Bitcoin specifically? Yes. Bitcoin is extremely overvalued and a massive wealth sink.
Gen 3 and gen 4 coins will be the basis of our economy. They have purpose and clarity and ease of access. They will replace all fiat currency soon.
Bitcoin specifically? Yes. Bitcoin is extremely overvalued and a massive wealth sink.
Gen 3 and gen 4 coins will be the basis of our economy. They have purpose and clarity and ease of access. They will replace all fiat currency soon.
The problem is not much different than "facebook", "reddit", "ebay", etc; it is all about userbase, and trust. Even if some shit coin was vastly superior to BTC you would have to get people to start using the new one.
Personally I don't see this happening unless a fatal flaw is found in bitcoin.
I will also add that decentralization is very important for crypto as well, and many other coins are not fully decentralized.
The problem is not much different than "facebook", "reddit", "ebay", etc; it is all about userbase, and trust. Even if some shit coin was vastly superior to BTC you would have to get people to start using the new one.
Personally I don't see this happening unless a fatal flaw is found in bitcoin.
I will also add that decentralization is very important for crypto as well, and many other coins are not fully decentralized.
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