Quote from: ven7net on Today at 05:45:53 PM

Quote from: john_cm on April 19, 2020, 06:50:56 AM

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

I believe that this will definitely not happen in the foreseeable future. Recently, there has been a lot of talk about new coins ready to break out into the top, but things do not get beyond these conversations. The fact is that BTC has already earned recognition from many investors and users and other new cryptocurrencies will not be able to make the same success quickly. This may take a long time, but even if it is, there are still no competitors on the market for BTC.

Exactly my take is that reputation and acceptance of Bitcoin globally goes beyond any altcoin taking over it even with its flaws, its Market Cap and Daily volume traded is huge and massive which take years to attained there is no altcoin that can achieve that feat for now, BCH, ETH should have been a potential threat to the dominance of Bitcoin however investors have more trust and confidence on Bitcoin than any other coin although its mainstream may takes years to be accomplished but we will get there someday.