Bitcoin will fade for the same reasons that first-generation technologies always fade. The sooner the better.
Completely wrong.
First of all, old technologies don't always fade.
Second, Bitcoin is constantly evolving. As soon as someone creates a coin that is not total shit, bitcoin will add it's features via sidechains.
LOL yeah, sidechains are the new hope.
First-gen technologies don't go away completely. I rode on a real steam train not that long ago, and I have a friend who still has a VCR.