CryptSafe (OP)
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June 11, 2022, 01:48:29 PM |
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Bitcoin is no doubt the first digital currency i.e digital gold to be founded. So far it has taken the lead over other crypto currencies such as ethereum, cardano, stellar etc for some years now. It has been in limelight and had been recognized and accepted as a means of legal tender in most part of the world. Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up? Your thoughts, ideas and opinions are welcomed.
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mk4
Legendary
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Paldo.io 🤖
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June 11, 2022, 01:51:41 PM |
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Bitcoin is the most decentralized and most secure. Being a very simple protocol that only does permissionless value transfers is a huge advantage, compared to other blockchains that are trying to do multiple things.
More features = higher complication = higher chances that some things can go wrong
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Curated Crypto Airdrop Database
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Solosanz
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June 11, 2022, 01:52:09 PM |
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Blockchains is a public ledger who recorded any transactions and Bitcoin is using blockchains, it doesn't make sense comparing between Bitcoin with blockchains, similar like comparing an orange with an apple. The correct is comparing Bitcoin with altcoins e.g. shitcoins. Currently, many blockchain projects are under development with good potentials and use cases.
That's only a promise and I don't see any use cases of 99% crypto, mostly they're shitcoins. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up? Your thoughts, ideas and opinions are welcomed.
Bitcoin will survive since there's no other currency are better than Bitcoin in terms of decentralization, perhaps there's a new currency in the far future will compete Bitcoin, but we didn't see yet currently.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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PX-Z
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June 11, 2022, 02:00:17 PM |
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Blockchains is a public ledger who recorded any transactions and Bitcoin is using blockchains, it doesn't make sense comparing between Bitcoin with blockchains, similar like comparing an orange with an apple. The correct is comparing Bitcoin with altcoins e.g. shitcoins.
You must probably just read the title not the content. It's the same way as bitcoin blockchain to others but reading the content its between bitcoin and alts. Just like what already mentioned, its the security, security over other features is the most important. Bitcoin serves its purpose as a means of payment and now store of value. Other alts just have many useless features. Most of them are just made to make money and make the team behind richer.
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Upgrade00
Legendary
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Playgram - The Telegram Casino
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June 11, 2022, 02:12:34 PM |
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Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future?
Bitcoin is favoured by most cause of the unique qualities it was built with. • High security makes it a good means of storing wealth, • Decentralization means one can transact independently, • Transparency makes it easily verifiable. All these makes it an ideal currency and hedge fund It's impossible to predict how technology would evolve in the coming years as there would always be changes and innovations, but I am certain how Bitcoin would be in the coming years and decades. So, it would always be in use. There can be new projects with new use cases, but that does not affect the usage of Bitcoin BTC
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Captain Corporate
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June 11, 2022, 02:17:19 PM |
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There are none and I have to say that its not about blockchain at all. Bitcoins blockchain is a bad one and there are better blockchains out there, why I think like that? Because its obvious that we are in a situation where crypto is a new concept and altcoins are not doing as well as people think they do, alts are not that much popular and bitcoin is the most known one. So bitcoin doesn't need the best blockchain to move on, its not fast, its energy consuming, its expensive and yet we still keep it at first, because its really decentralized and perfect. Look at others, have cheaper transactions, faster ones, and doesn't consume any energy at all, and yet they are either not decentralized, or brand new compared to bitcoin.
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bittraffic
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June 11, 2022, 02:22:36 PM |
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Can we compare the difficulty in generating the coins/tokens?
Because with BTC, the more difficult it is to mine BTC plus the halving makes its price higher due to high demand and less supply. While other blockchain can generate tokens by staking alone. If anyone can generate coins thru holding coins, they can decide to sell the tokens at any given price since its still considered profit.
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coupable
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June 11, 2022, 02:26:49 PM Last edit: June 15, 2022, 09:31:56 PM by coupable |
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There are none and I have to say that its not about blockchain at all. Bitcoins blockchain is a bad one and there are better blockchains out there, why I think like that? Because its obvious that we are in a situation where crypto is a new concept and altcoins are not doing as well as people think they do, alts are not that much popular and bitcoin is the most known one. So bitcoin doesn't need the best blockchain to move on, its not fast, its energy consuming, its expensive and yet we still keep it at first, because its really decentralized and perfect. Look at others, have cheaper transactions, faster ones, and doesn't consume any energy at all, and yet they are either not decentralized, or brand new compared to bitcoin.
In my opinion, the most comparative advantage of Bitcoin over other blockchains is it's fully decentralized and can't be governed by any entity by all means. The protocol was lunched for the aim to be accessible by everybody without the interfere of any third part entity whatever its power. In the other hand, almost all other alts (except for few ones) are maintained by centralized powers which can control over it whenever needed .
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OcTradism
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June 11, 2022, 02:28:07 PM |
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Most decentralized network Healthiest network with highest hashrate Other blockchain networks will need more confirmations, longer time to have equivalent safety as of Bitcoin network. Because Bitcoin network is decentralized, no single person on Earth can halt the network. https://howmanyconfs.com/
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| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
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Charles-Tim
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June 11, 2022, 02:54:32 PM |
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and accepted as a means of legal tender in most part of the world
Presently, bitcoin is accepted as a legal tender in two countries and one highland, they are El Salvador, Central Africa Republic and an island in Honduras, Prospera accepted bitcoin as a legal tender, but many other countries legalize the use of bitcoin. Currently, many blockchain projects are under development with good potentials and use cases.
Many of the projects are scam, some become shit coins, some become dead coins. If only bitcoin is adopted, scam and money loss would have been not as common as it is as altcoins are shit coins in many ways. Bitcoin remain decentralized, unlike the altcoins that are all centralized. If I see bitcoin as gold, I see altcoins as centralized and some are scam means.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Wiwo
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June 11, 2022, 04:18:52 PM |
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Other blockchain projects such as ethereum and the rest of the other altcoins can not be a match to Bitcoin's competency in terms of security privacy and the rest of the other quality that is embedded in decentralized currency, none of them can perform the role Bitcoin is performing as the unifying coin in the cryptocurrency market and no other digital currency will replace Bitcoin in playing that role not now or the nearest future.
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hyudien
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June 11, 2022, 04:25:36 PM |
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Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up? Your thoughts, ideas and opinions are welcomed.
I'm pretty sure that yes, Bitcoin will survive and destroy all the other goddamn altcoins that die, stop halfway, the developers take the money and walk away. And only bitcoin will survive. Nothing can match that in the concept of Bitcoin journey. Since its inception until now Bitcoin cannot be compared to any other blockchain.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Fatunad
Sr. Member
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June 11, 2022, 04:27:17 PM |
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Bitcoin blockchain tech is just really enough if we do talk about p2p transactions which is decentralized and pseudoanonymous but cant really be denied that there are blockchains which are also good and those things are sitting behind in ranking or below with Bitcoin specially ETH. Smartcontracts utility is something revolutionary and same goes with others too.Despite of being much better than with the current Btc blockchain but still not enough on beating it out on placing themselves on the top which simply means that bitcoin would be always better.
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teosanru
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June 11, 2022, 04:35:47 PM |
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Bitcoin is no doubt the first digital currency i.e digital gold to be founded. So far it has taken the lead over other crypto currencies such as ethereum, cardano, stellar etc for some years now. It has been in limelight and had been recognized and accepted as a means of legal tender in most part of the world. Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up? Your thoughts, ideas and opinions are welcomed.
It's so far the most decentralised one. Even thought this advantage could vanish in just one second if Satoshi is discovered or he moves some of his Bitcoins from his cold storage. But so far this is the biggest advantage that Bitcoin offers otherwise in terms of scalability and price of a transaction it is much worse than others. Only two advantages are it's the first blockchain amongst all others and it is most decentralised one too
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kryptqnick
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June 11, 2022, 04:43:42 PM |
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I think it's true what was pointed out here that Bitcoin is the most decentralized crypto. I also believe that since it has the most resources dedicated to it (dev team, community), it is more secure because of how many people take part in it, can spot and fix mistakes etc. But of course there are more sophisticated blockchains that can be better at certain tasks than Bitcoin. But Bitcoin is good enough and trusted enough, and I think it also helps that we don't know who made it, so there's no power of the creator over the project.
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BIT-BENDER
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June 11, 2022, 04:46:06 PM |
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Well one distinctive difference for me between Bitcoin over other Crypto-currency is passion and reason for creation, I am still baffled that the creator of Bitcoin remains anonymous up till date after creating a master piece that has even reached it fullest potentials, Bitcoin was created with selfless goals and everything was made to be close to perfection, on the other hands many other crypto-currency are majorly business for the creator, many short term business in form of scam and failed project, while many potential long term business.
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buwaytress
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June 11, 2022, 04:46:19 PM |
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Hate to use the word honestly, but it's utility. More people use it, more people use it more frequently, and there's no need to rely on a service or product to continue using it, or to keep reminding you to use it. Support is open and public, readily and quickly available. And there are just more actual businesses and other services building on it, to improve the experience for us.
I honestly can't see any other blockchain (you say blockchain and not crypto right?) coming close to it in terms of utility and that's really how you get something going and keep it going.
Every other alt (save Ethereum) blockchain would kill to have a hint of Bitcoin's utility. What's the point of all the supposed advantage of other blockchains (higher throughput, lower emissions etc) if virtually no one's using it to replace a method or to facilitate something they already do day to day?
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Asiska02
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June 11, 2022, 06:35:42 PM |
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Bitcoin still remains the best cryptocurrency to have ever existed. Its decentralized framework makes it outstanding amongst others decentralized method of operating. Many coins today depends on the market volatility of bitcoin, and can’t stand on their own without bitcoin. I don’t see any troubles coming for using bitcoin, its stance has already been seen amongst other coins and cannot become obsolete as some other coins do.
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PrimeNumber7
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June 12, 2022, 01:15:43 AM |
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Bitcoin is the most decentralized and most secure. Being a very simple protocol that only does permissionless value transfers is a huge advantage, compared to other blockchains that are trying to do multiple things.
More features = higher complication = higher chances that some things can go wrong
bitcoin supports transactions other than "permissionless value transfers". Prior to SegWit, for example, there were certain outputs that anyone could spend (although I don't believe this was ever actually used by anyone). Currently, data can be stored on the blockchain via OP_RETURN outputs. It is also possible to implement fairly basic smart contracts via bitcoin, although there are altcoins that are far superior for smart contracts currently. I don't think something like the ability to execute smart contracts is necessarily a bad thing.
To answer the OP's question, the advantage that bitcoin has over blockchains is that the most effort is used to secure bitcoin's blockchain. In other words, bitcoin is the blockchain which the most effort is put into mining.
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nullama
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June 12, 2022, 01:21:09 AM |
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Bitcoin is no doubt the first digital currency i.e digital gold to be founded. So far it has taken the lead over other crypto currencies such as ethereum, cardano, stellar etc for some years now. It has been in limelight and had been recognized and accepted as a means of legal tender in most part of the world. Currently, many blockchain projects are under development with good potentials and use cases. Now I ask a question, Will Bitcoin survive the taste of time in the nearest future? Will there be any preferential treatment for Bitcoin if definitely a new contender comes up? Your thoughts, ideas and opinions are welcomed.
There has been altcoins since about a decade or more ago. Bitcoin is the most decentralized. Also, there's no premined coins. It's the most secure network.
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