why not a new one?

[Kushath]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
                                                              

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[tranthidung]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin

We have hundreds of shit coins like this with Bitcoin in their names.

How many Bitcoin forks are there? Most of Bitcoin forks are dead coins.
How Many Bitcoin Forks Are There? You will be surprised!!!

if you like the idea, you can PM me and also donate to this address.

What? Do you want to be tagged?

You can add your Bitcoin address to your profile. It's not good to beg for donation in any post. Lastly, this idea is not new and it is terrible.

[Reatim]

Mate you are not the first person to think about that.

Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.

Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.

[Upgrade00]

If a developer actually succeeds in improving on Bitcoin and develops a superior technology which fills all the gaps Bitcoin currently has, their creation will be accepted and with time thrive in the market.

There is no limitation to altcoins in terms of market reach or resources. Only there are very little original ideas and devs not in it solely for some quick profit.

[Kushath]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin

We have hundreds of shit coins like this with Bitcoin in their names.

How many Bitcoin forks are there? Most of Bitcoin forks are dead coins.
How Many Bitcoin Forks Are There? You will be surprised!!!

if you like the idea, you can PM me and also donate to this address.

What? Do you want to be tagged?

You can add your Bitcoin address to your profile. It's not good to beg for donation in any post. Lastly, this idea is not new and it is terrible.

Ok and I am sorry I am new here just learning stuff. Ok I’ve got one question for you. what unique feature you want to see in this crypto ecosystem

[348Judah]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin?

It won't looks funny that you're also trying to create another scene in addition to that we already had with the likes of bitcoin cash among others, if you think you can make it, then why not give a try, others that already made same are part of the constitutes we are having with the numbers of altcoins we are having today, do you also want to give a try on something new or join with others in creating the same alts.

I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.                                                

If you truly have something reasonable to offer, the bitcoin community will not castigate you, instead support you, you're not after all competing with bitcoin, instead bringing out something new to the people.

[Zaguru12]

let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
                                                              

That’s like a new coin to solve transaction issues, I think bitcoin cash developers has same thought as you have and they went ahead to increase their own block size to 32MB and repercussions which many were scared off is that bitcoin security is much better than that of bitcoin cash as it requires more computational power. From your own perspective I see you wish to have the transaction on another block before the main transaction is confirmed which is still achievable with the like of lightning network or better still we have a soft fork of segwit which helps to increase the number of transactions in a block due to the segregation or separation of the witness from transaction details.

Your idea will be brushed off if it is seen to be not secure enough and by moving to your the POP mechanism I doubt many might trust it

[Ojima-ojo]

Mate you are not the first person to think about that.

Many altcoins compare themselves to be like bitcoin or say that they will be the next bitcoin but it never happens and that is because at this point no once can replicate bitcoin’s value. They can try and create bitcoin’s blockchain and probably succeed at it but to release it and have people prefer that over the original one would just be impossible.

Bitcoin did not gain all of this over a night. It took many years to build this community and this trust.

The first point of suspension for me with those projects that proclaim that they want to replace Bitcoin is in their attempt to replace an already successful project like Bitcoin instead of trying to build they own ecosystem to help the grow into a fitting alternative instead of trying to take over.


We can easily support any project that promises to provide a better alternatives in the market, since Bitcoin is already performing excellently right now and for that we are not looking replacement and any developer that want to contribute should be in form of enhancing the scalability of the entire cryptocurrency ecosystem

[Smartvirus]

~snipe~

I don’t know what you think altcoins are or even forks but, should you be looking at for them, you could find them on just about any exchange you visit, ain’t nothing out of place about that.

If your idea is that, somehow the influence of Bitcoin and its place in the cryptospace would be contested by some fork or altcoin, you would be very well mistaken. That ain’t going to happen as there are benefits that comes with being the pioneer to a field and that’s what Bitcoin enjoys the most today plus, it’s decentralized and highly user involved consensus nature in maintaining the integrity of the network.

But, I guess this isn’t the main intent is it.
Perhaps those who didn’t get in earlier enough seems to hope for a better opportunity in another coin under the name of swift transactions. You could always seek that out in altcoins but, know the risk otherwise, your best option remains to buy Bitcoin as we still at its early phases.

[Dr.Bitcoin_Strange]

Bitcoin was the very first successful cryptocurrency, and every other altcoin took the idea of Bitcoin to create their own coins with the same or different user cases. It's been 15 years now since Bitcoin was developed, but yet there's no blockchain technology (coin) that has ever ride on Bitcoin, which means that Bitcoin has always been the waymaker in the crypto market for 15 years now, and there is no original idea to surpass it. Have you heard about Bitcoin SV? Posing to have a better coin than Bitcoin but yet cannot be compared to the original coin. 

I am not against any technology coming up that can do better in the aspect of becoming a very great source of investment for individuals, even better than Bitcoin, but I doubt if that technology is going to be a crypto-related project because so many projects have tried to copy Bitcoin but have not succeeded, perhaps, I don't thinks anyone can be able to sacrifice what Satoshi have sacrificed for us.

[Faisal2202]

Tranthidung has said it all, there are hundreds of coins with the same characteristics that you have aforementioned. I suggest you to read the history of BTC and its forks. Why some of the forks are active and why most are dead? Why BTC is most famous. I suggest you read the history of the initiation of alts, like when did they started to be made. And why as well.

The answers to these questions will give you the whole idea that many coins already exist with some characteristics. The main question is why we need another BTC, while its use cases are lesser than most of the coins already in the market. I know BTC has its own reputation and its not mainly made for other use-cases it served its purpose. So why do you think we need another BTC? I think these alts that have been made are known as alts or under the influence of BTC because they are also made with the same idea that a coin must exist that should have more characteristics than BTC.

What? Do you want to be tagged?

He has edited the post, after reading the post I was a little impressed even didn't understand some of his points in the first go. Well, dear tranthidung I think this person is near to a scammer person no proof, just read this thread and you will understand what I mean.

[KingsDen]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
                                                              

In all your idea, you didn't mention about decentralization. Bitcoin is the only coin that is 100% decentralized. Most developers have created what you described in OP but they all faded away. It will therefore be nice if you join the bitcoin blockchain maintainers and implement these your ideas as a means to scale bitcoin. Just like LN, SigWit, Taproot etc. This will make our dear bitcoin more sustainable than creating thousands duplicate bitcoin-likes.

[Queentoshi]

If a developer actually succeeds in improving on Bitcoin and develops a superior technology which fills all the gaps Bitcoin currently has, their creation will be accepted and with time thrive in the market.

Bitcoins were created to solve some of the problems that the normal money has, and it has been accepted. If there is another innovation that improves on the unexpected flaws that bitcoin has, it may take time but it will be accepted. Some creators of altcoins have this in their mind when they were creating their coins, but they have not been able to create something that is more accepted than bitcoin, that it is why bitcoin still has all the recommendations and people investing more in it.

[aoluain]

Bitcoin has the advantage of being the first and its almost perfect in terms of acceptance
with a global network of miners, nodes and developers, a track record of never been hacked
and totally decentralised with no one person or entity in control. Satoshi knew that "he" had
to "disappear" in order for it to fully become what it is today - thats vision right from the
start and before the Genesis Block.

So any serious Bitcoiner is not going to abandon a proven entity like Bitcoin for something
else designed by a known entity with no history or track record.

Its pretty much impossible to replicate what Satoshi created and how "he" went about
and get everyone to jump ship over to it.

[SmartGold01]

Several coin has been created but wasn't able to achieved their dreams along the line they were dead that is why you see many other altcoin existing now since they can't function as bitcoin they came up with a different concepts.
Bitcoincash has same usecase but can't be compared as bitcoin itself, bitcoin just make a research about it you would get it or you can look over exchange as few already suggested.

[Kemarit]

Why not a person with the same motivation and the intention to create a new enhanced Bitcoin ( ofc their alternative name ) just with the features and stuff, launch this new coin protocol, and also keep its supply limited just like the Bitcoin? let's say I as a person created the "X" coin with a new consensus mechanism like POP (proof of performance) or PoW itself and an enhanced transaction speed with more no of transactions per block by creating a set of master blocks interconnected with the traditional blocks of the same size 4Mb, with predetermined values already stored inside the master block as a cash-register and once a transaction is initiated a block records on the ledger and the master ledger already initiated the transaction, just waits for the confirmation from the block. I think this will reduce the time per transaction and make the blocks ready in less time for the next transaction initiation, and this can greatly enhance the 7 transactions --> 200+ maybe transactions. I don't know just saying, that even people who are involved with the development of Bitcoin will disagree with me in creating a new cryptocurrency like this.
                                                              

It's because it's not that original and we have seen a lot of Bitcoin fork that didn't succeed isn't it? So it's not about the same motivation or what not, it's about Bitcoin becoming the prime mover in crypto that it become so successful. So in any competition, if you are the first, chances are you will be supported, but if you say copy the concept and just put some improvement on it, still people are going to see that as just a copy cat of the original and will be frown upon.

You can say that to Ethereum as well, there are a lot of it's competition, but they still remain as the top altcoin despite so many projects that are better than them in the space right now, faster, better layering solution and others. But still in the second best crypto behind Bitcoin.

[The Cryptovator]

Why do you think we need another Bitcoin? Whatever will be created will be called altcoin or shitcoin. No one can compete with Bitcoin anyway. A lot of shitcoins circulating on the market aren't performing like Bitcoin. There are many Bitcoin forks also, but they have failed to compete with Bitcoin. All the new coins coming out are centralised somehow. No one can create a second Bitcoin. We are happy with Bitcoin and its technology. You can still accumulate bitcoin for whatever you want. So why seek out another? It doesn't make any sense at all. 

[bettercrypto]

Many cryptocurrencies have come out that have declared that they are more than bitcoin, but in the end, what happened? They didn't prove it, and then the day and time passed and it wasn't talked about anymore; instead, at the beginning, it was noisy and talked about, and after that, it was just like a display here in the crypto field that most people don't pay much attention to.

And that's because there are many new cryptocurrencies appearing in the market that have good use cases and are adapted to the time we have now, and this is the reason why the community immediately enjoys them because they are hyped.

[Obari]

I believe you must have gotten all the information and responses rightly met for this post and mine wouldn’t be anything very specific or new and I’m sure just as others have already said , there have been projects which have been built to take over bitcoin but they failed and one major reason for that is because, people already fixed their trust in bitcoin because if it’s decentralized natures and how it will be very difficult to manipulate it, on like any other project that would be launched now, which will end up being a pump and dump project with no actual substantial back off.

[lovesmayfamilis]

Why do you think we need another Bitcoin?

This was my first thought. The "bicycle" has already been invented. Unfortunately, we don’t see anything new other than a parody, although we periodically see statements about the creation of a new and great coin. OP, all you see on the market is the repetition of an idea being repeated. It’s difficult to say that this will always be the case, but so far, time shows that Bitcoin is unique and confirms this more and more every year.