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Why do they all choose BitCoin? Its arguably the worst cryptocurrency by all means but the price. It has ridiculously high transaction costs in money, time and
by qwerty456127 5y ago
Why do they all choose BitCoin? Its arguably the worst cryptocurrency by all means but the price. It has ridiculously high transaction costs in money, time and energy, easily becoming nearly unusable this way. Doesn't it?
- Quarrelsome 5y agomindshare.
- TekMol 5y ago- Highest Market Cap (Large buys do not impact price much) - Highest chance to still be around in 50 years - Hardest to manipulate (50% attack is extremely expensive) - Proven technology (Ethereum gets overhowl with ETH 2) - Great track record of trustworthyness (No DAO fork) - Defined inflation (Ethereum changes inflation often) - Popular second layer tech (Lightning Network)
- johanneskanybal 5y agoWithout trust and network effect value doesn't exist and most of what you see as problems is a direct result of its success and popularity. With these new more relevant metrics of success in mind it becomes simple to see why it's undisputed for now. There's 1-2 competitors maybe but none with a track record of standing a chance over the long haul.