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RE: Rise of the alt-coins

in #bitcoin7 years ago

I rather think that instead of the coins metaphorically fighting for king of the hill. They are climbing it together, each at their own pace. It scares me to think that value only trickles around within the cryptocurrency space. I would prefer keeping the fantasy that more and more outside money are coming in and bringing altcoins into the limelight.

Maybe it's just me because I never like anything zero-sum anyway.

Bitcoin will always be special at least for the first generation adopters because it all started from there. All the coins have some codes copied if not forked directly from Bitcoin itself, and that honor would never be robbed away.

Alot of people like to compare whats happening now to the dot com bubble, and is waiting for the burst. Nah, I believe cryptocurrency hasn't even started. Gold is a $7.8b market. Cryptocurrency as a store of value can jump 30x and still not reach half of that. Don't even mention the derivatives market, of which cryptocurrency works far superior as a smart contract. I shudder at the fantasy....

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Indeed. Even if something like EOS claimed the number 1 spot, I expect Bitcoin to remain top ten for at least a decade due to infrastructure dominance, exchanges, ATMs and branding. It may not stay ahead, but it will continue to grow.

That too.. Bitcoin is too ingrained in the popular zeitgeist to fade away so instantly.

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