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.
(post is archived)