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Author Topic: Will Bitcoin Adopt New coins ?  (Read 3022 times)
finzyoj
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October 23, 2019, 06:22:25 AM
 #61

snip
Bitcoin cannot be integrated to other altcoins. They are using different blockchain technologies, some are more advanced than bitcoin has. I think what you're trying to convey is that bitcoin would adopt what other coins have 'features' in them and implement it to bitcoin.
Indeed, each coins got their own features and advantages and these cannot be shared to one another. So if you find bitcoin not practical because of its high transaction fee or if you find it slower then you are free to switch into other coins. But for me I'm still contented with btc's performance so far but honestly I might switch into eth or xrp on the upcoming years.
what is so great about bitcoin?
Is the Price enough to say it was great? Roll Eyes



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October 23, 2019, 03:32:48 PM
 #62

~snip~
Bitcoin will adopt every new altcoin every time, new altcoin become part of bitcoin if success listing on exchange market and have trading peer with bitcoin or ethereum, when listing on big exchange market excatly new altcoin become part of bitcoin where investor can sell or buy using bitcoin peer. New altcoin have been success with sale investment and listed with big market.
Well, I don't think that bitcoin will adopt new coins because they might find another way to be able to consume lesser energy and also make their blockchain faster rather than adopting new coins instead. Yes, there are too many altcoins but they had different features and different ecosystems had built. But they use bitcoin as a pair of trading when they are listed on the market, seems like what happen to Ethereum.

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October 23, 2019, 04:13:21 PM
 #63

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




So, how do you think other coins were created? Most of them are based on Bitcoin protocol as it was recognized as a perfect one, so it's logical that other coins are connected to Bitcoin.
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October 23, 2019, 04:22:29 PM
 #64

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 you should go and look for the whitepaper of Bitcoin to help you understand some things about bitcoin.
That will help you to  avoid asking this kinda question in the future.  This just tells me that you don't really understand anything regarding bitcoin and its blockchain network.
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October 23, 2019, 04:26:18 PM
 #65

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

Is Bitcoin competing with new coins right now? So far Bitcoin dominance is still 66%, Bitcoin is  decentralized so don't expect a central figure or a main office for it, unlike altcoins where there are offices and developers controlling the direction of the coin, the whole community are the one developing the direction of Bitcoin and that's what makes it unique compare to altcoins.

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October 23, 2019, 04:32:34 PM
 #66

Maybe you mean hard fork? bitcoin changed their block system to bitcoincash. I think because it comes from bitcoin hardfork, the concept is to become a crypto that is still of high value. I think to make crypto with a different concept, cannot be done by bitcoin.

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October 23, 2019, 07:21:19 PM
 #67

Blockchain technology keeps improving all the time, all that is needed is to improve the network on which bitcoin transactions are performed. There is no need for new coins to be linked with bitcoin to improve transaction speed or as a means to reduce energy consumption that comes with the mining of bitcoin.

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October 26, 2019, 06:25:14 PM
 #68

Maybe you mean hard fork? bitcoin changed their block system to bitcoincash. I think because it comes from bitcoin hardfork, the concept is to become a crypto that is still of high value. I think to make crypto with a different concept, cannot be done by bitcoin.

Yes, bitcoin is bitcoin, and i think it will something like gold, for fast transaction will use something else, maby new crypto currency based on neiro blockchain tecnology)

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October 29, 2019, 01:44:33 PM
 #69

Every cryptocurrency on the market is decentralized. So, Bitcoin will compete with newer coins on an equal basis. Also, there is not any cryptocurrency that is linked to Bitcoin and I don't think there will ever be.

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