Quote from: cogsmachine on Today at 02:14:56 PM

Shouldn't all crypto be backed by bitcoin ?
How could a "Bitcoin Standard" emerge? For example, if you could pay for food service etc everywhere with bitcoin, would that be enough to essentially drive bitcoin as a backing standard ?

If we follow your idea then I don't think we need another cryptocurrency. Why do we need extra effort to create another cryptocurrency when Bitcoin can already do its purpose?

Quote from: 348Judah on Today at 09:31:57 PM

Know this, many cryptocurrencies were already back by bitcoin unknowingly to so many users, bitcoin is the only acceptable digital currency with good reputation while others claim to be currencies as well but coming after bitcoin, that's why you could finds out that bitcoin determines how far other cryptocurrencies could go in volatility.

Almost all cryptocurrencies are paired with Bitcoin in the market but it doesn't mean that they are backed with Bitcoin. I have not heard any project launched and claims that they are Bitcoin backed but rather it is either gold, silver, or fiat currency backed. Can you give me an example which present altcoin is backed by Bitcoin?