what if bitcoin becomes inferior

[puradak]

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion. I have a little bit of bitcoin. I'm pretty relieved just to have Bitcoin. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

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[Charles-Tim]

After bitcoin has been existing, there has been so many altcoins. As at today, there are over 27000 altcoins, but bitcoin has over 50% of the market dominance. Most of the altcoins are tokens on a centralized blockchain and most of the remaining are also centralized. Bitcoin remain to be like a true decentralized digital currency which is far more decentralized. I am surprised that as of today, with over 27000 cryptocurrencies, bitcoin is still at the top with none of the other coins that show any sign of overtaking its market capitalization. Although, yet not a surprise because of how the altcoins are.

[Wiwo]

Technologies involve every time and new developments always come up from time to time,  and if it is a good technical,  then the world will welcome it and it is as a compliment to what we already have that be it so I don't see any threat to bitcoin if there be any feature successful development that plays the role as bitcoin since we already have some alternatives currencies already.

Google did not replace Yahoo but then both are playing there vital unique roles,  it all depends on how you the user take them at per time and how you chose to use them and when to also use them.

[Cantsay]

How is this thread different from the previous one you made? What if the second Satoshi appears?

At one point or another a different project will come that will give us more than bitcoin has already given and the fact that we have been in support of bitcoin does not mean when we see a project with good intentions and with actual solutions for now all that we have are just some wolf project trying to present themselves as sheeps.

[mindrust]

Bitcoin has a network effect which the other coins will never achieve to get. In the early years of crypto, it was easier to create a natural coin distribution via mining but now it is impossible because everybody knows about crypto. Big miners will capitalize the new projects leave nothing to the average people. Bitcoin is unique that way because when bitcoin came to surface, most people couldn't understand what it is about. Some people sold their stash as soon as they they doubled their money.  No other coin will have the same natural history like bitcoin. Also remember, bitcoin is a software. It gets updates every once in a while so when a new idea appears, btc will use it as well. No need to worry about it.

[tbct_mt2]

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion

Did you read?
Satoshi's lesson.

Satoshi Nakmoto Institute archives literature about Satoshi Nakamoto.
The complete Satoshi

In Bitcointalk, you have a big list of topics on Satoshi Nakamoto.
I gathered every Satoshi Nakamoto thread.

But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

Bitcoin  now is bigger and stronger than in 2009 and a few years after that. It does not get it after one night, immediately after the Genesis block but it gets it slowly with time.

You will understand more about it after reading The bullish case for Bitcoin.

[sokani]

A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

You've raised a very good question and honestly I've never thought about this before. Just as you pointed out, the world is evolving everyday, technology is constantly been improved and newer products are developed as we've seen with automobiles, television, aeroplanes etc. However, since Bitcoin came into limelight there have been many cryptocurrencies that have sprang up, claiming to outperform Bitcoin. Most of them have disappear into thin air while some of them are in life support fighting for their dear life. So what I can tell you is that Bitcoin is here to stay and there's really not going to be any altcoin that will outperform Bitcoin.

[Churchillvv]

How is this thread different from the previous one you made? What if the second Satoshi appears?

Well I noticed this same thing and that is why I decided not to continue with writing on the discussion and instead make a correction. The fact that you also said something about it means most people saw it and ignored and continued with the discussion either to complete their post count or something else. But @OP don't you think it does make sense to repeat what you have said ?


I also observed something but I don't how clear it is to others but for me it's certainly not understandable if you have read the first post then you have to notice it too or maybe I'm the person that is not understanding the statement but let's get it clear. Or may if am wrong i should be corrected by the @OP

Satoshi gave us a gift called Bitcoin without any greed and went somewhere.

And you said this below in the other thread leaving me with confusion. The greed here is my problem, are you saying below that Satoshi created Bitcoin with greed or you are saying he didn't create Bitcoin with greed? This two sentences are very confusing to me. Because it breaks the rule of concord in English, and smell this to be a result of paraphrasing tools or AI.

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?

[Pi-network314159]

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion. I have a little bit of bitcoin. I'm pretty relieved just to have Bitcoin. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

I think the only constant thing in life is changes. As time passes by, so new technology always comes up. Other technology advancement might come up but I think It would not be in form of crypto currency or blockchain technology. Even if it's crypto currency it would only be and update of blockchain technology to secure it harder to  prevent hackers to penitrate our wallets. If Satoshi nakamoto brings a new thing I don't think it would be Bitcoin again. Looking from what he did after Bitcoin, he created Bitcoin forum to make people interact vividly on bitcoin and it's inportant and how long it will exist. If he would have created another thing that would be more than bitcoin I think he wouldn't have created this forum.

Taking about cars that wear created in 2009, if you check they are still car I don't think if there names change from car to another thing. Rather there version changed. Blockchain technology is an invention which Bitcoin has gained popularity so far and people has been grinded much on it. So I think there is nothing that shake people.

[oktana]

It's a bit like the classic story of innovation and progress. Just as Yahoo gave way to Google, new and improved technologies can emerge over time. If another brilliant mind like Satoshi comes along and creates a better system than Bitcoin, it's a chance for the crypto community to evolve; a win for us. IMO, the key is to keep an open mind and adapt to changes while we also honor the essence of decentralization.

[electronicash]

it all boils down to popularity. once something new comes out, it will have to compete with BTC and see if it can topple BTC. so many have surfaced along with ETH in the past but have not been successful enough to replace BTC on top. the closest to BTC by far the difference is just the blocksize is BCH.

as of now it is only ETH that has been challenged many times that's why there are ETH killers but none of the devs are ever so crazy to claim their project is a BTC killer.  

[Kelward]

A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

You've raised a very good question and honestly I've never thought about this before. Just as you pointed out, the world is evolving everyday, technology is constantly been improved and newer products are developed as we've seen with automobiles, television, aeroplanes etc. However, since Bitcoin came into limelight there have been many cryptocurrencies that have sprang up, claiming to outperform Bitcoin. Most of them have disappear into thin air while some of them are in life support fighting for their dear life. So what I can tell you is that Bitcoin is here to stay and there's really not going to be any altcoin that will outperform Bitcoin.

A good question indeed about if another crytocurrency were to take over from bitcoin as the undisputed leading cryptocurrency, maybe bitcoin can still have it's relevance or it'd be relegated to being called "shitcoin". I sincerely hope that will not happen, because bitcoin has my respect, as the first and most outstanding crypto that has changed the narrative of transactions from banks to DEX. Another reason why i won't like another crypto to take the lead or be in pair with bitcoin in the crypto space is because, crypto in general might start to loose value just as other lesser coins are not worth much.

We live in a competitive internet age, where almost anything is possible, technological innovations are happening everyday. Individuals and firms are outdoing each other to give better versions of their innovations, so we'll just wait and see whether any any cryptocoin can take over from bitcoin, although I won't worry myself about that now.

[The Cryptovator]

Bitcoin is the mother of cryptocurrency, so any other coins, even those advanced from Bitcoin, will still be an altcoin. I am talking about those creating virtual currency using cryptography. So technically, any cryptographic altcoin won't surpass or destroy Bitcoin due to the nature of cryptographic blockchain technology. But I admit there would be a new virtual currency with some other latest technologies instead of cryptography and blockchain. It doesn't mean a new virtual currency would replace Bitcoin. Both would exist on their own platforms. Both would be welcomed by digital currency users. For example, you are using Bitcoin, but you can't ignore PayPal or other digital fiat currencies. All of them exist on their own platform, which we continue to use. MFS (Mobile Financial Services) is performing well when the traditional banking system still exists.

[Stalker22]

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What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

WTF, OP? I get you are excited about this topic and want to discuss it, but making multiple posts about the same thing is a bit much.  We like fresh ideas here, not reruns.  Dont you know how to use the forum? Its like you are stuck in a loop, repeating the same thing over and over. 

What if the second Satoshi appears?

[Jating]

I looked for traces of Satoshi on the Internet. I've read all of his posts since 2009. He is sublime. If you read his writing, you can feel his passion. I have a little bit of bitcoin. I'm pretty relieved just to have Bitcoin. But if you look back at history.. Yahoo lost to Google. Yahoo was great, but Google was even better. Satoshi gave us a gift called Bitcoin without any greed and went somewhere. The problem is, new geniuses are born all the time, and technology advances. Bitcoin is not physics. It's blockchain technology. Which means that bitcoin is not an immutable law. A better technology than Bitcoin could emerge. What should we do if someone gives us a better system than bitcoin as a gift and leaves? It performs better than Bitcoin, and it even has the perfect decentralization of Bitcoin, which we value highly. Bitcoin was created in 2009, and now it's 2023. Cars made in 2009 cannot be better than cars made in 2023 or later. What if someone with as much genius and passion as Satoshi is creating a system better than Bitcoin?

Of course that is the nature of technology, some of them come and go. But so far with all the thousands of altcoins that have existed, no one can still topple Bitcoin. And maybe Satoshi was really a genius. I mean him disappearing really put his "Project" into like an enigma that up to this day, it is still the number 1 crypto and not even anyone can get close to it.

Actually there was an attempt before, and it was called "The Flippening", wherein Ethereum supposedly overtaking Bitcoin, but they failed.

And then "The Rippening", Ripple as well, but then again, their attempts met similar faith as Bitcoin didn't moved.

So still depends on Bitcoin enthusiast to make it and continue to be the dominant coin and so far all signs pointed that Bitcoin community is very strong till the next the decade.

[GiftedMAN]

That is why we have the altcoins market for people who are passionate to create their own coin and monetize it in a way that people would invest and hold if they like the concept and utility of the project. There are so many amazing crypto projects in the crypto market but there is no one that can be compared to Bitcoin looking at the way the system works allowing every interested investors to mine and earn Bitcoin as long as they want to be mining. Many of the altcoins we see in the market are there to enrich the dev and the team pocket with little funds for marketing to create awareness about the project.

[Upgrade00]

Something better does not make Bitcoin inferior.

Bitcoin will always function as it was designed to.

[Baofeng]

Something better does not make Bitcoin inferior.

Bitcoin will always function as it was designed to.

And if we look at it, there are a lot of altcoins that might be better and superior to Bitcoin, like in terms of speed and confirmation times they are very quick. However, the question is, how safe are those altcoins from not being hack?

If the OP is interested, he can check this out: https://howmanyconfs.com

Most likely this is the very reason why bitcoin will not become inferior, it was designed to be robust and it is very secured regardless of the critics saying that it is very slow and not instant.

And even if we have altcoins that is near instant, no one can take the place of BTC and it remain superior.

[Dr.Bitcoin_Strange]

What if there's also no technology like Bitcoin in centuries to come? Bitcoin has lived for a decade now, and since then, other technologies and altcoins have always emerged, but none have beaten Bitcoin. Defi came, NFT came, and CEfi also came but could not do better than Bitcoin. I still remember some Defi projects that I invested in, and at first they were giving me some profit, which was tagged as auto-compounding profit, which always generated more of that coin in my wallet every minute and hour. But today all the Defi projects I invested in are dead, and even their telegram groups are all dead. I am very young, and if you ask me, I would say that there is no technology coming so soon that can surpass Bitcoin; it could be centuries after I am no longer alive.

[Mate2237]

Bitcoin didn't start from superior and it started from the inferior so it will not go back again. You are something of futuristic and not present. For now bitcoin is highest. If anyone will create a coin that will be more then bitcoin then indirectly fiat currencies will be wiped away from the earth. And the coin that will come will be an imitation of bitcoin because now bitcoin is a decentralized and also if that coin will be decentralized then is an imitation of bitcoin.

You have misquoted everything about Satoshi Nakamoto. Bitcoin was not created in 2009 and only that shows that you read the upside down of the white paper and not the inside. For you information bitcoin was created in 2008 and was launched in 2009. You should go back and re-read it again for the comprehensive understanding of the white paper because for now. You are out of point.

And for your information, Yahoo is very active and from beginning Yahoo was for chatting and searching and google was mainly for searching only. At first Yahoo was having different functions than Google. It is still functioning very well. I am still using my Yahoo mail. Yahoo is serving it purpose. So I don't see here google is more important than Yahoo and all depends on the function.