here's the thing about btc and competing/new/other cryptocurrencies-
btc is open-source, it welcomes a better solution. have at it. anyone can take the original, check it out, see how its done and make it better, make it more secure, make the creation rate better, if it is better, or cooler or faster or whatever the community thinks, then the competition would take over and btc would take a back seat, current btc holders would lose their risky investments.
but the fact is, btc is where it is today and able to support its own continually gaining traction because of its algorithm. maybe it is fancy enough to survive.
