what if bitcoin becomes inferior

[Renampun]

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?

If you look at the current crypto market, there are so many developers who claim to create something better than Bitcoin and what you see, of course, is just a one-sided claim (they consider themselves better than satoshi). You are wrong if you equate bitcoin with cars because that is not an appropriate equation, if car manufacturers continue to innovate on the cars they create, that means things are different with bitcoin, the number of bitcoins cannot be added or reduced, bitcoin will always be like its natural nature forever.

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[flyingcarpet]

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?

Bitcoin has a decentralized structure. Besides Bitcoin, there are thousands of altcoins. In fact, many coins were launched to become a new Bitcoin, but they were not as successful as Bitcoin.

Bitcoin brought a different understanding. If something new like Bitcoin is to be successful, it must come with a different understanding. At the same time, the comparison between Google and Yahoo may not be accurate. Two different companies that are successful in their own fields.

I would like to say one more thing that what you say is not possible, that is, I do not think that there can be another similar to the formation of Bitcoin and its experiences and development in the market.

[Peanutswar]

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

As for now there's nothing coin released that surpass bitcoin itself it this could be the biggest news of all time, but currently, most of the coins created besides bitcoin or we call altcoins are still some of the follower of bitcoin price, and its feature. We know why Satoshi created bitcoin because of wanting to become transparent and decentralized if another creator offers like this I guess no most of them want to become have authority and power with the coin they've created. The reason most of the altcoins are centralized. Just my cent, if someone will offer the same as the bitcoin i guess could be another life changing.

[libert19]

It may get inferior but it'll remain the first one who started all this, this fact can't be changed no matter what. You talk about later time meanwhile we have heard talks of Ethereum flippening Bitcoin already.

[vv181]

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

Good. Better technology would replace the old ones, especially if it brings something new to the table and fixing the current problems. I do not see that would be a concern for the community. Bitcoin doesn’t have to be followed religiously. And an innovation being used widely and replacing the old one is a common thing. We can see it happen to many other system or aspect of technology in general.

This should not be a concerning matter, honestly. Better system that fix or solve user needs will surely be utilized more massively.

[bluebit25]

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

So you can imagine yourself coming up with the next technology that can pioneer and replace bitcoin. I know that's not going to happen in terms of ideas and some similar crossover is unlikely compared to bitcoin. In fact, even at the present time, there are different opinions about the acceptance of bitcoin, so don't expect too much that something will happen soon because the OP mentioned the historical development story. Then remember how long it took Bitcoin to reach its current state.

Anyway, I'm not too fanatical about Bitcoin, but when it comes to technology, I think it is currently much ahead of its time. I really feel very lucky to be people who know about bitcoin. But if what OP happens, I'm not sure I'd be knowledgeable enough to recognize it early on.

[knowngunman]

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?

It's definitely hard to imagine something as groundbreaking as Bitcoin but you are right that innovation is constantly happening in the blockchain and cryptocurrency space. Yes, I know quite well that there are a lot of different possibilities and it's hard to predict what will actually happen if something better than Bitcoin emerge eventually. But one thing to keep in mind is that Bitcoin has built up a lot of momentum and network effects over the years. What I mean is that, even if a new cryptocurrency is better than Bitcoin in some ways, it would be very difficult for it to completely replace Bitcoin. The fact that Bitcoin is limited in supply, I think it could remain a popular store of value even if a better cryptocurrency comes along.

[adultcrypto]

Even though I have learnt to keep an open mind as regards Bitcoin, I wouldn't want to give this a second thought because it is practically impossible. Are you by any chance suggesting that a new innovation will emerge that will gain the acceptance that Bitcoin enjoys? Don't forget that several cryptocurrencies have been developed, some claiming to be an improvement of Bitcoin yet the later remained unbeatable and incomparable to anything in the digital space. Well, it is good to dream but we should not put too much hopes I dreams we know will not come true.

[bayu7adi]

History shows that no coin has surpassed Bitcoin, but who knows what the future holds? We should always embrace the changing times and technological advancements, right?

Some people might not like the idea of Bitcoin having competitors, but let's open our minds. Every technology becomes outdated and is replaced by something new. It all depends on society's needs and preferences for comparison. We know that Bitcoin can be used for investment and transactions, but it's not without its flaws.

For instance, you've probably experienced transactions taking a long time to process and the fees being quite substantial. These might seem like minor issues, but never underestimate them, as there are those who exploit these shortcomings. If Bitcoin does find its successor, we should be ready.

[taufik123]

History shows that no coin has surpassed Bitcoin, but who knows what the future holds? We should always embrace the changing times and technological advancements, right?

There are many factors that can be said to go beyond Bitcoin.
Like transaction speed which may be much faster than Bitcoin, privacy issues, and decentralization do not have.
Bitcoin remains decentralized and is the King of Coins that will affect all altcoins.

In the 14 years since Bitcoin was created, there have been many coins claiming that they are better than Bitcoin and even forked Bitcoin.
But nothing has ever surpassed it, coins that claim to be better than Bitcoin will just disappear and not be chosen by users.
Bitcoin remains Bitcoin and nothing will ever replace it.

For instance, you've probably experienced transactions taking a long time to process and the fees being quite substantial. These might seem like minor issues, but never underestimate them, as there are those who exploit these shortcomings. If Bitcoin does find its successor, we should be ready.

But if we can think wisely and keep up with technological developments. If we find a replacement for Bitcoin and it can indeed be replaced, we must be ready.
But whether the replacement can fulfill everything that bitcoin has and is better.
Before Bitcoin is finished mining, Bitcoin will still be at the top according to the course.

[Hamza2424]

Haha, Bitcoin vs Altcoins is not as simple as Yahoo vs Google, What are you talking about OP, a better-decentralized system as far I know with the existence of Bitcoin there are so many Altcoin projects, calling themselves decentralized and blah blah, on the end they were not even close to the decentralized system and Bitcoin's decentralization can only be a daydream for them.

When I was a newbie I had heard of many projects hyped by rumors they'll surpass Bitcoin and at that time I was also taking it seriously by looking at their interesting marketing tactics, time to time this happens, on the POS vs POW debates times the hot topic was after the degradation the ETH will completely suppress the Bitcoin in market capital and domaince, It almost going to be 15 years and none of the concept dared to even close up to the domaince of Bitcoin and many many 15 years will be going to be a dream for those who are waiting for Bitcoin to be down from the King's Postion.

[retreat]

Many speculate that Bitcoin will die and be replaced by coins A, B, C, and so on, but the fact is that up to now Bitcoin is still the most popular cryptocurrency invested by many people globally. I'm sure that there will be more better coins than Bitcoin, but will it take Bitcoin's place? no one knows, but until now people are still investing in Bitcoin, which means Bitcoin is still a favorite, and maybe it will last in the future.

[Negotiation]

I think the possibility of bitcoin being inferior is very low and other currencies will take a long time to compete with Bitcoin. Bitcoin is a very old currency and its popularity is increasing day by day bitcoin is the king of crypto will live as long as bitcoin no one can mess it up anymore. This shock has hit the economy of all developed and developing countries everyone is looking for a systematic way for coins like bitcoin. Virtual currency can be introduced in other countries in a special systematic way but no one can compete with bitcoin. Cryptocurrency or bitcoin currency will change the economic face of the world.

[GiftedMAN]

What should we do if someone gives us a better system than bitcoin as a gift and leaves?

Firstly Op Bitcoin isn't an ordinary gift Bitcoin is a cryptocurrency which means it will always be in existence even though there is an introduction of another coin which can be regarded as altcoin. So many altcoins has been introduced since Satoshi introduced Bitcoin yet none has been valued more than Bitcoin regardless of the rumors that has been said against Bitcoin by its haters why do you think the introduction of another coin will even make Bitcoin to become inferior when Bitcoin has gained more popularity and recognition than any other coin? New technologies may be introduced but none can make Bitcoin inferior not even fiat that existed before the introduction of Bitcoin.

[m2017]

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?

As soon as this new genius appears, then we will begin to look for a solution to this problem, but for now, we will probably be content with what we have. Namely, bitcoin.

You are wrong about cars. What about those released 50 years ago? I'm talking about retro mobiles. Most of them are more expensive than new cars. These cars can't compete with modern ones in speed, comfort, technology, etc., but note that these cars very expensive. Think about it.

Faster, more technologically advanced and more modern are not always better for society. Some public consensus is important here. Bitcoin is recognized as number #1, flagship, symbol of cryptocurrencies. Everyone wants to own this, not some shitcoins. Even if what you described happens (a new genius creates a new brilliant cryptocurrency), bitcoin will still remain what it is now. This is not just cryptocurrency, it is the personification of all cryptocurrencies.

[blckhawk]

In terms of network and how it works, there's not much improvements but given how there's already a lot of developers that have been trying to solve what bitcoin lacked and still not get the same result that bitcoin have shown through the years and even if there ever is a crypto that will beat bitcoin in terms of technology, no one's going to beat bitcoin when it comes to being a pioneer and being a solid investment plus you also have to consider that when it's cryptocurrency related, it's always going to be bitcoin that many will come from their mind first more than any other cryptocurrency out there so in terms of superiority, I don't think that bitcoin's going to be beaten by any even if they say they've got a better technology than what bitcoin has because they lack bitcoin's prestige and notoriety.

[Eternad]

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.

No one can beat what Bitcoin achieved especially Satoshi. He is the only creator he didn’t cash out his holdings and let the community decide for the future development that makes Bitcoin the true decentralized blockchain. I believe no project can beat that since most of the project main goal is to gain profit especially for its creator.

There’s a lot of blockchain that has a better performance than Bitcoin yet no one has the feature of being real decentralized since most of them have DAO while the team or VC holds the majority of the tokens to manipulate the development of the project while Bitcoin is pure community driven project.

[Forever101]

Your sense of reasoning is high, your assumption is right,  I know many will not agree with your saying but it is the very truth. Anything can happen and the former superior can later become inferior. Life is full of change that occur on daily basis as humans find better way of doing things. If it happens that bitcoins is about to go inferior, the new technology will have to compete until it overcomes, which will take  a considerable number of years, this will give bitcoins investors the chance to take their decision on which side to belong

[kryptqnick]

Bitcoin has been dominating the crypto market for more than a decade, so I see no reason to believe that it's going to change any time soon. Bitcoin isn't losing dominance over time, and its closest contestant, Ethereum, is nowhere near it. Sure, hypothetically, at some point, there can come a more attractive currency that might beat Bitcoin, but it's going to be really hard to do because of the sheer number of altcoins as a widespread dismissive attitude toward them. In any case, if that happens, one can choose to remain true to Bitcoin or to sell Bitcoin and switch to the next big thing. So it's not really a problem.

[Promocodeudo]

OP, I love you reasoning, but you have to know that the technology behind this Bitcoin is high, if another person comes up with another idea, people weigh the value of a while and decide the one to go for, but for now we have Bitcoin which is the highest rated cryptocurrency, if this come to existence people will be left with options either to continue with bitcoin or dump it for the newest option but for this to happen, the new one has to higher in value and price more than bitcoin.
Op, we have to be realistic I Don't think that any cryptocurrency will ever be valued more than Bitcoin instead of this to happen bitcoin will continue to rise, Bitcoin has proven beyond reasonable doubt to be the best among all.