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Author Topic: Is Bitcoin just a stepping stone to something better?  (Read 5506 times)
gamersglory (OP)
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April 29, 2014, 04:29:35 AM
Last edit: May 05, 2014, 05:45:46 PM by gamersglory
 #1

I don't think Bitcoin be around in 5 years as most people will switch to a new gold standard yet to be made. Bitcoin is too short sighted and limited to 21 million coins and is still a Beta technology so are all crypto coins at this time. some people wasting time and money on trying to buy gox is stupid and it's a lesson in how we need more then 3 major exchanges.   learn what the faults are and then replace bitcoin with an improved crypto with that knowledge. I think BTC is just a huge stepping stone to what will be next. I have some ideas as to what the requirements for the next big coin will need to have in it's design but then i'm not a programmer. Right now it just seems like cryptos are just being thrown to the wall and see what sticks. We need to start thinking whats next. Just my thoughts want to know what you folks think.

1. The coins mined earn interest while in your wallet or on an exchange Wallet. Don't know what would be an appropriate rate though. But the best thing i think would be the rate would very based on how much hashing power would be on the whole network ex. more hash = more interest . This would help little guys who don't have a lot of hashing power. makes it more like banking

2.No interest made when your not mining. Not putting in the work anymore why should you earn.

3.The biggest part a coin that can adjust with inflation and deflation. If the value goes down everyone should feel it in there wallet no mater how big or how small. Amount of coinage in your wallet would decrease or Inflate based on value think for example if the coins value got really high it would split like a stock 1 coin becomes 2 coins and so on a split would happen after it reaches a fixed doller value.

4. Some sort of new hashing algorithm that puts everyone no matter how much hashing power they have on equal footing. Difficulty increasing should not be able to be cheated by having more hashing power.

5.Mined block size will vary based on all of the above. Each block will have the interest to pay out to everyone's active mining wallets.

I would love for others to add there ideas and comment on my ideas           
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April 29, 2014, 05:16:17 AM
 #2

So tell us what needs to improve

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April 29, 2014, 06:22:54 AM
 #3

It could be, but what it does have going for it right now is the recognition....although I guess it's not inconceivable that some other coin down the road pulls an Apple and completely reinvents the field...especially since this whole cryptocurrency idea is so new.  Either way, it will be interesting to watch.
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April 29, 2014, 06:31:30 AM
 #4

I think BTC is just a huge stepping stone to what will be next.
So this guy is asking programmers to be a huge stepping stone to what will be next for him...

Any volunteers?
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April 29, 2014, 06:38:21 AM
 #5

Okay, now seriously, I have just the plan for you big guy:

1. Hire Chinese or Eastern European programmers for your coins (they're cheap labor).

2. Implement your ideas.

3. Since you're not a programmer, you're just going to have to trust your Chinese / Eastern European programmer buddies not to implement any malicious code.  Grin

4. Release it in Alternative Cryptocurrencies, it will be a huge stepping stone to what will be next...

5. Your awesome idea will overtake all the cryptocurrencies.

6. Bitcoin forum capitulates to your coin.

7. ??

8. Profit. You are the next Satoshi Nakamoto!

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April 29, 2014, 06:39:14 AM
 #6

Something better is already here - Monero
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April 29, 2014, 07:32:17 AM
 #7

Why are people always referring to "only 21 Million coins" there will be one day that Bitcoin is so expensive that people will struggle with getting 0.3BTC let alone 1 BTC
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April 29, 2014, 07:41:47 AM
 #8

Yes its a stepping stone to dogecoin
Sage
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April 29, 2014, 08:16:07 AM
 #9

Bitcoin is the Beta app.

Make no mistake about it, there will come a time to change out your Bitcoins for another currency.  Right now though, it's all Bitcoin & Litecoin.

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April 29, 2014, 08:19:49 AM
 #10

Yes its a stepping stone to dogecoin

RIGHHTTT.... look at a dogecoin chart.

No dogecoin provides not real value over and above Bitcoin.  And because of its' inflation, provides tremendous downside.

Dogecoin will be a dead project in a few years... hear me now believe me later.

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April 29, 2014, 08:31:55 AM
 #11

Bitcoin has the developer base it will be around even if the new versions of stuff start to appear

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Tammy Chan
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April 29, 2014, 08:33:42 AM
 #12

I have some ideas as to what the requirements for the next big coin will need to have in it's design but then i'm not a programmer.

You can hire programmers to build the "next big coin", or you can just tell us your idea. Cheesy

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April 29, 2014, 08:35:14 AM
 #13

Bitcoin is the Beta app.

Make no mistake about it, there will come a time to change out your Bitcoins for another currency.  Right now though, it's all Bitcoin & Litecoin.




TCP/IP is a beta protocol.  Make no mistake about it, there will come a time to rip out all the internet infrastructure and replace it with something new.
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April 29, 2014, 08:41:59 AM
 #14

Bitcoin is the Beta app.

Make no mistake about it, there will come a time to change out your Bitcoins for another currency.  Right now though, it's all Bitcoin & Litecoin.




TCP/IP is a beta protocol.  Make no mistake about it, there will come a time to rip out all the internet infrastructure and replace it with something new.


For sure... and it will be peer-to-peer, fully encrypted & unable to be spied on, shut down, or censored...

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April 29, 2014, 09:04:22 AM
 #15

Why are people always referring to "only 21 Million coins" there will be one day that Bitcoin is so expensive that people will struggle with getting 0.3BTC let alone 1 BTC

Because being able to only afford 0.3 BTC makes you feel like a loser. At the same time for the same money you could afford to buy 250k Dogecoins and feel rich. I don't think many people want to feel like losers and most people want to feel rich, that's a no-brainer to me.

Yes, Bitcoin is ahead now, because it was the first, but really, why didn't Satoshi just make the limit of 1 trillion bitcoins? That number would be enough for everyone to feel rich. Don't tell me about millibits shit, people like 'whole', they don't like 'part', millibits aren't appealing when you clearly understand you're a loser because you only can afford 0.3 of a 'whole' BTC. That's why numbers of Dogecoin followers are growing like bees, because they love to own 'whole' coins, thousands of them. Human psychology is too important a marketing aspect to ignore.
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April 29, 2014, 09:10:27 AM
 #16

Why are people always referring to "only 21 Million coins" there will be one day that Bitcoin is so expensive that people will struggle with getting 0.3BTC let alone 1 BTC

Because being able to only afford 0.3 BTC makes you feel like a loser. At the same time for the same money you could afford to buy 250k Dogecoins and feel rich. I don't think many people want to feel like losers and most people want to feel rich, that's a no-brainer to me.

Try to think it like 30000000 satoshi rather than 0.3 btc then Cheesy

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April 29, 2014, 09:17:40 AM
 #17

Try to think it like 30000000 satoshi rather than 0.3 btc then Cheesy

I try. Sometimes it works, sometimes it doesn't, and trust me, I always try to think about things logically. Now, imagine a lot of people aren't that logical. Trying to think that way won't work for them each time, and they will choose a different coin where they don't have to rack their brain like that, but instead feel rich and have fun Smiley
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April 29, 2014, 09:29:45 AM
 #18

I don't think Bitcoin will not be around in 5 years as most people will switch to a new gold standard yet to be made. Bitcoin is too short sighted and limited to 21 million coins and is still a Beta technology so are all crypto coins at this time. some people wasting time and money on trying to buy gox is stupid and it's a lesson in how we need more then 3 major exchanges.   learn what the faults are and then replace bitcoin with an improved crypto with that knowledge. I think BTC is just a huge stepping stone to what will be next. I have some ideas as to what the requirements for the next big coin will need to have in it's design but then i'm not a programmer. Right now it just seems like cryptos are just being thrown to the wall and see what sticks. We need to start thinking whats next. Just my thoughts want to know what you folks think.         

What are the 3 major exchanges ?

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April 29, 2014, 09:36:29 AM
 #19

I don't think Bitcoin will not be around in 5 years as most people will switch to a new gold standard yet to be made. Bitcoin is too short sighted and limited to 21 million coins and is still a Beta technology so are all crypto coins at this time. some people wasting time and money on trying to buy gox is stupid and it's a lesson in how we need more then 3 major exchanges.   learn what the faults are and then replace bitcoin with an improved crypto with that knowledge. I think BTC is just a huge stepping stone to what will be next. I have some ideas as to what the requirements for the next big coin will need to have in it's design but then i'm not a programmer. Right now it just seems like cryptos are just being thrown to the wall and see what sticks. We need to start thinking whats next. Just my thoughts want to know what you folks think.         

What are the 3 major exchanges ?

Coinbase, Bitstamp and btc-e maybe? Though coinbase is technically not an exchange...

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April 29, 2014, 02:30:28 PM
 #20

i think that bitcoin will be around for a very long time and i dont think anything will take its place. maybe if google or something creats an alt coin but that still would probally evolve around the bitcoin and the price of bitcoin unless google gives it a set value but then u lose all the traders and investers

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