Quote from: Subrojit Roy on May 21, 2017, 03:13:18 PM

I don’t think that bitcoin will be ever replaced by any other crypto currency as I don’t see any competition to bitcoin at a moment and even in future bitcoin will keep on updating itself with the demand of people so its hard for any crypto to replace bitcoins.

There is no competition for bitcoin at a moment but it can be changed in future when new technology will arrive and at that time there is a possibility that bitcoin can get replaced by other currency.

i think bitcoin is the most popular currency as majority of people are using it and as you think that in future it could be replace by new currency with the arrive of new technologies, well so i think that when in future the new technologies arrive so bitcoin will also adopt these technologies and update its self

If we are talking of something entirely new, that may not be possible

Since that would effectively mean creating a new coin. The crucial point here is that we should distinguish between really new, breakthrough technologies (such as the blockchain technology itself is) and further development or improvement of an already existing one. Obviously, in the latter case, Bitcoin can easily adopt and adapt, but this is not so with a genuinely novice approach. For example, someone invents a new kind of money based on completely different fundamentals and principles than Bitcoin (read it may have nothing to do with blockchain), and how Bitcoin is going to update itself?