Human insatiability is alarming and thrilling nevertheless, our quest for greener and greater prospect has catapult the world and human race into a revolution of great technological progress but then can human ever get enough? I doubt so.
For whatever the crypto-world is today we have it all to the brain behind bitcoin, although different idealists might have renovated and expanded the bitcoin dream the pioneering block still deserves it credit and statue. Bitcoin and blockchain is a statue of liberty and freedom given to then world by the 21century greatest idealist Nakamoto Satoshi (I will give my first son this name lol).
Bitcoin might be facing some scalability problems right now but it's still the most valued coin there is now,
i. Development team
Satoshi left bitcoin sometimes in 2010 and bitcoin has been left to different individuals of different inclinations to determine it existence, 7years later bitcoin has grown from penny to hundreds of dollars.
Bitcoin has the biggest development team spread across the world, if Vitalik Buterin should leave Ethereum today Ethereum might not sustain it present position likewise other coins. Bitcoin present UASF and Segwit2x dilemma shows bitcoin is the real and decentralized cryptocurrency unlike some coins which dev team decide what to do overnight.
ii. Market depth
Bitcoin is the most gateway to all other altcoins on all exchanges, it has a fascinating market depth and worthy or defined market cap which has great influence on the crypt market currently. As we have seen lately, all altcoins go in a dip in bitcoin volatility. In all society, when a king is sick, the community is sick.
iii. Mainstream acceptance
The other day I was trying to search for Biggie (the late America rapper) on typing bi I saw some bitcoin google suggestions beneath the bi I already typed. With economy uncertainty in India, Venezuela, Nigeria, the falling dollars, failing fiat across the world and tight monetary policies in China in 2016, bitcoin gained great momentum and mainstream acceptance last year to this date across the world which spiked the it price that inturn influenced the price of all altcoins.
Generally, bitcoin and the crypto-land is still in it infancy with great future ahead. Bitcoin is the new gold, while investing in newer altcoins might earn you quick profits I will love you to recognized and respect the proven and pioneer of financial freedom whom is BITCOIN first son and king of the blockchain kingdom.
Am Ofana Augustine a computer science graduate from Nigeria, a bitcoin fanatic. I also hold some Steem, siacoin, status, ether, pivx, antshares, iota and ripple.
Wishing you guys great day ahead, it's 8:46am over here.