Re: Why Bitcoin can never be beaten by any other cryptocurrencies?
^ That is a simple answer, of course, it is fully decentralized, and no one controls it. Even though if the creator will back, still the price varies on the demand on supply, unless if there is a huge amount being sold. The meaning of altcoins is alternate coin so it means they are only alternate to BTC and BTC is the number one coin in cryptocurrencies. Nevertheless, BTC is far away from other coins that is why there are too many investors in BTC rather than altcoin because they now the full decentralization.
Full decentralization is what matters here. No other cryptocurrency is comparable to Bitcoin in this regard. I can't see how altcoins will be able to challenge Bitcoin in the future when they're missing decentralization/security/censorship-resistance. Besides, every other cryptocurrency is similar to Bitcoin in the way they're designed. The technology underpinning Bitcoin is used by every other coin on the market right now. It's this reason why other cryptocurrencies can't "beat" Bitcoin to this date. Until a new coin comes up with a better technology than Blockchain, Bitcoin will remain as the #1 cryptocurrency in terms of market cap and mainstream adoption.
Nonetheless, I think it's time for projects to focus on making our world a better place instead of trying to take down Bitcoin's place on the market. What matters is decentralization and financial inclusion above anything else. As long as every cryptocurrency meets with this criteria, Satoshi's vision will be fulfilled. Just my opinion
