Re: What are the chances BTC is replaced by something better soon?
"Soon" would be in the next 1-3 years or so.
One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.
So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?
it is more a matter of which coin can work best alongside bitcoin. Up until this point, it looks like it will be litecoin because of the faster transaction times, and the adoption slowly getting picked up by merchants. One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.
So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?
I don't think those "faster transaction" things will work anymore, Investors nowadays are looking for something different rather than ultra fast transactions, and one of their top picks is security. And when in terms of security nothing can beat Bitcoin's blockchain, this matter has been proven throughout the years, for more or less than 9 years Bitcoin is running smoothly and no one ever succeeds hacking its system(with the assumption that there are a lot of hackers tried to hack Bitcoin's blockchain but ended up as a failure) and this kind of feature what I call "The Ultimate Security" is attracting more investors on Bitcoin rather than investing on new Altcoins.
The chances of altcoins replacing Bitcoin is freaking impossible at this moment and even in the future but who knows crypto currencies are very unpredictable.