Yes, firs mover advantage gave Bitcoin its current massive network effect unbeatable by any other coin.
There will always be other coins. Yes. For sure.
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Yes, firs mover advantage gave Bitcoin its current massive network effect unbeatable by any other coin.
There will always be other coins. Yes. For sure.
As discussed its first mover advantage. Most people outside of the world of crypto have heard of nothing but Bitcoin. They are unaware of the 900+ alt coins out there. Granted most are just clones of bitcoin anyway, but the point is, if we really want crypto to reach mass adoption we need to stop forking (or creating alt coins) every time we see a slight advantage. If I created a rival to Visa with fractionally lower fees, or slightly faster transactions, no one would care. Its all about the network effect and the name.
If you want crypto to succeed, back bitcoin. Improvements can come later.
Damn right ma'am! Upvoted your comment!