That was my first thought, however since bitcoin is one of now thousands cryptos and services could just hop to better return on investment value (...).
All the others are irrelevant, in the end there can only be one.
And Bitcoin is it.
Sorry, all you altcoin supporters, but it's true. None of the others matter one lick, and in the not-too-distant future, none of the current altcoins will even exist, as far as the world is concerned.
I don't see why there should be only one, competition is good even for the leading competitor.
"So for the benefit of all the derps derping about cryptocurrencies : there is no such thing. Theres Bitcoin and thats it, because there can only be one. All the rest of the crap exists only inasmuch as a) it stays theoretical or b) it stays small enough nobody cares. Where a) and b) are only distinct in the derp point of view, otherwise theyre the same thing. But good luck with all the
community-of-retards driven, super-duper-innovative, ultra-mega-creative, asic-resistant, future-of-revolution-and-everything altcoins."
-Mircea Popescu
http://trilema.com/2014/the-woes-of-altcoin-or-why-there-is-no-such-thing-as-cryptocurrencies/This man, Mircea Popescu, is ostensibly more intelligent than me. Which means, dear reader, he is ipso facto almost certainly
far more intelligent than you. You should therefore heed his wisdom with great care.
Tickling my ego there, but the argument from authority is not valid. Why there should be only one ?
Or to put it more mathematically : does a path of action moves exist that would destroy bitcoin.
My non intelligent answer is yes. Bitcoin protocol is the law but its power rests on the people using it and people can take wrong actions.
If there is no such path that would destroy bitcoin why is so many people here worried about it ? Why even the inventor was worried about it ?
There
CAN BE ONLY ONE. Is this some kind of Highlander fantasy ?