Doge may have promoted bitcoin a bit as a meme(being a crypto-currency), other than that I don't think LTC or any other shitcoins actually influence bitcoin in any(positive) way.
I agree. I guess altcoins are inevitable and could be needed as a viable alternative, but they are actually not needed at all, it's just all BS, a bunch of nerds coming up with slightly different and "better" ways of doing things that no one cares about. Hell, people don't really need or use Bitcoin itself so go figure.
The only altcoin I was aware of before I got into Bitcoin was Litecoin, Doge was also in my radar but I couldn't really explain or care about what they were, just digital money or tokens you could exchange.
I think people need Bitcoin more than ever right now... Look, the fiat system is bound to collapse eventually IMO. All fiat is, is notes based on trust in government, and you can clearly see that trust in government has been rapidly declining as time goes on.
Let's think of fiat in ways of digital currency. There's no legitimate reason why Central Banks create more notes, they just create more so it looks like inflation isn't taking place, when looking through the years it most certainly is. Bitcoin is a limited currency with a progression curve that one can predict what the inflation will be at a given time. Fiat isn't backed by anything or created in a manner that makes since, it's just nothing more than a couple old rich white guys who have control over everything essentially when it comes to the global macroeconomic spectrum of things.
Bitcoin is revolutionary, because it allows humanity to use a currency that is not based on trust in government or central banks... It's based on math.
