what if bitcoin becomes inferior

[SatoPrincess]

Take a look at the last decade pal, there have been “geniuses” who have tried to replicate Bitcoin even from the early days, a good example is Bitcoin Cash. It was speculated that BCH was going to be new Bitcoin, people bought Bitcoin Cash believing it was the better version of Bitcoin and today we can all see how wrong they were. Many coins have been forked from Bitcoin but altcoins can never be the same as Bitcoin because the creators of these altcoins are solely in for the profits.

[ZAINmalik75]

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.

Who said he did not keep anything for himself because he also has many BTC in his holding and those BTC are around 1.1 million in BTC. These numbers are not small, so I don't think it would be nice to say he did not keep anything for him. Like you said, he did all this without any greed. There is no doubt in it that he was doing all of this without any fixed incentives, like if he made BTC or blockchain, he would get this $100k amount in fiat. No, he was making efforts, and if they worked out, which they did, he would be a billionaire at some point in time.

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?

This question has already been asked before, but my answer will remain the same: even if new geniuses come up with another BTC, let's say BTC version 2, would people adopt it? Yes,  they will, because airdrop hunters are always in search of new projects and they will not let this opportunity go to waste.

They will spend money on it, and there is no doubt about it, but BTC V2 cannot compete with the BTC we are using now because all the hard forks of BTC, like LTC, BCH, etc., are better than BTC, but why are they not overtaking BTC?

[Huppercase]

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 is not like other innovations, it's type has not been built ever since it was created because as you said, Satoshi built it with passion without aim of profiting from it but today, look at the market, all the coins and tokens that are been listed are profit oriented, the teams behind it has tokens set for themselves, did pre-sale, public sale and all sort of public funding to raise money just to finance them but bitcoin is difference, no greed people around even the 1M bitcoin Satoshi left to himself is yet to be move or touch a single penny from it.

I'm not underestimating how innovations changes with time but I'm just saying, if there is going to be another coin like bitcoin, the founders and developers has to do something extraordinary and encouraging the people but I don't think it might be fruitful to outshine bitcoin. Even bitcoin is not relaxing, the developers behind it are also working everyday to improve and scale it in other to boost, security and decentralization, other coins lack this 3 aspects altogether.

[Alpha Marine]

Ultimately, I don't think that's a bad thing.
I mean, if we had another coin that has all the wonderful features of Bitcoin and even better, it would be to our advantage. If all these altcoins we have around were like Bitcoin, I believe the cryptocurrency industry would have developed more than it is today.
We are using Bitcoin today and we believe it's the best version of itself, but I believe it can get better, even if we haven't seen it.
People who used sophisticated inventions in the 19th and 20th centuries thought they were using the best version of those inventions, but today those inventions have been updated and are better. For instance, people who used computers in the past decade. The computers we use today might be obsolete by the next century.
Technological advancement is not a bad thing. The good thing about Bitcoin is that it was built to evolve, it was built to grow so it's difficult for it to be obsolete , sobefore something can be better than that, it has to be a very sophisticated invention and that's an advantage to us in my opinion.

[Viscore]

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?

This is not new for bitcoin. A lot of potential projects are born in the market everyday but until now, not any single project has replaced the position of bitcoin. That is the same with the situation you have cited OP. It's not actually a threat for bitcoin if something new better has come up, because the real challenge is if that project will come to conquer the crypto market for more than a decade just like bitcoin did. Of course, there will be higher potential coins that will arise in the market that has better innovation compared to bitcoin, but the problem is if it will get bigger market demand higher than bitcoin since we all know a king will always be a king, and bitcoin will always be the lifeblood in the crypto market ever since.

[mirakal]

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.

I am always open to the thought that bitcoin might gonna be replaced in its position in the long run, and that there's nothing constant but change. But seeing the type pf coins that have been rising in the market, I guess bitcoin has nothing to worry because these new type of coins are nothing compared to bitcoin. Most of them are just too good to be true projects that are obviously formed from the image of bitcoin but fail to prove their worth and validity in the long run and just vanish like thin air. So what we can expect from them are just nothing but an illusion to outperform bitcoin.

Bitcoin might be outdated in the long run when compared with these new high potential coins but as long as the market demand is high, bitcoin will always remain on top of other cryptocurrencies.

[BitcoinPanther]

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?

Remember, Bitcoin is a technology, it is compose of codes which can be modified and upgraded.  It is wrong to compare Bitcoin to physical car since physical car has its limitation and needed to create a new one to go and par with the technology advances.

There will always be a creation that will make other creation obsolete but good thing with Bitcoin is that it can be upgraded according to the current need.

[Bushdark]

Take a look at the last decade pal, there have been “geniuses” who have tried to replicate Bitcoin even from the early days, a good example is Bitcoin Cash. It was speculated that BCH was going to be new Bitcoin, people bought Bitcoin Cash believing it was the better version of Bitcoin and today we can all see how wrong they were. Many coins have been forked from Bitcoin but altcoins can never be the same as Bitcoin because the creators of these altcoins are solely in for the profits.

I don't really know what op really meant by that words but I think it is the wrong words to use. There is no matter Bitcoin can ever become an inferior cryptocurrency looking at how it had started and where it is going. There is no crypto projects that can be compared to Bitcoin whether it had been launch or going to be launched the future. Bitcoin had full control of the crypto market and there is no way a new coin will come up that would have effective dominance in the market than what Bitcoin is doing. We just have to keep buying and holding Bitcoin for as long as we want to looking at the future of Bitcoin.

[Ben Barubal]

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 there is a system that is more than Bitcoin, I am pretty sure that in less than 24 hours it will be reported immediately on any broadcasting news company or any social media platform. But we haven't heard anything like that, right? It means that nothing is better than what Satoshi thought about Bitcoin, which has been known for 14 years now.

  Many have imitated the style of Bitcoin's system, but they still haven't really imitated the concept and features that Bitcoin has until now. Why? That is because of the pure decentralization that it has, which is why it cannot be controlled by anyone powerful in the whole world unless you have it because only you have the authority to handle it because you have the seed, private key, and password.

[GbitG]

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.

Yes, your point is also correct that you said that we are living in the competitive internet age, in which almost everything is possible, but I have a question: do you have any evidence to confirm that any coin can take over Bitcoin or be more valuable than Bitcoin? So far, we have not seen any other coin that has the potential to take over Bitcoin. It is clear that each coin has its own merits and use cases, but it will not be appropriate to compare these coins to Bitcoin or consider them more valuable than Bitcoin because these coins lack the qualities that Bitcoin has, such as being immutable, high value, high volume, etc. So far, no coin has done this like Bitcoin has.

So I mean that bitcoin is the supreme of the cryptocurrency world and no one has the competency to bow it down.

[Kelward]

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.

Yes, your point is also correct that you said that we are living in the competitive internet age, in which almost everything is possible, but I have a question: do you have any evidence to confirm that any coin can take over Bitcoin or be more valuable than Bitcoin? So far, we have not seen any other coin that has the potential to take over Bitcoin. It is clear that each coin has its own merits and use cases, but it will not be appropriate to compare these coins to Bitcoin or consider them more valuable than Bitcoin because these coins lack the qualities that Bitcoin has, such as being immutable, high value, high volume, etc. So far, no coin has done this like Bitcoin has.

So I mean that bitcoin is the supreme of the cryptocurrency world and no one has the competency to bow it down.

For now bitcoin is the king of all cryptos, but we don't know about tomorrow, because before the emergence of bitcoin, i believe that we only had fiat as the only means of currency payments, and for currency trading purposes we have the forex market, that is also fiat. Then bitcoin came and changed the narrative, by introducing digital currency that is decentralized. So maybe one day a better version of bitcoin, that we have not imagined today, can be created, to put bitcoin in second place or even put it in the level to compete with altcoins. We're just analysing future events that can happen in the crypto space, but unarguably for no was we have said before bitcoin remains the cryptocurrency to beat.

Competition is good for crypto coins, so that developers can go to work on how to unseat bitcoin, it's all about innovation.

[taufik123]

-snip-
So maybe one day a better version of bitcoin, that we have not imagined today, can be created, to put bitcoin in second place or even put it in the level to compete with altcoins. We're just analysing future events that can happen in the crypto space, but unarguably for no was we have said before bitcoin remains the cryptocurrency to beat.

Competition is good for crypto coins, so that developers can go to work on how to unseat bitcoin, it's all about innovation.

Even Bitcoin is 14 years old and since the beginning of Bitcoin there have been many other platforms that have tried to displace Bitcoin, but in the end, they will only be defeated by the power of the community and they cannot match what Bitcoin has.

There are more versions of Bitcoin that have emerged since its inception, but they have not made Bitcoin lose or even be eliminated.
Perhaps the strongest to date is BCH, but BCH is also a derivative of Bitcoin, so what does it want to prove that it is better than Bitcoin?

Bitcoin remains an invincible digital currency and continues to use the PoW network ecosystem and will never change, because it will maintain Bitcoin's decentralization.
Unlike other Altcoins that change from PoW to PoS networks.

To be able to compete with Bitcoin, developers must be able to create a new ecosystem that has never existed and not take advantage of what Bitcoin already has.

[CryptoHeadlineNews]

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 it is a different projects entirely that is been created by that new genius, then it's likely to overthrown Bitcoin, but in as much as that new project to be created is still crypto, I strongly doubt if there will ever be any cryptocurrency more advance and more useful than Bitcoin itself, because as long as the word "cryptocurrency" Bitcoin remains the number one decentralized digital currency in the entire universe. So henceforth, the earlier we understand that there can never be any cryptocurrency more popular and useful than Bitcoin, and start investing in it now as an asset for our tomorrow, the more better for us.

[vitya1982]

THere is no second BTC, or something better than BTC. There are a lot of different projects, a lot of them are scams or just shitcoins, but there are also some good ones. But none of them provides as much freedom as BTC gives to you.

[|MINER|]

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 seem almost 15 years ago bitcoin was invented till then now No cryptocurrency has been invented that can be compared to Bitcoin. Now here the question you have raised I think it's one kinnda illogical for me. Even then nobody can say what's going to happening on the future. But if I talk about Bitcoin it is the revolution of cryptocurrency journey starting so I don't think in future any other invention that can be compare to Bitcoin.

[corrado25]

The advantage of bitcoin over alternative crypto currencies is that it is highly decentralized. Let's take any other crypto currency. They all have commands and so on. After some time, the team disintegrates, someone leaves the team, and the project begins to have problems. They just create a project to sell their coins/tokens and earn money. More than 90% of projects are just a money-sucking scam. They show only one cycle of price growth. They know when a new growth cycle begins, they close their project and sell off their coins/tokens at the heights. For the next growth cycle, the project no longer shows strong growth. New projects are just coming out that repeat the same story. This is a load cycle. We have to fight with this somehow

[Blitzboy]

Satoshi's works reflect his passion for financial system transformation. Owning Bitcoin is like owning digital history. The technology world evolves like nature. Its important to remember that being first doesnt mean you'll be around forever.

Bitcoin follows this innovation rule too. It pioneered technology during a financial crisis and lasted for a decade. Technological longevity frequently depends on flexibility and evolution. When a better system emerges is the question.

Belief is key. Why are vinyl records still popular while streaming is king? Pioneers are valued intrinsically. Bitcoin, born at a crucial time, has a popularity that goes beyond technology. If Satoshi's brilliance and enthusiasm inspire a new system, it may not simply be superior technology, but if it can get the same trust and following as Bitcoin.

[Texac]

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 seem almost 15 years ago bitcoin was invented till then now No cryptocurrency has been invented that can be compared to Bitcoin. Now here the question you have raised I think it's one kinnda illogical for me. Even then nobody can say what's going to happening on the future. But if I talk about Bitcoin it is the revolution of cryptocurrency journey starting so I don't think in future any other invention that can be compare to Bitcoin.

If the world stops evolving and technology stops evolving then I will agree with what you are saying.  but if this world continues to develop, it is very normal and natural that there will be new inventions better than bitcoin.  we are bitcoin investors and we love it, but don't be stubborn and think that nothing can replace bitcoin.

But I think it won't happen soon because fiat has dominated for thousands of years and until now, bitcoin was invented to help us get rid of dependence on fiat.  so to have a better product than bitcoin, it takes a lot of time, it will not happen in the near future.

[btc78]

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.

ive seen lots of people speculating why bitcoin is still number 1 when there are better altcoins and time and time again it has been answered

it’s because bitcoin has already established its name that even if there are better performing altcoins, investors still choose to proceed with the safe and sure choice that is bitcoin

maybe someday there will be a new coin that will be good in all aspects and will build its name and maybe overtake bitcoin but for now and in the next few years i dont think we have to worry about that

[beerlover]

Satoshi's works reflect his passion for financial system transformation. Owning Bitcoin is like owning digital history. The technology world evolves like nature. Its important to remember that being first doesnt mean you'll be around forever.

Bitcoin follows this innovation rule too. It pioneered technology during a financial crisis and lasted for a decade. Technological longevity frequently depends on flexibility and evolution. When a better system emerges is the question.

Belief is key. Why are vinyl records still popular while streaming is king? Pioneers are valued intrinsically. Bitcoin, born at a crucial time, has a popularity that goes beyond technology. If Satoshi's brilliance and enthusiasm inspire a new system, it may not simply be superior technology, but if it can get the same trust and following as Bitcoin.

I do not think that Vinyl is as popular as we think it is, but yes you are right, we do have streaming as an option and yet some people still prefer it, but most people still stream, and by a big margin of difference. I think bitcoin will not be like that, it will always be the most used and loved one, that's the important part.

I understand that it may not be all that better compared to when it started and has to improve a bit, specially on the transaction fee part of it, but I do believe that it will stay at the top without a doubt. That's not because it's the best, I wouldn't say bitcoin and its blockchain is the best, but that doesn't mean that it will get lower, even while being inferior, it will always stay at the top, that's how bitcoin is and will stay forever. I believe that the best thing we could do right now is to make sure that we keep it going as long as possible and we just keep investing into bitcoin like it is the latest greatest thing ever.