I ask GPT-4 why buidling on Bitcoin instead of other cryptos. Here is the response:

Building on top of Bitcoin instead of other cryptocurrencies has its advantages, although it depends on the specific use case and requirements of your project. Here are some reasons to consider building on Bitcoin:

Network security and decentralization:

Bitcoin has the largest and most secure blockchain network, supported by a vast amount of computing power. This makes it extremely resistant to attacks and provides a strong foundation for building decentralized applications.

Strongest brand recognition:

Bitcoin is the first and most well-known cryptocurrency. It has gained widespread recognition and trust among the public, investors, and institutions. Building on Bitcoin can leverage this established reputation and potentially attract more users and investors.

Proven track record:

Bitcoin has been operating since 2009 and has demonstrated its resilience, even amidst various challenges such as regulatory scrutiny, hard forks, and market fluctuations. By building on Bitcoin, you are relying on a platform with a proven track record of stability and success.

Store of value and digital gold narrative:

Bitcoin is often referred to as "digital gold" because of its scarce supply, decentralization, and resistance to censorship. It has increasingly been adopted as a store of value, which can be beneficial for projects that want to capitalize on this narrative.

Active development community:

Bitcoin has a large and active development community, which continually works on improving its protocol, security, and scalability. By building on Bitcoin, you can benefit from the ongoing research, innovation, and resources provided by this community.

Layer 2 solutions and sidechains:

While Bitcoin's base layer has limited functionality compared to some other blockchains, layer 2 solutions like the Lightning Network and sidechains such as Liquid or RSK provide additional functionality and scalability, enabling more complex applications without compromising the security and decentralization of the base layer.