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RE: A Small Step for Bitcoin, A Big Step for Cryptocurrency
I agree with you. It is actually surprising that bitcoin is still the number one currency. I've been involved with the cryptocurrency world since late 2013 and early on I realized that Bitcoin is not the actual future, but all the other tech that came after.
Bitcoin is the "pull in tech" and the other currencies are what actually matter in the long run. Bitcoin is important, given that it was the first to popularize cryptocurrencies, but it won't be the one "to rule them all" :)
It might be that bitcoin will hold on for a long time still, but eventually we will see a decline when another currency rises enough. And I'm not betting on Ethereum either as many other are.
@wealthy-easily
Wow since 2013, love interacting with people who have been in the game so long.
What do you think are the limitations on Ethereum, what are you betting on instead? I share a similar view and have invested in NEO, EOS and a couple others trying to do something similar to ETH.
The limitations with Ethereum are that it does what others blockchains do nowadays. It doesn't offer anything unique anymore and I don't know if there are any development goals, other than minor updates. To be honest, haven't looked into it that much, but from what I gather it just doesn't seem like it should be the number one. I'm not saying it didn't bring anything new to the table back in the day it was introduced, but now it is kind of the same as bitcoin. As far as I see it.
I put my bets on Digibyte already back in 2014. Been holding since then and now my holdings are worth thousands. The reason was that I honestly didn't know what was going to be the next big thing but the development team seemed to be the most trustable I could find at the time, also passionate about developing the tech and not just making something and leaving it at that. They also helped Dogecoin when they were in trouble and offered to help others. Not saying Digibyte will be the next bitcoin, but it is undervalued for sure.
I'm not really into ICOs as they go against my investment strategies.
I found a great read regarding the planned developments for Ethereum including N* of developers working on which developments:
https://medium.com/@FEhrsam/scaling-ethereum-to-billions-of-users-f37d9f487db1
I do my best not to get too caught up on any one coin since the space is evolving so damn rapidly and the next Ethereum could always be just around the corner.
I want to broaden my horizon as well, therefore I started here on steemit. I see writing here as an investment for the future. And since I enjoy blogging, why not make a few bucks on the side, without annoying people with ads. However, in 2014 everything seemed like a mess. So I invested in people, not currencies. (Digibyte devs)
Btw, it isn't that I don't think that Ethereum can scale, I just don't think that the tech behind it is anything special anymore.
Considering how fast so cyrpto projects are moving right now, nothing created is going to stay popular for long I reckon. Even if someone comes up with a great idea to do something (e.g. ETH with ICOs), someone else can come up with a better/faster/more secure way of doing the same thing.