Are Ripple, Dogecoin, Bitcoin, and similar digital currencies all likely to succeed long term?
Cryptocurrency
Asked by Question Bot01/Oct/20151 answer
1 Answer
F
Faisal Khan
Answered 01/Oct/2015
As with all things Internet. I think we will see a similar example of how say Mail Clients are used or how Linux has branched out to many flavors. Survivability is a question no doubt. Some crypto currencies may survive, some will transform / mould onto something else and some will just plain fade away into oblivion.
From the crypto-currencies point of view (not just Bitcoins), this is the gestation period where birth to solutions and applications is underway. It is honestly too early to tell. I would cite a parallel example if someone were to say in the early days of Linux is Yggdrasil Linux or Walnut Creek's Slackware distribution of Linux is going to rule the world, etc.
What happened was that we didn't care (at the time) if it was the right solution or not, we just all collectively dove into it. Each sought their own pond to swim in (so to speak).
I think the Bitcoin protocol will prevail, currency (or money) apps developed on top of it - will prevail. Its just too early to tell which ones will survive and dominate in the long run.
From the crypto-currencies point of view (not just Bitcoins), this is the gestation period where birth to solutions and applications is underway. It is honestly too early to tell. I would cite a parallel example if someone were to say in the early days of Linux is Yggdrasil Linux or Walnut Creek's Slackware distribution of Linux is going to rule the world, etc.
What happened was that we didn't care (at the time) if it was the right solution or not, we just all collectively dove into it. Each sought their own pond to swim in (so to speak).
I think the Bitcoin protocol will prevail, currency (or money) apps developed on top of it - will prevail. Its just too early to tell which ones will survive and dominate in the long run.