With that being said, I still think we should and will move away from btc in the future. Too much fees, too slow, and so on.
So I do think altcoins will eventually prevail.
Topic: Why is BTC not abandoned because newer "cryptos" can do what BTC can do? (Read 128 times)
March 12, 2018, 05:09:58 AM
March 12, 2018, 04:34:22 AM
BTC has been around for so long and will be in the future as well. That's one of the biggest pros of btc - it's huge, it's popular and its the king.
March 12, 2018, 04:26:10 AM
Because although newer currencies may have technical features that seem superior at first glance, many of them are centralized tokens that are in essence the exact opposite of what makes Bitcoin valuable.
Bitcoin is a proven, tested, resilient, decentralized, immutable cryptocurrency. Most other ICOs and tokens have pretty websites and captivating descriptions but the reality is very very few of them have been tested the way Bitcoin has - and most are nothing more than tokens of a company or group trying to turn a profit.
I'm sure people can answer your question better than I can - but just keep in mind that if the entire value of a crypto was only in it's ability to transact with merchants - then no crypto would really be worth anything because we already have American Express.
Bitcoin is a proven, tested, resilient, decentralized, immutable cryptocurrency. Most other ICOs and tokens have pretty websites and captivating descriptions but the reality is very very few of them have been tested the way Bitcoin has - and most are nothing more than tokens of a company or group trying to turn a profit.
I'm sure people can answer your question better than I can - but just keep in mind that if the entire value of a crypto was only in it's ability to transact with merchants - then no crypto would really be worth anything because we already have American Express.
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