Why is the idea of creating an altcoin or a different mainnet failing? Simply put...
The idea of Bitcoin wasn't new. There were previous ideas for cryptocurrencies like ecash or similar, and the reason they failed or didn't work at all was their centralized structure. Therefore, Bitcoin's success seems to be fundamentally based on its decentralization. For this reason, making the network more centralized in the name of scalability and functionality is an existential threat to a cryptocurrency. However, creating more centralized second layers without interfering with the mainnet is more logical to solve scalability and functionality issues, and ultimately, we see that it is more successful today. Furthermore, the idea of creating a new mainnet inherently leads to an endless cycle, causing another one to be created, and then another... This essentially moves away from the goal of a "single network with limited supply" creating many networks with unlimited supply, like other fiat currencies.
The idea of Bitcoin wasn't new. There were previous ideas for cryptocurrencies like ecash or similar, and the reason they failed or didn't work at all was their centralized structure. Therefore, Bitcoin's success seems to be fundamentally based on its decentralization. For this reason, making the network more centralized in the name of scalability and functionality is an existential threat to a cryptocurrency. However, creating more centralized second layers without interfering with the mainnet is more logical to solve scalability and functionality issues, and ultimately, we see that it is more successful today. Furthermore, the idea of creating a new mainnet inherently leads to an endless cycle, causing another one to be created, and then another... This essentially moves away from the goal of a "single network with limited supply" creating many networks with unlimited supply, like other fiat currencies.
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