Topic: Why Bitcoin is the #1 crypto currency in the world if it's slow and expensive? - page 4. (Read 358 times)

BTC tx's are expensive right now as the fee rate is high, BTC tx's are also not instant, but they are secure. There are other networks that process tx's faster, but these tx's remain reversible for a very long time. But in the BTC network, one confirmation is as good as irreversible, and since blocks are found ~ 10 minutes on average, 10 minutes may be enough to get you that confirmation. Not instant, but it is secure.

BTC is what it is because of its use cases, and you cannot begin to compare it with shitcoins. If you don't see a reason why you should use BTC, you can use the coins you feel are better, that's why it is a free market.

Bitcoin is decentralized, unlike ripple that is completely centralized. But the reason ripple did not got to all-time-high might be because of the SEC lawsuit which has later been won. But if it is not centralized, there would not be such lawsuit.

Bitcoin has more utility. It is well known than ripple. Bitcoin is an asset that can be used for investment and that is the reason bitcoin investors do not think more about the fee. The fee will also later become reduced than it is now.

While it's true that Bitcoin is slower and more expensive to use than some other cryptocurrencies, it has a number of advantages that make it the most popular choice for many people. First, Bitcoin is by far the most widely used and accepted cryptocurrency. It's supported by the largest network of merchants and exchanges, which makes it easier to use in everyday transactions. Second, Bitcoin has the most secure and robust blockchain technology, which makes it highly resistant to attack. Third, Bitcoin has the largest and most active development community, which is constantly working to improve the technology. And finally, Bitcoin has the first-mover advantage,......

most brand recognition and is the most widely known and understood cryptocurrency. While these factors might not be enough to make Bitcoin the best choice for every situation, they do make it the top choice for many people. The slow transaction times and high fees can be overcome with the use of "off-chain" solutions, such as the Lightning Network, which allows for much faster and cheaper transactions. And the developers are working hard to improve Bitcoin's scalability so that it can process more transactions per second. So, while there are some valid criticisms of Bitcoin, it's important to consider the full picture before making a judgment......

Yes, it's the first coin ever created, but it's slow and expensive (unless you're using the lightning network which most people and businesses don't).

How come Ripple which is the cheapest and one of the fastest ones - failed investors since 2018 and never reached back to the all time high of $3ish and those who believed in Ripple got 0 yields and a slap in the face, and yet this slow & expensive currency is the holy grail everyone is talking about?