The only reason that Bitcoin in particular was used is because it is presently the most widespread in acceptance, liquidity and availability. It has that mostly from incumbency and network effect advantages over the alternatives. If Ethereum or Litecoin or Hive gained the network effect lead then those would have been used instead. I don't believe Bitcoin has a long term future in the face of technically superior alternatives, but I don't need to believe it does in order to make use of Bitcoin, make use of crypto, or to use Bitcoin in demonstrating the point that crypto in general has clear value.
You are viewing a single comment's thread from:
Thanks for your thoughtful response. Your points are certainly valid; however, (along with every BTC maximalist) I think your estimation of the future of Bitcoin will be proven wrong by its future history. And I'm very glad that you've found it useful in the present for the personal sake of you and your wife!