Bitcoin 2.0

[pinksheep]

Forgive my ignorance but what exactly do people mean when they refer to Bitcoin 2.0? Do they mean a new digital currency which will overtake Bitcoin as we know it & which will leave it worthless?

[shorena]

Forgive my ignorance but what exactly do people mean when they refer to Bitcoin 2.0? Do they mean a new digital currency which will overtake Bitcoin as we know it & which will leave it worthless?

Yes, usually this means an alt coin that has new and unique features that will make it better than bitcoin is now.

[pinksheep]

so if there's any of these in the pipeline, maybe bitcoin's future isn't as rosy as some people think?

[shorena]

Here is a list of coins I heard when people talked about bitcoin 2.0:

https://ripple.com/
http://namecoin.info/
https://bitcointalk.org/index.php?topic=345619.0

This list is probably different for everyone and some might consider FlorinCoin, AmericaCoin or similar as the new cool thing.

[Light]

so if there's any of these in the pipeline, maybe bitcoin's future isn't as rosy as some people think?

There are always people out there who will pump and dump for a quick buck. This is where I place most altcoins. For a Bitcoin 2.0 to actually work it has to offer functionality unavailable in the current reference implementation - and if it's big enough Bitcoin will adopt the idea anyway. So unless there is an inherent problem with Bitcoin I'm doubtful any of altcoins will be remotely as big.

[Soappa]

For a Bitcoin 2.0 to actually work it has to offer functionality unavailable in the current reference implementation - and if it's big enough Bitcoin will adopt the idea anyway.

I doubt if bitcoin will really adopt a new idea, as it willl lead to a hard fork and make things messy.

[blacksails]

Here is a list of coins I heard when people talked about bitcoin 2.0:

https://ripple.com/
http://namecoin.info/
https://bitcointalk.org/index.php?topic=345619.0

This list is probably different for everyone and some might consider FlorinCoin, AmericaCoin or similar as the new cool thing.

None of them will be "Bitcoin 2.0".
I don't even think there'll be a "Bitcoin 2.0", thanks to its open source nature. All improvements (that doesn't fuck up the protocol) can be taken and implemented in Bitcoin.

[salsacz]

2.0 - all on top of the platform

http://justpaste.it/nxt-decentralized-internet -why use slow solution, when there is faster and cheaper?

[Zyborg]

When people are referring to 2.0 they're referring to other coins that they've invested in themselves, and try to convince people to also invest in so that they can sell their coins for profit. Nothing out there is anywhere near to beat bitcoin atm.

[mrun]

I wonder as well

[fatguyyyyy]

2.0 is just a popular term, to replace the origin of whatever that would be.

So to say bitcoin 2.0, which kinda doesnt make sense cause bitcoin itself had no version before it since satoshi put the code to work.

Maybe the services around it, but if your going to use the word, then it can be used I guess for the value of money.

[counter]

It is likely people just use that term to get the attention for potential investors hoping to become early adopters.  But there are not many coins that offer worth while advantages that Bitcoin doesn't already have and many new coins are basically clones of Bitcoin.

[sailsh-sea]

Bitcoin 2.0 can be used to refer to:

-Some time from now after there have been major updates & changes to the protocol which in combination with more secure, user friendly services and platform built on top of bitcoin provide a radically more useful tools that could be used for things developers have yet to have even considered that go beyond payment processing

-A new alt-coin or virtual property market that is a dramatic and obvious improvement on bitcoin

At least that's how I've seen it used on Let's Talk Bitcoin podcasts

[oXo]

They mean that that coin is the new and improved bitcoin (and what you said), that term is very overused though from XRP to DOGE.

[Monkey1]

Any new coin needs to be considerably better than Bitcoin.  Bitcoin has first mover advantage, publicity and the infrastructure.  Very few other coins come anywhere near.  Many people have now heard of Bitcoin and merchants are accepting it but only handful have heard of other crypto and even fewer merchants accept any of the others.

[sailsh-sea]

Coins don't necessarily need to make massive innovation.  You can also create value through good branding and community.  Coins such as Mazacoin, Auroracoin and Dogecoin; for example, mostly gain momentum because they are a movement.  Also coins which are essentially some kind of store credit like Zedcoin will see limited success.

That's why I'm not too fond of the idea of "battle coins".  It will probably gain traction though.  see here:  http://bitcoinprbuzz.com/the-sha-256-interest-bearing-bitcoin-alternative-battlecoin-bcx-now-trading-on-cryptsy-com/

[durrrr]

there isnt any bitcoin 2.0

bitcoin is the only bitcoin if there isnt bitcoin then the other alt coins dont exsist except for maybe litecoin. other than that and even that one although a larger adoptance . all relate to bitcoin and price fluctuates right along side bitcoin

[counter]

Some folks would argue that LTC was Bitcoin 2.0.  That has been said in the past I have no doubt.

[tokeweed]

not bitcoin 2.0, but crypto-currencies 2.0:

ripple
NXT
ethereum
emunie
counter party
open transactions/monetas

[Nagato4]

Any new coin needs to be considerably better than Bitcoin.  Bitcoin has first mover advantage, publicity and the infrastructure.  Very few other coins come anywhere near.  Many people have now heard of Bitcoin and merchants are accepting it but only handful have heard of other crypto and even fewer merchants accept any of the others.

+1.
The first mover advantage is in fact something very very big.
Just think about Facebook and Youtube, and you will realize how big the advantage is.