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Author Topic: Will BTC be replaced by a new one someday?  (Read 11137 times)

Offline summonerrk

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Re: Will BTC be replaced by a new one someday?
« Reply #165 on: September 17, 2024, 01:41:47 PM »
Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.
Agreed, With the progression of the crypto world we can only observe that the possible of the blockchain technology is endless, new projects are being created. Although many would like to bring other solutions, Bitcoin still remains a leader and an icon in this world of digital systems. Peculiarities of the support from the global community and integration with the largest financial organizations also contribute to the confirmation of this thought, despite other technologies are more developed and can be oriented to specific options.

True, and I want to say that cryptocurrencies and blockchain are the world's first solution to bribes and corruption. Look: the government can now allocate money, but under a smart contract it cannot be pocketed by dishonest officials. But only given to service providers or the seller of the desired product. This is brilliant and will change the world.
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Re: Will BTC be replaced by a new one someday?
« Reply #165 on: September 17, 2024, 01:41:47 PM »

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Offline LUCKMCFLY

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Re: Will BTC be replaced by a new one someday?
« Reply #166 on: September 18, 2024, 04:30:37 PM »
Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.
I agree with that, furthermore I don't think that that is a problem, in fact no currency so far will be able to replace or displace it, because they do not have the antiquity or the history, it is known that Bitcoin has gone through many market cycles and has been there without going away as hype or as a bubble or as anything, a promising new currency will never be equal to or better than bitcoin, because it does not exist, in fact if one comes out with quantum technology at least that is about 20 years old and continues to maintain itself, we can speak with more criteria But so far none.
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Re: Will BTC be replaced by a new one someday?
« Reply #166 on: September 18, 2024, 04:30:37 PM »

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Offline rizqillah

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Re: Will BTC be replaced by a new one someday?
« Reply #167 on: September 18, 2024, 11:29:46 PM »
Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.
I agree with that, furthermore I don't think that that is a problem, in fact no currency so far will be able to replace or displace it, because they do not have the antiquity or the history, it is known that Bitcoin has gone through many market cycles and has been there without going away as hype or as a bubble or as anything, a promising new currency will never be equal to or better than bitcoin, because it does not exist, in fact if one comes out with quantum technology at least that is about 20 years old and continues to maintain itself, we can speak with more criteria But so far none.
Yes, until today there is no crypto currency that can shift btcoin even though we don't or what will happen in the next 10 years or 20 years. Because Bitcoin seems to be getting more expensive and stronger and is trusted by many investors. about the technology offered by bitcoin as a pioneer of crypto currency, it is quite safe and we have not seen any gaps to open it even with quantum computers.

Offline Mia Chloe

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Re: Will BTC be replaced by a new one someday?
« Reply #168 on: September 19, 2024, 10:09:40 PM »
Yes, until today there is no crypto currency that can shift btcoin even though we don't or what will happen in the next 10 years or 20 years. Because Bitcoin seems to be getting more expensive and stronger and is trusted by many investors. about the technology offered by bitcoin as a pioneer of crypto currency, it is quite safe and we have not seen any gaps to open it even with quantum computers.

You are definitely right . Mathematically there is an infinitesimally small chance  of it happening in the future but currently i will say it pretty much impossible. Like looking at trends, past behaviour, potential and adoption it's obvious that bitcoin is the OG of the crypto space and ecosystem and no coin is going to overtake it any time soon. Bitcoin has the highest adoption , it has the highest market cap and in addition to that its limited supply creates an avenue for scarcity which will also help in price progression and stability.
I think one other important advantage bitcoin has is that the market isn't dependent on a single entity rather all users depending on the amount of coins they HODL.
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Offline LogitechMouse

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Re: Will BTC be replaced by a new one someday?
« Reply #169 on: September 19, 2024, 10:31:04 PM »
---
Is Bitcoin able to survive like gold??? Or will it soon be replaced with a new one?
Yes? Or No? Maybe? Who knows? It might be? Possible?

I mean who knows. Gold managed to survive for a very long time because many have been mining it all throughout the years. Bitcoin on the other hand is being mined for years already and I don't know if it's still profitable for the miner even they're living in a country with low electricity costs but what I believe is that, as long as there will be miners, Bitcoin will stay. Will it be replaced though? It's possible especially with our technology evolving at a rapid pace, there might be a new coin/currency/asset that might perform better than Bitcoin.

One thing's for sure though. As long as Bitcoin is being used by many people around the world, it will not go away. :)

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Re: Will BTC be replaced by a new one someday?
« Reply #170 on: September 20, 2024, 12:53:27 PM »
Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.
I agree with that, furthermore I don't think that that is a problem, in fact no currency so far will be able to replace or displace it, because they do not have the antiquity or the history, it is known that Bitcoin has gone through many market cycles and has been there without going away as hype or as a bubble or as anything, a promising new currency will never be equal to or better than bitcoin, because it does not exist, in fact if one comes out with quantum technology at least that is about 20 years old and continues to maintain itself, we can speak with more criteria But so far none.
Yes, until today there is no crypto currency that can shift btcoin even though we don't or what will happen in the next 10 years or 20 years. Because Bitcoin seems to be getting more expensive and stronger and is trusted by many investors. about the technology offered by bitcoin as a pioneer of crypto currency, it is quite safe and we have not seen any gaps to open it even with quantum computers.
As you are know Bitcoin still holds its position as the number one digital currency in the crypto market and up to now no other crypto currency has been in a position to dethrone Bitcoin. Those that are of strength are trust and security factors that it has and the fact that it has been accepted almost by investors around the world. The technology at the base of the user interface has been shown to be quite impenetrable and it has survived threats posed by future technologies such as quantum computers. But it is necessary to analyze a situation constantly because the world of technology does not stand still and, perhaps, in the inclusiveness, there will be new inventions that will introduce serious changes in the crypto platform.

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Re: Will BTC be replaced by a new one someday?
« Reply #171 on: September 20, 2024, 02:38:40 PM »
As fas as I know, Bitcoin continue existence may not be known, it has been a spectacular invention as we are now using it for our daily transactions, but the continuing survival of Bitcoin, just like gold, can't be determined by anybody. Bitcoin is just 15 years, any idea or thoughts of it's survival will be difficult to know.
in addition, Bitcoin is the first digital currency and control the entire crypto markets, I don't think there may be any currency that is able to replace Bitcoin now or in near future. Btc remains the Dominant force on the crypto space, and very limited in supply.

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Re: Will BTC be replaced by a new one someday?
« Reply #171 on: September 20, 2024, 02:38:40 PM »


Offline summonerrk

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Re: Will BTC be replaced by a new one someday?
« Reply #172 on: September 20, 2024, 02:49:58 PM »
As fas as I know, Bitcoin continue existence may not be known, it has been a spectacular invention as we are now using it for our daily transactions, but the continuing survival of Bitcoin, just like gold, can't be determined by anybody. Bitcoin is just 15 years, any idea or thoughts of it's survival will be difficult to know.
in addition, Bitcoin is the first digital currency and control the entire crypto markets, I don't think there may be any currency that is able to replace Bitcoin now or in near future. Btc remains the Dominant force on the crypto space, and very limited in supply.

That's true, and I think we can never rule out Bitcoin being replaced. Ordinals were a nightmare and this kind of non-working behavior of the network definitely doesn't speak in favor of Bitcoin. Maybe there will be a Bitcoin 2.0, which will be better, because we can't be on the same technology for decades...
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Re: Will BTC be replaced by a new one someday?
« Reply #173 on: September 20, 2024, 09:57:19 PM »
---
Is Bitcoin able to survive like gold??? Or will it soon be replaced with a new one?
Yes? Or No? Maybe? Who knows? It might be? Possible?

I mean who knows. Gold managed to survive for a very long time because many have been mining it all throughout the years. Bitcoin on the other hand is being mined for years already and I don't know if it's still profitable for the miner even they're living in a country with low electricity costs but what I believe is that, as long as there will be miners, Bitcoin will stay. Will it be replaced though? It's possible especially with our technology evolving at a rapid pace, there might be a new coin/currency/asset that might perform better than Bitcoin.

One thing's for sure though. As long as Bitcoin is being used by many people around the world, it will not go away. :)
I think everything is possible in cryptocurrency market But without Bitcoin replacement. I think there has no any situation are seen for replace bitcoin till now. No competitors in this market for Bitcoin. Bitcoin is Father of the cryptocurrency. And first cryptocurrency in this market. But from the beaning Bitcoin is best and it has no any competitor till mow. So i think replaced is not possible tillnow.
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Re: Will BTC be replaced by a new one someday?
« Reply #174 on: September 20, 2024, 11:27:31 PM »

 I think everything is possible in cryptocurrency market But without Bitcoin replacement. I think there has no any situation are seen for replace bitcoin till now. No competitors in this market for Bitcoin. Bitcoin is Father of the cryptocurrency. And first cryptocurrency in this market. But from the beaning Bitcoin is best and it has no any competitor till mow. So i think replaced is not possible tillnow.
Many altcoins have better technological advancements than bitcoin but bitcoin cannot be replaced, that is the reality. because as a pioneer and king of crypto, bitcoin's popularity is the highest. so I don't think about replacing bitcoin for the next 10-15 years, because I think bitcoin will remain strong in the future.

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Re: Will BTC be replaced by a new one someday?
« Reply #175 on: September 21, 2024, 10:31:03 AM »
Many altcoins have better technological advancements than bitcoin but bitcoin cannot be replaced, that is the reality. because as a pioneer and king of crypto, bitcoin's popularity is the highest. so I don't think about replacing bitcoin for the next 10-15 years, because I think bitcoin will remain strong in the future.

Correct. Although there are other coins/projects with better technology and usage options that Bitcoin does not have, Bitcoin will not be replaced by any of them. Bitcoin is the first, it is the idea on which the entire cryptocurrency ecosystem as we know it today was based. Before asking ourselves if Bitcoin could be replaced, we should ask ourselves if all Bitcoin investors and holders would be willing to change their investment. The answer would be a very resounding no.
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Re: Will BTC be replaced by a new one someday?
« Reply #176 on: September 23, 2024, 09:06:53 PM »
As you are know Bitcoin still holds its position as the number one digital currency in the crypto market and up to now no other crypto currency has been in a position to dethrone Bitcoin. Those that are of strength are trust and security factors that it has and the fact that it has been accepted almost by investors around the world. The technology at the base of the user interface has been shown to be quite impenetrable and it has survived threats posed by future technologies such as quantum computers. But it is necessary to analyze a situation constantly because the world of technology does not stand still and, perhaps, in the inclusiveness, there will be new inventions that will introduce serious changes in the crypto platform.

If there is no doubt about that, in particular we now veto much more information about quantum platforms, I am sure of that, since the security of btc is quite strong and very good, in this case much has been said about this, but until now if quantum technology comes out it is not at all as powerful as we think, things are much more about going step by step, because it is like the first generation that came out of MARK-1, so in that way quantum computers will come out, then they will not be so advanced until about 5-10 years after the first one is launched, that is how I think it will be.
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Re: Will BTC be replaced by a new one someday?
« Reply #177 on: September 24, 2024, 01:19:42 AM »
As you are know Bitcoin still holds its position as the number one digital currency in the crypto market and up to now no other crypto currency has been in a position to dethrone Bitcoin.

And this will always remain so , it is a fact that things with Bitcoin are on another level, I do not think that another currency is going to equal BTC, because BTC has been around for a long time and has its history, it has fulfilled many stages of the market and that is the good thing, the best of all is that every time we think about Bitcoin there will always be enemies of Bitcoin who will want to make it seem that Bitcoin is a currency that will be a hype or a bubble , but no, the difference is that if a currency wants to equal Bitcoin it would have to be at least as old as BTC and so far no Type of currency can match it.

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Re: Will BTC be replaced by a new one someday?
« Reply #178 on: September 24, 2024, 08:41:27 AM »
Correct. Although there are other coins/projects with better technology and usage options that Bitcoin does not have, Bitcoin will not be replaced by any of them. Bitcoin is the first, it is the idea on which the entire cryptocurrency ecosystem as we know it today was based. Before asking ourselves if Bitcoin could be replaced, we should ask ourselves if all Bitcoin investors and holders would be willing to change their investment. The answer would be a very resounding no.
Although newer blockchains offer higher speeds, current technology, and more utilities, they still lack the values that only BTC possesses: decentralization, management independence, popularity, and acceptance in the economy. That's why many blockchains may have more users than Bitcoin, but their native tokens cannot replace BTC in this market.

We once hoped that ETH, LTC, or BCH could replace BTC with smart contracts, high speed, and large block size, but this has not become a reality. BTC will still exist and lead the crypto market through many more seasons.

 

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