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 ?
From my understanding and my observation towards cryptocurrency, if all the cryptocurrencies return to Bitcoin it is very obvious that investment in cryptocurrency will not be competitive any longer, the existence of altcoin into cryptocurrency is what is making cryptocurrency to have more firms because many tokens is being created and also been accepted for cryptocurrency investment so if all these tokens should be eliminated and join bitcoin the investment of cryptocurrency wont have been interested and competitive.