Quote from: christop on April 11, 2013, 03:28:20 PM

Quote from: BitcoinMillionaire on April 11, 2013, 03:12:21 PM

I'll give you an analogy:

Microsoft were the biggest tech company for a while because they were the first to introduce the PC.

Bitcoin is the first cryptocurrency so everyone jumps on board.

But then Apple came along and innovated its way to a higher market cap than Microsoft.

Some alt currency will come along, and people will want to jump in early to catch the rise up and you'd just end up with heaps of different alt cryptocurrencies popping up everyday all driven by the desire of their creators to essentially make money out of thin air.

IBM introduced the IBM PC. Other PCs (Personal Computers) existed on the market for years before the IBM PC was even designed. Microsoft just made a big business deal with IBM and rode along its success. Microsoft didn't even write the OS (MS-DOS) that they licensed to IBM. They didn't make the first graphical windowing system either--Xerox, Apple, MIT, and others came before them. Microsoft has been late to the party with most of its so-called "innovations", so your analogy is flawed.

Sorry my mistake, IBM introduced the PC not MSFT. but the analogy still works I think. My point was that the first one to market won't always be the biggest, most valuable and popular in the long term. And in this case, there could be an infinite number of alternative crypto currencies pop up to steal away the monetary value of the bitcoin.