Altcoins are competition, that's good, I'm not advocating you should buy them.
No, money doesn't need competition. Money thrives the most as a singular, monopolistic participant in the market.
why adopt bitcoin?
Because there is nothing else in the modern era that functions as money, at least since paper gold destroyed real gold.
"
No, money doesn't need competition" BS - people think this guy has insight? we have a Fiat monopoly we need competition, if there is something better than Fiat i want it, I want it to thrive in a free market as proof, if there is something better than Bitcoin I want that too.