Quote from: hubbabubbabaker on May 13, 2013, 07:58:07 PM

Quote from: solidshotnosh on May 13, 2013, 07:36:40 PM

I think you guys are seriously underestimating what the power of familiarity can produce.

In my opinion, the advantage of bitcoin is it being the "first" mover in becoming a mainstream crypto-currency.

I also think the name in itself is extremely powerful. It sound simple, yet invokes a sort of cyber future image.

Litecoin and Feathercoin just sound weak in comparison. (Phonetically weak)

I think we will soon start to see threads about how much is 'insert crypto currency' in BTC instead of how much fiat is BTC worth.

I've noticed this as well. Altcoins don't really have the same marketable ring to them that bitcoin does. But that doesn't mean someone can't still create an alternative, it only further discredits the power of the current substitutes.

The diluted altcoin market is likely where (if) Bitcoin's eventual successor will appear.

Bitcoin's first mover advantage could well be the most important factor, however.