Let me try and answer my own question.
First of all, it's not going to be easy and the possibility in itself is very bleak. Bitcoin is kind of used as an alternative name for Crypto currency. As a terminology, bitcoin is more famous and popular than bitcoin. Bitcoin is like the Gucci and Prada and other coins are like Adidas and Nike, some are even less like Bata.
So the question is - Can Adidas and Nike ever take the place of Gucci? I think we all know the answer.
But can Adidas compete with Gucci? Yes, why not, for sure.
Let's talk about that.
Winning this battle required 2 things primarily:
- Holding on to your strengths and working upon them to come out with something that's a lot lucrative and innovative, like Splinterlands you see. It has kind of become the Bitcoin of crypto games, everyone knows about it. So the coin needs to play its strong areas.
- Because it's not only about taking the throne, it's about snatching it so we need a proper defense mechanism. Not only the coin has to work on it's strengths but also attack Bitcoin on it's weaknesses to become the king. For any altcoin to come in competition with Bitcoin, it has to come up with underlying logics and algorithms better than bitcoin, like Etherium already did. And Etherium did it really well we all know that.
I would still take my initial stand, it is going to be extremely difficult but nothing is impossible.
But ethereum is not yet at bitcoin level.
Even though ethereum is trying but bitcoin is still it father.
I thought I'm still have a very long way to go before it's reach bitcoin level.
It's all an experiment and as far as I can tell bitcoin was the first. After decades things might look different. Bitcoin could be looked at as an antique like an old Ferrari or a Harley Davidson. They are gas guzzlers but they are classic and hold their value.
For an altcoin to take bitcoin's throne they need to win the name brand spot while providing overwhelming services and prove themselves to be just as decentralized as bitcoin or more.