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RE: Bitcoin is very expensive and inefficient currency
LiteCoin adding Segregated Witness (SegWit) makes it more appealing for daily use than Bitcoin. That would make Bitcoin a safe haven asset, rather than a day-to-day use for transactions by comparison.
Litecoin has the same problems as Bitcoin because they are essentially the same technology. I'm not sure how great solution segwit is because it just adds another centralized layer on top of a blockchain. Satoshi's original intention was to create a peer-to-peer currency and segwit is clearly not P2P.
Safe haven assumption is also quite weak. Why would people put their money in a system that is very expensive and hard to use? A blockchain that can handle daily transactions for normal people will become the safe haven because it has so much more demand.
EOS is the first blockchain that could be a real alternative that can actually serve the whole world as a currency.