Post
Topic
Board Speculation
Why bitcoin is called and valued superior still?
by
kwukduck
on 12/01/2018, 11:00:51 UTC
With so many innovations in the crypto space and solutions for every problem bitcoin has.
I keep on hearing that Bitcoin Core is still King of crypto, and not only in market cap.

"They have by far the biggest and best team behind it."
- Orly? What have they done? We're still using old code and innovation is nowhere to be seen. Instead we are seeing bankster like solutions being proposed by this group.

"Bitcoin has the most secure network."
- Orly? Only if you discard anything else than PoW. Proper implementations of PoS, BFT, PoR, PoB are much more secure than PoW and they don't waste gazillions of valuable energy and don't pollute the environment.

"It's the mother of crypto."
- So what. Parents die, children prosper. *repeat*

Let's sum up what other innovations we have in crypto space that Bitcoin does not offer.
As a currency:
- Fungibility.
- Privacy.
- Anonymity.
- Smart contracts.
- Scalable p2p network.
- Secure 'green' mining/network.
- Sustainable fee/mining reward setup.
- Decentralization.
- DNS.
- Governance.

Other:
- Secure Communication/messaging.
- IoT compatibility.
- Data storage.
- Decentralized web.
- Exchange.


There's probably a bunch more i can think of.
The question remains, why is bitcoin seen as superior and valued as such while it offers almost nothing? Even at it's basic function it is surpassed by almost every other crypto.
The only thing backing it's value is big whales shouting how awesome bitcoin is because they have a big stake in it.