Quote from: Wend on Today at 02:02:12 PM

Quote from: stadus on Today at 01:54:22 PM

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?

Anything can happen in this free world, and the competition is fierce. If we come across a new project that's better than Bitcoin, people might invest in it, and Bitcoin could gradually lose its popularity until the market declines. But that's a worst-case scenario, my friend. Personally, I don't worry about the future because it's all uncertain. My advice is to enjoy the benefits Bitcoin offers while we can. If the time comes for it to be replaced, we'll have enough to invest in a new project.

Why do you consider that the worst case scenario? If that happens, we should be happy because we will get a more perfect version of bitcoin that will bring greater benefits to us. After all, Satoshi created bitcoin because he was fed up with the way governments ran the world, the devaluation of fiat currencies...so he created bitcoin to overcome those shortcomings. And if someone inherits Satoshi's thinking to create something more perfect, why do we consider that a bad thing?
But you're right, that hasn't happened yet and we only have bitcoin for now, so enjoy bitcoin while waiting for a better version of bitcoin.

OP asked if people would get rid of their Bitcoin if something like this happened. I think it's the worst situation for investors because just imagine, Bitcoin is already worth more than $600 billion in marketcap, and all that money could disappear if a new cryptocurrency or a better one is created.

I'm open to making changes to improve the system, but we should also be prepared for when that time comes. We're not just holding onto Bitcoin for no reason. It's important to get our investment back and maybe even make some profit before Bitcoin loses its value.