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South Park
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April 19, 2020, 05:21:02 PM |
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Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
This has been a point of contention for a very long time but things are not so easy, you are thinking about bitcoin just as you would do of any technology, it seems you think we can easily replace bitcoin with another coin but that is not true, bitcoin is also a network which means that the more people are using it the more difficult it is to replace it, and when we see that only a handful of coins have any kind of support from the community then it is easy to see it is way easier to update the code of bitcoin than to try to get millions of people to use another coin. |
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No Gods or Kings. Only Bitcoin
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Nhor1011
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Daxetoken.net
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April 19, 2020, 05:30:50 PM |
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Bitcoin will remain the king of all crypto and no other coins can replace it. Bitcoin is a strong digital currency despite of ups and down which is just normal in crypto market. If you know the nature of bitcoin ,i think you will not ask if there is another alcoins rise to replace bitcoin.
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dingo25
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April 19, 2020, 05:32:13 PM |
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The only altcoin that can overtake Bitcoin at market cap is USDT
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cytpoway121
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April 19, 2020, 07:06:11 PM |
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Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
From basics, there hasn't been any coin that has overtaken bitcoin, even though etherum and ripple has been so close. Do not expect any redundancy in bitcoin, because an altcoin moon all depends on bitcoin movements and the over reliance isn't stopping soon |
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lixer
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April 19, 2020, 07:11:56 PM |
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Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
I am one of the firm believers of progress and because of that thinking I believe there will definitely something that will overtake bitcoin and even make all cryptocurrencies be worth %1 of what it is worth today. However that is not a coin that I am considering, I am thinking maybe we could have something so unexpected and so unforeseen before that it will be much better than crypto currencies. If bitcoin is considered better than fiat right now, that means we worked on it and found something that is better, one bitcoin worths thousands of dollars you can see it from that. Yet that doesn't mean that in the far future something much better than crypto couldn't come up, maybe one day someone will create a chip on your arm that you can use to spend everywhere (well that is payment processor and not money but you get it) and suddenly everyone will get it, who knows? |
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Chuky92
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April 19, 2020, 07:28:56 PM |
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Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
Yes it is true that technology evolves where new tech overtake old tech and so on, but it seems the reverse is the case in this crypto space. There have been blockchains or altcoins with the aim of overtaking Bitcoin, some came with the idea of scaling, some with the idea of high TPS, some were termed blockchain 3.0 and 4.0 etc but yet they are still struggling to achieve their aim of overtaking Bitcoin. The question is, what's delaying them? Bitcoin has been here for years maintaining its position as the best cryptocurrency, the most decentralized blockchain etc and from the look of things and how most team are going about their project it shows that Bitcoin will continue occupying that position. |
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Firefoxx
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April 19, 2020, 07:45:08 PM |
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With how far bitcoin has gone I do not think any coin or future project can go above bitcoin. Bitcoin is the head in Crypto and have gained much recognition. No coins can ever overtake bitcoin price it's very impossible and unachievable. Bitcoin will keep leading. I know some projects are really doing well with volume and rate but non can reach BTC
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cute nmp
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April 19, 2020, 07:51:40 PM |
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Well I honestly think there is any altcoins that can surpass Bitcoin.It is the first altcoins to be developed in other words we can say that Bitcoin is the foundation of crypto-currency.If you look closely it will be observe that anytime the price of Bitcoin increase all the other altcoins increase and vice versa . Honestly I don't any altcoins will surpass it
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Mealea
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April 19, 2020, 07:53:48 PM |
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If another coin will overtake bitcoin? Well I will not say no and I will not say yes because in life anything is possible but even if any other coin will overtake bitcoin it might not be that easy. Let's wait and see.
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cizatext
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April 19, 2020, 08:44:59 PM |
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Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.
Despite the flexibility of many alt coins they have failed to meet up with bitcoin in terms of demands in the market and the criteria use to measure is they price no alt coin have been able to make such high price rather their end up as pump and dump. |
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SacriFries11
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April 19, 2020, 11:05:51 PM |
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Maybe but it is quiet going to be difficult to see any coin that will overtake bitcoin. People still believe bitcoin being around before others is more transparent and decentralized than any other altcoin. In fact there are categories of some people who still dont know there are other crypto apart from bitcoin. it will be very hard but nothing is impossible
It's built to be on the top of all cryptocurrency and many alt coins already tried but all of them failed. If we consider in the long run like in the future we can't tell. Just like you said, maybe technology continue to improve day by day, and we can see more incoming future like btc looks in the future. Everything will become more in business application platform and more flexible like Eth. I guess this alt coin will always closer to btc incoming near future. |
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bangkecol
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April 20, 2020, 12:37:58 AM |
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In my opinion there is no Altcoins can replace Bitcoin.
Altcoin exists because Bitcoin existence . On the contrary, altcoins price depends on the bitcoin price.
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Script3d
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April 20, 2020, 01:09:51 AM |
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If there's a altcoin that's gonna replace bitcoin it's gonna have a tough time dethroning, altcoins are continuously being developing so does bitcoin.
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inanilujimi
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April 20, 2020, 01:24:24 AM |
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never, until whenever there is an altcoin that can match bitcoin.
in crypto space bitcoin is the life of all crypto, so it will be difficult to match what bitcoin has achieved with any altcoin.
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AD Node
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April 20, 2020, 03:03:43 AM |
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Maybe, but this is something totally unpredictable, for now, Bitcoin I still the king, in a few years we can have a good crypto that may replace it, and we have a lot of options, LTC, ETH, BCH, DOGE, and thousands more.
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azmirihaque
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April 20, 2020, 03:26:33 AM |
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I can't believe how bitcoin becomes redundancy. Bitcoin has already acquired the highest position in the world crypto environment. Now it is more popular than any other coins and its popularity is increasing continuously. Many governments are approving bitcoin in their countries, different universities, colleges and schools are opening subject on bitcoin and after all more people are engaging in bitcoin transaction. So, there is no chance to drop it and it is not easy for other cryptos to take the place of bitcoin. Yes, bitcoin technology may change but its protocol will be upgraded and bitcoin always be the leader of the crypto world.
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Python Master
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April 20, 2020, 07:27:50 AM |
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Many altcoins already overtaken Bitcoin in technology. It seems impossible for any altcoins price can overtaken Bitcoin price in coming years.
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bits4books
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Crypto is not a religion but i like it
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April 20, 2020, 07:40:31 AM |
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Can an egg command a chicken?
An obvious answer to an obvious question.
If any of the tokens will become more popular than btc, it will only be after the death of btc/not in the near future.
To "win" someone over btc, you need a total change in the perception of all cryptocurrency users, and this is a process that cannot be artificially provoked and quickly carried out. This is like building communism - in theory it is possible, but in practice it is impossible.
There are a lot of projects with better TPS, wider feature range, faster development, etc. But btc was the first one and this is the main reason of btc dominance.
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kopisusu
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April 20, 2020, 08:07:40 AM |
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I think there is no possibility on any altcoin that could overtake bitcoin. Even the ethereum coin that has the most potential altcoin doesn't ever overtake bitcoin even for over a decade. In the future we dont know what would happen in the market but i'm definitely sure no altcoin can ever overtake bitcoin unless bitcoin definitely fall its value.
if bitcoin falls, of course all altcoins will also experience it and maybe more altcoins will die. and as you said if there won't be altcoin that can overtake bitcoin |
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OrangeII
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April 20, 2020, 08:37:17 AM |
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Wait decades before this happen. Altcoin cant even be compared to bitcoin level, so happening this is a small percentage of chance. Im not looking down on altcoins, but stating the fact that bitcoin is the first and famous coins, with its high volume and market cap even the top 2 or 3 still far from even closing the gap between their stats. The only project can even compete is ethereum but still not in a million chance they can surpass bitcoin. Their tech is useful but remember the negative side of smart contract as source of scam projects using their tokens right?
despite knowing that. there are still quite a lot of people who hope that someday there will be a better altcoin than bitcoin. in the past, many coins identified would exceed bitcoin, one of which is ethereum. Well, at the moment I am not very sure about Altcoin that will surpass Bitcoin, but I am sure with Altcoin that has the potential to develop along with the development of bitcoin. |
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