Quote from: karabiber on Today at 10:15:46 AM

Quote from: puradak on November 04, 2023, 03:25:56 PM

Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

No, no crypto coin will ever replace Bitcoin. There have been attempts for this for years, but the result is a big disappointment. If you think that alternative crypto coins will replace Bitcoin based only on transaction speed, then you don't understand Bitcoin. We can also solve the speed problem with the Lightning Network. The Lightning Network is in its infancy and still in development. Developers are trying to figure out if it will work as they imagine. If it does, the benefits of Lightning Network technology will make Bitcoin indispensable.

When it comes to the reason for using Lightning Network technology, the answer is actually very simple: scalability. If the network really does solve Bitcoin's main problem, it is likely to be adopted by other cryptocurrencies. In this case, there is the possibility of further development of cross chain exchange technology. This would be the first step towards the creation of truly decentralized cryptocurrency exchanges.

All current altcoins cannot replace or outperform bitcoin, but it would be stubborn to say that in the future there will be nothing better than bitcoin created while the technology world is developing rapidly. Just like governments believed that their fiat currency would never have a rival, or that anyone could not threaten it until bitcoin was created. I am very passionate about bitcoin and have faith in its future, but developments are happening in our world and if something better than bitcoin is created we should not be surprised. But I don't think that will happen anytime soon.