Quote from: GbitG on March 31, 2025, 09:44:06 PM

Hmmm well, here pop in my mind that what makes Bitcoin different than all other cryptocurrencies?. its truly decentralized nature. Altcoins are barely completely decentralized, even if their developers say. Let's us supposed an example of ETH it used to have a PoW consensus mechanism before, which made people think that it was decentralized, but then they changed it to PoS, and that makes it clear that it is not Even Bitcoin had forks, so many of them, but the original chain is still there, and that is the main reason why it's considered to be so secure and safe because even if forks are done, it doesn't change the total supply or make any changes in the main chain.

So if people understand this well than for sure they will stop comparing Bitcoin with altcoins. Even if some altcoins provide better functionalities such as faster transactions, lower fees, and bigger blocksize, they still can't compete with Bitcoin because they are not as secure as Bitcoin since they are not truly decentralized.

Of course. But most people don't understand this. They believe everything's decentralized, when in fact, it's not. Altcoin developers usually use the term "decentralization" to help attract investors into their projects. But at the end of the day, altcoins are no different than centralized Fiat currencies. At least most of them. We can see how so-called DEXs (decentralized exchanges) and "De-Fi" (decentralized finance) platforms are often hosted on centralized servers with publicly-known developers/founders. They become easy targets for the government.

Truly-decentralized crypto projects like Bitcoin are a rarity these days. If this keeps up, BTC will remain the only decentralized cryptocurrency in the world. It's not about convenience (low fees, fast confirmation times, etc), but rather security, reliability, decentralization, and censorship-resistance. Wasn't the whole purpose of crypto to beat banks by bringing "banking to the unbanked"? This means no middlemen of any kind in the system. It's why altcoins will never beat the "King". And I hope it stays that way forever. Cheesy