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April 13, 2018, 01:54:47 AM Last edit: April 13, 2018, 02:10:00 AM by MovieChain |
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In terms of likelihood, the probability of Monero replacing Bitcoin is so very low, at least not in the nearest future.
During the next six to the thirty-month horizon, Monero has such little probability of attaining a dominant position so massively exceeding that which bitcoin currently enjoys such that bitcoin was considered essentially obsolete and was, in a practical sense, effectively redundant, that the chance of this can be considered ZERO.
However, in terms of capability & potential, Monero can match Bitcoin and thus if enough cryptocurrency users largely abandoned bitcoin in favor of Monero. This alternative to Bitcoin, it has the technical capability to provide the same or similar functionalities to those which are bitcoin provides by virtue of its core design purpose. Therefore, Monero ‘replacing’ Bitcoin is definitely plausible; which is to say: within the foreseeable future, it is a reasonable possibility at least, if not an absolute certainty.
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