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- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
We all know how bitcoin was very popular now in the entire world especially in terms of the new innovation of technology. And since bitcoin is too expensive to buy in, the better option for us to have it is to promote altcoin for us to have bitcoin personally, and by promoting it we also promoting bitcoin. Therefore with it, one we get profit into altcoin we also have a chance to get profit into bitcoin and we can have a chance too to hold some bitcoin to our bitcoin storage wallet.