Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
South Park
on 22/11/2016, 22:07:55 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

Well bitcoin achieved huge sucess because it were well made, since the begining and the core now just improve it, and has some questions to handle over the next years, but hasnt any influence neither being controled by just one single person. I dont know how sucessfull a new crypto coin with a team and control may achieve sucess, but its good for crypto world.

I agree, atleast now no crypto currency is even near as succesfull as bitcoin is. The first time i heard of bitcoin, I didn't even know that there's some other cryto curriencys as bitcoin. I believe that's becouse media is mostly posting about Bitcoin.
You must understand that the reason the media is focusing almost exclusively in bitcoin is not only because bitcoin is the crypto with the greatest volume, the reason is that the average person will most likely flock to the most known of all the cryptos and without a doubt that is bitcoin, that is why they keep the misinformation campaign against bitcoin so the average people are afraid to use it.