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Author Topic: Is there a reason why Bitcoin has to be the crypto in the future?  (Read 1577 times)
Epokicecool
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November 27, 2018, 02:45:43 PM
 #61

Unfortunately for bitcoin there is no ground breaking reason why BTC has to be the leading crypto, it just happened to be the first and most widely known cryptocurrency out there.

Now most of the other ones "altcoins" are all based somewhat of the btc blockchain tech. And some of these may even be better than BTC in terms of efficiency and security. But like many have stated here, BTC is the most known crypto out there by far. Hence the only reason of why BTC has to be the one is that it is widely known by the mass and have been somewhat accepted as a payment system in some areas of the world.

But to simplify the thinking, we could think of blockchain tech as the "internet" and btc as the browsers. BTC could be like "internet explorer" but who knows in the future? just like "IE" kinda died out there are new faster more efficient browsers like chrome, firefox etc.
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November 27, 2018, 02:53:36 PM
 #62

I would say, in any case, BCT will be around for some time so or so.

One of the main reasons why Bitcoin can stay for a long time is the Security, the biggest blockchain, still trustable!

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November 27, 2018, 02:55:54 PM
 #63

Bitcoin can not be also the crypto of the future for thousand of motivations.
People speak about bitcoin because is adopted for its long history.
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November 28, 2018, 01:25:04 PM
 #64

I would say, in any case, BCT will be around for some time so or so.

One of the main reasons why Bitcoin can stay for a long time is the Security, the biggest blockchain, still trustable!

Well bitcoin doesn't have to be the crypto of the future. Sure it will go down in history as the father of crypto and the bearer of blockchain's early years but it's inevitable that somewhere along the way, probably in the future, there will be alts that can further push this market forward.

 
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TheUltraElite
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November 30, 2018, 08:52:45 AM
 #65

Well bitcoin doesn't have to be the crypto of the future. Sure it will go down in history as the father of crypto and the bearer of blockchain's early years but it's inevitable that somewhere along the way, probably in the future, there will be alts that can further push this market forward.
Altcoins will always be secondary to bitcoin. Considering the purchasing power using different crypto for other crypto the biggest orders are always in either fiat or btc and sometimes eth. There is always the market and the demand for altcoins to grow but they will not become bitcoin 2.0 because there does not exist and will not exist anything that is like that.

I would say because Bitcoin and Ethereum both have the blessings of not being securities by the US government. That's a massive deal that won't be allow something else to knock it off easily. That and the whole Satoshi thing keeps a leader out of it and all humans has issues and faults which we get to avoid.
Perks for those who are in the first world countries. Glad we are not in the same situation because in future who knows SEC might want want to jump onto cryptos as well.

 
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