> Crypto does have utility, but there's only room for one: bitcoin. That it doesn’t have any known/recognizable founder has helped it quite a bit. Compare that

> Crypto does have utility, but there's only room for one: bitcoin. That it doesn’t have any known/recognizable founder has helped it quite a bit. Compare that to other coins with founders who have compromised on things (in some or many people’s views) and it makes the case stronger. Plus the fact that it didn’t have an ICO-like event — where the people launching it and their friends get a big stake for close to nothing — has also helped reinforce the idea that it’s less scammy. > Everything else is just a me-too derivative that can add nothing except the possibility of central control (like the "digital dollar"). I’m not sure where you’re getting this from if you’re comparing all other cryptocurrencies. Would Monero and similar currencies be a “me too” derivative too? If yes, why? Monero is quite steady, AFAIK, in its valuation in fiat currency terms.