Why are there no altcoins that can replace Bitcoin?

[yazher]

One can make his own upgraded version of bitcoin and continue to promote it and when it is finally recognized and used by the community, he will disappear with no trace leaving his invention free to use as we have with bitcoins right now. But that's not gonna happen since projects nowadays are evolving so fast that for only 1-2 years you need to update or develop the project to adopt the current trend which is kinda hard to do if you decided to hide from the community.

If you can somehow manage to do that, then you have a chance to be in the top 10 in the crypto market and eventually become the first after another 10-20 years.

[1715336446]

1715336446

[fuguebtc]

The crypto world perhaps bitcoin is the most unique, is the first created coin, is the most fully decentralized coin on the market. This asserts that bitcoin is an inviolable asset that can only be used by the holder of the key. Unlike bitcoin, today's altcoins are not fully centralized, so security is not as guaranteed as bitcoin.

[19Nov16]

The crypto world perhaps bitcoin is the most unique, is the first created coin, is the most fully decentralized coin on the market. This asserts that bitcoin is an inviolable asset that can only be used by the holder of the key. Unlike bitcoin, today's altcoins are not fully centralized, so security is not as guaranteed as bitcoin.

If equated with a building, bitcoin is a unique building that is 100% complete and nothing new has been done, there has not been any change in bitcoin so it is purely decentralized, even bitcoin founders can't intervene with bitcoin, and the lack of altcoins is constantly being refined so that it makes Developers have control over the coins or tokens they create.

[molsewid]

The crypto world perhaps bitcoin is the most unique, is the first created coin, is the most fully decentralized coin on the market. This asserts that bitcoin is an inviolable asset that can only be used by the holder of the key. Unlike bitcoin, today's altcoins are not fully centralized, so security is not as guaranteed as bitcoin.

For me when I first heard about cryptocurrency I can't really figured out what this cryptocurrency is, but when I heard bitcoin I easily recognize that it is a digital currency. What I really mean about this is in my own opinion bitcoin represents the whole cryptocurrency platform and that's why it is the most common and dominant crypto in the market. Actually there are many good altcoins too that can we say a good one to invest with but in terms of public popularity bitcoin is the most known crypto..

[0t3p0t]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

It is because Bitcoin has a huge community compared to Altcoins and of course the adoption around the world. It is also the most popular cryptocurrency to date and crypto is nothing without Bitcoin. Some country even accepted Bitcoin as a valuable asset and can be traded locally.

[slackovic]

It is because Bitcoin has a huge community compared to Altcoins and of course the adoption around the world. It is also the most popular cryptocurrency to date and crypto is nothing without Bitcoin. Some country even accepted Bitcoin as a valuable asset and can be traded locally.

I don't think that Bitcoin has that bigger community than some popular altcoins. Many of top 10 CMC projects have really big community and I would not be surprised if one of them is even larger than Bitcoin's community. I'd say that the biggest reason why there is no altcoin that can replace Bitcoin is because we are still very early in the crypto adoption. Bitcoin is the king of all crypto and it probably will be the king for quite some time. But that doesn't mean that there won't be some altcoin that will emerge and dethrone Bitcoin one day.

[lightduty]

Bitcoin is the best. Is decentralized (others are too), it's open source (the source have been review a million times) works (a bit slow), there is acceptance as money replacement, can order anywhere online, transfers are auto, etc.

When i first got bitcoin i was surprised with this new idea, and it was trending, other projects came along like Ethereum but it wasn't the same.

[Jawhead999]

Bitcoin is the best. Is decentralized (others are too), it's open source (the source have been review a million times) works (a bit slow), there is acceptance as money replacement, can order anywhere online, transfers are auto, etc.

Most of altcoins is centralized, not decentralized.
Not sure what does works a bit slow you mentioned above, the development is slow, but the transaction isn't. It's same as other altcoins, depends how much the fees you paid to miners.
Yeah, El Salvador was the one proof where Bitcoin got accepted as legal tender, other coins not yet or perhaps wouldn't.
The other you mentioned isn't only on Bitcoin alone, all altcoins do can transfer online and buy on anywhere.

[LFC_Bitcoin]

No alt will ever replace bitcoin, not in our lifetime any way. Bitcoin is King Daddy, there’s a reason alts were nicknamed shitcoins.

[mildmanneredsuffering]

because bitcoin isnt some cyberpunk obscure monetary experiment. It was a massively funded, PR campaign backed megalith.  Actual obscure developers quickly find out they get no press campaign, no jewish organized crime funding, and no pass from the crime orgs operating in the us government.

Bitcoin is a big theater stunt, not an actual organic system.   Organic systems dont have pr articles in every "cohen and berg" adverpress rag on earth from day 1

[ropyu1978]

The crypto world perhaps bitcoin is the most unique, is the first created coin, is the most fully decentralized coin on the market. This asserts that bitcoin is an inviolable asset that can only be used by the holder of the key. Unlike bitcoin, today's altcoins are not fully centralized, so security is not as guaranteed as bitcoin.

I really agree with your opinion, the real crypto world is bitcoin, because the first thing that appeared was bitcoin, after a few years of the emergence of bitcoin, then several other coins appeared, such as altcoins, but in fact, although many other coins appeared, they could not match bitcoin, the emergence of other coins is only as a complement, and covers the shortcomings that exist in bitcoin.

[mildmanneredsuffering]

No alt will ever replace bitcoin, not in our lifetime any way. Bitcoin is King Daddy, there’s a reason alts were nicknamed shitcoins.

just like no fiat can replace fiat. bitcoin will be replaced, that is a guarantee. I expect a new system to come after nuclear( dirty nukes and  or thermobaric large scale extinction events) war, and mass genocide of organized crime groups across the globe. when the whole earth realizes one gang has been robbing everyone they are a violent psychopathic organized religious crime group, there can be no other response from humanity but the total extermination of the parasite group

[Dunamisx]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

Your statement is a bit contradictory, you said no alt coin that can replace btc, which is true.

If all other alts coin have succeeded in building a technology superior to bitcoin then i think they should have been ahead by now, but you know why they cant, their applications is still far behind that of bitcoin and bitcoin does not maintain the leading digital currency a because it was first to launch, but it has built technologies and applications far from the reach of other cryptos.

[teosanru]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

Honestly speaking i don't think the same, see the strength and the time span in which these other coins have taken over the market Sol has reached in top 5 in just a matter of 10 months, with this much potential in altcoins i am sure there will soon be a time when alts will surpass bitcoin because of their utility, i am sure it won't happen very soon, it might happen after a lot of years but will happen for sure one day.

[BIT-BENDER]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

It depends on your preference, I believe there are Alt-Coins already replacing Bitcoin on some people's portfolio already, so people are selling of their BTC, or aren't buying BTC as to preference to Alt-Coins.
It always about the Crypto enthusiast choice, but right now generally Bitcoin has more holders , for now and things are fast changing, even if Bitcoin would still be relevant in the future some Alt-Coins would also be up there.

[jrrsparkles]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

Actually you made the wrong comparison the reason why gold is expensive is simply because its rare and the extraction process cost also bit expensive but one day if asteroid mining became reality we can expect the supply of gold will increase which will greatly reduce the gold. Meanwhile bitcoin can be replaced as well but until now every other project created is trying to become the next bitcoin not better than the bitcoin.

[wozzek23]

Bitcoin is the best. Is decentralized (others are too), it's open source (the source have been review a million times) works (a bit slow), there is acceptance as money replacement, can order anywhere online, transfers are auto, etc.

Most of altcoins is centralized, not decentralized.
Not sure what does works a bit slow you mentioned above, the development is slow, but the transaction isn't. It's same as other altcoins, depends how much the fees you paid to miners.
Yeah, El Salvador was the one proof where Bitcoin got accepted as legal tender, other coins not yet or perhaps wouldn't.
The other you mentioned isn't only on Bitcoin alone, all altcoins do can transfer online and buy on anywhere.

This is like 90% of the problem with the crypto market right now. There are tons of people who do not realize the fact that we are in a period where altcoins are mainly centralized and have teams and founders that get your money and promises you that they will use that money to do wonders.

I hate that, money should not be paid to the owners for betterment of the project, if the project is good then it is good, if you want to make it better, some developer will offer a better solution and if the public likes it then they will go with it. Do we still use the legacy network of bitcoin? No we do not, we use segwit mostly, did satoshi created segwit? No he did not. That means there is no need for a creator to keep it going.

[verita1]

Bitcoin is the most important active in Crypto space for being the pioneer is somewhat unquestionable where we all agree. It has great value due to decentralization, it is safe, it is a true store of value.
It is money disruptor,
It has achieved what no one had thought that people move their capitals of traditional assets to digital assets.
Although there are Altcoins they walk in seeking to accumulate more bitcoin.

It is already news in a tweet The CEO of Terraform Labs, DO Kwon, has plans to accumulate Bitcoin to support the StableCoin TerrausD (UST).

https://twitter.com/stablekwon/status/1503296630396645376?t=7wsm-v1E40cou6d_8bif1q&s=19.

https://www.theblockcrypt.com/post/139871/how-bitcoin-is-becoming-the-new-decentralized-gold-standard-according-to-terraform-labs-do-kwon.

[Oceat]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

Actually you made the wrong comparison the reason why gold is expensive is simply because its rare and the extraction process cost also bit expensive but one day if asteroid mining became reality we can expect the supply of gold will increase which will greatly reduce the gold. Meanwhile bitcoin can be replaced as well but until now every other project created is trying to become the next bitcoin not better than the bitcoin.

I don't know what was the OP thinking that Bitcoin would be replaced by some altcoins who are just merely a copy of the original one. If you want to beat or replace Bitcoin then better make one that has utilities such as your altcoins pick and decentralized at the same time that cannot be controlled by no one. And I agree that he made the wrong comparison since both have different attributes and difficulty level when mined.

[abderrazak belkhir]

I always asked the same question and i think the best answer for this is that bitcoin have a far better reputation in all over the world and all new crypto adopters hear about bitcoin as the first thing in crypto, i want also to montion that it's not logi to make ETH and Sol for example in the same level cause ethereum is far better for me