We know Bitcoin was the first and is the most trusted Crypto currency out there at the moment and that it is backed by a huge network with tons of hashing power and good security, BUT would you
forget about all of that and go for a alternative technology with better features, once it is developed by all these banks? {Permissioned, private ledgers} They will obviously just copy the concept and
add some bells n whistles and then improve on scalability.
The governments will obviously make things easier for them and make it more difficult for Bitcoin, and then Bitcoin will start to lose ground and things will change in their favor. How do we stop that
or turn that against them? {The only solution I can see, is for us to educate the public and to prove to them that Bitcoin is better}
What will you do? Turn to a permissioned ledger, because things will be easier or stay with Bitcoin out of principle or because you support financial freedom?
i think it is logical to think that it is easily possible for a new technology to come along and become better than bitcoin, i am not saying such technology exists right now or going to exist soon but i say it is possible just as bitcoin came along and is better than fiat as we know it.
but any new technology will have its ups and downs, nothing is perfect. besides it doesn't mean complete replacement of the old technologies as long they are not obsolete.