So finally it did was not difficult to dethrone bitcoin!

[cuddaloreappu]

The narrative built all these years was that bitcoin is immune to government intervention, to the extent that it will one day overthrow the state..

but ha ha ha

all it took was one small civil war between a  startup called block stream and a bitcoin early adopter and thats all....

 its time for the community to save bitcoin to be on the top ever...

[Paashaas]

ETH will be replaced by Rootstock much easier than ETH taking over Bitcoin

[Wind_FURY]

OP and you think Ethereum does not have its own technical problems? It does. It might have worse scaling problems than Bitcoin in the near future. Their blockchain has already become massive if you take how long it has been online into account.

[Pursuer]

when you don't understand how ethereum lacks the main and the most important factor in cryptocurrncies, and that being the lack of a decentralized decision-making mechanism, there is nothing anybody can say to make you understand how literary any other altcoin has a much bigger chance than ETH has!

[danherbias07]

This should go to the altcoin section.
It is just another attack and a free advertisement for Ethereum.
They will just do anything to talk about it again when it is being forgotten.
Hell, if it is really the best coin why do you think there are still alts out there that are trying to fill that hole which is missing with both bitcoin and ETH whom you think is the better one.

[cuddaloreappu]

seems it is much easier to make bold decisions with ethereum...

i am sure ethereum will face difficulty scaling, but would be much easier to change stuff and adapt to demands with ethereum than bitcoin which wasted 2 years of scaling debate..

[cuddaloreappu]

seems it is much easier to make bold decisions with ethereum...

i am sure ethereum will face difficulty scaling, but would be much easier to change stuff and adapt to demands with ethereum than bitcoin which wasted 2 years of scaling debate..

I am not speaking for ethreum...anyway your point is valid and I will delete that line about ethereum

[Xester]

The narrative built all these years was that bitcoin is immune to government intervention, to the extent that it will one day overthrow the state..

but ha ha ha

all it took was one small civil war between a  startup called block stream and a bitcoin early adopter and thats all....

 its time for the community to save bitcoin to be on the top ever...

Bitcoin has really failed to overthrow the banks and the state. And that is because everything we do including our business activities are being monitored and regulated by the state. Bitcoin is in a state wherein it needs to be exchanged for fiat currency in order for us to purchase things and this just implies that bitcoin has not function yet as a currency but rather as a commodity. And the moment we tried to exchange our bitcoin to fiat currency in an exchange the government is already intervening.

[dinofelis]

Bitcoin has really failed to overthrow the banks and the state. And that is because everything we do including our business activities are being monitored and regulated by the state.

No, it is because it was badly designed, that's all.  Bitcoin contains several fundamental design issues.  The most important is ironically what it is touted for to be important: its emission curve, sending out a lot of coins in the beginning, and going down to zero.  That turns bitcoin not into a stable currency, but into a speculative asset.  The second one is proof of work as consensus mechanism, which industrializes and centralizes the system in an industry/customer relationship, instead of a user community.  And finally, the last one is the block chain itself, where everyone needs to know every other transaction in the world in a very specific list in full order.  I would add to that the traceability of bitcoin, which make it a dangerous way of using your money because your spendings are open to the world, graved in stone.  But on top of that, there are religious beliefs in bitcoin that kill it totally: the idea that the number of proxy servers of the unique chain is important, and that therefore, its size should be limited.

It is not the state's fault that a thing that is designed to be a speculative asset with clunky technology based on erroneous economic and game-theoretical beliefs, doesn't replace the worlds' financial system.  However, it will take a maybe big chunk out of speculative finance and at a certain point, banks will love it, especially in combination with its buddies, alt coins, to get money out of the pockets of home-traders and believers.  

But this thing was ill designed to become money, and hence it didn't become money.  Apart from those places where normal money cannot go and it doesn't undergo competition: dark markets and other such things.

In fact, the reaction of states is in many cases surprisingly positive towards including bitcoin in the legal system.  In many countries, it is not illegal to possess crypto.  If you declare them correctly, and you use legal exchanges in a transparent way, bitcoin and other crypto are in fact not stopped by the states.  Nobody stops you from using bitcoin to do payments.  But it is simply not practical, and you are obliged to speculate on bitcoin if you use it, because it has no price stabilizing mechanism (on the contrary, bitcoin has to "rise" with adoption, which is an economically crazy idea for a good currency).  There's no point in using bitcoin as a currency, it's a hassle.

[kokojie]

ETH will be replaced by Rootstock much easier than ETH taking over Bitcoin

How can it be replaced by something that doesn't even exist yet. Counterparty promised smart contract and ETH-like function on Bitcoin blockchain, yet failed to deliver.

[xuan87]

Well bitcoin still stand on top and it is impossible to be on top without any obstacles and I believe bitcoin still the strongest despite all the rumours and incidents, other coin also got their own problem that is why the alt coin still can't become number one in coinmarket and it is not that easy to dethrone bitcoin

[Kakmakr]

Ethereum is the wannabe version of what Bitcoin was 4 years ago. People who do not understand how dangerous centralized decision making is, will waste their money on it and when they realize it, it will be too late. Ethereum was initially developed as a smart contract network and now suddenly people think it is the perfect payment network. ^smile^

[iqlimasyadiqa]

Well bitcoin still stand on top and it is impossible to be on top without any obstacles and I believe bitcoin still the strongest despite all the rumours and incidents, other coin also got their own problem that is why the alt coin still can't become number one in coinmarket and it is not that easy to dethrone bitcoin

Bitcoin will still be the majority of digital currencies in the world today. Errors and negatives that have a big impact that can reduce the popularity of bitcoin.

[ImHash]

It's not bitcoin's fault that people like to invest their money on other coins, bitcoin is still a decentralized network/ currency, I bet many of you think decentralized means many miners operating in different parts of the globe, but in reality it means that every one is free to join the mining process at any given time and by doing so can receive the block rewards.
If you have the means and technology to manufacture ASIC machines there is no one stopping you from becoming a major miner, first learn these things and it did was not makes no sense in the title.

[Juggy777]

The narrative built all these years was that bitcoin is immune to government intervention, to the extent that it will one day overthrow the state..

but ha ha ha

all it took was one small civil war between a  startup called block stream and a bitcoin early adopter and thats all....

 its time for the community to save bitcoin to be on the top ever...

Well tried op! You did get our attention but sadly Bitcoin is not going anywhere and your so called Alts well they will disappear soon. Look at the one coin scam. As for your civil war there are differences in all currencies no need to panic, solution will be found. The government cannot track your transactions till you shift money to your bank account, so not a valid point either. And if you don't know Japan has legalized it, Australia I have read here is about to, no news about Alts mate. Buy some satoshi's before you miss the bus. Bitcoin is here to stay forever.

[Amph]

seems it is much easier to make bold decisions with ethereum...

i am sure ethereum will face difficulty scaling, but would be much easier to change stuff and adapt to demands with ethereum than bitcoin which wasted 2 years of scaling debate..

I am not speaking for ethreum...anyway your point is valid and I will delete that line about ethereum

no other coins at the moment can take down bitcoin if not ETH but even so the gap is still very large, also ETH have not much to do with bitcoin, i can't see it as a competitors, in fact they even said that you coudl use bitcoin on their platform...

the dispute about the block size and possible hard fork willnot take down anything, on the contrary will make this community stronger in the long run, investors also know this

[foxbat]

The narrative built all these years was that bitcoin is immune to government intervention, to the extent that it will one day overthrow the state..

but ha ha ha

all it took was one small civil war between a  startup called block stream and a bitcoin early adopter and thats all....

 its time for the community to save bitcoin to be on the top ever...

Bitcoin is not immune to the government, it is slowly connecting with governments and showing them its potential. Bitcoin's civil war is simply a consideration for development measures.

[audaciousbeing]

The reason for your conclusion is best known to you but at the same this time its not bounding on others. The simple fact is nothing is perfect and every alt out there that prides on better than bitcoin cannot be sure they can stand when they face the pressure and volume in which bitcoin faces and if compromising in one area as you are insinuating then I see nothing wrong and hoping bitcoin will still come out top.

[jekjekman]

the highest price that I saw with altcoins comparing to the value of Bitcoin as of now is around 8 - 10% only, if any altcoin will go near to 50% of the current value of bitcoin maybe I will judge that bitcoin will be dethrone with that altcoin but there is non. This topic seems to only advertise a specific altcoin.

[Herbert2020]

actually it has never been difficult to "dethrone" bitcoin. bitcoin is not perfect!
but the thing you are missing is that nobody ever tried to take its place

a lot of altcoins pretended to do it though. but none of them could even come close. in reality when you start using bitcoin and then use altcoins and compare the experience you will understand clearly what i am talking about here.

otherwise yes, standing outside and just reading some script online written by altcoin pumpers and looking at some numbers like the price and the time between blocks, ... would surely look like some altcoin is better than bitcoin.