It seems to me that BTC and Ethereum thank their growth prospects to their established names, rather than the tech behind it.
If you think it's different, let me know.
How does Bitcoin gain its establishment? For being a pioneer? Or just simply the network and the community stand its time and battle-tested here and there. There is a reason why Bitcoin is established, and the cause of it is what some or many people realise the condition of why the coin itself has growth potential.
I think because it was the first one of its kind. Like the first automobile.
Many people bought that automobile. It has been great to them (huge gains), and offered many advantages.
But I believe that there will be better tech. It's just that most people don't know it, and don't recognize it when it's there. I think that 95% of people here, including myself, do not understand the tech deeply enough to make a judgement whether it will be successful or not. That's why I try to collect as many arguments as possible from critics.
One of the aspects I don't fully understand are the differences in terms of centralisation between bitcoin and various altcoins.
Centralisation in the sense that no government can trace who paid who. Who owns what.
That is what they want to know, so they can restrict it and tax the shit out of people.
With bitcoin I don't think this can succeed. So they would have to go after the exchanges and try to regulate them, attacking BTC that way.