It's just momentum. It's more important that Ethereum looks too centralized than Bitcoin. And this centralization may at long last lead that SEC may change its stance and may start considering ETH as a security. And it'll be epic game!
the SEC didn't wait years to state ETH is not a security, only to flip on that later. not gonna happen. anyway, this isn't a game/competition. any coin being deemed a security is bad for all parties involved.
ETH should take it as a compliment and get to work addressing it.
it's in worse shape than BTC (scale-wise) but we're both in the inefficient "linear scaling" boat.
It was Bitcoin's time to shine and altcoins are nothing more than parasites thriving on its prey.
i mostly view altcoins as a way to generate bitcoins. however, i think "parasite" is the wrong way to think of them. actually, the relationship is quite symbiotic.
the vast majority of altcoin volume is in alt/BTC markets: all that BTC liquidity
could be BTC supply pushing the BTC/fiat markets down. if altcoins didn't exist, there would be
a lot more BTC supply pushing the price down. by removing liquidity, altcoin markets remove BTC supply and therefore increase BTC price.
