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Author Topic: Why Bitcoin still remains the leading cryptocurrency in the world.  (Read 383 times)
Kalson9 (OP)
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July 19, 2022, 09:30:17 AM
 #1

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.
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July 19, 2022, 09:43:12 AM
Merited by Upgrade00 (2), Wiwo (2), Pmalek (1), Maus0728 (1)
 #2

Bitcoin creator do not control bitcoin, no one controls bitcoin.

It is because bitcoin is the first cryptocurrency but not only that. It is not a shitcoin, it remain to be more decentralized, unlike altcoins.

Bitcoin is now proving to be a commodity, unlike altcoins that are securities because they are still centrally controlled somehow.

Bitcoin has the strongest blockchain, some people prefer it because of that.

Bitcoin has a limited supply. What is scarce is actually money that will increase in value.

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July 19, 2022, 09:53:47 AM
 #3

Understand first what you're talking. Bitcoin is not mysterious, you can read its whitepaper and why it is made, and its purpose. And no one controls bitcoin including its creator, that's why its called decentralized.

Altcoins may vary to its purpose, those who have strong foundation last thats why people still using them while on the other hand most of them now are useless, scam, spam, etc.

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July 19, 2022, 11:10:29 AM
 #4

 
It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.
It's clear you are one of those conspiracy theory guys, it would make sense if You did your research before coming out with this. Bitcoin is open-source, other developers collaborated with Satoshi improve the code. Bitcoin has a public blockchain. The vision was to have a digital currency that is decentralized and can be used for P2P transactions without third parties
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July 19, 2022, 11:37:52 AM
 #5

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

"Trust" that's what makes bitcoin at the top and if you compare with other cryptocurrency the level of confidence is not much high if we compare it with bitcoin that's why we see it still dominating the market. We didn't have any coin yet that we can call a Bitcoin killer and I believe it will forever stay on position where he is currently on.

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July 19, 2022, 01:31:45 PM
 #6

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

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July 19, 2022, 01:51:26 PM
 #7

Bitcoin's the prototype for a blockchain based digital currency.

Most prototypes aren't thrown out but are used to develop things on and add things to. That's why bitcoin is the most valued cryptocurrency and why it's also one of the most secure and most trusted (it might still be trying to prove itself to some too).

There's a chance an altcoin might overtake bitcoin (again) but there's no reason things implemented on other chains can't be added to bitcoins.
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July 19, 2022, 01:53:25 PM
 #8

Being the firstborn means a lot and that's why it's still in the top. Also, the algo that it got, PoW is one of the most secured way of maintaining the network and that's why many are trusting it.

Unlike those new projects and altcoins that has developers on their side ready to maintain and upgrade it, bitcoin remains to be a decentralized project and that's why it is trustless and it has a fixed supply of 21M for which many have been lost forever that adds to its ecosystem and treated as burned bitcoins forever.

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July 19, 2022, 01:55:04 PM
 #9

Your impression sounds like mystical. As far as I know bitcoin is not controlled by anyone including its creators. bitcoin is a decentralized digital currency and has a limited supply (BTC : 21,000,000). The creator of bitcoin is very anonymous, none of us know who satoshi is.

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July 19, 2022, 01:56:55 PM
 #10

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.
Because aside from being the first big crypto coin, bitcoin is a truly decentralized network that caters the need of those who really appreciate decentralization.  Well aside from it, only few project can match up the certainty of bitcoin and some are just used to fake out a decentralized space but in reality can be considered as centralized approach.

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July 19, 2022, 02:56:27 PM
Merited by The Sceptical Chymist (4)
 #11

Quote
Why Bitcoin still remains the leading cryptocurrency in the world.

Because it has people's trust and its dominance is higher than other cryptocurrencies.

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.
If I say that your governments are controlling you after God, then probably it will not be wrong, your every transaction is tracked and your bank accounts could be frozen at any time they want even though that's your money.

However, you need to understand what is bitcoin.
Bitcoin is p2p electronic cash system built using Blockchain technology do you have any idea what this is? Blockchain is a decentralized, distributed, transparent and trustless system that does not require any third party or middle man.

The best example of this is every organization where there is a middleman, whether it is in the form of banks or any other.
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July 19, 2022, 03:35:26 PM
 #12

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.

Am not trying to be offensive here mate but someone can be a newbie here but has more knowledge about Bitcoin than some older members here. Anyways I think OP is just trying to make himself known since he has been opportune to locate this forum and encouraging him to read more so that he will not go about posting irrelevant things that will only generate an unnecessary argument instead of providing useful information or solutions to the forum, good one.

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July 19, 2022, 03:37:05 PM
 #13

When you look at all the altcoins out there, do you see any that are entirely decentralized like bitcoin? Is there any that are not controlled even by the people who created them? and thanks to its complete decentralization, bitcoin's blockchain is also considered the most secure and safe compared to the rest of the altcoins. Consequently, Bitcoin is unique and no one can replace it or be like it.

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July 19, 2022, 06:52:20 PM
 #14

Am not trying to be offensive here mate but someone can be a newbie here but has more knowledge about Bitcoin than some older members here.
That is definitely possible and there have been many highly knowledgeable users who joined the forum and I learned a lot from, even while they were newbies. But, from the first post of the user, it.shows they have a lot to learn and it's improbable they fall into that category.

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July 19, 2022, 08:52:30 PM
 #15

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

"Trust" that's what makes bitcoin at the top and if you compare with other cryptocurrency the level of confidence is not much high if we compare it with bitcoin that's why we see it still dominating the market. We didn't have any coin yet that we can call a Bitcoin killer and I believe it will forever stay on position where he is currently on.
Bitcoin will never stop from dominating the market because there is still a strong demand coming from the crypto community. If that demand decreases, i guess bitcoin will be put in danger and will not lead the market eventually. But for now, it's hard to compete with bitcoin even if we dig through a lot of altcoins. Bitcoin is considered a much safer and secured investment compared to other crypto coins alive. And with the high confidence from the people that show support for bitcoin, then it will always be irreplaceable.

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July 19, 2022, 09:50:16 PM
 #16

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.
Even Satoshi cannot manipulate the outcome of bitcoin, but its only the community itself that keeps it going. If people find confidence investing in bitcoin, i guess there is something in bitcoin that most altcoins don't have. Aside from its high storage value, bitcoin too has always its great utility case that other crypto coins lack. That is why bitcoin always leads the cryptocurrency market because its not only for short term investment and profiting, but more on long term profiting and investment.
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July 19, 2022, 10:18:25 PM
 #17

You joined the forum earlier today and are already telling others what Bitcoin is.
You would benefit more from the forum, if you read and learn from the wealth of information available here. Feel free to ask questions when you get confused and previous discussions don't cover that topic or question.
Most of the time, the answers to some questions are also found in the forum and you will most likely to discover it if you keep your patience in reading and learning at the same time. Although this discussion has been repeated a lot of times, but it always gives a certain answer too. Bitcoin remains the leading crypto in the world because there are no other coins that can closely compete with the high potentials of bitcoin. And as faith of the people arise, trusting bitcoin knowing its the best and safest crypto investment has now become the trend.

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July 19, 2022, 10:20:20 PM
 #18

It is known over years and now that Bitcoin is a mysterious and some kind of digital currency that is not well known how come about and only the creators of it knows and control it and is a supernatural creature and it like is an idea or vision of the creators to control the planet after God.

If you're slumbering it's time to wake up, bitcoin is different and Nature is also different, bitcoin has all that it takes to make it through the challenges but thinking about any extra supernatural force working on bitcoin is all wrong, bitcoin is created just by a mere man like you and i, he sat down to make his research and eventually it all worked out and fortunately enough he happen to be the first



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Rainbot
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July 19, 2022, 10:28:32 PM
 #19

Understand first what you're talking. Bitcoin is not mysterious, you can read its whitepaper and why it is made, and its purpose. And no one controls bitcoin including its creator, that's why its called decentralized.

Altcoins may vary to its purpose, those who have strong foundation last thats why people still using them while on the other hand most of them now are useless, scam, spam, etc.
Since altcoins has always been the playground of all scams in the market, then most of the people develop more fears from investing in altcoins, except for those old and established altcoins that have proven their worth and value for a long time. That is why a lot of people have trusted bitcoin instead more than altcoins because they have seen its consistency from day one up to the present. And until now, bitcoin remains to be the most expensive coin in the market that anyone knows about it will always dream of accumulating more for future, huge profits.
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July 20, 2022, 02:56:34 AM
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 #20

The only thing we don't know about bitcoin is its creator which is not important at all. The rest is all known so there is no "mystery" in bitcoin because it is 100% open source so it can all be seen.
The answer to your question is pretty simple, it is because there hasn't been any alternate cryptocurrency created that could perform half the things bitcoin does. Majority of them have serious flaws, like the security bugs in ethereum protocol; a large number of them are centralized and shady and most of them are useless. In other words bitcoin has not had any competition ever since its creation.

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