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Author Topic: Will there be a replacement for bitcoin one day so that bitcoin isn't number 1?  (Read 219 times)
serjent05
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December 10, 2022, 06:37:47 PM
 #21

I like Bitcoin and I wanted it to stay on top but I also believe that the only permanent in this world is changing.  There is no fixed thing in this world.  Everything has to be updated, changed or replaced.  I believe in the future Bitcoin will be replaced by a better currency, but when and who will create it is still unknown.  In terms of being top of the market cap, of course, it is possible that it can be replaced by another higher market cap coin.  Development continues so with the advancement of technology, the once advanced feature of Bitcoin will become obsolete one day, just like how barter was replaced by currency, physical money by digital money, and so on.

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348Judah
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December 10, 2022, 06:50:56 PM
 #22

Will there be a viable replacement for bitcoin one day?

I think i came across a thread as well of recent that ask about this same thing if bitcoin will be replaced but OP you need to understand that what we have as at present is bitcoin and ever since the invention of this there have been alot of altcoins coming in and out to create something similar to it but all were centralized, bitcoin has not yet witnessed a counterpart for now and no any other form of digital currency be it cbdc, crypto projects, altcoins or tokens and that is why bitcoin has an ever increasing value despite it volatility people were still in search for it over the internet, they want to know, learn and invest in it because it's the present time world financial  economy solution of decentralization, which is absolute freedom and no other form of currency aside bitcoin comes with such.

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December 10, 2022, 07:51:14 PM
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 #23

But technically, Bitcoin is still unbeaten; it may take a long time to overtake it.
With the current conditions, actually I also answered this for myself, but indeed I am still not very satisfied with the answer I have, even though I also know that bitcoin is still in the ongoing development stage and maybe even will continue to exist until I am old and not even in the world because they will run out in a century to come but when this answer is only me who answers it doesn't feel very complete in my opinion so I need someone else who convinces and your answer adds confidence in me.

there is always something new that can replace the old

This isn't a hard law of nature. It's just an observation that humanity makes progress. I'm sure at some point in history Bitcoin would fade away, maybe the network will even effectively stop. But it might not be described as a direct replacement. Bitcoin could be used less and multiple other things could be used more.
This is a point that I am aware of in this case because indeed we live where everything always refers to progress in all fields but on the other hand we are still thinking whether there will be a point where bitcoin will disappear because looking at the current conditions and for the progress of bitcoin which is getting more and more well and its development continues to make a real splash is it possible that the word "lost" will happen? So what will happen to the many people who are even willing to call this their religion, even though I'm not that extreme, my thoughts are getting wilder and wilder.


I saw a few tweets about this on one of the social media a few days ago and it made me think of something.

I have no doubt that people should be informed, but I also believe that one should know how to find the right sources of information - in other words, bad information can only confuse you.

This is my fault maybe because in this case I always look for several sources which are sometimes not very clear on the legitimacy of these sources which makes me more confused because of thoughts that keep floating. and maybe I will make another filter to find information later so that it will minimize other wild thoughts.

Will there be a viable replacement for bitcoin one day?
we know that bitcoin has been the first and only one that can be trusted (at least for me) until now but have you ever thought that there will be other projects later that can replace bitcoin in the future?
~snip~

Do you think it is possible for a new Satoshi to appear and simply say "my project is better than Bitcoin"? People believe in Bitcoin because it is the only decentralized cryptocurrency, and this is something that no other project could do regardless of how much money, time and everything else they invested. My personal opinion is that in some distant future, Bitcoin and the whole concept of the financial system may no longer exist because people will move to a higher level of existence.

Until then, Bitcoin will exist as an alternative for those who feel that they need something like that, and whether that number of people will grow over time or not, only time will tell.
As for this I'm not sure because it refers to Satoshi now he also doesn't even say anything because indeed confessions about good things have to be from others not self-confessed and I don't even hesitate to say it's a mistake if someone admits that the project is superior to bitcoin without any real proof there.


Thanks for your feedback, I'm very satisfied with some of the answers provided and I'll probably lock this thread so it doesn't lead to other wild thoughts.

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December 10, 2022, 08:06:02 PM
 #24

Really? After so much bitcoin is going through and we are going to talk about this straight to the face of Bitcoin.  Cheesy
Nah, I dont think so there are any capable projects. There is no way they gonna replace it because bitcoin is like tried and tested coin which is #1 since then and ETH was on who went very close to it but Bitcoin jumped 100 steps further from it and went up crazy up in terms of valuation. As you know if anything is precious then people will always find a way to posses it and that's what bitcoin is going through. It has already created unprecedented amount of attention and it's gonna increase more as move further. There is no way any project will come out of thin air and cross all the phases of life that Bitcoin lived!
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December 10, 2022, 09:00:24 PM
 #25

Will there be a viable replacement for bitcoin one day?

I think i came across a thread as well of recent that ask about this same thing if bitcoin will be replaced but OP you need to understand that what we have as at present is bitcoin and ever since the invention of this there have been alot of altcoins coming in and out to create something similar to it but all were centralized, bitcoin has not yet witnessed a counterpart for now and no any other form of digital currency be it cbdc, crypto projects, altcoins or tokens and that is why bitcoin has an ever increasing value despite it volatility people were still in search for it over the internet, they want to know, learn and invest in it because it's the present time world financial  economy solution of decentralization, which is absolute freedom and no other form of currency aside bitcoin comes with such.
^Inshort, only BTC has a real decentralized feature than the others.
I don't know what is replacement OP talking about, it is a replacement that means BTC is become totally vanished?
I don't think so, BTC will remain always the number one digital currency, for how many years BTC has existence and beyond that how many coins/project that has been created for the purpose of alternating BTC functions, but most of them has remained altcoins and BTC cannot be replaced.
My answer is no, there is no one the same on BTC that can replace it.
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December 10, 2022, 09:13:55 PM
 #26

I saw a few tweets about this on one of the social media a few days ago and it made me think of something.
Will there be a viable replacement for bitcoin one day?
we know that bitcoin has been the first and only one that can be trusted (at least for me) until now but have you ever thought that there will be other projects later that can replace bitcoin in the future?
this refers to a number of things where indeed there is always something new that can replace the old and this has been proven by several cases such as when the Spanish dollar used to rule and was always number 1 for two centuries but now it has been replaced by the US dollar. For Crypto, we also know that MT Gox was the biggest Exchange at its time but for now the biggest is Binance.

I have never doubted bitcoin from the beginning when I was here until now, but my wild thoughts have always asked whether new projects can compete with or even replace bitcoin, especially with the current conditions of bitcoin, which is very difficult to pass anything.

It is possible that there could be a viable replacement for Bitcoin in the future. The world of cryptocurrency is still relatively new and evolving, and it is difficult to predict with certainty what the future holds. While Bitcoin has been the first and most successful cryptocurrency to date, it is possible that new projects and technologies could emerge that could compete with or even surpass Bitcoin in terms of adoption, functionality, and value.

However, it is important to note that Bitcoin has a large and dedicated community of users, developers, and investors who are committed to its success and continued growth. In addition, the technology behind Bitcoin, the blockchain, is a proven and secure platform for digital transactions and has been widely adopted by other cryptocurrencies and industries. These factors make it unlikely that any single project could easily replace Bitcoin as the dominant cryptocurrency in the near future.

Ultimately, the success or failure of any cryptocurrency, including Bitcoin, will depend on its ability to solve real-world problems and provide value to its users. As long as Bitcoin continues to meet these criteria, it is likely to remain a viable and trusted option for investors and users.
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December 10, 2022, 09:20:05 PM
 #27

A few years back we hadn't imagined we will see Bitcoin this way. But Bitcoin ruled digital currency though there were exist some other fiat digital currencies. So it's hard to forecast what will be the near future. If you talk about truly decentralized currency then I don't anything can be replaced with Bitcoin. Because till now all other currencies aren't truly decentralized anyway.

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December 10, 2022, 09:54:32 PM
 #28

But technically, Bitcoin is still unbeaten; it may take a long time to overtake it.
With the current conditions, actually I also answered this for myself, but indeed I am still not very satisfied with the answer I have, even though I also know that bitcoin is still in the ongoing development stage and maybe even will continue to exist until I am old and not even in the world

Thanks for your feedback, I'm very satisfied with some of the answers provided and I'll probably lock this thread so it doesn't lead to other wild thoughts.

speaking of wild thoughts. just for a laugh

the tulip craze of the 1700's happened

its now 2022 and i can still buy tulips in my local florists/garden centre, they still have value and still make businesses profit by selling them

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