Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin so valuable just because it was first?
by
minersday
on 03/10/2019, 05:05:20 UTC
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...

Bitcoin is valuable not because it has the trust of the people but it is because of blockchain technology.  Bitcoin arrived with blockchain technology which introduced decentralization ushering people in the financial ecosystem with financial freedom. I don't see any altcoin which is better than bitcoin in terms of technology or products backing them. Most altcoins use bitcoin's algorithm to develop their own blockchain network without having any particular solutions to solve gaps seen in the financial space.
Bitcoin is better because it solves and bridges gaps seen in the centralized financial systems.