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Author Topic: Can bitcoin survive with all its challenges?  (Read 12999 times)
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March 26, 2017, 02:49:00 PM
 #1

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?

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March 26, 2017, 02:55:06 PM
 #2

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
Challenges : Scaling debate ? When segwit will be activated all this debate will be over.

Competition : With which coin? If you think ETH, DASH etc gonna kill bitcoin than you are wrong, actually other cryptos are just trying to share some marketcap with bitcoin and they will but they can't be more valuable than bitcoin in future too.

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March 26, 2017, 04:04:30 PM
 #3

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?

do you honestly think there is a competition and not just a competition, an intense one between bitcoin and shitcoins? or are you just repeating what you have read on altcoin boards?

have you checked prices of these altcoins lately? when checking the price, make sure to look at their history and see the rise and falls before this one aka pumps.

and as for changes. all the changes to bitcoin that has actually happened so far have been as improvement. and anything that tries to do otherwise will fail miserably as we have seen many times.

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March 26, 2017, 04:16:01 PM
 #4

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?

only challenge are done by other altcoin, otherwise bitcoins has no competitors today, but bitcoin has still the upper edge against them, this are the merchants, no other coins are used like a currency, they just pump and dump for now, from the moment one of those coins will make an apparance in the merchants that we all know, can be bad for bitcoin



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March 26, 2017, 04:17:04 PM
 #5

Bitcoin from the start have evolved as a challenging technology which too has several challenges to be faced from other currencies that grew following bitcoin. Till date it has faced several such challenges and stans successful. So this time too it has come closer to overcome the challenge and survive.

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March 26, 2017, 04:25:04 PM
 #6

Scaling bitcoin is a challenge nowadays and I think SegWit will resolve that once and for all. We will have to wait for few more days and will see the positive result for sure. But apart from scaling, I don't see any other challenge with bitcoin.

There is no competition. No other coin can take over bitcoin at least for another 5 years. However, with time some coins will become the main competition for bitcoin and eventually take over it, but not at least now.

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March 26, 2017, 04:32:17 PM
 #7

From all I know, there are no big possibilities to make payments at online sites with anything else than bitpay.
I think as long as bitpay only accepts bitcoin, there is no threat from altcoins.
The mass of the people will stick to the currency they can buy stuff with.
Everything else is for traders.

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March 26, 2017, 05:07:25 PM
 #8

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?

Honestly i don't think that any other virtual coin can compete with bitcoins in future potentially however ETH is doing a bit good and might compete but bitcoin is known for long so bitcoin will dominate.

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March 26, 2017, 05:11:36 PM
 #9

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
Challenge: Very high transaction fees nowadays hope it will be solved quickly.
No altcoin could compete with bitcoin and infact,all the altcoins are valued based on bitcoin value.
Bitcoin has already overcomed various critical conditions and it will still exist.

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March 26, 2017, 05:17:27 PM
 #10

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
All other alts are just clone of bitcoin and they don't have any real life uses so they are not challenging bitcoin in any ways.

Bitcoin have survived till now from different network attacks and we can assume that it will survive for so many coming years.

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March 26, 2017, 05:22:52 PM
 #11

Yes ofcourse.To be real it already does in its journey to the internet for almost 5years and competing other currencies and alt coins out on the market that is trying to get the attentions of bitcoin users and bitcoin itself

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March 26, 2017, 05:27:00 PM
 #12

I think it can. It's not easy but these are not the first difficulties bitcoin is facing. It's also the big challenge but also some kind of test to see how strong bitcoin realy is and where are the limits. But I don't think bitcoin will disappear, so far it has become part of financial world.
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March 26, 2017, 05:30:04 PM
 #13

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
Challenges : Scaling debate ? When segwit will be activated all this debate will be over.

Competition : With which coin? If you think ETH, DASH etc gonna kill bitcoin than you are wrong, actually other cryptos are just trying to share some marketcap with bitcoin and they will but they can't be more valuable than bitcoin in future too.
I wouldn't say that it's not possible for other currencies to be higher in market cap than bitcoin.

All these currencies can live in the same world together, not really in competition, but all together.
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March 26, 2017, 05:34:36 PM
 #14

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
Challenges : Scaling debate ? When segwit will be activated all this debate will be over.

Competition : With which coin? If you think ETH, DASH etc gonna kill bitcoin than you are wrong, actually other cryptos are just trying to share some marketcap with bitcoin and they will but they can't be more valuable than bitcoin in future too.

bitcoin is so good than the ETH, Altocins etc,. if there is a crypto made similar to this still the btc will remain the best way of investment. the main
benefit of btc is if the value falls down after few weeks again the btc value increases, because there is lot of trust with bitcoin now and more
users are joining in the btc industry which is a very good sign of it getting more popular, it will cope up with any sort of challenges provided in its place.
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March 26, 2017, 06:01:23 PM
 #15

Bitcoin can survive all its challenges because has mass endorsement from Crypto-Currency community, it's the most trusted currency even for people who don't know anything about Blockchain, Crypto-Currency... It's already consolidated as main currency, and I think it's a terrible mistake to do a hardfork now. It's the biggest Bitcoin challenge until now in my vision.

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March 26, 2017, 06:08:52 PM
 #16

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
Challenges : Scaling debate ? When segwit will be activated all this debate will be over.

Competition : With which coin? If you think ETH, DASH etc gonna kill bitcoin than you are wrong, actually other cryptos are just trying to share some marketcap with bitcoin and they will but they can't be more valuable than bitcoin in future too.

bitcoin is so good than the ETH, Altocins etc,. if there is a crypto made similar to this still the btc will remain the best way of investment. the main
benefit of btc is if the value falls down after few weeks again the btc value increases, because there is lot of trust with bitcoin now and more
users are joining in the btc industry which is a very good sign of it getting more popular, it will cope up with any sort of challenges provided in its place.


Bitcoin has been surviving from past 9 years sorry not surviving it is enormously spreading and expanding like anything. there might be many alternate coins like altcoin, litecoin,peercoin and all but nothing can stop the block the btc. btc is crowded like anything and from past 9 years we all know btc is very safe to use, highly secure, less transaction charges and more profitable than other coins. so bitcoin will not survive but it will glint,keep faith on btc which will get us the best profit ever by another other coins. 


 
 
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raven7886
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March 26, 2017, 06:23:45 PM
 #17

Bitcoin can survive all its challenges because has mass endorsement from Crypto-Currency community, it's the most trusted currency even for people who don't know anything about Blockchain, Crypto-Currency... It's already consolidated as main currency, and I think it's a terrible mistake to do a hardfork now. It's the biggest Bitcoin challenge until now in my vision.
Yes, nothing is new for bitcoins in terms of challenges to overcome as in past bitcoin has overcome these more successfully. The debate for scalability might be a concern in my view but the rise of altcoins will not matter against bitcoins for sure by considering the community base of bitcoins. People will start forgetting the altcoins which are being intensively traded today when some new coins will be invented.














 

 

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Kprawn
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March 26, 2017, 07:03:11 PM
 #18

These challenges are part of a consensus based network. We {nodes} are given the opportunity to chose what we want Bitcoin to be and this is

based on a consensus decision process. Yes, it might take a bit longer than the usual corporate centralized processes, but it gives normal

individuals a opportunity to be part of this process. You cannot walk into Microsoft and place a "vote" on the direction they need to go with their

coding with say Windows OS, but you can do this with Bitcoin.  Grin

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Yakamoto
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March 26, 2017, 07:18:52 PM
 #19

anything that could make bitcoin could survive in an era like today, with all the challenges and intense competition with other coins?
I'm not quite sure what it is you're asking about, but in my opinion Bitcoin exists basically entirely due to the support of the community and the use it experiences compared to other cryptos such as ETH, DASH and the like. It's a lot like when Litecoin was Bitcoin's major competition.

Other cryptos do bring different functions to the table, but a majority of them are constrained by a lack of community involvement, which makes sense for most of them. Some, like ETH, are gaining community backing because of functionality, and is growing along with it.














 

 

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shield132
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March 26, 2017, 07:29:38 PM
 #20

In cryptocurrencies there are Bitcoin and altcoins. Nowdays ethereum, litecoin and some other altcoins are used in some service but they aren't as popular as bitcoin. Also one main reason is that there is invested huge amount of money in bitcoin businesses like mining datacenteres, exchanges and etc. We can't referee bitcoin's future with only one challenge, there are team of developers behind bitcoin and this means we will survive despite number of challenges.

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