Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
Victorycoin
on 18/11/2016, 12:45:32 UTC
Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency
This kind of replacement without any doubt is what the authorities have been nursing, but how disappointed they all would be at the end of the day. The wide spread acceptance of bitcoin was not for the fun of it, but hinges on the fact that bitcoin is a revolution that arrested the  financial colonialism people have been subjected to overtime and which is what the authorities are fighting tooth and nail to reinstate, but the people are wiser now.

Technology is evolving, so we might someday come into another coin that could replace bitcoin, but it cannot be anything built outside the foundation already in place in bitcoin, especially the ability for transactions to stay decentralized or it never would make it pass bitcoin.