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?
Previous attempts were centralized, making them easy targets, but Bitcoin is the first attempt of decentralized money:
"A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990?s. I hope its obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time were trying a decentralized, non-trust-based system.
And later attempts are not as large as Bitcoin.
The key thing here is that Bitcoin is now very resilient. It was almost a miracle that Bitcoin actually was able to exist. It was very fragile in the first few years, but now it has the power of so many miners, that it's practically impossible to attack it successfully.
Any other altcoin will basically have to start from zero, and they would be too fragile to exist in this environment, whereas Bitcoin will continue generating blocks every roughly 10 minutes on average.