What makes Bitcoin new from Other coins

[Shishir99]

Yeah, due to it being the first.
That is, it will stay that way, in my opinion - because even if the coin would have something to offer (other than what BTC can do) - it would need to sway everybody for such a cause.
I don't think any coin would repeat the path that BTC did, and it's alright.

Actually, people don't need the alternative as long as the existing one works fine. At first, Bitcoin was seen as a privacy coin. Then it becomes more popular because of its nature. As the scarcity increases, Bitcoin increases in value. It started from nothing to almost a hundred thousand dollars. Can you imagine the growth? People who have been holding since the beginning turned into millionaires and surely there could be some billionaires as well. I don't think any other alternatives will become this famous. A lot of people tried. A couple of Bitcoin Fork was created including Litecoin, Bitcoin Cash, Bitcoin SV, Bitcoin gold, and many more. How many of them become successful? Bitcoin remained the number one.

[fikrett]

Yeah, due to it being the first.
That is, it will stay that way, in my opinion - because even if the coin would have something to offer (other than what BTC can do) - it would need to sway everybody for such a cause.
I don't think any coin would repeat the path that BTC did, and it's alright.

Actually, people don't need the alternative as long as the existing one works fine. At first, Bitcoin was seen as a privacy coin. Then it becomes more popular because of its nature. As the scarcity increases, Bitcoin increases in value. It started from nothing to almost a hundred thousand dollars. Can you imagine the growth? People who have been holding since the beginning turned into millionaires and surely there could be some billionaires as well. I don't think any other alternatives will become this famous. A lot of people tried. A couple of Bitcoin Fork was created including Litecoin, Bitcoin Cash, Bitcoin SV, Bitcoin gold, and many more. How many of them become successful? Bitcoin remained the number one.

Litecoin is at least genuine, as far as I know. And is called "digital silver" 
But, yeah, all of them are not the BTC itself - because it still is the king.

[d5000]

The last thing you'd want to do if you had to wage war against the US military is use absolutely anything electronic. Even if you were able to hide your holdings of value, you would have to spend the money somewhere, and all of those places would be surveilled. The only way--the only way--to fight against a totalitarian regime in the US or anywhere is to vote--and if you can no longer vote, you're basically screwed.

Of course you should vote as long as you can. But between a full democracy and the extreme totalitarian scenario you're painting, which is basically North Korea, there are lots of intermediate states of autocracy. Even in China, known for their quite developed surveillance system, there are at least 20-30 million estimated to hold Bitcoin and most of them are probably unknown to the government. The "US going authoritarian" scenario would be probably similar.

And if the US military were ever actually threatened by a digital currency, they would simply take it over. For Bitcoin, for instance, this would be a trivial matter of ordering three different public companies to do whatever they wanted.

And what's with the 60% of miners not located in the US? In other countries, there would be even less chances for a government to follow that kind of strategy. Even China seemed to have seen no merit in doing something similar in 2021, instead they opted to drive mining out of the country.

And note that the picture I'm painting here, wherein the US goes into all-out way with Bitcoin, would absolutely mean that Bitcoin plunges in value as all institutional investors, all ETFs, all law-abiding investors, all drop their holdings.

Yes, these 4% of the world population think they are the pinnacle of human civilization and the only country that counts, but they will increasingly be less so

Seriously, this conversation is silly: almost all of Bitcoin's present-day market cap is based on their being a civilization in place that supports a lively financial market for speculative investment instruments. If people want to invest in the end of the world, they should stockpile bullets.

I didn't mention an "end of the world" scenario here, the topic I brought up is "increasing authoritarianism". The demand drivers in this case are not only direct threats to be imprisoned or killed and thus a desperate need to hide your money, but also subjective fears that "something bad could happen" when democratic backsliding threatens to intensify. There are several authoritarian countries where Bitcoin is quite popular.

Of course you personally might not have enough confidence in Bitcoin or any cryptocurrency when authoritarianism threatens to increase in your country, and might like to invest in other things, but many people will. I've seen a lot of posts in this vein all over the forum and in other online communities.

[legiteum]

The last thing you'd want to do if you had to wage war against the US military is use absolutely anything electronic. Even if you were able to hide your holdings of value, you would have to spend the money somewhere, and all of those places would be surveilled. The only way--the only way--to fight against a totalitarian regime in the US or anywhere is to vote--and if you can no longer vote, you're basically screwed.

Of course you should vote as long as you can. But between a full democracy and the extreme totalitarian scenario you're painting, which is basically North Korea, there are lots of intermediate states of autocracy. Even in China, known for their quite developed surveillance system, there are at least 20-30 million estimated to hold Bitcoin and most of them are probably unknown to the government. The "US going authoritarian" scenario would be probably similar.

Unknown to the CPC? Very unlikely. Again, where would these people spend this money? China allows their people to hold Bitcoin because it doesn't pose a threat to them or their control over their population.

And if the US military were ever actually threatened by a digital currency, they would simply take it over. For Bitcoin, for instance, this would be a trivial matter of ordering three different public companies to do whatever they wanted.

And what's with the 60% of miners not located in the US?

If I recall, the US currently has >50% of the hashrate. Regardless, if the US passed a law saying that the servers need to be here lest a holder risk prosecution, then holders would have no choice but to comply lest their holdings become worthless.

You don't get to benefit from the US financial system (from which 95% of the market value of Bitcoin is derived) without the US government's permission. If the US waged a war against Bitcoin, the US would win and Bitcoin holders would lose.

And note that the picture I'm painting here, wherein the US goes into all-out way with Bitcoin, would absolutely mean that Bitcoin plunges in value as all institutional investors, all ETFs, all law-abiding investors, all drop their holdings.

Yes, these 4% of the world population think they are the pinnacle of human civilization and the only country that counts, but they will increasingly be less so

Yeah yeah yeah, the USA is terrible, bla bla bla: but y'all sure love our retail investors who drive up the price of Bitcoin into the stratosphere, don't you .

I didn't mention an "end of the world" scenario here, the topic I brought up is "increasing authoritarianism". The demand drivers in this case are not only direct threats to be imprisoned or killed and thus a desperate need to hide your money, but also subjective fears that "something bad could happen" when democratic backsliding threatens to intensify. There are several authoritarian countries where Bitcoin is quite popular.

Of course you personally might not have enough confidence in Bitcoin or any cryptocurrency when authoritarianism threatens to increase in your country, and might like to invest in other things, but many people will. I've seen a lot of posts in this vein all over the forum and in other online communities.

Yes, I don't, and most buyers of Bitcoin today don't: instead they buy it because they think they will be able to sell it for more money in the future.

The "doomsday prepper" market isn't zero, but it's vanishingly small. If that is what Bitcoin is relying upon to maintain it's value in the long run--and not the multi-decatrillion dollar market for consumer investors--then it's not going to have much of a future--and it certainly cannot maintain it's current price levels.

[tread93]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

[Outhue]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

Nothing new with Bitcoin.

It is not the first digital currency, but it is the first successful one.

It is also the most accurate when it comes to decentralisation, it stick to been true decentralized, unlike many others, and this is what attract me to Bitcoin in the first place, it was the reason why I never doubt its surviving in this world.

Now that even the centralised organization want every piece of Bitcoin, I guess its success is just starting now, if a country manages to use BTC for reserve then many countries will follow..

[Ruttoshi]

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

[fuguebtc]

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

In theory, the decentralized nature of bitcoin allows us to become our own banks without having to rely on third parties. Additionally, bitcoin's original goal was to be a peer-to-peer currency but with a finite supply, making it also usable as an inflation hedge . But with what's going on, bitcoin is an investment so it's also subject to manipulation through pump and dumps by whales and sharks, not just altcoins .

But luckily ,  it still gets pumped and dumped but its decentralized nature remains intact so people's faith in it never fades. So, it can be stated that what makes bitcoin different from other altcoins is its decentralized nature .

[Touchmeimsick20666]

Hey if you guys want to make some free bitcoin by joining a super secure wallet I'd suggest coin circle.

https://coincircle.com/l/lvLor-PX1w

[betswift]

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

In theory, the decentralized nature of bitcoin allows us to become our own banks without having to rely on third parties. Additionally, bitcoin's original goal was to be a peer-to-peer currency but with a finite supply, making it also usable as an inflation hedge . But with what's going on, bitcoin is an investment so it's also subject to manipulation through pump and dumps by whales and sharks, not just altcoins .

But luckily ,  it still gets pumped and dumped but its decentralized nature remains intact so people's faith in it never fades. So, it can be stated that what makes bitcoin different from other altcoins is its decentralized nature .

BTC became too big to pump and dump. It's - the - king and the most valued and reputable coin out there.
And it's the reason why it's trusted by nearly everybody in the space.
Probably till the end of crypto at all.
 

[fikrett]

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

Though in the end, both alts and BTC are used for the investment sphere, especially by institutions.
So BTC has noble intentions indeed, at least there are more of them than in other coins, but still - its adoption and overall progress are tied towards bigger entities due to them being the ones that regulate stuff.

[Rockstarguy]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

The value and potentials of bitcoin will always make bitcoin to be different and new from other coins. Every other coins tries to imitate bitcoin but they always end up becoming shitcoins and all these coins are common in potential, because of the potentials they are different from bitcoin.

Bitcoin has good a value for investment and it is very reliable to invest your money in it. Altcoins can't be consider as an investment because they are not certain and very risky investment that there are high chances of losing your money. Bitcoin will always be the talk for the day because of its values, decentralisation, reliability.

[Adams0001]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

The value and potentials of bitcoin will always make bitcoin to be different and new from other coins. Every other coins tries to imitate bitcoin but they always end up becoming shitcoins and all these coins are common in potential, because of the potentials they are different from bitcoin.

Bitcoin has good a value for investment and it is very reliable to invest your money in it. Altcoins can't be consider as an investment because they are not certain and very risky investment that there are high chances of losing your money. Bitcoin will always be the talk for the day because of its values, decentralisation, reliability.

Exactly, Bitcoin has more value than other coins, which distinguishes it from other coins and shicoin. Bitcoin has helped many people, because some who did not think they would be wealthy now, but because of Bitcoin their lives have changed from bad to good, and as Bitcoin's value rises, that is how he will be increasing and no coin can pass Bitcoin, because many coins attempt to overtake Bitcoin but all fail because they cannot because Bitcoin has a larger market cap than others. You will only invest in Bitcoin, so you will not be discouraged from putting your money to it.

If you have read about bitcoin and studied it well, your mind will always tell you that bitcoin is the best coin in the world, and there is no any coin that can compete with it. Anyone who is investing in other coins but does not have bitcoin in their portfolio is simply risking their money, as only bitcoin can reduce your risk in crypto. Any other coins are only for the time being and should not be trusted because the price may fall and you will lose all of your funds.

[AprilioMP]

Bitcoin becomes a coin that makes other coins created. I feel you understand what I mean this so I can say that Bitcoin is not a new one and there is no altcoin that can equate all the advantages possessed by Bitcoin.
Regarding what makes Bitcoin different from other alternative currencies, in this forum discussion like this has been widely opened and if you try to enter keywords in the Google search section, there will be many articles that you can read.

Additionally, Bitcoin affects the price of all other crypto, a sign that most of them came from the btc Blockchain. Which is the main use case of the coin. The tech hasn't failed ever since it was launched, it runs on its own. No board of trustees, no CEO, but it's still successful. Bitcoin does the most work in all the cryptocurrencies, that's why every other coin follows its movement.

I don't generalize, I mean since Bitcoin is popular because the price has reached ATH several times in each cycle, many people have put forward their views on Bitcoin in terms of price so they will complain and will respond negatively quickly when there is news related to Bitcoin.
For Bitcoin owners who see Bitcoin from a larger scope, then they are very grateful to the creator of Bitcoin. Because Bitcoin they can get many benefits that are not available in the fiat financial system.

[justdimin]

Bitcoin has more value than other coins, which distinguishes it from other coins and shicoin. Bitcoin has helped many people, because some who did not think they would be wealthy now, but because of Bitcoin their lives have changed from bad to good, and as Bitcoin's value rises, that is how he will be increasing and no coin can pass Bitcoin, because many coins attempt to overtake Bitcoin but all fail because they cannot because Bitcoin has a larger market cap than others. You will only invest in Bitcoin, so you will not be discouraged from putting your money to it.

If you have read about bitcoin and studied it well, your mind will always tell you that bitcoin is the best coin in the world, and there is no any coin that can compete with it. Anyone who is investing in other coins but does not have bitcoin in their portfolio is simply risking their money, as only bitcoin can reduce your risk in crypto. Any other coins are only for the time being and should not be trusted because the price may fall and you will lose all of your funds.

Honestly, being the first allowed it to be the most trusted as well, and then it never had any issues, never been hacked directly, sure you can be scammed out of your money, but your bitcoin wallet won't get hacked, maybe keylogger and what not if you are not careful with what you are downloading, or phishing if you do not check which website you are going into, but that's it, never directly.

Never been frozen, never had security risks, basically it was first but it was also the best. Look at all the other ones, ETH had issues, SOl had issues, BNB had issues, all of them had issues along the way, bitcoin never did. It might be slow and expensive compared to others, and that's something we should work on, but that allows it to be safer than all the others as well. Look at the mining power, the hashrate that bitcoin has right now, that is providing security to us, think of that as soldiers, and the number is growing every single year, making it even more protected.

[Taskford]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

Nothing new with Bitcoin.

It is not the first digital currency, but it is the first successful one.

It is also the most accurate when it comes to decentralisation, it stick to been true decentralized, unlike many others, and this is what attract me to Bitcoin in the first place, it was the reason why I never doubt its surviving in this world.

Now that even the centralised organization want every piece of Bitcoin, I guess its success is just starting now, if a country manages to use BTC for reserve then many countries will follow..

This coin   eCash, B-money, Bit Gold, and Hashcash before Bitcoin.

Good reference https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/ for people misguided about which cryptocurrency created first so they would not think bitcoin is the first ever one created.

Its just many got fascinate on the idea of bitcoin that's why this became the oldest surviving coin ever exist until today. For sure with the presence of those big institution on Bitcoin I guess we can really see it go more further and hit new highs.

[PX-Z]

. Having no known creator which makes it to look natural unlike the altcoins that has known creators.

— That always brags, some coins getting rug pulled by the owners, or once an owner get a legal problem or any issue, the coin's value is affected, of course this includes those good decision of the owners to pump the coin, Bitcoin doesn't have that setbacks. And that does make it more unique than those alts and tokens.

[finaleshot2016]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Hmm I think it's the first that becomes a successful digital asset and the first cryptocurrency that stands out, and one of the most reliable and trusted these days. It has a fixed supply of 21 million coins, making it scarce like gold.

Unlike most altcoins, Bitcoin is fully decentralized with no company or leader controlling it. Its network is super secure and has never been hacked. People also see it as digital gold, more for storing value and now this is the leading investment that will gave you a lot of opportunities.

[Z-tight]

Utility is what makes BTC different from other coins, there are so many cryptocurrencies in the industry, but many of them have no utility or any real world use, people simply buy them and hope on hype to make money out of it, you are not even expected to store such coins for a long time, if not you'll be left holding a useless coin that may never rise again. BTC has its real world use, and that is what gives it value and places it above other coins.

[tread93]

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

Nothing new with Bitcoin.

It is not the first digital currency, but it is the first successful one.

It is also the most accurate when it comes to decentralisation, it stick to been true decentralized, unlike many others, and this is what attract me to Bitcoin in the first place, it was the reason why I never doubt its surviving in this world.

Now that even the centralised organization want every piece of Bitcoin, I guess its success is just starting now, if a country manages to use BTC for reserve then many countries will follow..

This coin   eCash, B-money, Bit Gold, and Hashcash before Bitcoin.

Good reference https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/ for people misguided about which cryptocurrency created first so they would not think bitcoin is the first ever one created.

Its just many got fascinate on the idea of bitcoin that's why this became the oldest surviving coin ever exist until today. For sure with the presence of those big institution on Bitcoin I guess we can really see it go more further and hit new highs.

Ah yes, but before all those developments certain internet backnones wete just not in place yet to facilitate any of them being rendered successful, there were just two many limitations. No though with the stars aligned it’s a prettty sweet set up and I wish I had more!