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To 99% of the population, Bitcoin is the only crypto currency. They don't care about the other 500 alts, they don't understand them. If/when it goes mainstream,
by danielharrison 9y ago
To 99% of the population, Bitcoin is the only crypto currency. They don't care about the other 500 alts, they don't understand them. If/when it goes mainstream, BTC will be the USD of crypto.
No matter what happens, a win for any crypto alt is a win for Bitcoin.
- subru 9y agoNo, another cryptocurrency (the word crypto is already used to mean something else) can gain steam while the price of BTC goes sideways or down, and eventually win. Just saying the statement "no matter what happens" is false.
- valuearb 9y agoCan is not the same as Will. 500M people could download the Lyft app tomorrow and stop using Uber, but they won't. I can't predict the future for BTC, no one can, but I'm skeptical of it being supplanted. It's got a huge lead in public awareness, and the public doesn't understand crypto currencies and isn't looking for new ones.