Bitcoin is (currently) pretty much useless as a medium of exchange. It remains of some practical use as a store of value resilient to certain legal risks (e.g. as the answer to the question Eliezer asked in this Facebook post), and in general with a risk profile uncorrelated with other assets. Its strength over other cryptocurrencies for this use case is based primarily on being the most established Schelling point. It’s also possible (though not looking particularly likely) that future software changes will eventually make it useful as a medium of exchange again.
Bitcoin is (currently) pretty much useless as a medium of exchange. It remains of some practical use as a store of value resilient to certain legal risks (e.g. as the answer to the question Eliezer asked in this Facebook post), and in general with a risk profile uncorrelated with other assets. Its strength over other cryptocurrencies for this use case is based primarily on being the most established Schelling point. It’s also possible (though not looking particularly likely) that future software changes will eventually make it useful as a medium of exchange again.