When is the next bitcoin?

[Furball808]

Before bitcoin became what it is now, there were numerous attempts first from others back then. Obviously, none of them were able to reach the success that bitcoin was able to reach. But it is still good to acknowledge the steps humanity have taken in order to arrive to such a sophisticated and advanced technology that bitcoin is today.

In 1981, David Chaum already had an idea about untraceable email addresses. His work pioneered privacy and led to the creation of privacy tools like Tor browser. 8 years later, Chaum founded DigiCash which paved way for what we would know now as digital currencies. It was bankrupted though but he had the right ideas even before the 90s. The problem with DigiCash was stated by Chaum:

Chaum said in an interview in 1999 that the company's problem scaling was due to a classic chicken and egg problem in the technology industry: "It was hard to get enough merchants to accept it, so that you could get enough consumers to use it, or vice versa."

The next milestone was e-gold. Founded by Douglas Jackson and Barry Downey in 1996, e-gold as stated in its name was backed by gold reserves. The struggle with e-gold was two things: it only had one point of failure because it was only maintained by a single company. The next struggle was that it faced regulatory issues because e-gold was used by launderers. While Jackson and the team tried to counter the criminal use of E-gold, they were ultimately found guilty of running an unlicensed money transmission enterprise, and the venture was shut down.

In 1998, Wei Dai proposed the b-money. This was an alternative peer to peer financial system. B-money never actually launched but Wei Dai's proposals seemed very similar to what we know now as stablecoins since b-money was tied to a certain commodity.

Finally 2008 was the year that bitcoin was invented. It took almost 30 years since David Chaum's first idea for someone to finally get it right in the form of bitcoin. It may have been even longer. Technology took a long time to come to where it is now and technology may keep developing in the future. Will there be another or a 'better' bitcoin in 30 years or so?

Reference:
https://www.bitcoinmagazinepro.com/blog/what-event-was-cited-as-the-inspiration-for-the-creation-of-bitcoin/
https://www.investopedia.com/terms/d/digicash.asp
https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

[hd49728]

It took almost 30 years since David Chaum's first idea for someone to finally get it right in the form of bitcoin. It may have been even longer. Technology took a long time to come to where it is now and technology may keep developing in the future. Will there be another or a 'better' bitcoin in 30 years or so?

You will need to read more about Bitcoin prehistory.

About "Next Bitcoin", "Better than Bitcoin", there were many attempts to create projects as Bitcoin killers and you know all of them either abandoned, died or failed to kill Bitcoin project, to be better than Bitcoin project.

Many of them are Bitcoin forks.
How Many Bitcoin Forks Are There? You will be surprised!!!

[lionheart78]

Will there be another or a 'better' bitcoin in 30 years or so?

There is only one Bitcoin, and the good news is that Bitcoin is upgradeable, so there is no need for another Bitcoin to meet future needs. If in case, there is a new form of monetary system, it would not be called Bitcoin nor can be considered another Bitcoin, but a unique system itself.  But is there really a need for another monetary sytem in the next 30 years?  I think no because the world have yet to capitalize the potential of the current emerging monetary system.

[Sunshine1525]

Will there be another or a 'better' bitcoin in 30 years or so?

There is only one Bitcoin, and the good news is that Bitcoin is upgradeable, so there is no need for another Bitcoin to meet future needs. If in case, there is a new form of monetary system, it would not be called Bitcoin nor can be considered another Bitcoin, but a unique system itself.  But is there really a need for another monetary sytem in the next 30 years?  I think no because the world have yet to capitalize the potential of the current emerging monetary system.

Many have tried from ETH,  SOL, down to PI Network that some of it's community members claim it would do better than Bitcoin just for hypes and to attract more users but then none comes close to Bitcoin nor would even achieved what Bitcoin achieved in space of 15 years. Well the future is bright and we're always open to new and better alternatives, for now Bitcoin remains the best digital asset.

Maybe if another monetary system comes out and offers something better, which might take very very long cause many are really trying to do something better but keep failing. Then people would consider giving it attention. I see that they're already giving up on matching Bitcoin that's why pump and dump projects are now more popular than reliable ones that could match Bitcoin.

[Ahli38]

Bitcoin has actually offers solutions to various monetary issues. Bitcoin can be used as an alternative for both large and even small transactions. The issue of network fees has been addressed with the Lightning Network. Bitcoin has a limited supply, where it makes the price has the potential to continue growing. And there are no limits on transactions, where it can be conducted at any time and even from anywhere. So I personally believe that Bitcoin can meet all needs. And I’m convinced there won’t be a successor to Bitcoin. Many cryptocurrencies claim to be the next Bitcoin. But they can’t even come close to matching Bitcoin instead they ended up disappearing.

[macson]

There's no such thing as the next Bitcoin. Bitcoin is just Bitcoin, and that's it. Even if another digital asset emerges after it, it will still just be another asset that might have characteristics that make it good and popular. But right now, I can say that no other digital asset can compete with Bitcoin --- because Bitcoin isn't just another digital asset, it's decentralized and has no centralized entity, which makes it trustworthy and reliable.

[bitmover]

There's no such thing as the next Bitcoin. Bitcoin is just Bitcoin, and that's it. Even if another digital asset emerges after it, it will still just be another asset that might have characteristics that make it good and popular. But right now, I can say that no other digital asset can compete with Bitcoin --- because Bitcoin isn't just another digital asset, it's decentralized and has no centralized entity, which makes it trustworthy and reliable.

I think OP wants" another bitcoin" just to make money.

Ofc there isnt a next bitcoin,  but there are maby other opportunities to make money. TSLA, NVIDIA, surged after bitcoin  and many other opportunities will show up.
But people need to look out of the crypto market as well . Keep eyes open and willing to take risks.

[aylabadia05]

It took almost 30 years since David Chaum's first idea for someone to finally get it right in the form of bitcoin. It may have been even longer. Technology took a long time to come to where it is now and technology may keep developing in the future. Will there be another or a 'better' bitcoin in 30 years or so?

The purpose of history is to understand how events unfold so that we don't make mistakes when faced with reality.

Since then, not one or two projects have been created to surpass Bitcoin, but have stalled halfway. I chose the term "stalled halfway" because they are incapable of surpassing Bitcoin. If I use a word like "incapable," Bitcoin sounds too great, even though the reality is undeniable.

We will always support any future projects that surpass Bitcoin.

[Dogedegen]

There's no such thing as the next Bitcoin. Bitcoin is just Bitcoin, and that's it. Even if another digital asset emerges after it, it will still just be another asset that might have characteristics that make it good and popular. But right now, I can say that no other digital asset can compete with Bitcoin --- because Bitcoin isn't just another digital asset, it's decentralized and has no centralized entity, which makes it trustworthy and reliable.

I think OP wants" another bitcoin" just to make money.

Ofc there isnt a next bitcoin,  but there are maby other opportunities to make money. TSLA, NVIDIA, surged after bitcoin  and many other opportunities will show up.
But people need to look out of the crypto market as well . Keep eyes open and willing to take risks.

Maybe we can put it differently, there will be many opportunities to make money close to the returns that Bitcoin has given but there will never be another Bitcoin. It can not be denied that in shitcoins and outright scam coins there were huge money making opportunity. This is not just limited to the current top shitcoins like Ethereum and Solana, but also to some that are now basically dead. There were times that you could get a 1000 fold return or more on those. However none of them are alike to Bitcoin at all with the exception of Monero and Litecoin that have some resemblance. The usual shitcoin is completely centralized, full of marketing lies and an organization that is doing everything in their power to promote and lie about it. Bitcoin is decentralized, it evolved its decentralization naturally and this is something that can not be replicated in an artificial way. That is what many greedy project founders do not understand, that is why they will continue to make shitcoins and tokens that will fail.

The world does not need more tokens, smart contracts, layer 1 chains, or none of that nonsense. You can build the whole world on Bitcoin using a layered stack. The reason why they do not do it that way is money, pure greed and nothing else. If we look at the data from shitcoins, 99.99% have failed and led to losses. If this was the case with something else we would call the whole industry a scam, including the players that seem legit.

[PrivacyG]

If some body comes up with a technology that allows Decentralization with out requiring a permanent Internet connection at all, which has an incredibly small Ledger and can transfer with zero Fees or run with out even requiring Miners at all, or any other such feature while still preserving every feature of Bitcoin then yes, I believe we will witness a 'next Bitcoin'.  And I am sure some people are working really hard currently on modelling just that.

I believe however that you are thinking about the wrong thing.  I do not think it has to be a competition to take Bitcoin over or to put it down.  I have a strong belief that these people working on a 'next Bitcoin' are in fact Cypherpunks trying to conquer Freedom better than even Bitcoin allows us to.  Because as you can clearly see, there is Know Your Customer, there are laws against it in some countries, it still depends on an Internet connection in most situations et cetera.  Authorities found ways to make it and its users semi compliant.

We will eventually need in my opinion a better technology as Governments find ways to destroy what Bitcoin currently is through stupid Regulations.  How fast we would need this, I do not know.  Maybe Bitcoin can even change in time to become particularly that itself.

[Donneski]

Just like you rightly stated, Bitcoin was actually not the first attempt at digital money but it was the first one that actually succeeded. Earlier projects like DigiCash and e-gold still relied on a central operator which was why they didn't stand the test of time.

Bitcoin solved the problem of reliance with decentralisation and that’s why it survived where others didn’t. Also, it's important to note that bitcoin is upgradable despite the level of success and acceptance it has recorded and that's why I actually do nothing think that we're gonna see a “next Bitcoin” anytime soon.

[Mrbluntzy]

Maybe there have been other attempt to create something that looks like Bitcoin many decades ago but finally the idea of Satoshi light up the industry, now you are asking for next Bitcoin, don't forget that there were many other coins that wanted to compete with Bitcoin but they didn't work because they weren't even built with the real purpose which inspired Satoshi to create Bitcoin. Satoshi sacrificed a lot for humanity and he even had to keep his identity out from the picture. There could be other technology or AI ideas but Bitcoin can not be beaten down by them.

[MarjorieZimmermanGinger]

Before bitcoin became what it is now, there were numerous attempts first from others back then. Obviously, none of them were able to reach the success that bitcoin was able to reach. But it is still good to acknowledge the steps humanity have taken in order to arrive to such a sophisticated and advanced technology that bitcoin is today.

This is in line with the emergence of several other coins whose development concepts were intended to rival Bitcoin, but in reality, Bitcoin remains the only asset to achieve widespread adoption and the best performance to date. The limits for those creating new coins may never be limitless as the industry continues to evolve, but with any development concept, I don't see any other coin being able to match Bitcoin's success. That's why there will never be another Bitcoin, because the system built by Bitcoin's creators is already perfect, offering far superior alternatives to some of its existing problems. Believe it or not, Bitcoin will never be rivaled because this asset has a unique impact on all its holders especially for those of us who want to achieve financial freedom because bitcoin is a store of value asset.

[Y3shot]

There's no such thing as the next Bitcoin. Bitcoin is just Bitcoin, and that's it. Even if another digital asset emerges after it, it will still just be another asset that might have characteristics that make it good and popular. But right now, I can say that no other digital asset can compete with Bitcoin --- because Bitcoin isn't just another digital asset, it's decentralized and has no centralized entity, which makes it trustworthy and reliable.

You are correct; whatever is considered to be the next Bitcoin will be regarded as an altcoin because some of the altcoins we have in the market exist with the intention of being like Bitcoin.

Whatever becomes the next Bitcoin will come with the concept of Bitcoin. If there is something that is totally different from Bitcoin, then it will be good, but this won't stop Bitcoin from being what it is. It might also have its own value that will make people adopt it, but it can never be Bitcoin.

[uchegod-21]

Technology is advancing and definitely, new improved systems will emerge which will want to be similar to Bitcoin or perform a totally different role quite different from Bitcoin. What ever technology that will emerge that bears similarities with Bitcoin will never be Bitcoin, it can be called a different name. But what I do know is that Bitcoin is not a stagnant system/technology. Over the years, there have been lots of improvements, Bitcoin will keep improving to match up with the latest technological trends.

[Cryptomultiplier]

I have followed a similar story about the evolution of Bitcoin from a presumed idea it once was, but failed, until Satoshi pieced together the working mathematical schematics that it follows till date and of which has proven accurate and performed excellently well. With that, I am convinced that Bitcoin or digital currency would definitely evolve in the next 30 years, but who knows what it becomes?

Am also certain that just like gold which is so old and has been of value till date, Bitcoin which is also known as digital gold, will still be of value in 30 years time, that anyone who has it is considered a wealthy individual, including any institution or government that has it too.

[finaleshot2016]

There will be no other Bitcoin because it’s very unique and a whole category of finance has been open because of BTC. Its feature is what it makes very special in the current financial system so no one can literally beat BTC to it. It’s decentralized feature will make it on the top and the narrative of being a digital gold still is active and will be used for years so I think it'll stay a lot more time. Don't find the next BTC because they've already made some altcoins that could beat BTC but no one can defeat the OG so let's not look for the next.

A next is not a next bitcoin, it will have its own name and a cool feature that will benefit us all.

[PX-Z]

Next bitcoin on what? Decentralization? Privacy? There are better coins such privacy feature than bitcoin, while its known for decentralization. Privacy coins were good as what we are using now like monero, no one can beat with such privacy features and its popularity now just like the untraceable email address' idea. Other than, nothing can beat bitcoin due its decentralization, due to its PoW concept.

[X-ray]

There will be other "bitcoin" but different kind of bitcoin, maybe another revolution in another thing that isn't related to bitcoin.

As of now bitcoin is already peak currency with its decentralization and security. I don't think there will be things that are better than bitcoin, so many attemps were created like those altcoins and none of them come close.

[BlackBoss_]

I think OP wants" another bitcoin" just to make money.

Ofc there isnt a next bitcoin,  but there are maby other opportunities to make money. TSLA, NVIDIA, surged after bitcoin  and many other opportunities will show up.
But people need to look out of the crypto market as well . Keep eyes open and willing to take risks.

If it is "another bitcoin" in cryptocurrency and blockchain industry, there will be high probability of another scam altcoin. I don't say all altcoins are scam but if their projects are quality and their founders, developers are capable of initiating and developing their projects well, they won't need to advertise their projects as "another bitcoin" or "next bitcoin".

Don't buy altcoins because they are top altcoins and that is true like "Don't buy coins because they are next bitcoins".