First of all , I want to say I'm sorry because my English isn't that good . (I'm from Algeria)
Now , we see a lot of crypto currencies out there , some of them are fake , others are legit.
Even with an altcoin getting known (like Ethereum) for example , It always stays behind Bitcoin , no matter how much the price of that altcoin is or would be.
I consider Bitcoin as the original thing and the other crypto currencies as some cheap coins , however ... that doesn't change the fact that some Altcoins are better than Bitcoin (when It comes to the features etc...)
While there are some altcoins rising like Ripple , Ethereum ... I don't understand how since I never see them accepted at shops or have services dedicated to them . (like we have OpenBazaar , Purse.io , Steam who know accept Bitcoin etc... ) While we have altcoins like Dogecoin and Litecoin who are known for ever and accepted in different websites and forums ... but their price doesn't show that .
Still , that doesn't change my main question , why Altcoins never beat Bitcoin even if they are better developped ?
It is because alts arn't used as much as bitcoin. If we ever get to a position where alt transactions exceed bitcoin transactions, that would be a game changer.
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Unless some coin has a superior onboarding...
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Even if an altcoin has better features, Bitcoin still has the most secure Blockchain, has the most liquidity, and has the biggest network effect. A currency is only as good as the people who use it and being able to exchange it for goods and services or even other currencies/assets is an important aspect of any good money.
Think of it like a social media network. Facebook is a dominant social media company and anyone could make a new and better social network, but any new network is basically useless if there aren't any people to use it, regardless of how good the features are.
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Simple answer is, altcoins are not 'better' than Bitcoin. It depends on how you compare the cryptocurrencies. For example there does not exist any altcoin which has a more secure Blockchain than Bitcoin. The Bitcoin blockchain is the blockchain with the highest hashrate and difficulty which means the best security for transactions.
Most altcoins have a different goal and therefore other features in mind than Bitcoin has.
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The exact same reason that one technology like Blu-Ray DVD beats its' competition. (HD-DVD in that case.)
https://en.wikipedia.org/wiki/Network_effect
Network effects are ALL powerful when talking about protocols.
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I upvoted you.
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