Will any other coins like Bitcoin be discovery in the future?

[Hewlet]

whether such coins like Bitcoin will be discovery in the future.

What is yours opinions?

i think that the reason why we have series of altcoin project coming out on a regular bases is that they want to model the functionality of bitcoin and create a coin that's just like bitcoin looking for ways to improve on the inefficiencies of bitcoin so the altcoin would be preferable compared to bitcoin.

That's for me not a bad idea if they are able to create a decentralized altcoin that is better that Bitcoin and not just one that would not stand the test of time but one that people can trust such as they trust Bitcoin and won't end up becoming a Ponzi scheme after people have invested their funds into it.

[ZAINmalik75]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

First BTC was not discovered it was invented by Satoshi Nakamoto, I don't have the intention to discourage you, it's just, that I thought you should know the difference between invented and discovered, if you already knew then never mind my comment.

I don't think there would be any other coin that would compete with BTC because BTC has 50%+ dominance which means it has the most dominance over other crypto or to emphasise the importance of this we can say, it covers half of the market cap of the crypto industry alone.

To compete with BTC, many coins have to spend years just like BTC did, even the forks of BTC were not able to compete it while they were the advanced and improved versions of it. ETH comes at second number but still it can't compete with BTC because of volatility of BTC.

[mindrust]

Possible but unlikely. If bitcoin keeps updating itself, there will be no need for a new crypto in the first place. The only problem btc has right now is the high fees. When the devs solve that problem btc will become the perfect asset. They tried to solve the problem with LN but LN is a bit hard to use and it is not decentralized if you use custodial wallets so I understand why many people don’t want to use it. If the devs don’t fix these issues though, some other project might replace btc. It happens all the time in tech world. Obsolete tech dies and gets replaced.

[Abu-Naim]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

All cryptocurrencies now in circulation have the intention of conquering or outshining bitcoin; nevertheless, they lack distinctiveness and are centralized initiatives that cannot be fully trusted. Bitcoin is unique and decentralized; all future coins that will be generated or have already been developed are looking up to Bitcoin; as a result, I do not believe there will be another coin like Bitcoin.

We did not have another coin among thousand of altcoins can have decentralization like Bitcoin.

I think only XMR come close to bitcoin because it is decentralized as well.

[0t3p0t]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

They created many altcoins and say their coins are Bitcoin killers but those coins die with time. Those coins fail to kill Bitcoin even you talk about Bitcoin Forks.

How many Bitcoin Forks are there?

Bitcoin is decentralized and it is unique. We did not have another coin among thousand of altcoins can have decentralization like Bitcoin.

Discovery, game changer are marketing words, buzz words used by altcoin developers to scam investors.

This what I like about Bitcoin about it's forks because as long as you have Bitcoin holdings you may earn passive income through forked coins. 😅

But about Bitcoin like discovery coins maybe this will happen on new  different networks. It is possible to have Altcoins that may go up high to the moon but we'll never know when. But still they cannot replace Bitcoin of course.

[Minor Miner]

whether such coins like Bitcoin will be discovery in the future.

What is yours opinions?

i think that the reason why we have series of altcoin project coming out on a regular bases is that they want to model the functionality of bitcoin and create a coin that's just like bitcoin looking for ways to improve on the inefficiencies of bitcoin so the altcoin would be preferable compared to bitcoin.

That's for me not a bad idea if they are able to create a decentralized altcoin that is better that Bitcoin and not just one that would not stand the test of time but one that people can trust such as they trust Bitcoin and won't end up becoming a Ponzi scheme after people have invested their funds into it.

The creation of altcoins today is for profit while the purpose of Satoshi's bitcoin creation was to create a decentralized currency. So, no altcoin will be similar to bitcoin or perform better than bitcoin. Creating so many altcoins these days is not a good thing as there are so many scam projects in the market.

I don't know if in the distant future there will be any project as serious and good as bitcoin. But as things stand, there will be no altcoin or project that will be like bitcoin, let alone better than bitcoin.

[Kelward]

Possibly? no one know with the future.

Just like cellphone wasn't created yet, I don't think people are expect we can easily send message over and over with internet.

Just like Bitcoin wasn't exist yet, I don't think people are expect we can have a decentralized currency to combat against centralization and hedging against inflation.

With technological advancements anything is possible in the future, because if they'd told my grandma in the fifties that we'll have a phone without wire connectors that you can make video calls with people in another continent, she'd probably have argued that nothing could beat telephone land lines, but we know better today. And today Bitcoin stands undisputed as the king of cryptocurrency, an undeniable fact, it's decentralization stands it apart from every other crypto coins out there, but who knows tomorrow, the next decades or even in a century, it might be looked at as an obsolete coin, although I don't wish this because I love my BTC.

[Crypt0Gore]

Any other digital currency could have done it better than Bitcoin for the past years already, why haven't we seen one yet? Have you checked the amount of coins that are created per day on the block chain? They are in thousands and no single one have done it better.

Of all the new altcoins that have cheap transaction fee, why are companies like Blackrock going after Bitcoin? It's crystal clear bro, Bitcoin will remain the best digital currency, aka the digital gold, nothing will ever come close, Bitcoin will always be the best Bitcoin.

We have few decentralized coins as well, why have they not over thrown Bitcoin yet? Bitcoin is more than many people realize, I suggest you do your own diligent research.

[G_Besar]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

What makes you think like that mate? Every new discovery will always be different from the old discovery or previous discovery even though the concept seems almost similar. Because there must be quite fundamental differences in each finding, both in the advantages and disadvantages of the newly discovered product. So in my opinion there will never be anything the same as Bitcoin in the future even though there are many reliable researchers who are trying to find the same thing as Bitcoin in the future. The concept of a currency like Bitcoin is very different even though everyone probably knows that Bitcoin is a decentralized currency.

[Agbamoni]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

All cryptocurrencies now in circulation have the intention of conquering or outshining bitcoin; nevertheless, they lack distinctiveness and are centralized initiatives that cannot be fully trusted. Bitcoin is unique and decentralized; all future coins that will be generated or have already been developed are looking up to Bitcoin; as a result, I do not believe there will be another coin like Bitcoin.

We did not have another coin among thousand of altcoins can have decentralization like Bitcoin.

I think only XMR come close to bitcoin because it is decentralized as well.

They have the intention of outshining bitcoin, but they don't have what it takes. This is because in mass adoption takes time and it will take years for any shitcoin to get the same mass adoption as Bitcoin. Bitcoin is the pioneer of cryptocurrency and if you introduced cryptocurrency to a newbie, he would want to know which is more acceptable by everyone, which is safer to invest and which will give him massive return of investment. We all know that Bitcoin is the only cryptocurrency that is generally accepted.   

Since we cannot predict the future. The only way any alternative to Bitcoin can surpass Bitcoin is when a particular coin is fully decentralized, have a high Market capitalization, Intense security and Privacy and more.

[Pikachi42]

Nothing is impossible. I think there must be another coin like Bitcoin. Because, if someone thinks that I will invent another coin like Bitcoin then maybe another coin will be invented which will become known among people like Bitcoin.

[Mate2237]

Technology is not stagnant as for there might be another coin that might be greater than Bitcoin because Bitcoin has a high transaction fee and the coin that might come, might have zero transaction fee and it might be more decentralized than Bitcoin. But for now Bitcoin is the best and no any other coins can beat Bitcoin. But nobody knows what will happen in the future. Why I am saying all these because technology advance and the only way Bitcoin can be used to be on top is when they removed the ordinals which is impossible and if other coins came and no fee then it will over take Bitcoin. And that is my view.

Don't trust all the coins that are coming. Be wise.

[synchronym]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

op Currently the popularity of Bitcoin has increased so much that people are showing interest in many Bitcoins. So Bitcoin is the best coin for those who work with trust in Bitcoin. There are many coins in the market so we can't claim that Bitcoin is the best coin because there are many coins in the future that can be similar to Bitcoin. Undoubtedly, Bitcoin is changing the lives of many people for good. Bitcoin is increasing in popularity day by day.

[Nrcewker]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

Bitcoins were not discovered. Rather they are created. I don’t think there won’t be any coin which will be developed will be superior to Bitcoins. Bitcoins were the first coins to be ever developed, now anything that will be developed will be inspired from it only. Many coins were already developed, but didn’t reach half the price of the coin. So I don’t think anyone will surpass Bitcoins, atleast not in this decade. What other people saying on this? I am excited to know.

[thecodebear]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

The fact that there have been thousands of attempts to repeat Bitcoin's success over the past decade or so and nobody has come remotely close I think answers the question. Ethereum is the only other big success and that's because it was the first to go for building an app network rather than be a currency.

Bitcoin was only able to become so decentralized and secure and widespread because it was the first and organically grew when there was no competition. Anything built after Bitcoin would have to compete with Bitcoin, and as we've seen that is always a hopeless battle for the altcoin. And now all anyone cares about is creating their own centralized blockchain or app token or meme token to try to get rich.

And I'd say its impossible at this point for another PoW cryptocurrency to achieve mainstream success because it will always make more sense to mine Bitcoin than some random cryptocurrency. And nobody has yet discovered a good really decentralized mechanism besides PoW. Even the few times that people have actually tried to go for the open source decentralized leaderless route of making cryptocurrencies (and its literally only been a handful of times at most) those cryptos have never succeeded because the world already has Bitcoin so doesn't need them. I think around 2019/2020 when LTC finally fell off from being one of the top cryptocurrencies that proved the market had decided that we only need Bitcoin. It had long been considered the 'Silver' to Bitcoin's 'Gold'. Which makes sense because there really is no reason to have a second or third actual crypto-CURRENCY (not meme token or app token or smart contract platform, but actual global money) when you already have one that does everything you want it to, which of course is Bitcoin.

So no it won't happen. Because of a combination of (1) we already have Bitcoin so we don't need another, (2) Bitcoin's creation was unique and groundbreaking and the first of its kind so it captured the mind's of people and had no competition, (3) most creators want to get rich, not selflessly create a global currency with no leader or control over it, (4) for a second Bitcoin-like invention to occur it would have to be so vastly superior to Bitcoin as to render Bitcoin useless comparatively which honestly seems incredibly unlikely because Bitcoin's innovation wasn't based on technical advancements (obviously other than computers and the internet), but rather it was an innovation of ideas combining several ideas perfectly to create an unstoppable and revolutionary system of money. I really think it is actually unlikely that it is ever topped in execution. The only thing that could compete with Bitcoin would be a similarly decentralized currency (and already explained above how unlikely that is to ever happen) that manages to be extremely efficient on the base layer as well, and given that there has been a huge industry and community trying to do just that and thousands of attempts at that over the past decade and all anyone ever figured out was that if you make a weak centralized cryptocurrency that would be absolutely terrible as money it can handle more transactions, well I don't think that's ever going to happen.

[Jet Cash]

There can't be another coin like Bitcoin. Now that people are aware of decentralised cryptos, any new coin will be vulnerable to a 51% attack.

[radjie]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

Maybe in the future there will be new innovations like Bitcoin.  This defines the genius of a scientist, there will be those who can be more genius.  No one knows what will happen in the future, of course the popularity of Bitcoin can create new innovations in the future

[Ojima-ojo]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

We already have tons of altcoins who are created to act like Bitcoin, but the fact is that, no other coins can replace or act as Bitcoin in all faces and also we shouldn't look for a Bitcoin replacement either now or in the future but we should look out for the ways to improve the Bitcoin ecosystem to fit into the demands of the future, so for that we have to touch a lot and look forward to a better place for Bitcoin and slthat one day all the technical issues with Bitcoin network will be worked on and improve.

I am not looking to any coin to play Bitcoin role in any aspects, and for that I only acknowledge their existence both the good and also the bad actors in the industry, many of them have failed while several other have succeeded with minimal impact due to various internal challenges just like what we experiencing in Bitcoin this days.

[sokani]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

Back in the days, black and white TV was popular in many homes, offices etc. but gradually colour transmission TV took over. Right now, smart TV is leading the market and it might be dethroned in future. So if there's anything I've learnt about life is that nothing is impossible. Bitcoin is a revolutionary coin that ushered in other altcoins, and I'd say Monero is the only coin that came close in comparison with Bitcoin because of its enhanced privacy and security. However I cannot rule out the possibility of another coin popping up in future.

[Dr.Bitcoin_Strange]

Bitcoin is a decentralized currency It is very difficult to say whether such coins like Bitcoin will be discovery in the future. But in my opinion such coins will not be another discovery.

What is yours opinions?

OP, let's look at it in the scenario described below.

When Bitcoin was developed in 2009, the price was worth nothing. According to history, it was Martti Malmi, also known as Sirius, who gave each bitcoin a value of $0.00009, and that was after he sold 5,050 bitcoins for INR 414.65. This happened around October 2009.

Five years later (2014), after Bitcoin got developed, the price became $320+. Fast forward to another five years (2019) later, and the price got to $3,800. The third Bitcoin halving happened in 2020, and in the following year (2021), the price of Bitcoin became so bullish that it reached an all-time high in history. Bitcoin faced so many bearish markets, but it survived, and looking at the price today, you can agree with me that Bitcoin is actually heading to the bullish market again.

Years after Bitcoin was developed and as the price began to appreciate, so many altcoin projects got developed, and there are thousands of altcoins on the market today, and so many of those altcoins are dead and so many are now shitcoins. As a matter of fact, some altoins have been developed for over 5, 7, and 8 years, respectively, but none of them have actually been as successful as Bitcoin, and the reason is that they have just been mimicking each other. Hackers and scammers are also developing their own fake projects just to steal investor funds, which has given rise to so many failed projects.

In conclusion to all I have said, there is only a 0.1% chance that any coin or token will ever be developed that can do better than Bitcoin.