In your analogy, "the internet" would be cryptocurrencies. And the internet has seen many early players surpassed. http, MySpace, Geocities, even Yahoo used to be the biggest search engine before Google.
So yes, there is a lot of scope for Bitcoin to become antiquated, and maybe cryptocurrencies as we know it will become antiquated too.
This is why gold persists for thousands of years -- it is analogue. Technology becomes obsolete much more quickly.
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Wrong. The internet is not crypto. the internet is Bitcoin. Cryptos are the various private and proprietary networks that tried to compete with the internet, but we don’t even remember a single one of them now do we? The same fate befalls on the shitcoins.
Bitcoins value is in the network security.
As long as hashrate is high its hard to see something else taking its place.
Watch the hash.
Hashrate follows price and BCH just broke its 8 year down trend vs BTC.
First 4 years down. Last 4 years more or less stable. The next 4 years?
If it rises above 1 to 3% not to speak of 5 to 10% this will become a confidence game.
