Post
Topic
Board Economics
Re: could bitcoin be replaced by another crypto currency?
by
Red Fire
on 21/01/2018, 14:16:15 UTC
i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
I think right now there are new cryptos that people developing this time to replace bitcoin but I don't think that it can erase bitcoin in the market because people are used to bitcoin and they trust bitcoin other than altcoins out there so it might be hard for other altcoins to bring down bitcoins especially right now.