? I believe most of the alternative coins would have the same scaling issues if it was adopted in mass.
I'm not prescribing any coin to take over. Personally I'm not at all in favour of a one-coin-to-rule-them-all. However there are projects out there that already scale close to or even beyond VISA/MASTERCARD levels of transactions/sec. Projects that come to mind are bitshares (and Steem), apparently either one of them processes more transactions per day than both ethers combined at the moment and from what I understood have a lot of room to grow still. And then we have the build up to the reveal of eos at concensus, that promises to blow just about everything out of the water performance wise. If the rumors are correct, then it might be an idea for bitcoin to simply move over to the new tech. Although I seriously doubt if the bitcoin community would be willing to make that move.
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arwin100
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May 16, 2017, 11:36:50 PM |
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If Bitcoin doesn't resolve the issues of transaction times and transaction fess, it will be surpassed by a crypto coin that can.
Then what coin would that be? Since as far as I know no one yet surpass nor get pretty close to bitcoins fame so theirs no possibilities that bitcoin well be replaced by another one. Look mate we have been dominated by shitcoins outhere and many of us cannot see another more worthy than bitcoins as of now so the thoughs of being replaced is not yet activated on the knowledge of its holders since bitcoin is so strong and not dying at this point.
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Gameroid
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May 16, 2017, 11:51:23 PM Last edit: May 19, 2017, 11:29:59 AM by Gameroid |
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Bitcoin won't get replaced by another Currency anytime soon because there's a bunch of people that like Bitcoin because it's the new method to pay for something online and offline. Bitcoin would only get replaced if the new Currency gets more famous than Bitcoin and the Government allows the new Currency to get circulated as an official Currency system.
although possibilities are always there but still i will like to say that bitcoin is one of the most strongest currency and will remain as number and will remain as strongest currency for ever. people trend is toward bitcoin, they consider bitcoin as main currency of all the crypto currencies. but they want to continue using bitcoin. although they may be trading other alts coin but they are using it just profit otherwise their main currency is bitcoin.
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NEWGOODOUBLE
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May 17, 2017, 12:15:40 AM |
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ripple could very well take over bitcoin as it becomes decentralised with less cyphers
Even I had never heard a ripple before Lol. Or maybe I'm rarely in the altcoin area. But I'm sure bitcoin will continue to be cryptocurrency number 1
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x y z
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May 17, 2017, 12:32:06 AM |
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Not replaced per say, since it has become modern day gold. But certainly it will have a cash competitor.
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Rajadurai
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May 17, 2017, 12:45:55 AM |
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I think bitcoin will not be replaced by another cryptocurrency.Other coins are used to make money but,bitcoin will not be changed.
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Tukang Becak
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May 17, 2017, 01:23:33 AM |
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I think it is very possible, users more and more so that bitcoin transactions become slowly, someday it will happen so make your sent transaction failed, bitcoin price will go floor and bitcoin will be replaced by another cryptocurrency.
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Rostadom
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May 17, 2017, 01:36:02 PM |
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I think it is very possible, users more and more so that bitcoin transactions become slowly, someday it will happen so make your sent transaction failed, bitcoin price will go floor and bitcoin will be replaced by another cryptocurrency.
One proof that people would just settle with what we currently have with bitcoins is the fact that the majority of people aren't switching to using any other coins and remain to use bitcoin as the "safe-haven" of their money. If their altcoins have been converted to bitcoins, they know that their money is finally safe from the volatility. Bitcoin is still volatile but it is not going to dump to insane levels real quick. People trust bitcoins and most are loyal about using it. Even me, even if I know that there are better coins than bitcoins when it comes to features, I still choose bitcoins because this is where the majority of people (that use cryptocurrencies) store most of their money.
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mmo4me.2016
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May 17, 2017, 01:47:46 PM |
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Everything is possible, because the development, everything better will gradually replace the obsolete
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Aleister Crowley
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May 17, 2017, 02:14:26 PM |
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I think it is very possible, users more and more so that bitcoin transactions become slowly, someday it will happen so make your sent transaction failed, bitcoin price will go floor and bitcoin will be replaced by another cryptocurrency.
One proof that people would just settle with what we currently have with bitcoins is the fact that the majority of people aren't switching to using any other coins and remain to use bitcoin as the "safe-haven" of their money. If their altcoins have been converted to bitcoins, they know that their money is finally safe from the volatility. Bitcoin is still volatile but it is not going to dump to insane levels real quick. People trust bitcoins and most are loyal about using it. Even me, even if I know that there are better coins than bitcoins when it comes to features, I still choose bitcoins because this is where the majority of people (that use cryptocurrencies) store most of their money. For now bitcoin is still a favorite for internet users, I agree, bitcoin will remain popular for a long time, that's because, people who use bitcoin not only to facilitate transactions, but because can earn more money from bitcoin, bitcoin is not just a transaction tool, this is a business, This is what makes people comfortable with bitcoin, and the popularity of bitcoin is still a magnet for Internet users, because we all know, more and more bitcoin users, the more bitcoin demand, the more transactions, it proves that Bitcoin is still the top choice in transactions and to earn an income
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Gameroid
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May 17, 2017, 04:09:51 PM |
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Bitcoin won't get replaced by another Currency anytime soon because there's a bunch of people that like Bitcoin because it's the new method to pay for something online and offline. Bitcoin would only get replaced if the new Currency gets more famous than Bitcoin and the Government allows the new Currency to get circulated as an official Currency system.
in fact bitcoin is the only currency who users are in millons, and still the users of bitcoin are continuously increasing. which is making bitcoin more and more popular, i think there is even not a single currency which can compete with bitcoin. bitcoin is the number one currency of the world and will remain as number one for ever and not a single currency can beat bitcoin.
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Netnox
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May 17, 2017, 04:18:25 PM |
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Check this: https://coinmarketcap.com/Ripple is getting so close. The Bitcoin market cap is stable at $29 billion, while Ripple is more than half of that amount at $14.5 billion. And most importantly, the share of BTC in the total crypto market cap has gone below 50%.
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deisik
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English ⬄ Russian Translation Services
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May 17, 2017, 07:48:03 PM Last edit: May 17, 2017, 08:22:39 PM by deisik |
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If big blocks are a "good idea" has anyone made an altcoin with larger blocks to see how well it performs? To really see how well it performs, you should raise the adoption levels of this coin to be on par with Bitcoin so that the blocks should be filled to the hilt. For example, Litecoin effectively has 4 times bigger blocks than Bitcoin (in terms of 10 minute blocks) while Dash outright has 2 megabyte blocks, and I bet you didn't know that, right? And what did it change? The Litecoin network processes an order of magnitude less transactions daily in comparison with Bitcoin, so how are you going to test these limits in practice? Now they have SW and LN, and so what?
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Bitcoinpro
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May 17, 2017, 08:03:25 PM |
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Check this: https://coinmarketcap.com/Ripple is getting so close. The Bitcoin market cap is stable at $29 billion, while Ripple is more than half of that amount at $14.5 billion. And most importantly, the share of BTC in the total crypto market cap has gone below 50%. Lawn mowing is big business aye
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wahb
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May 17, 2017, 08:08:16 PM Last edit: May 19, 2017, 11:37:24 AM by wahb |
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I think it is very possible, users more and more so that bitcoin transactions become slowly, someday it will happen so make your sent transaction failed, bitcoin price will go floor and bitcoin will be replaced by another cryptocurrency.
One proof that people would just settle with what we currently have with bitcoins is the fact that the majority of people aren't switching to using any other coins and remain to use bitcoin as the "safe-haven" of their money. If their altcoins have been converted to bitcoins, they know that their money is finally safe from the volatility. Bitcoin is still volatile but it is not going to dump to insane levels real quick. People trust bitcoins and most are loyal about using it. Even me, even if I know that there are better coins than bitcoins when it comes to features, I still choose bitcoins because this is where the majority of people (that use cryptocurrencies) store most of their money. For now bitcoin is still a favorite for internet users, I agree, bitcoin will remain popular for a long time, that's because, people who use bitcoin not only to facilitate transactions, but because can earn more money from bitcoin, bitcoin is not just a transaction tool, this is a business, This is what makes people comfortable with bitcoin, and the popularity of bitcoin is still a magnet for Internet users, because we all know, more and more bitcoin users, the more bitcoin demand, the more transactions, it proves that Bitcoin is still the top choice in transactions and to earn an income although it s very much possible but i think still bitcoin is the number one currency of the world and it is expected that the price of bitcoin is continuously increasing. therefore it can give me a good profit in a very very short period of time. i just need to invest my assets in bitcoin for a little time and hope that after few months my investment will be double.
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KingdomHearts
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May 17, 2017, 08:15:00 PM |
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I think it is very possible, users more and more so that bitcoin transactions become slowly, someday it will happen so make your sent transaction failed, bitcoin price will go floor and bitcoin will be replaced by another cryptocurrency.
One proof that people would just settle with what we currently have with bitcoins is the fact that the majority of people aren't switching to using any other coins and remain to use bitcoin as the "safe-haven" of their money. If their altcoins have been converted to bitcoins, they know that their money is finally safe from the volatility. Bitcoin is still volatile but it is not going to dump to insane levels real quick. People trust bitcoins and most are loyal about using it. Even me, even if I know that there are better coins than bitcoins when it comes to features, I still choose bitcoins because this is where the majority of people (that use cryptocurrencies) store most of their money. For now bitcoin is still a favorite for internet users, I agree, bitcoin will remain popular for a long time, that's because, people who use bitcoin not only to facilitate transactions, but because can earn more money from bitcoin, bitcoin is not just a transaction tool, this is a business, This is what makes people comfortable with bitcoin, and the popularity of bitcoin is still a magnet for Internet users, because we all know, more and more bitcoin users, the more bitcoin demand, the more transactions, it proves that Bitcoin is still the top choice in transactions and to earn an income although it s very much possible but i think still bitcoin is the number one currency of the world and it is expected that the price of bitcoin is continuously increasing.therfore it can give me a good profit in a very very short period of time. yeah i hope bitcoin will be come a number one cryptocurrency of the world in the future when bitcoin users reach to 50% then i hope bitcoin will be more get powerful currency and yeah its very good point in bitcoin that we can get a big profit in short time period because bitcoin increasing its price too much faster.
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cryp24x
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May 17, 2017, 08:57:18 PM |
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Check this: https://coinmarketcap.com/Ripple is getting so close. The Bitcoin market cap is stable at $29 billion, while Ripple is more than half of that amount at $14.5 billion. And most importantly, the share of BTC in the total crypto market cap has gone below 50%. This is so funny, how can a billion coin get close to the million coin in terms of dominance if your reference is the current price times the total coins? I think it is a flawed logic. I would be convinced if we talk about stores that accept such currency. As of today, I think no one ever get near to bitcoin in terms of store acceptance and adoption.
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