Topic: Is there a reason why Bitcoin has to be the crypto in the future? (Read 1521 times)

You are right. Governments will prefer a cryptocurrency which the developers are known. But I think bitcoin creator anonymity is one of its advantages. If a cryptocurrency founder is known by governments, they can force him/her to change it to a centralized system that they can control it.
If bitcoin remains the biggest cryptocurrency, we are the winners.

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.

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.

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!

I believe it yes. Once they will be regulated by different countries, it will become true. But it will take time. There are many benefits of crypto over fiat.

I'm not very technical competent, and I will gladly listen to anyone who wants to explain anything.

I'm trying to think of why Bitcoin has to be the coin that lasts into the future.
The primary reason I can think is due to it being the first, and therefore it's in a way more scattered?
Any new mineable crypto could quickly and easily be overtaken by a major entity who could then potentially control the majority of it,
which would be problematic for a decentralized currency.
And a pre-mined crypto could never become the largest.

Of course due to Bitcoin being the most used and largest crypto, as well as being the #1 trading pair,
there's currently not a lot of genuine reason for everyone to transfer to another currency, even if for example speed is improved,
since to be fair, the majority of people are just holding their bitcoins and in general there's not that much need for speed at the current point in time?

However, nothing is very certain and I'd gladly hear more reason as to why Bitcoin would remain the largest.
Seeing the conflict between Bitcoin and Bitcoin Cash is really toxic for the community and adoption at a whole,
I'm not convinced why there could not be something which incorporates the best of various platforms(smart contracts, privacy etc all in one?)

It's difficult to imagine adoption on a global scale that somehow would involve using many various currencies to achieve different things,
even if there were a 'layer' on top to simplify it.

One argument I heard tho is that any up and coming crypto technology can theoretically be added into any existing crypto, so therefore,
it's hard to challenge Bitcoin, since being the largest, new technology can just be added on top, therefore making any up and coming crypto redundant?

One problem I'm not fully understanding is how centralized it actually is, seeing this picture:


While I understand that the miners making up the pool can stop mining, is this still not a threat to the network if the three largest pools could collaborate for control?
Partly considering the majority is chinese (less decentralized geographically(not sure if relevant)),
but they could technically ruin the network at any point?

I think Bitcoin should already be a Crypto, because Bitcoin will ease the way in any payment transaction system.
And the programs that Bitcoin has made are very good at establishing all the people of this world in terms of work.