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RE: This Could Be Bitcoin's "Netscape Moment"

in #bitcoin • 7 years ago

I agree that BTC is the "known" crypto at the moment but I disagree with your comment that the alts have no real application. When you have things like the EEA in action, you know there is serious money behind ETH's application(s). The ICO'ed companies of recent, there we have agreement about real application.

7 years ago in #bitcoin by
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     7 years ago 

    I agree ethereum has real application as does steem but the vast majority of Alts do not. There are around 900 Alts at present and most are just clones with a few variables adjusted. Ultimately they need real world applications otherwise they will remain vehicles of speculation and effectively betting tokens.

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     7 years ago 

    Totally agree with this. Its similar to IPO companies in the equity market. 10% will survive long term (maybe less). The 900 will grow but the top 10 are relevant as those are the Blue Chips.

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