Re: Why would there be just one cryptocurrency?

tl;dr
Why try and make Bitcoin do everything instead of having an ecosystem of specialized currencies?

Nobody is in control so thats why we get a ton of alts created. As regards BTC i think its good to have many options with the currency, you dont have to use them. It has more value because it has potential to do so much in the future.

Blockchain technology makes innovation in several sectors. So based on the same technology several ICO projects evolve around and this in turn gets value and moves into circulation as a store of value. These day countries try to make their own fiat get digital form. This too is an reason for the existence of lots of digital currencies.

Just as expected since because the existence of bitcoin they will surely generate their own idea on creating one since people do really love to copy innovations and the results there are lots of cryptos and soon e-currency that would use blockchain technology which is really normal to happen.

Just imagine if the bitcoin is the only cryptocurrency there will be no trading at all the buy and sell of bitcoin is the only one will exist. I think the new coins introduced to us are normal because of bitcoin idea to people they are trying to imitate the bitcoin and make some earning. For me that is good to because of that trading of altcoins exist.

but i think bitcoin is already the only famous currency of the world and becoming more and more popular. i think there is not any other currency that can compete with bitcoin. i do not thing that there is any other crypto currency that people are using for different purposes.