picture source: https://cointelegraph.com/news/onecoin-threatens-to-overthrow-bitcoin-as-number-one-cryptocurrency
I have first learned about cryptocurrency in August last year. Since I know Bitcoin is "the" number one coin. There is not even a single currency voming close to is. I know Bitcoin was the first to be, but that does not explain why this is still so?
pros:
- scarcity
- popularity
cons:
- scarcity
- high volatility
- slow transaction speed
- relatively high fees
- no real use case up to now
- whales manipulating the course
- absolutely not private
I mean nearly every other coin has better tech than bitcoin (e.g. Verge, Digibyte etc.). So why is Bitcoin still number one? Please enlighten me, because this makes no sense to me.