The Best “alt-coin” analogy I’ve seen yet is Esperanto.
https://en.wikipedia.org/wiki/Esperanto
—Esperanto was an international language invented at the turn of the century to cut down on the labor of learning foreign tongues.
The First mover advantage isn’t more evident than it is here.
No one gives a shit when they have something that works well enough.
Maybe one of these alt coins is “better” than Bitcoin. It doesn’t matter. We have Bitcoin and it works.
Layer 2 can (and will) solve BTC privacy concerns.
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