So Bitcoin is King.. why is it?!

[dimitriaustralia]

Why the current crypto currency market is worse than the Rothschild owned central banking system!
Why the need for bitcoin black?
The founding members of bitcoin own 95%+ of the entire crypto sphere! Founding members are disguised as Satoshi.
The new money system is doomed! The main need in the crypto space is a fair distibution with education to truly empower users, not to continue on the old path of money centralisation painted in a different picture based on tech.

From the start they owned the majority of  bitcoins and manipulated the price to accumulate more of a share in each project.
From this point any other project accepted bitcoin in ICO's and as accumulation through manipulation accumulated their holdings they invested a stake in the other altcoins.
Founding members get involved in a large stage and over time through manipulation accumulate more and more of a market share of the major projects.
Still at a small total market cap 400 Billion the manipulation continues with one goal to own more of a share of each crypto.
December 2017 masses were lured into crypto for the first time strategist to make them lose faith in the space and lose money. Many other rounds of luring will take place and accumulation of a greater % stake will take place into new upcoming projects.

It is the transitioning of the old money to the new money, owning more of a share in the new money than before. Making it seem fair, accidental and a betterment to humanity. When in fact its more slavery and concentration of wealth to the elite.

https://bitcointalk.org/index.php?topic=3124440.0

[liuqi]

Not really sure. But i think first introduction of crypto currencies is by bitcoin and not at all bitcoin is the highest rank price from any asset currencies after all

The first invention of cryptocurrency is Bitcoin everyone know this news. So don't confuse it and Bitcoin is the king of Crypto market because this will always maintain a high market cap and high value in Crypto platform. This is the first block chain technology so all the peoples are trust in this platform and All the altcoins valuation is depends on Bitcoin price so this is the king of Crypto market.

[dimiinx]

because so many love bitcoin and its highest price among other coins so bitcoin is the king of all coins.

[simaislam]

I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

yes,I agree with your statement..

[ohlawdy]

Because they were the first crypto to exist, it is called first movers advantage. And now i think people have the most trust in bitcoin because it is proven.

[bimbie]

Yes bitcoin is a king because of its price and it's popularity,it's has the most or the highest price in the market,it has the most potential coin and it's the first to come out.

[Jenn09]

Bitcoin is widely known all over the world and it's price is way too big compare to other crypto currency so i think that is the reason why they called bitcoin as a "king of crypto currency"

[Danilo Malaggay]

Yes Bitcoin King Of The Crypto Currency Because Bitcoin A Old First Coin In The Crypto. Most Popular Coin Is Bitcoin And Most Valuable Coin In Crypto World.

[rickadone]

Bitcoin is the king because it is the very first cryptocurrency in the entire cryptocurrency world and all of the cryptocurrencies get their idea from bitcoin so they are all called altcoins or alternative coin because they are just alternative with bitcoin and bitcoin is the king because it is the trend setter for all of the altcoins in the market so if bitcoin is on bearish trend then the altcoins will follow.

That is one fact no one can ever dispute no matter how much some may want some other cryptocurrency to overtake bitcoin based on their greed or the belief that bitcoin cannot actually increase so much than it already has. I guess only time is going to tell in that case. However, bitcoin would always remain the first and the legacy since every other coin actually evolved from the first major cryptocurrency anyway considering the technology being an open source.

[Odelkaleng]

Probably because bitcoin is the center of all coins. Bitcoin is also a major reference in the world of crypto. Bitcoin also has a high enough price and stable.

[ripti]

Yes, bitcoin is king of all cryptocurrency coin. All cryptocurrency price dependent on bitcoin. when bitcoin price up then all coin price up and when bitcoin price dump then all coin price low rate. why not, all cryptocurrency coin made of rules of bitcoin.

[KingFisher9]

I am concur with you nothing has power and potential as bitcoin has, no cash is that abundant prevailing currently the maximum amount as bitcoin appears to be, until currently from the earliest start line bitcoin has dilated high evaluating and it's right around ninety nine high value than the underlying value of bitcoin, bitcoin is up to now the ruler even at this all around created amount,. i do know it's four-hundredth creator predominance at this moment as you aforementioned however believe Pine Tree State things can come back back to the track shortly, be sure and hold your bitcoin with tolerance.

[Blueblade]

The primary aim of the Bitcoin community is to keep the network as decentralized as possible so it will remain permissionless, high censor-resistant, and, public. Enabling cheap and fast payment is a secondary priority

[Dr.Osh]

Yes, bitcoin is king of all cryptocurrency coin. All cryptocurrency price dependent on bitcoin. when bitcoin price up then all coin price up and when bitcoin price dump then all coin price low rate. why not, all cryptocurrency coin made of rules of bitcoin.

perhaps the cause of it is because bitcoin is the first coin that appears, and has the current highest price. it makes bitcoin has + value of other coins. Until now, many are trying to replace bitcoin.

[pekavcilar01]

Bitcoin is the cornerstone of the crypto money world. The biggest coin that makes up the market is Bitcoin! People have entered crpyto world thanks to bitcoin.
Thanks to Bitcoin, people became millionaires.
Bitcoin is the most important value of the Crpyton world!

[israthj]

Yes ,I think bitcoin is also called a  king because it is now the most highest coin in crypto world & its price and it's popularity, maybe people know about it already that is why many people today wanted to have more bitcoin for the near future.It has the most potential coin .Bitcoin is really amazing than any other coin.

[paras20]

I understand for the past years, Bitcoin has been the king of cryptos, but why is that so? I have been for several months now reading a lot about the whole crypto ecosystem, i even bought several bitcoins back in August (sold them all today, for 4x returns and am keeping all the money in the broker account, and maybe i'll buy BTC again just as soon as i manage to retrieve my belief in BTCs future viability -i am trying really hard).

Enough background, now on to the topic at hand. I am now all too familiar with the challenges BTC has in front of it, and i sincerely can't see a solution.

1. Slow transactions - If you pay a high enough fee (at the moment over $15), you'll get a 10 minutes confirmation for your transaction. So at the very least it takes 10 minutes for a transaction to pass through, which really isn't so much assuming one is willing to pay the high fee. If one doesn't want to pay over $1 (i mean why should we, since the original idea of cryptos was that they should be cheap, fast and anonymous!), then one will wait indefinitely, probably for days or even damn weeks!!!

2. High fees - Now over $15 for high priority on the blockchain. Imagine if the price were to multiply by 5x. The fees!! $100+ per transaction maybe? This is insane. Satoshi Nakamoto has/have probably unfortunately died (i mean he/they WOULD by now have come forward and said enough is enough, miner cartels are ruining the BTC system and these high fees are outrageous insanity) turning in his grave with the hell that is happening to the BTC's ecosystem.

3. Lack of solutions - The major solution everyone is currently clinging to is the Lightning Network. Really?? It is still theoretical. Will it ever be effectively implemented and integrated into BTC and its blockchain? We don't know. Will it be practical, and effectively reduce costs substantially? We don't know! When will it be ready? Sometime in 2018? With a measly small team of developers? 2018 maybe! If it ever becomes pratical. Right now it seems the WHOLE BTC ecosystem hopes that the LN will work and solve ALL of BTCs complex problems. This is a very big and risky assumption. If it doesn't, i sincerely don't see how the BTC is going to navigate ever higher demand and users. It will bottleneck even more and the result will not be pretty. Besides, the whole concept of creating off-chain direct channels between users doesn't seem very practical to me, but perhaps i am wrong.

4. Miner cartels? Have major miner groups taken over the BTC? I haven't studied it deeply enough to make this conclusion, but this is the feeling i am fetting, maybe i am very wrong. Why isn't a solution to this DAMN OBVIOUS BOTTLENECK PROBLEM being chased with the urgency that i think the BTC community should have? Maybe i am missing something, or many things, i am by no means an advanced and very knowledgeable member of the community. But is the theory that major miner groups hijacking the BTC ecosystem in order to keep their high fees absurd? Maybe it is, but at my current understanding it seems like a possibility.

5. Bitcoin considered solely as a store of value. Right now, the only use of BTC is functioning as a store of value. Let other cryptos serve the more mundane task of serving as cash! BTC is digital GOLD! So the argument goes. Is this enough for the BTC? This isn't what i thought BTC was supposed to be. It SHOULD serve as a srote of value as well as a means for making fast and costless daily transactions. You see i am not against a system that serves solely as a store of value but i WONDER if it will be enough, will BTC present enough utility for people once they realize they can't use it for small transactions, but instead they should see BTC solely as something akin to a long term investment, that isn't useful for small transactions? The way i see it the more utility a crypto currency presents to its users, the ore value it will have, and right now there are a dozen CRYPTOS will a lot more utility than the Bitcoin.

So i ask again what makes Bitcoin the King? Network effect? The fact that it has been time-tested longer than any other crypto? A supposed community that supports it (what support they give eludes me too, i don't see much support actually)? Right now i see the BTC as a bloated, outdated and overvalued ecosystem that may survive and continue to thrive just because it has the first mover advantage and biggest network, but i am not sure of it and would really appreciate if it actually kept the edge in it's design and technology too over other cryptos. Right now i don't see it at all.

Bitcoin is a King because it helps a lot of people gives source of extra income to everyone

[peymanrmi]

because in every trading you can see bitcoin footprint
any altcoin first should change it to bitcoin ( or some powerful coins like ETH)
so whenever crypto is live bitcoin is the king of it

[kang.reus]

because bitcoin has a system based on yank investment different from others, because it is said so because bitcoin is a business that produces.

[kloinko1n]

Bitcoin remains at the leading position among the Crypto-currency because of its popularity and trust