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 ?
What do you mean by backed by Bitcoin? I don't think that Bitcoin will back cryptocurrencies. We know that altcoins exactly follow the movement of Bitcoin, but it doesn't mean that Bitcoin backs them.
If Bitcoin is accepted by all countries in the world become one of the payment methods this means that Bitcoin has really got its main purpose of creation, mainl,y and being accepted. But, this seems to be difficult because not all countries accept BTC as paymenet.