You are viewing a single comment's thread from:
RE: Will Bitcoin with Lightning Network Crush All of its Competition? ft Cedric Dahl
Bitcoin is losing dominance quickly to alt coins (85% last year to 40% now). I don't see it happening. As a early Bitcoin adopter I have completely stopped using it. The transactional volume on Bitcoin also shows many other people have stopped using it. 
Not a bad point but what is the other largest coins in dominance compared to the market place? Do you know what Ethereum's market presence was when it almost caught bitcoin compared to now against all crypto (including bitcoin)? Market dominance has to suffer some since thousands (if not more) alts were created over the past few years.
However, I do think a Bitcoin like coin that had a more central figure and was closed source could be the future. One where it gained a technical advantage but couldn't be forked, split, or code copied. However, it may be tough to make it as decentralized. Over time, I expect most money to flow back to the best projects not just the newest ones.
Well the whole point of Crypto is open and decentralized immutable ledger. Smart contracts are the major thing ETH has got going for it, Bitcoin does not. In 2013-2015 there was so much Bitcoin Maximalism and for good reason because it was suppose to implement every killer alt coin feature. Vitalik even wanted to build Ethereum on Bitcoin's protocol but the Core Developers were not interested. IMO Bitcoin Core is a failed a dying project. So much hype around Lightening Network yet its not being adopted b/c its does not focus on user experience nor what the users wanted in the first place. Right now we are seeing a huge amount of money flow into alt coins. Ethereum is also at risk at becoming obsolete if the developers fail to make the required scaling upgrades. EOS, NEO, Cardona and others are hot on its tail.
Good informed response. I need to learn more about the 3 you have mentioned. I've heard a lot about them but do not own them or have wallets for them.
The point about "inferior" technology is important. You do not have to be the best in every domane to be the best overall.