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RE: Trigger Phrase: Store of Value
some other coin will dethrone Bitcoin [based on] utility [and not speculation]
Couldn't agree more.
It's not worth sacrificing the trust of Bitcoin unless the application is killer.
I ironically speculate that the days of speculation will be over soon™.
I highly doubt that Bitcoin can keep up with other blockchains due to its
base protocol layer [making it] extremely resistant to change
I guess we'll see.
I don't think Bitcoin needs to keep up with other blockchains necessarily. Moreso, I think the more important question is whether or not the Bitcoin stack (with BTC at the bottom) will compete with any other blockchain stack.
I think Ethereum was the first real coin that hinted towards this idea, but it is also dealing with scalability issues that it needs to solve by expanding and building out its stack. But I pretty sure Ethereum's scaling approach involves changing the base protocol layer which may be harder in the long run and risks potential danger in hard forks. I think a newer smart contract platform may surpass Ethereum before it passes (if it passes) Bitcoin.
I think development in protocol stacks is a safer method as it avoids hard forking in general. I mean we've seen the harm that sloppy forks can cause. Luckily we haven't seen a breaking bug. But hey, like you've said, we'll see what happens.
Sharding definitely feels like a change to the base protocol level. Seems like it's sacrificing decentralization. Plasma might be a little better in that regard with the whole side-chain concept... I assume it's basically the Lightning Network of Ethereum.
Like you said though... it's mostly about the demand of the dapps on the chain. No one is exactly clamoring to use any dapp in existence right now.