Will Bitcoin Adopt New coins ?

[veleten]

the main idea of bitcoin is that it is decentralized and there is no single entity or organization that control it
it doesn't mean that there is no team working on improving it and adding functionality
take the Core team for example , BIPs can be proposed  by others
and the introduction of LN helps alleviate the transaction speed problem , so bitcoin has no need to "merge" with any other coin
its the so far, unreachable number one, the gold of cryptocurrencies - you would not wanna mix gold with cheaper metals

[ralle14]

Its great that Bitcoin can evolve and adapt then and remain decentralized!

So my question is why are people bothering to buy alt coins that currently are more energy efficient and faster transactions if Bitcoin will eventually implement these ideas and remain the true currency?

Coins like ZCOIN with their minting , and POS coins that dont rely on mining. If bitcoin will eventually implement the best ideas why are people buying? Does their value go up if bitcoin integrates their tech?

People buy altcoins mainly for the profit the same goes for bitcoin even though they're more accepted than altcoins. I don't think having faster transactions or less block times will be implemented in Bitcoin in the near future because there could be more disadvantages to it. Implementing the ideas from altcoins won't increase their value, most altcoins usually get their value from bitcoin.

[Nellayar]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

I don't think that bitcoin needs to adopt a new coin. Since bitcoin is already a coin and BTC has its own purpose. Altcoins are invented because there are also key features that they want to adopt and change in bitcoin. Yet, bitcoin works without them. In fact, it can be have bitcoin without alts but alts can't exist without bitcoin. I really believe in bitcoin specially that it is the foundation of cryptocurrency.

[42K]

I don't think bitcoin will adopt new coins because its not that necessary when I can attest to the fact that bitcoin is independent and can stand on its own now. Aside that, its the most popular and the top leading cryptocurrency in the crypto business as at now hence adoption of new coins isn't that necessary.

[redsun114]

You said there are lots of coins coming up with better solution, please where are they and what the adoption rate is. This is over 4 years now that the first altcoins that promised a better solution to bitcoin technology was launched, and till date, they still have never succeeded in doing so. All these things you mentioned are in every altcoins system also, tee reason why they are just so is because they have not had the volume and transactions that bitcoin has had.

Recently, a mate complained of Litecoin transaction fee getting high, and that was just because of its halving that is approaching, making lots of transaction occur, but you see them already experiencing what people complained about bitcoin, those coins you mentioned are just fast because they have never witnessed 1% of bitcoin transaction, not because they have a better speed or fee.

[Naida_BR]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

There is a strong developers community behind bitcoin that tries to improve the chain.
Even if there is not any official foundation behind bitcoin, there are many believers that they try to make Bitcoin better. However, I don't think that there will be any coins linked to bitcoin as there is not any direct benefit for bitcoin from that.

[Harlot]

Before you even ask for a solution make sure that your problem is already existing or at least even reall. Because what you are saying now is the only thing most people see in mass media which we already have debunked or at least provided a solution now. For example the speed and even the price of the transaction is already solved by the introduction of the lightning network. The energy problem can be quickly be solved by the use of renewable energy.

[NavI_027]

Bitcoin is 10 years old and new coins have emerged for the past 10 years. But look, is there a coin that is integrated with bitcoin, even though the coin is considered better than bitcoin. Well the answer is no, because bitcoin will remain the first and the nature of each coin is unique

Actually, there are some existing alt which really got a great platform and vision that somehow beat btc on such matter. However, all of us is up to the price and taking a look on the essence of the coin is just the second option. I'm not a hypocrite ro deny it and I know you are thinking the same way even withpit admitting it. That's the reason I think why the rest of alts in the market can't get even close to btc, it's superiority can strongly influence us up to extent that we can no longer leave it. If we will compare our life in crypto world to the vast sea then this could be the scenario. We, fishermen, choose to chase the biggest catch. We prefer catching a fully matured salmon rather than a baby bluefin tuna. In short, we tend to look and stick on the coin which got the highest value at this moment not knowing that the coin we rejected could be greater than the other one if it was only given a chance .

[lepbagong]

We clearly know and are known by all, that bitcoin is indeed still the best and number one. and it is not denied, many have grown new coins and are also quite good but they are still dependent on bitcoin movements and cannot stand alone. still difficult to be able to replace bitcoin remains number one.

[atjiat]

Bitcoin is undoubtedly the pioneer of the cryptocurrency market, but today Bitcoin cannot be considered the most profitable and invulnerable from the point of view of competition.  One way or another, the cost of Bitcoin transactions is still high, if you do not worry about transaction times.  But the period the Bitcoin moves on the network is still too high.  Although getting out of this, you need to work on other coins in order to try to implement Bitcoin ideas in other possibilities.

[Nnuego]

No matter how promising new coin can be, bitcoin will still be at the king of all cryptocurrency. If you can't afford bitcoin transaction fee, there are still profitable coin, that has low transaction fee to invest on. It depends on the market price

[Saisher]

Why the need to merge, when Bitcoin is the one that started it all and we all know some early coins are just a clone of Bitcoin or fork of Bitcoin, Bitcoin is a stand-alone coin, it can take care of itself no need to merge to a new coins and if there is merge what coins will those be.

[wxxyrqa]

If someone expresses a negative opinion about Bitcoin, or maybe gives examples of other altcoin, which in his opinion will be somewhat better than Bitcoin, then this will undoubtedly cause a wave of indignation among Bitcoin fans.  I think that no one in my opinion wants to take away the Bitcoin Glory and its merits to users and the cryptocurrency market in general, but we must nevertheless admit that there are certain factors where Bitcoin passes to other cryptocurrencies.  I want to give an example of the Doge Coin coin, which was generally created as something that contradicted Bitcoin and as a mockery, but nevertheless this coin is highly valued in practice among cryptocurrency users and makes it possible to even use it as a means of payment, which was originally expected from Bitcoin  .  Nevertheless, we are still at the very beginning of the development of the cryptocurrency market and it is very difficult to predict what awaits us in the future.

[Argoo]

Bitcoin, no doubt, needs to be improved. Now, probably, there is no longer a coin or even a token with such low scalability. However, mixing it or merging it with other types of cryptocurrencies is not a way out of this situation. After all, this will not be the same bitcoin anymore. Then they will rightly say that Bitcoin was deliberately destroyed. Original bitcoin must be kept clean. If someone wants to improve bitcoin, they usually make a hard fork with the formation of a new fork detaching from the bitcoin.

[pixie85]

I don't see any issues. It's you who sees Bitcoin as slow and energy consuming. I see it as fast because it is much faster than my bank and I don't care about its energy consumption because it's paying for itself. It's not stealing energy from someone but using what it can afford. When it's not worth it for the miners they will stop paying for it and you can sleep well knowing that now your bank is using all that energy.

[Lalafell]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

Bitcoin gains legitimacy, larger scale investors, and more adoption. The current value of bitcoin is largely driven by speculative interest. Bitcoin has exhibited characteristics of a bubble with drastic price run-ups and a craze of media attention. But speculative interest in bitcoin, we assume, will decline as it achieves adoption. These assumptions are can be the causes why bitcoin is on the top.

[goto22]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

I think that is highly unlikely. BTC should come up with its own solution, like the lightning network. Linking and merging with another coin would likely damage its brand more than it could ever help its technology.

[Wexnident]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

Just like what others have said, bitcoin has no team managing it because it is bitcoin. Besides, what you are saying is a problem that isn't even called a problem. The development of bitcoin as a coin itself is managed by different contributors who would want to develop bitcoin to a brand new age. Besides, bitcoin stands as the forefather of most coins and can be seen as the one who depicts whether other coins would rise or fall. Saying that bitcoin has issues means that the pillar that stands tall above other coins is just a piece of wood and not really something people would call a "pillar".
Also note, bitcoin isn't competing with others. Others compete with bitcoin. They try to surpass what bitcoin did and so far, they could do nothing but just stand and watch as bitcoin is still the overlord of cryptomarket.

[teosanru]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

There is no dedicated team which owns the complete blockhain or has the power to control the whole network but there is a team of core miners who are dedicated towards blocks mining and improvement over the network. These are rewarded for their work directly through the BTC mined by them while mining blocks of Bitcoin. Moreover if there is a new coin emerging out of bitcoin and there are a number of core miners who support it then BTC is generally hard forked by creating a new coin and splitting it in the same ratio. This new coin is transferred to an altogether separate blockchain. Bitcoin Cash & Bitcoin Gold were two most popular hard forks and after that there was a series of that. So this is how bitcoin gets improved.

[Mpamaegbu]

Hi,

So Bitcoin has issues like speed of transactions and energy consumption.

As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?

There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the  new coins could be linked with bitcoin or that  future bitcoin 'integrates with them and  their technology which therfore increases their prices?

Trying to understand this universe!

Thanks in advance

L

At a point some of us felt Bytebal was the replacement for Bitcoin as it gave Bytebal a grievous chase in price. But that expectation soon died. Then cane the first fork and BCH was born out of Bitcoin. Nothing changed. It conveniently played second fiddle to Bitcoin. What about ETH? They've all failed in that regard. However, I do not still think that Bitcoin will want to adopt anything for anything.