Bitcoin Dominance Index Approaches 90% as Ethereum and Steem Decline

Inflation is only a big concern if one is like the many people who seem to have flooded /r/btc recently hoping to get rich quick. I think it's true to state that many of the people around here measure the success of bitcoin solely by its price.

Myself, I measure the success of a cryptocurrency by how much one can actually use it. Right now, BTC is not usable for any other purpose than speculation. Even though we make our entire salaries in BTC, we sell them all and then use credit cards to purchase things at stores that accept BTC, because the fees of sending one transaction to each store would reduce our income by several percent! We even have development scheduled to switch our transfers to Coinbase to ETH so that we can save money.

While investors seem to have latched onto BTC for now, as with every other bubble eventually this one will crash, and people will reevaluate which technologies are actually being used. When that happens, they will find that ETH is a usable network that functions far better than bitcoin for paying people. I think that, in the end, BTC will become an expensive asset mostly used for speculation like gold, while ETH is more likely to become the world currency because the average user doesn't care about inflation, but does care about reliability.

In the end, BTC will probably be more expensive than ETH, but ETH will be the successful currency. I think this is already happening. I have some money saved in bitcoins, but we are investing development to perform actual day-to-day commerce in ETH.