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Author Topic: Can any coin emerge which can overtake bitcoin in value and spread?  (Read 658 times)
bitkng
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October 27, 2016, 07:30:54 AM
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Bitcoin is the best now and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?
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October 27, 2016, 07:42:42 AM
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Bitcoin is the best now

"best" is a matter of perspective. There are coins that are "better" at privacy for example.

and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?

Not etherum no. Its complex for a currency and does not want to be one either, if it succeeds (survives the fork shitfest) it will likely be used for contracts. There can be other coins in the future, but think about it like this. The computers we use today are not the best that could have been developed over time, they are the most successful. IBM compatible was very important in the past and drove objectivly better solutions off the market. Bitcoin has a very strong network, because it was the first of its kind. So was myspace or friendster? Time will tell.

as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?

 Roll Eyes
bitkng
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October 27, 2016, 07:55:58 AM
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Bitcoin is the best now

"best" is a matter of perspective. There are coins that are "better" at privacy for example.

and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?

Not etherum no. Its complex for a currency and does not want to be one either, if it succeeds (survives the fork shitfest) it will likely be used for contracts. There can be other coins in the future, but think about it like this. The computers we use today are not the best that could have been developed over time, they are the most successful. IBM compatible was very important in the past and drove objectivly better solutions off the market. Bitcoin has a very strong network, because it was the first of its kind. So was myspace or friendster? Time will tell.

as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?

 Roll Eyes
Thanks for sharing your perception
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October 27, 2016, 08:23:06 AM
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I doubt it unless the coin is completely different in every way. Coins with only small changes to BTC are a waste of time.
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October 27, 2016, 08:30:16 AM
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Bitcoin is the best now

"best" is a matter of perspective. There are coins that are "better" at privacy for example.

and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?

Not etherum no. Its complex for a currency and does not want to be one either, if it succeeds (survives the fork shitfest) it will likely be used for contracts. There can be other coins in the future, but think about it like this. The computers we use today are not the best that could have been developed over time, they are the most successful. IBM compatible was very important in the past and drove objectivly better solutions off the market. Bitcoin has a very strong network, because it was the first of its kind. So was myspace or friendster? Time will tell.

as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?
Bitcoin offeres more than privacy, Bitcoin is a movement, and we can see this. One day it may be possible but I have not seen any presently
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October 27, 2016, 12:58:01 PM
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no. most alt appear to have an issue or two and that's before they're even used in proper volumes.

bitcoin has been pushed and beaten since birth and it's still rolling.

throw in the greed that poisons tge birth of most of these coins and there's no hope.

how many bitcoin killers have we had this year? steem, etc, eth, monero and zcash is gonne be the next.

none of them will amount to a great deal and if bitcoin has another rise and starts to address scaling then it's pulling ever further away.
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October 27, 2016, 05:49:36 PM
Last edit: October 27, 2016, 06:30:27 PM by ArticMine
 #7

no. most alt appear to have an issue or two and that's before they're even used in proper volumes.

bitcoin has been pushed and beaten since birth and it's still rolling.

throw in the greed that poisons tge birth of most of these coins and there's no hope.

how many bitcoin killers have we had this year? steem, etc, eth, monero and zcash is gonne be the next.

none of them will amount to a great deal and if bitcoin has another rise and starts to address scaling then it's pulling ever further away.

That is the big if with not only Bitcoin but with all of those POW alt-coins that have a maximum number of coins as a key protocol and social covenant. I most recently explained my rationale here. https://bitcointalk.org/index.php?topic=753252.msg16690863#msg16690863. If one goes down the market capitalization list finding the most likely candidates becomes straightforward.

1) Monero
2) Dogecoin

---

Edit: Unconfirmed Transactions Problem. https://bitcointalk.org/index.php?topic=1661792.0;all

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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October 27, 2016, 11:35:40 PM
 #8

We aren't gonna see that any time soon! There have been really good coins bit none have even come close. Bitcoin rules supreme and will one day take over from fiat and then dominate the world ah hahaha !! xD
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October 28, 2016, 04:23:04 AM
 #9

Bitcoin is the best now and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?

BTC is at the top of the coinmarketcap, it is without a doubt NOT THE BEST.
How many model T cars do you see driving around?
Newer models will always replace older slower models.
And anyone that says that is not true, please show me the 8 Track Tapes, that you still use to listen to music.  Cheesy

The Young replace the Old , it is the way of this world.   Wink

https://cointelegraph.com/news/bitcoin-transactions-confirmation-delays

Quote
Bitcoin Transactions Confirmation Delays
Were you one of those who experienced problems with getting confirmations on your Bitcoin transactions?
Well, it was a general issue, at least recently when Blockchain had almost 50,000 unconfirmed transactions and the number is receding.

The rush of complaints about transaction confirmations taking longer than usual comes at a time when the price of Bitcoin is edging closer to the $ 700 mark. As at the time of this publication, the price of the top digital currency stands at $ 687 and that’s about a 5 percent increase since the beginning of the week from $ 656 on Sunday Oct. 23. When these two coincide, there are bound to be speculations that they are, in a way, related.

 Cool

FYI:
There are a few that like to believe BTC is Magic,
I call BS, it is a technology that is Slow and Outdated and Centralized to Chinese Mining Pools.
Enjoy the BTC Hype Machine, it won't last.

FYI2:
By the way The current all-time high was set on 17 November 2013 at US$1216.73,
so technically it has been in the Shitter for almost 3 years now.
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October 28, 2016, 04:30:48 AM
 #10

Bitcoin is magic, whatever says kiklo. Nothing will ever beat it, because it is the first and most widely used.

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October 28, 2016, 05:19:33 AM
 #11

Bitcoin is the best now and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?
ofcourse , may be come some new coin but in my opinion no one new coin remain stable in comparison of bitcoin because the main problem is of new coin is to be used by many users and its publicity also leaves effect at its impact in the online money market .

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kiklo
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October 28, 2016, 07:08:32 AM
 #12

Bitcoin is magic, whatever says kiklo. Nothing will ever beat it, because it is the first and most widely used.

LOL,  Cheesy Cheesy Cheesy




 Cool


FYI:
Never say Never.  Wink



Key line: Representation of Man's Hubris

First to call BTC, BITANIC  Cheesy
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October 28, 2016, 07:21:53 AM
 #13

Bitcoin is the best now and accepted at some major centres world.is there any chance that etherum or any other coin overtakes it's position in future?as of now bitcoin is having a run and steadily increasing.what price it may reach by 2016 end?

you are asking two different questions here:
1) Can a new coin in the future be created and surpass or even replace bitcoin?
the answer is yes.
nobody is stopping anyone to make a good (real good not just claiming to be good) crypto currency that offers real features that are useful.

2) Can ethereum surpass or replace bitcoin?
the answer is NO, never because it is a crappy coin with nothing to offer and not to mention it is centralized with a big chunk of it being premined

3) Can any other altcoins surpass or replace bitcoin?
No, I don't think so.
because no other altcoin is really offering any good feature that can be considered worthy or useful to become that popular to challenge bitcoin's place

EMPTY
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October 28, 2016, 08:00:30 AM
 #14

...

you are asking two different questions here:
1) Can a new coin in the future be created and surpass or even replace bitcoin?
the answer is yes.
nobody is stopping anyone to make a good (real good not just claiming to be good) crypto currency that offers real features that are useful.
I agree.

2) Can ethereum surpass or replace bitcoin?
the answer is NO, never because it is a crappy coin with nothing to offer and not to mention it is centralized with a big chunk of it being premined
I agree, but for somewhat different reasons. Ethereum's fee model is flawed since it requires a hard fork in order to change the fees. This is in effect a similar flaw as the 1 MB blocksize in Bitcoin that requires a hard fork to change. Centralization and pre-mines can be fixed by forking the coin but then we are back to 1 above.

3) Can any other altcoins surpass or replace bitcoin?
No, I don't think so.
because no other altcoin is really offering any good feature that can be considered worthy or useful to become that popular to challenge bitcoin's place
This is incorrect. Monero does have an adaptive blocksize limit, that when combined with its tail emission does address the fixed 1MB blocksize limit in Bitcoin. It is the 1 MB blocksize limit that stopped Bitcoin's growth dead in its tracks three years ago. Dogecoin can add an adaptive blocksize limit to its existing tail emission.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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