Even though bitcoin is decentralized, are people still able to develop it and evolve it to compete with other crypto as time goes by?
One of the reasons that Bitcoin as a the first cryptocurrency becomes number one is its huge community. Because of this, i think, on the contrary, the other cryptocurrencies should compete the existence of bitcoin.
100% right Bitcoin has nothing to prove to any rising altcoins, btc has already proven its value and has established a huge community that supports it. Bitcoin has set the standard that altcoins should follow.