Quote from: kryptqnick on July 19, 2019, 12:55:41 PM

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I think that since Bitcoin was the first successful crypto, it also became the most famous one and the most innovative one in comparison with fiat, so this popularity and respect of innovation pushed it forward and might even push it forever.

Yea this is very true, I think a lot of it has to do with the time / innovation "ratio" or how much something is "ahead of its time". I guess a lot of Bitcoin's downsides are also a result of it's age, aka the blockchain issue you referenced. I do have a kind of pessimistic attitude towards the life of Bitcoin, but it's still pretty amazing this is all possible. It will be interesting to see how things continue in the future.

Quote from: RBull on July 19, 2019, 01:04:42 PM

Some altcoins are better than bitcoin for specific purposes. Bitcoin has the trust of the people and a very solid system.
Any altcoin that wants to compete with bitcoin has to offer something new, otherwise is just a bitcoin clone...

Interesting, I do think it's a very valid point to make that most "altcoins" are pretty much Bitcoin with a "new" feature slapped onto it. Even now there are hundreds of tokens being made each day, trying to introduce something new. I guess the real question is whether there needs to be improvements at all? Like kryptqnick said, it does it's job very well and has withstood the test of time.

Quote from: joelsamuya on July 19, 2019, 01:05:15 PM

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Now, the same can be said of Bitcoin's competitors: being better may not be always enough. Ultimately, everything boils down to acceptance and that sense of trust that it can be more valuable down the road.

That's very true, it doesn't matter how good your product is, if you don't have the right market then you fail. And I guess I didn't consider that a lot of the things I consider "issues" or "annoyances" relating to Bitcoin, could be considered very differently by someone else. It's kind of like Facebook being the forefront of new social media, despite having numerous issues like privacy concerns and false information: it's still the biggest social media platform. I think Bitcoin's competitors fail in the aspect of "being different" as they all have the same goal: handing monetary transactions.

Quote from: LeGaulois on July 19, 2019, 01:06:54 PM

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But don't forget Bitcoin can also evolve and remain competitive. There's a lot more to improve, Segwit didn't come the day 1. There are also multiple things like MimbleWimble, Schnorr which will help BTC

I am not really up to speed on all the recent improvements to the blockchain, but it looks promising. As someone who is not really into the "technology" behind Bitcoin, I didn't even know a lot of this stuff was possible. I am excited to see what the community can come up with!

I didn't really expect this many responses but it is really making me think! I don't really want these reply posts to be a page long, so I will answer a few more later. My view is a bit more agnostic now, as a lot of you brought to my attention the reason Bitcoin is still so great, even in comparison with newer altcoins.