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Author Topic: Why no one creates bitcoin v2 to allow new users to join the bitcoin wagon?  (Read 226 times)
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May 15, 2022, 06:24:05 PM
 #21

It's because it doesn't really make sense to have a Bitcoin ver 2.0 and start from scratch. What will it accomplished?.

And that's why we have this forks that you have mentioned, and as you can see neither anyone of the becoming successful as BTC.

What about billions of people who missed the bandwagon? Not to mention 4 million or so Lost BTC.
No one has missed anything, bitcoin is freely traded and you can buy it as long as you have a small amount of money, now I know what you mean, you want to go back to the early stages in which you could buy bitcoin for less that one dollar, right?

But it cannot be done, even if by some miracle your idea was accepted if billions of people wanted to get that new coin then its price will not be below one dollar and will in fact be too high from the beginning, if you want to invest in a coin at its early stages you have the altcoin market for that, leave bitcoin alone, as such an important project is not going to bend to your desires just so you can get the profits that you want.

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May 15, 2022, 06:49:20 PM
 #22

There have been more than 19400 cryptocurrencies but strangely no one has come with an idea to restart bitcoin so to allow new users to buy and mine it from the start. We already know that 4 million or more have been lost. What stops a computer programmer to copy the entire bitcoin code and change only the limit from 21million to 20 million.
 What stops the average crypto user to not to invest in it?

Yes there have been forks like bitcoin cash or bitcoin sv but they dont start from 0

Satoshi himself stated that bitcoin is only one of the first, there might be superior versions of a cryptocurrency.


There are many of us who doesnt think it strange that there isnt a Bitcoin V2.

The vast majority of us follow the original. Bitcoin is open source and with the Bitcoin
consensus everyone involved to this date has agreed to follow the original.

We would all like to travel back to 2009 and mine the hell out of Bitcoin but we
cannot but anyone can buy Bitcoin and any amount they want.

R


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May 15, 2022, 08:46:39 PM
 #23

There have been more than 19400 cryptocurrencies but strangely no one has come with an idea to restart bitcoin so to allow new users to buy and mine it from the start. We already know that 4 million or more have been lost. What stops a computer programmer to copy the entire bitcoin code and change only the limit from 21million to 20 million.
 What stops the average crypto user to not to invest in it?

Yes there have been forks like bitcoin cash or bitcoin sv but they dont start from 0

Satoshi himself stated that bitcoin is only one of the first, there might be superior versions of a cryptocurrency.


What do you think it would achieve? It seems rather naive and wishful thinking, like someone trying to hop in at 1 dollar and hoping that they will magically be able to turn it around to sell for a thousand dollars in a week. Bitcoin is unique and will always have that "first mover" advantage, as you've already said there are thousands of other altcoins out there and plenty of Bitcoin clones if you want to go for that. People use different altcoins for the traits that they possess, whether that is increased anonymity, more coins in circulation or a less wasteful transaction verification procedure, not just because they want to own a piece of some clone coin with nothing original.

R


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May 15, 2022, 11:10:01 PM
 #24


What do you think it would achieve? It seems rather naive and wishful thinking, like someone trying to hop in at 1 dollar and hoping that they will magically be able to turn it around to sell for a thousand dollars in a week. Bitcoin is unique and will always have that "first mover" advantage, as you've already said there are thousands of other altcoins out there and plenty of Bitcoin clones if you want to go for that. People use different altcoins for the traits that they possess, whether that is increased anonymity, more coins in circulation or a less wasteful transaction verification procedure, not just because they want to own a piece of some clone coin with nothing original.

and besides, many projects have tried creating their own version claiming to be more superior than bitcoin in all aspects. however, where are they now? they can't even get half the achievement of bitcoin. so creating another version may possibly fail as people will always go back to the original bitcoin creation. also, this is the reason why we have so many alts trying to get a niche in this market. for sure, you have encountered some of them saying they are much better than bitcoin, much faster, and cheap. but still up until now, we owed the popularity of usage of crypto because of BTC

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May 16, 2022, 06:58:25 PM
 #25

A new version of bitcoin coming now can never beat the reach (the former one). The new version 2 of it will only make it to be centralized. The decentralized means has already taken its place and cannot be substituted or competed with by any new inventions alike. This is not a nice idea and it can only prompt threat to the people using it the new version of it.

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May 16, 2022, 07:22:30 PM
 #26

Why do you think that? There won't be two Bitcoin at all. Have you seen any country have two native currencies? If not then there won't another Bitcoin version and it wouldn't be accepted by the community. Creating another coin means it will call altcoin always. A lot of coins coming to the market lately, but there are no competitors for Bitcoin. You can invest in that coins if you like to be an earlier investor. Bitcoin Cash and SV call themselves real Bitcoin, but still, all are just altcoins.

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May 16, 2022, 07:43:42 PM
 #27

Satoshi himself stated that bitcoin is only one of the first, there might be superior versions of a cryptocurrency.

Nothing beats out the first no matter how many times you would be creating revisions of it but still any coins which had been created after Bitcoin is considered automatically an altcoin

so its not surprising that there's no v2 but considered its forks then you could already see the result on what are the impressions of people who do really mainly support bitcoin.

So dont expect that there would some v2 of it because even how many they do create it would be still remains as an altcoin.
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