Why do you feel that bitcoin outshines other coins as a store of value?
From my experience with Bitcoin:
- Volatile
- High transaction fees
- Slow transactions
All of these factors make for a bad currency. While the transaction fees and speed should be alleviated with the lightning network, that still leaves volatility. Arguably, all cryptos suffer from that one, so lets ignore it for now.
Mostly I feel Bitcoin's actual value comes from:
- Name recognition
- Historical value
- Easy to purchase for fiat
- Easiest coin to swap for other cryptos
What scares me about the points above is that I can't find anything related to the underlying technology that gives Bitcoin its value. Everything that makes it a valuable currency is related to the fact that it was one of the earliest coins to hit the market, and it's one of the most widely accepted cryptocurrencies.
With emerging coins having faster transaction speeds, better utility, and lower fees, I don't see how Bitcoin is going to compete longterm, even with the lightning network.
Thoughts?