What if the second Satoshi appears?

[bitmover]

But what happens if someone creates a blockchain that is faster and better than Bitcoin

Nothing will happen.

When bitcoin was launched visa already processed thousands of transactions per second. Bitcoin was created anyway, not because it would be faster, but because nobody controls it, i.e., decentralized.

Speed is not important here.

World needs a decentralized currency, which is permitiontless and borderless.

Many people created bitcoin forks that should be faster, but they are just ignored or just made a few people rich.

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[EluguHcman]

The possibilities of AltCoins taking over Bitcoin is extremely a 99.99% heavy task talk more of a yet inventing future crypto currency to challenge Bitcoin that is already existed as the first invented crypto currency which has been acceleration to maintaining its values and potentials and as a matter fact the most reliable crypto currency.

In summary it is impossible but imaginarily if possible, I will be reminded of the strategy of MMM consider the said coin to be a Ponzi scheme because it is impossible for a just newly invented crypto currency to overhead AltCoins talk more of Bitcoin the topmost crypto currency in values and in reliability.

However, I would refuse to be flexible to things that  glitters for all are not gold. Besides... I am already adaptive and inspired on my journey of Bitcoinaire to take control of my emotions towards investment Strategies and choice makings.

[Quidat]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

Just put up into your mind.

• Innovation is unstoppable and inevitable
• There's no such thing about permanent into this world
• Things really get outdated
• Everything would really be that depending on the demand

Thing here is that Bitcoin is really that the father or the main coin that we do have on this market or simply being the origin.
Yes, it might be that a little bit outdated comparing into those current existing ones but still you could see  that demand isnt really that something
that could be dictated. Bitcoin remained #1 but doesnt mean that it would really be guaranteed to be lasting up forever.

This is why it would really be that your choice in speaking about on what coin or project that you are really that want to invest with.

[Renampun]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

there is only one bitcoin in this world, it is only bitcoin which was created by satoshi nakamoto, out there, there are many altcoins that claim to be the best, the fastest, the safest than bitcoin but until now those altcoins have not been able to shift bitcoin from the top. bitcoin will never be replaced, because bitcoin was created to improve the world's financial order, bitcoin will continue to exist while altcoins, surely one day they will just disappear and always remember there will be no next bitcoin, bitcoin will not be replaced.

[BIT-BENDER]

surely one day they will just disappear and always remember there will be no next bitcoin, bitcoin will not be replaced.

I have to disagree with you as long as investors exist in Crypto-currency then altcoins would never disappear it's the best alternative especially for those investors would don't have the financial capacity to purchase Bitcoin in large quantities also those who have interest in short term pump and dump coins, Crypto-currency is big and everyone has their own point of interest so I think in the future we may not see some certain altcoins (probably went to the ground and never rose) but there would be more altcoins in future that would replace them.

[oktana]

If someone were to create a blockchain better than Bitcoin, it could definitely get some attention. But Bitcoin has been around for a while, and it’s kind of like the gold standard in the crypto world. So, even if a new and better blockchain comes along, it might take time to gain that level of trust and adoption. Both of them could even coexist, with Bitcoin as the digital gold and the new one for different purposes.

[virasog]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

How about the altcoins that are created and some of them are really fast and have cheaper transaction fees but they are unable to replace bitcoin. Some altcoins may call themselves bitcoin killers, but they could not overtake the marketcap of bitcoin.

I don't think anyone can develop a better blockchain than Bitcoin. Bitcoin has proved over the period of a decade that it is a foolproof blockchain and no other can match.

By the way, one thing to note is that the founder of Bitcoin Satoshi Nakamoto does not exist, and therefore there can be no change in code, in supply etc. I hope you can understand the transparency here as there is no owner who can dump the majority of the holdings (as it happens with most altcoins).

[GbitG]

There is currently no crypto project as reliable as bitcoin, but above all, that users give it so much trust, hence, any project will take many years to achieve the latter.

Yeah, for sure, there is beyond doubt that currently there are so many alternatives
Which is better than Bitcoin in terms of speed, less fee, etc. due to its service measures, but cannot make itself a worthy attribute like Bitcoin. It is obvious that, apart from Bitcoin, other coins are similar. But in a decentralized ecosystem, the most important point is trust. And if we talk about trust and confidence, Bitcoin is at the top and has become prominent in the eyes of people.

And now if someone claims that I can implement something better than Bitcoin, then he will be right, but even putting all the effort into it, he will not be able to provide something as trustworthy and valuable as Bitcoin. Because Bitcoin has given people a complete guarantee that it is trustworthy despite the day and night interruptions, and now when the new satoshi needs to gain their trust first, they can go for it. Then they can take what Bitcoin has taken. But in fact, it is not possible that he will be able to lower the legacy of the real Satoshi Nakamoto (Bitcoin) and get himself on top.

[The Cryptovator]

Can I ask why you are creating multiple threads on the same topic? After that, you created this thread, which is almost the same: https://bitcointalk.org/index.php?topic=5472843.msg63104804#msg63104804

Why are you concerned about the new cryptocurrency? There are a lot of altcoins, and I don't see anything to worry about. It's a normal procedure that something always comes new, and individuals don't welcome everything. Just look at the market and see how many coins exist and how the community has welcomed them. I don't ignore the possibility of a new advanced virtual currency, but that doesn't mean Bitcoin will not exist.
 

[tjtonmoy]

Money has been used for making transaction or purchases for who knows how many centuries. Don't you think Bitcoin is better in every way than money? Then why Bitcoin is still struggling to get accepted by every people in the world? The answer is user-friendly and reputation. If I make a new currency and try to use it instead of money, how do you think people will react to that? Do you think they will accept it immediately or it has to be around and prove itself to be worthy?

My point is, Bitcoin has been with us for almost 15 years. It has been around for a long time to create a reputation in which people have faith in it and they are using it as a community. People have already tried creating something similar to Bitcoin but none of them have worked out as good as Bitcoin did. And everyday more and more projects are popping up from thin air in which most of them are scams. How do you think people will take something new that claims to be better than Bitcoin and the most important part, being decentralized.
How can people be sure that the person who invented that is really not going to take control over it? We live in a world where we doubt almost everything and can't trust anything. There will always be people working around the dark. How do you fix that? If it can prove its worth over time, only then people will accept it something as great as Bitcoin or better than Bitcoin.

[Japinat]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

Everything that is good at first might not actually last and still end up being useless. But if this new innovation gains more advantages than bitcoin, and is seen to be more productive and profitable than bitcoin, then why not? People will eventually rush to study it and invest on it later on. However, we can't expect people to finally leave bitcoin as easy as it is. Bitcoin has been here for more than a decade and until now its still in high demand and still proven valuable and profitable. They might be tempting to engage with this new one but that is only for exploration until proven that its way more beneficial than bitcoin.

[Raflesia]

There are lots of possibilities that could happen, but in the future, getting something like that can't be done at the moment because of course the most important thing right now is that we also have to pay attention to several other factors such as Popularity and Quality. owned by bitcoin.
Bitcoin is the best at the moment and we know what Bitcoin's popularity is like at the moment and indeed this is supported by the quality that Bitcoin has so that everyone here thinks that Bitcoin is the best because of its quality, although there are no guarantees, its progress is very good for the future.

Now we have seen many projects that are even faster than bitcoin but their popularity and quality are still weak so even though there will be possibilities as you think with developing technology but bitcoin will remain bitcoin that will not disappear for some time to come. for years or even decades because its popularity and quality will still be highly accepted by many people.

[Viscore]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

For me, its never a threat to the original bitcoin innovation. It needs to prove its utility case first and should exceed the performance and profitability  of bitcoin so that people will be more attracted to invest in it and make it as a priority. However, it may take years for it to happen and for sure, with the high rate of scams in the market, people will be more cautious not to invest and trust into new innovation unless if it can outperform bitcoin and its utility cases in the market.

[Dr.Bitcoin_Strange]

Definitely, people always go for what they think is better for them. Right from the development of Bitcoin, there's one thing I noted about it, which is consistency in price movement and popularity, but for some other investment means, it has only been a trend that comes and goes. Perhaps a trend can last a while, and before you know it, it's not the same as it was again. Bitcoin is constantly growing, and if there is any technology that can beat Bitcoin, until then, we shall know what will happen. But as far as I know, there are still other forms of investment like real estate, gold, bunds, stocks, etc., but most people still stick to Bitcoin. Even if there is another technology, people will still have their Bitcoin.

[Dunamisx]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

It's a free world, no one is stopping them, let them sit down and think of a possible offer that is far better and then introduce it to the world, if we see its something new and different with more better offers, then it will surely boom, just as after the introduction of bitcoin, some so many people have also tried to create their own altcoins to counter bitcoin but they couldn't succeeded, so it's a matter of who is ready to be the next Satoshi and what new thing did he has to offer.

[HelliumZ]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

Now the market like Bitcoin has fulfilled multiple coin development but hundreds of projects have vanished from the market. I don't think there will be a competitor to Bitcoin in the near future. Coins like Bitcoin are created but may not be as popular as Bitcoin due to disclosure of ownership. In my view, any coin similar to Bitcoin can enter the market and survive.

[mirakal]

What is certain is that the project must be able to outperform Bitcoin in any aspect. If it is lacking in just one of them, no matter how good the project is, the potential to displace Bitcoin is very unlikely. To be honest, we have often heard of projects that are represented as being able to displace Bitcoin by crypto project developers, but in reality these projects are gradually fading and their value is below Bitcoin and some even end up bankrupt and even scams. This explains absolutely that Bitcoin is a monument to cryptocurrency itself that cannot be replaced.

There are a lot of promising projects that were born in the market but the problem is they don’t actually last like bitcoin did. That’s why most of the recent projects these days that are out in the market are now imitating the image of bitcoin, not actually to outperform it and replace its position but somehow to be equal in it. But still, bitcoin still end up having the edge and still on top of others.

However, still I am open to a lot of better projects in the crypto market in the near future. Bitcoin will definitely have its certain end and something new will sure to replace on its position, but for now let’s just enjoy the present and the future benefits that bitcoin has to offer.

[TelolettOm]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin ...

Bitcoin became as big as it is now not only because of that. There are several factors, and Bitcoin trading occurred a long time ago, through a long process, with exposure to various negative issues. However, trust in Bitcoin has never waned. And if you want to know, currently various other blockchain projects have been developed and produced altcoins with concepts and advantages and several things that they might consider faster than Bitcoin, but in fact they are still unable to replace Bitcoin. because once again, Bitcoin is not just about its speed.

better than Bitcoin and puts it out into the world without any greed, as Satoshi did?

Did Satoshi create Bitcoin out of greed? Where can you think like that? This is really funny.

Are people going to ditch Bitcoin away?

Don't think about things like this. And this is something that seems quite impossible to happen. If people dump Bitcoin, then all altcoins will also be worthless. I wouldn't think that people would throw away Bitcoin and Bitcoin would disappear in this world and no one would use it anymore. Unless this is something unexpected in the future for a very strong reason.

[nelson4lov]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

Protocols currently exist that have much more better (security, performance, etc)  features compared to bitcoin even though decentralization is not their strongest suit. At first, I was a big believer of the "Bitcoin has the first mover advantage" narrative  but overtime, it turned out that Bitcoin is much more than that. So even if someone comes around with a new more shiny tech which has been done a couple of times over so anything else will probably be next in line many others that have come before them.

[wallet4bitcoin]

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

Technology has proven to be the best solution apporach to challenges faced by humanity, every decade, a certain technology surfaces solving loads of complex problems and faces trying times and when it succeeds, it gets adopted and then goes through another series of challenges associated with regulations, just as Bitcoin currently is undergoing its own phase. If any technology comes up and goes through this process and survives it, the world will embrace it, Bitcoin isnt the first and its not gonna be the last.