No offense but i think of every blockchain out there hive must cointain the lowest iq people out there, lol. i'm so sorry, haha. no wonder your ranking is what now like 200, never ever can stay in the top 100 you can forget that and this is partly why. The people on here not very smart. Logic and reason escapes them.
People don't even know what bitcoin really is. i'm going to post you a video. in this video it either clicks with people right away what's going on or it doesn't. Which means you probably won't understand anything i say either way.
Now i know i'm probably wasting my time on hive. however what's the ole saying? if you can save one person maybe it's worth it. So here's the deal with bitcoin. Bitcoin could only function as a true store of value if first it was a successful currency. Most economist and smart people know this. This is a rule. Bitcoin failed as a currency.
VC's and money people who control the network at a rate of about 87% of the network owned by about 1% of them panicked and went what can we do to make money from this thing. it can only do like get this 4 transactions a second, lol. Now trying to make money from a currency is idiotic in itself as currencies are meant to be a medium of exchange not a pumpamental fiasco, lol. the value doesn't matter this is the stupidity of people, lol. Now this is where the lunacy comes in. This is going to fly over many of you guys heads in this thread because if it wasn't the crypto space wouldn't be lead like a bunch of morons.
So they go let's make bitcoin a store of value without it fulfiilling any of the valid economic theories that go into that. Let's instead manipulate the price and control of bitcoin because that's easy to do. We later get rich and turn this into the trash it is. So that's what they do.
Now the reason that bitcoin will be replaced is because crypto is making people smarter each year . bitcoin is one of these things that has a shelf life where everyone figures out it's garbage. it doesn't have any intrinisic value it is trash at the core. Bitcoin is like the crash test dummy. it's served it's purpose and everything is going to evolve beyond that. Of course much like everyone else trapped on some chain in some crypto the gatekeepers of bitcoin. THe bitcoin maximalist or what i call the bitcoin idiots.. They don't want this to happen. THey hope they can slow evolution however they can't.
I can write a paper on this but if you're asking the kinda question you're asking. i already know you're like a million miles away so i'm just going to move to pi and keep it short. So pi in about the tenth of the time it took bitcoin to develop. Already has about 1/3rd of it's user base. WHich is around 30 million odd users now.
Now bitcoin in reality is suppose to be a stable currency. It's not suppose to be this speculative device on a highway to hell. Everyone knows that's not freedom. if you think about gold. Why was gold always such a bad thing? Well one reason was much like how bitcoin works now where 87% of the network is owned by 1% of it. Which is probably not ever going to change much, lol. it creates no real economic prosperity. if it was just a matter of scarcity could do that. Then gold would have already solved that problem. Now people say governments and blah blah is the problem, however all what bitcoin has become in it's scarcity model is the same people in bitcoin control it that control the supply of gold in the real world. so you back to square one.
So what's the answer? The true answer lies in being a true stable currency. Currencies and the people control of their money creates economic prosperity and that creates healthy networks. Crypto project to crypto project the numbers look even worse than bitcoin. Currencies create better economies not gold. So if you look at how the world system has moved. it's moved more economic prosperity in dollars and euros adn not gold bars. that's why.
so cryptocurrency... the root word "currency" needs to be that to be a viable solution. We don't have that because nobody uses it for anything lol. They give these trash reasons to use crypto going into two decades and nobody is still buying anything with crypto, lol. So they go on making excuses.
Let me make this final excuse then. pi network how i believe they will use it to neutralize the network ownership that's granted on bitcoin through currency supply and user base. As their onboarding is obviously going to appeal to most people. it's going to be a very easy user interface. It's going to make teh average person not feel dumb in crypto. the app will incorporate games and good distribution and velocity of money. All the necessary things bitcoin needed to do. projects like the one i created bitcoin myk very similar to pi obviously will work because i'm smart enough to understand this and you guys not obviously.
The problem is though i can' t make you guys smarter. you shouldn't even be asking questions like this, lol. So thats the best i can do for you. if you all don't understand economics and the difference between currencies and wild speculation with no use cases and essentially pyramid ponzi scheme casino gambling. What can i say to that other than you all need to do more research and get educated.
RE: Bitcoin Will Be Replaced If...