Post
Topic
Board Bitcoin Discussion
Re: Bitcoin overshadowed by economic lie
by
Agbe
on 06/05/2023, 19:04:44 UTC
The value of bitcoin does not come merely from the fact that it was first,
Exactly, and overtaken is allowed, if any cryptocurrency is capable of overtaken bitcoin, the ecosystem is allowed but I doubt if any crypto is or have the ability to overtake bitcoin. Only the popularity of bitcoin alone is threat to other cryptocurrencies.

even though it is factually true that bitcoin came first (well it was built on other principles and experiences too in order to combine some previous innovations in somewhat unique ways to have the communication of valid coins to take place over a network with competing entities/individuals pursuing their own self-interests therein).... ...
Well the pressure Bitcoin used came was more stronger, higher than any other coin. Because of the way (the goal and the aim) Bitcoin was created and no any other coin can compete with it. As you said, the uniqueness nature of bitcoin is making it to be a super coin in the space.

so there is likely some advantage that comes from a kind of bitcoin protocol that builds upon itself.. and any potential replacement would likely need to be somewhere in the ballpark of 10x better or else any potential replacement would just be absorbed into bitcoin... so many of the shitcoins and supposedly competing products are not even close to better than bitcoin, even if they claim that they are, but even if they were, they would need to be around 10x better otherwise the incumbent (ie king daddy bitcoin) is going to continue to dominate.. even if it is attacked by a variety of actors, including nation-states and traditional banking institutions and status quo richie peeps who see bitcoin as a threat, but likely they can do nothing about it, even though they will try and likely continue to try to beat bitcoin, which might cause difficulties for king daddy bitcoin, but with the passage of time value is likely to continue to gravitate into bitcoin because it is superior to any other current system and likely superior to any system that would need to be 10x better than it, in order to replace my lil precious (aka dee cornz).
The advantages in Bitcoin are plenty. And because of that the adoption of bitcoin is in various countries in the world is increasing every day. And no coin or crypto can overcome bitcoin in anywhere.