Quote from: labsbitforum on December 06, 2014, 07:35:23 PM

Quote from: brg444 on December 06, 2014, 06:51:26 PM

Doesn't take much foresight to imagine all those problems being solved in due time. You people sound like those who were saying the internet would never scale in 1992.

Quote from: piramida on December 06, 2014, 07:05:43 PM

and btw, tcp/ip v4 has the fatal flaw too, namely extremely inadequate addressing space, known since 30 years ago. you know what? we learned to live with that instead of replacing it with a superior tech. because expensive to replace everything. with every passing day, it is less and less likely that bitcoin will ever be replaced.

IP V6 will happen. It will take some time but eventually will get done. And there will be a replacement to that too at some point in the future. If you look at the history of the world you see all things go through this evolution cycle.

This back and fourth is silly. My plain and simple point is bitcoin has flaws that I don't think are being addressed fast enough making it more likely that it will be superseded by something else prior to it reaching a point where 1 BTC = $10,000 USD. Yes, "all those problems being solved in due time.", but it may not be by bitcoin. Its naive to believe that bitcoin will retain its dominate position in the space forever and ever. Its evolved only slightly from its initial experimental proof of concept launch.

When a viable solution to these "problems" arises it will be implemented into Bitcoin way before it spawns a competing crypto. The network, the market, and any invested parties have entrenched interest into the Bitcoin blockchain and no incentive to allow a successor. They will put any required resources to use in order to adapt Bitcoin and maintain that status quo. This is the strength of the network effect.