Quote from: jostorres on November 27, 2019, 02:25:33 PM

Quote from: HammadAli on November 26, 2019, 06:38:53 AM

Adam Back, CEO of Blockstream and HashCash, has said: "Nothing is above Bitcoin, no Central Bank Digital Currency, no stable coins."

He continued that: "I think that blockchains are more about permissionless, uncensorable usage and free market money. I think while it is possible and useful for some use cases, like crypto trading, to have stable coins, they inherently fall short of Bitcoin as they have custody risk, and if there is a central bank underwriting also traditional establishment interests reflected in the operation which may look unattractive to users."

Source: https://cointelegraph.com/news/exclusive-nothing-is-above-bitcoin-no-cbdc-no-stablecoins-says-blockstream-ceo-adam-back

That's for sure, there are no other coins in the market that are better than Bitcoin, though I have seen a lot of them that claims to be better. Bitcoin is safe and it's not just meant for one purpose, but many. You can use Bitcoin for whatever purpose you want - there are people that would prefer to just be investing in it, while some are using it for transactions and it's always a better option than banks.. I have seen a lot of companies lately that are making use of Bitcoin to make payments, most of them are companies with remote workers ( people that are around the world and working for the company online.) they easily send payments to them without having to undergo the long processes that are being used in banks.

For now yes, we all agree with the statement that still up to this date Bitcoin cannot replace yet as the king of crypto and as the number one of all time, but we can't predict the future and we don't handle other people, there might have been cooking something that will compete Bitcoin, maybe not yet in the market and will just launch soon, we don't know yet so we'll need to watch out for this.