That is a very good question... the technology is a dinosaur, but they have some very talented developers and a lot of money, we will see how they go about solving their transaction problems. There a number of altcoins with better technology, yet they languish behind, why is that?
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Like you said, bitcoin is first mover advantage. BTC may now end up being "THE" crypto but it'll likely always be a player because of it. Ethereum seems to be is first early challenger for the crown, I'm sure there will be others.
Remember - Myspace originally dominated the social media space until facebook ate it's lunch with a better UI and experience, as a loose example.
Yep, and if Bitcoin doesn't adapt and improve it's technology, I imagine someone else will eat it's lunch too. Myspace to Facebook are perfect examples.
Couldn't agree more!
I think the other altcoins are simply suffering from a lack of exposure.
I read an article about bitcoin 3 years ago and continued to monitor prices but didn't do anything until purchasing a little bitcoin and ethereum 2 weeks ago.
Then again, it took me years before I trusted the credit card swiper at the gas pumps.
Haha you and me both!