Sidechains vs Altcoins: What’s better?

So, if we can bring a lot of what altcoins offer into Bitcoin through sidechains, what's the point of having altcoins at all? I mean, with sidechains, Bitcoin can pretty much do everything that altcoins can. Plus, this setup wouldn’t mess with Bitcoin’s decentralization since sidechains work independently. They’d be like altcoins but wouldn't need their own tokens, kind of like how Base functions as an Ethereum L2 now. What do you all think? Do you prefer regular altcoins or sidechains? Would love to hear your thoughts. Thanks!

Blockchain have always had 3 core issues that is often called the blockchain trilemma. The issue isn't for Bitcoin to start doing all of those things. The issue is how well those operations can be carried out on bitcoin. Looking at the current state pf bitcoin, it just won't work. We already know about how those nfts slowed Bitcoin and bloated the network with absolute garbage. We don't need such because Bitcoin wasn't made to be general purpose machine. It was made to do one thing and to do it well.

I'd still go to the ordinary altcoin over the side chain. I meant we have so many BTC side chain exist, but you know the main problem is they're lacking of utility. It's very different with an ordinary coin that based on EVM that can easily connected to the all of dapps or Web3 apps. This is also my reason i almot rarely used Bitcoin side chain. Lack of utility, very low liquidity, fewer users. It's totally different with ordinary EVM based altcoin, whih can easily connected to the all of other EVM blockchains. It's also easy to do anything since there are huge liquidity, massive users, and so many dapps.

Investors buy Altcoins for many reasons, some of which may not be related to the technology or features they offer, but rather to achieve short-term profit. This is something that does not happen with sidechains, so Altcoins will be available as an investment option even if all the features of Altcoins are available in sidechains.

With altcoins its provably not all about the tech. Majority of people don't look at the sidechain, but rather on the altcoin what they are trading. Since those short term opportunities is much attractive to most of people trade those alts. Also altcoins became more attractive to look at due to its speculative nature, many people want to chase quick profits that's why many talk about on what alts to buy rather than trying to learn those good change exist on crypto space.

What most altcoins are trying to solve is the limitations of bitcoin L1 in the first place. Not everything can be solved via L2, which is the reasoning behind most altcoins (well that and getting total control over the development and getting rich by being an early investor. If i remember correctly, reason why Vitalik started Ethereum was because his development ideas for bitcoin were turned down, so he rather experimented on his own. And basically you can apply same question to why other altcoins are needed when Ethereum exists.

Seeing what Bitcoin is now, I don't think any altcoins can stand in the same path with Bitcoin since most of these altcoins are centralized which can be controlled by the team or the government. Bitcoin is decentralized and that is a huge advantage investors are getting from investing their funds in Bitcoin.

I'm not sure if bade will continue like that in the long run without a token. As far as I know, the team are trying to have a token to the chain. By the way, how many sidechains on Ethereum are that successful like base. For that to happen, we need to look at the funding and the people behind it, people that has believe in real Bitcoin will not support any side chain, even the lightening network doesn't have much attraction like the way people expected. Success of a project depend on what people want to do with that project, most of the projects I have encountered in here are nothing but disappointment. If we look at what the altcoin market has been doing for long time, even if it's a charity project that is non profitable, I'm sure they are not going to be successful because Bitcoin is the only project that is decentralized. It's gives more security than what some of this projects will serve Bitcoin on the long run.

What I can say about ETH L2 network is that it made the handling of bulk of transactions in ether a lot more cheaper but didn't make significant performance to the price behaviour of Ethereum if you understand what I mean. That's what makes me think that even a side chain for altcoins with features into bitcoin it wouldn't change the nature of the altcoins market.  It would just be another milestone of cryptocurrency development reached at.

I don't get why sidechains often lack utility, since most of them serve the exact same purpose as ordinary altcoins. The only difference is that altcoins have their own, independent blockchain network, while sidechains do not. They rely on existing blockchain networks (often referred to as the "parent chain") to survive. I guess investors prefer altcoins because of their growth potential. Growth in terms of market prices. Because independent crypto assets give developers and traders more "room" to experiment with them. The Lightning Network's failure, tells us how very unpopular L2 networks or sidechains are. Bitcoin is better off on its own. Even ETH doesn't need L2s. It can do fine as an independent altcoin. The only thing that can "save" sidechains or L2s, is the scaling limitations of the main chain. As in, the parent chain reaching a peak of transaction volume. That would redirect users to sidechains. Who knows what will happen in the future?

I don't see any advantage of having altcoins in sidechains rather than as they are now. Such arrangememt will not be far from what we say in Ordinals and we saw the problem it created for the Bitcoin network. Instead of such disaster to happen, which will even be compounded in this cases, I prefer altcoins are left as they are and Bitcoin network not congested like it happened in the past.

Some community want to create their own altcoin, starting from scratch, creating their own governance system and how their blockchain work such as introducing proof of stake, etc and ultimately they want to create their own native coin, this could be economically motivated to replicate bitcoin's feat because they thought they could get massive benefit from it.

Ordinals is an on-chain protocol. Not a sidechain. That's why it became a huge problem for the Bitcoin network. But sidechains? They act as separate chains, backed by the security of the parent chain. Like Liquid, which is a federated sidechain on the Bitcoin protocol. Altcoins are often more flexible than sidechains because they have their own, independent ecosystem. Most sidechains do not have their own token, but rather rely on the parent chain's native token. The BASE network built on top of Ethereum, is a good example of this. I guess we'll never see the day when sidechains on BTC will replace alts. At least, the competition is healthy. What more would we want?