This is why I'm a Bitcoin Maximalist.

I’m a Bitcoin maximalist (learned the hard way: Losing a lot messing with altcoins and side projects/startups), and believe the Bitcoin base protocol will eventually absorb all or most other coins, integrating their unique and useful features as second layer apps (like already happened with ‘Lightning Network’ app, making many altcoins obsolete regarding speed and efficiency of transactions). Same will happen with ‘privacy’ coins, ‘smart-contracts’ platforms, ‘DeFi’ projects, ICO’s startups, IOT protocols, etc.

Just like the Internet protocol (TCP/IP) did with all other competing protocols in the 90’s. Some of them were ‘better’ than TCP/IP in many ways and were promising protocols, but by then TCP/IP had cemented its predominance, and that is based on this: The network effect. There are many examples of the same situation at the beginnings of many other (later) widespread adopted technologies and products that were better in some ways but lacked that networking power.

submitted by /u/s3k2p7s9m8b5
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