Personally I can say that knowledge in cryptocurrencies isn't very beneficial because ask yourself, why is bitcoin popular? And then compare possiblities of bitcoin to Monero. Everyone will tell you that bitcoin is decentralized, anonymous, etc... But then there is a monero. Logically, Monero should be the number one cryptocurrency and not bitcoin because monero is decentralized where every user is anonymous by default. Then there is an ethereum that offers a lot of features unlikely to Bitcoin but still bitcoin is number one currency. I can't actually understand it. I don't say that bitcoin is bad, no, it's great but I used to think that Monero and Ethereum had potential to surpass bitcoin. That's why I think that bitcoin hodling is more important than bitcoin knowledge.
You make some good points that there might be some other features that are touted to be better than bitcoin, but sometimes the extent to which those features might be touted as better is not so obvious, and many times in technology, if you want to displace an incumbent (which would be bitcoin in this case), then you need to be clearly and unambiguously 10x better than the incumbent, and I doubt you would argue that Monero, Ethereum or any other shitcoin is actually 10x better than bitcoin... so it has to be that level of clarity (in the ballpark of 10x) in terms of how much it is better... otherwise the incumbent is going to continue to build and gravitate value and to grown market share greater than all of the rest, in terms of the
seven network effects outlined by Trace Mayer.
@shield132 Ethereum, Monero or any other shitcoins are all alternative to bitcoin and bitcoin is the king of all the cryptocurrencies in the blockchain. No coin is better than bitcoin. This is the first time I am even hearing
Monero and when I checked the shitcoin, the platform looks good but can't compare to bitcoin. Look at one of the major different I figured out. In Monero community to join it is complicated. There you join chatrooms and that is not professional but bitcoin community for you to join it you have to register which is the normal procedure for all online platforms. If you don't have the knowledge how will you hodle bitcoin because if you don't have the knowledge and hodling, you will not be comfortable with it because you be afraid that you funds will lost so you need knowledge. If you don't have the knowledge of bitcoin and only interested in hodling, then you will be asking people to know the market price always. Those features you are saying might not do any different things in the blockchain. The decentralized feature you mentioned is also found in bitcoin and bitcoin is widely known, Monero in no way should be compare to bitcoin.