I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.
The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.
Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.
What do you think?
The reason any altcoin has not replaced bitcoin is simply because people are demanding for it most and bitcoin demand is more than any altcoin demand.
In the future, it will also be hard for any altcoin such as ethereum and litecoin to replace bitcoin because bitcoin is a limited coin and its value will increase significantly because of this in the future.
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The reason is that all of the listed technical innovations are a molding of the old, modernization and not something fundamentally new.
Bitcoin is a cryptographic product.
And in the world of cryptography and technology in this field of knowledge, it is much more difficult to think up something new and better than to make a modern laptop from a computer the size of a house.
This is a different level of difficulty.
Here the molding of the old, modernization - will not do anything.
What is needed here is real discovery, not commercial achievement, such as thin smartphones or flat-screen TVs.
Try it yourself, and you will see that it is more difficult than coming up with a computer from scratch.