create account

Can be BitCoin replaced? by viterbo

View this thread on: hive.blog |  peakd.com |  ecency.com
bitcoin · @viterbo ·
$52.73
Can be BitCoin replaced?
I've been asked the following question:
<b>"do you think that Nano or any other crypto can replace bitcoin anytime within 2-5 years ?"</b>
And this is what I think...

<p> <center> <img src="https://cdn.steemitimages.com/DQmbTUQkFBPRjh9zvuAZYASAhWg2ReQxXj8ZekJpdjaXDS7/BTCvsEOS.png"> </center> </p>

Yes. I believe that EOS can do that (in terms of market cap).
Think about this: Is expected that EOS price can reach 100 USD within 1 year or less. If that happens the EOS market capital will be almost the same that BitCoin has today.
<h3>In numbers, that is...</h3>

<table>
<tr><td><b>Currency</b></td><td><b>Unit price</b></td><td><b>Market Cap</b></td></tr>
<tr><td>EOS</td><td>100 USD</td><td>100.000.000.000 USD</td></tr>
<tr><td>BitCoin</td><td>6.776,96 USD (today)</td><td>115.812.906.156 USD</td></tr>
</table>

However, let's not forget that Money can change it's format (technology) and still be the same currency. For example: a dollar bill is worth one dollar and a digital dollar in your bank account is a complete different representation but still worth one dollar.

Now think about the BitCoin. It's current representation (first blockchain generation) is almost deprecated. But Rootstock has proven that is possible to migrate Bitcoins from its blockchain to the RSK blockchain (and back). One Bitcoin over Rootstock blockchain (another representation) still worth one BTC.

<h3>Conclusion</h3>
EOS has the potential to take the place of BTC (in terms of market cap) but also has the capability to give the bitcoin a new format (a new blockchain to live). That means that BTC may transform itself from the main coin in its own blockchain into a Token (Smart Contract implementation) over EOS platform.

<b>If that happends, BitCoin will skyrocket!!!</b>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 153 others
properties (23)
authorviterbo
permlinkcan-be-bitcoin-replaced
categorybitcoin
json_metadata{"tags":["bitcoin","eos","cryptocurrency","crypto"],"image":["https://cdn.steemitimages.com/DQmbTUQkFBPRjh9zvuAZYASAhWg2ReQxXj8ZekJpdjaXDS7/BTCvsEOS.png"],"app":"steemit/0.1","format":"markdown"}
created2018-06-12 14:53:15
last_update2018-06-12 14:53:15
depth0
children14
last_payout2018-06-19 14:53:15
cashout_time1969-12-31 23:59:59
total_payout_value40.186 HBD
curator_payout_value12.541 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,771
author_reputation18,876,420,470,156
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id60,456,342
net_rshares20,222,202,604,948
author_curate_reward""
vote details (217)
@amanpreet24 · 
Looking forward to invest in EOS and thanks buddy for this valuable information
👍  
properties (23)
authoramanpreet24
permlinkre-viterbo-can-be-bitcoin-replaced-20180705t180245752z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-07-05 18:02:48
last_update2018-07-05 18:02:48
depth1
children5
last_payout2018-07-12 18:02:48
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length79
author_reputation416,410,051,338
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id63,557,245
net_rshares9,708,751,726
author_curate_reward""
vote details (1)
@viterbo ·
$0.02
Any time!
👍  ,
properties (23)
authorviterbo
permlinkre-amanpreet24-re-viterbo-can-be-bitcoin-replaced-20180705t203931767z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-07-05 20:37:27
last_update2018-07-05 20:37:27
depth2
children4
last_payout2018-07-12 20:37:27
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.003 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length9
author_reputation18,876,420,470,156
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id63,571,884
net_rshares11,662,479,631
author_curate_reward""
vote details (2)
@amanpreet24 · 
brother i have one question I have some dogecoins with me so want to know what's the future of dogecoin is it going to rise in future??
properties (22)
authoramanpreet24
permlinkre-viterbo-re-amanpreet24-re-viterbo-can-be-bitcoin-replaced-20180706t052201876z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-07-06 05:22:03
last_update2018-07-06 05:22:03
depth3
children3
last_payout2018-07-13 05:22:03
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length135
author_reputation416,410,051,338
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id63,612,386
net_rshares0
@boomerang · 
This post has received a 14.18 % upvote from @boomerang.
properties (22)
authorboomerang
permlinkre-can-be-bitcoin-replaced-20180612t164739
categorybitcoin
json_metadata""
created2018-06-12 16:47:42
last_update2018-06-12 16:47:42
depth1
children1
last_payout2018-06-19 16:47:42
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length56
author_reputation1,273,205,827,891
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id60,469,439
net_rshares0
@viterbo ·
$0.02
good to know
👍  
properties (23)
authorviterbo
permlinkre-boomerang-re-can-be-bitcoin-replaced-20180612t164739-20180612t183641688z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-06-12 18:35:00
last_update2018-06-12 18:35:00
depth2
children0
last_payout2018-06-19 18:35:00
cashout_time1969-12-31 23:59:59
total_payout_value0.016 HBD
curator_payout_value0.004 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length12
author_reputation18,876,420,470,156
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id60,481,283
net_rshares8,885,439,555
author_curate_reward""
vote details (1)
@crypto.piotr ·
$0.02
very interesting topic @viterbo

I actually were hoping if you could answer your first question "can nano replace bitcoin"?   EOS cant, because that's something different. But Nano is kind of "better bitcoin". Isnt it?

ps. my voting power is down to 30% so I cannot support you with upvote. I figured that I will at least drop a short comment.

Cheers, Piotr
👍  
properties (23)
authorcrypto.piotr
permlinkre-viterbo-can-be-bitcoin-replaced-20180614t075945692z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["viterbo"],"app":"steemit/0.1"}
created2018-06-14 07:59:39
last_update2018-06-14 07:59:39
depth1
children3
last_payout2018-06-21 07:59:39
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.004 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length359
author_reputation27,396,789,428,606
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id60,693,197
net_rshares9,606,530,810
author_curate_reward""
vote details (1)
@viterbo ·
$0.02
The truth is that I did'n know much about Nano (now I do, thx to your question) and that's part of the problem. Most of the people of the planet knows about BitCoin but a very small percentage really understand the underlying technology (meaning that the branding is what matters).

Now that I did my research on Nano and I understand the strategies it has, I can say that you are right in calling it a "better bitcoin". How ever, tech is not the only thing that matters in terms of winnig the leadership.

Take Windows for example, clearly it has not been the best operating system in the last 20 years and even then it is still the most used system in PC and Laptops. Linux for example, has everything to be the leader (technically speaking) but it would have to displace the Windows that is already deeply rooted in people.

Suddenly, Android emerges, an operating system that achieves leadership within mobile devices. A competitor that solves the same problem but is different (In this case, it operates on mobile phones, which became very popular and therefore Android had a massive adoption).

The way I see it is that Nano is like Linux and BitCoin is like Windows. I will be extremely difficult for Nano to gain market while being just a better technical solution for the same problem (just money).

In this comparison, EOS would be like Android. Not only does it solve the same problem with better technology, but it also comes with many innovative features that will attract a lot of people and that will generate enormous adoption, which will lead to new leadership.

This is just my opinion.
Bye, C U around
👍  
properties (23)
authorviterbo
permlinkre-cryptopiotr-re-viterbo-can-be-bitcoin-replaced-20180614t194255212z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-06-14 19:41:12
last_update2018-06-14 19:41:12
depth2
children2
last_payout2018-06-21 19:41:12
cashout_time1969-12-31 23:59:59
total_payout_value0.022 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1,620
author_reputation18,876,420,470,156
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id60,764,654
net_rshares9,030,138,961
author_curate_reward""
vote details (1)
@crypto.piotr ·
$0.02
great and valuable comparison viterbo

thx for reply. and have a great weekend

yours
Piotr
👍  
properties (23)
authorcrypto.piotr
permlinkre-viterbo-re-cryptopiotr-re-viterbo-can-be-bitcoin-replaced-20180616t082840359z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-06-16 08:28:33
last_update2018-06-16 08:28:33
depth3
children1
last_payout2018-06-23 08:28:33
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.004 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length91
author_reputation27,396,789,428,606
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id60,955,463
net_rshares9,606,530,810
author_curate_reward""
vote details (1)
@stever82 · 
Interesting any of the platforms can pass btc in value but it will be hard.  BTC is just the way in and out of the market.  Most exchanges trade in BTC pairs till that changes you won't see BTC drop from the top spot.  I do feel that sooner than later other coins with cheaper transactions will take over as the gateway for money to come in.  I just don't see a platform taking over.  I like Bitcoin Green, or Bitcoin Cash to be the next to go after it as new major coin.  Also watch out for Binance coin as it is getting more trading pairs and if any other exchanges start to use it it will go way up.  Good post though.
properties (22)
authorstever82
permlinkre-viterbo-can-be-bitcoin-replaced-20180612t150042774z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-06-12 15:03:39
last_update2018-06-12 15:03:39
depth1
children1
last_payout2018-06-19 15:03:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length621
author_reputation286,907,780,825,563
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id60,457,638
net_rshares0
@viterbo ·
$0.02
BTC has the branding and thats difficult to replace, even with great tech!
Thanks for your comment.
👍  
properties (23)
authorviterbo
permlinkre-stever82-re-viterbo-can-be-bitcoin-replaced-20180612t183619252z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2018-06-12 18:34:36
last_update2018-06-12 18:34:36
depth2
children0
last_payout2018-06-19 18:34:36
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.004 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length99
author_reputation18,876,420,470,156
root_title"Can be BitCoin replaced?"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd0
post_id60,481,239
net_rshares9,077,557,167
author_curate_reward""
vote details (1)
Help/Feedback