Re: Can Bitcoin hold the leadership position for ever because the world changes?
If bitcoin blockchain is attacked and become successful, people will know that, the price of bitcoin will fall abruptly which will reduce the money the attackers will gain provided if is a success attack. ASIC are expensive and has no other good function than mining bitcoin which could be a problem for the hackers because the ASIC price will go down significantly and can become useless. Miners will prefer to remain loyal instead.
Who would be able to attack it in such a way?
For now we don’t know who will but one thing we know is that the computational power needed to pull that off is definitely not a small one and that the amount needed wouldn’t as for the moment be profitable. But it is theoretically possible to pull that off. You read about 51% attack to get a glimpse of that.
Bitcoin is crypto but the difference is that blockchain exists because of bitcoin, the blockchain that is used by other coins and other areas today. This makes bitcoin more popular because other cryptocurrencies are copying it and not unique like bitcoin. The founder is not known, nobody know if Satoshi is a group, a man or woman, a Christian, Muslim, Buddhist etc. It has all the characters that can make it prosper.
Bitcoin might not be the best in everything but the overall scorecard I don’t see anything better than bitcoin or coming to surpass it for now. Bitcoin is decentralized, limited in supply and many more. Yes many will argue that the scalability is an issue but looking at every coin that have actually stressed to be more scalable have actually been facing decentralized problems and there limitless is also a turn away for others