This idea isn't by me but I will share it here because i think it makes sense and others should equally know about it. Bitcoin is the first successful Internet currency [cryptocurrency] that's decentralized. It's success is a massive one but people don't believe it's enough just like that. Here's their argument... If Bitcoins is really taking away power from the government and central government and central banks, it cannot hold all of that power on its own for economic and technical reasons. 1. Economic reason It's just not entirely decentralized if it's the only one. Yes, it's externally decentralized, but in the crypto world, it's gonna be really only player so IT IS NOT STILL DECENTRALIZED. IT DOESN'T HAVE ANY COMPETITORS. 2. Technical development A lot of other Crypto coming out these days are trying to fix a lot of flaws by bitcoin and improve on a lot of other things. This one is very true. There are are lot of things that can be done with blockchain and money on the Internet beyond what Bitcoin has done and what it is capable of doing. Mark the phrase... Which it is not capable of doing! Hence, it needs other cryptocurrencies to solve those problems of its. Now, as regards these arguments, I don't think there are any rights and wrongs. You can be right and wrong at the same time but I chose to think they are right and they make some sense because I wanna be open minded when it comes to using Bitcoins. What's your own view about this? is Bitcoin the only cryptocurrency we need? Or do we NEED altcoins? don't forget to check out this thread where I discuss altcoins that am interested in and will be investing in very soon. Here = Am Investing In Altcoins Very Soon And So Should You Buddy! Follow Updates Here Thanks and I wanna hear from you friends... @Tess @cyborg07 @Chime @Kenny @gbolahan @emmydav please come check this out!