For now, the race for leadership is still fully on with Bitcoin having a lead but thats not carved in stone. It is not said that this will be the case forever. In a use case whereby no fees micro transactions are vital, IOTA would clearly have a lead over most other cryptocurrencies, assuming they can get their clusterf* of a wallet and network stability up to standards.
Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die. So I welcome altcoins instead of loathing them.
... I see a purpose and place for various altcoins.
You guys still talk about all these various coins in some hypothetical future where you see them being "used" for various things. But without the ONE CRITICAL thing, mass merchant adoption, they won't be used for anything other than trading. That's all. Years and years will pass by, and they won't have achieved merchant adoption on any significant level. So what then? Just trade?
How long will you guys give these also-ran shitcoins before the fallacy of "some future use case blah blah blah" never materializes? A few years? A decade? Two? There is only so long that something can exist on pure hype.
Besides that, having various altcoins around with new variations and technologies popping up all the time is vital for the survival of this digital phenomenon. Adapt continuously or die.
That is a GIANT fallacy if I've ever heard one. Bitcoin in no way shape or form has to continuously "evolve" beyond a certain point to become the predominant form of digital money or digital gold 2.0 on a worldwide scale. (Notice I said "beyond a certain point", bc it is not there quite yet). In the same way Gold does not have to continuously "evolve" to be a sound physical store of value.