Hi guys,
I have my bitcoins since about a year. I fully support the concept of stateless currency, thats why I bought my first bitcoins.
now, I see other coins start growing a lot. My concern is about Bitcoins status as leader. I believe we can have a major crash and developers run away if Bitcoin is not the "gold standard" in crypto. First question I have: would you agree with this concern?
Second question: what needs to happen to make Bitcoin a secure #1? I dont think we even need to do payments in btc, but at least make it relevant.
Your concern is very much valid and in my opinion the only way to get a secure #1 is for a scaling solution to be accepted by the whole community like right now. Otherwise ethereum will overtake bitcoin very soon.
I believe that eventually Ethereum can possible take the number spot occupied by Bitcoin right now. That is, even if the scalability problem of Bitcoin can be solved for good. That is why I have some Bitcoin and am now starting to also "invest" in Ethers as its value is really jumping by leaps and bounds and it is still cheap right now compared to Bitcoin.