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RE: Does The Market Even Care If Your Crypto Can Scale? Well, Yes...Eventually.
I think Bitcoin will be always the king because the level of decentralization and security can never be reached by another coin, so wealth will always be stored in BTC. A combination of atomic swaps, Lightning network and other new innovation will solve the scaling issues for BTC and since BTC has the strongest fundament it will take back market shares from alts. ETH is a different story in my opinion and EOS can idd take over the leading position, because ETH has no properties that can not be implemented in another coin. Bitcoin cash rises are mostly pumps where weak moments for BTC get used, so I expect it only to do well for the short term.
"because the level of decentralization and security can never be reached by another coin"
Everything here is provably false. If you think Lightning Network "decentralizes" anything (lol), you have no idea what it even is.
"ETH has no properties that can not be implemented in another coin"
OK, so it's exactly like Bitcoin, then?
"Bitcoin cash rises are mostly pumps where weak moments for BTC get used"
Do you work for Blockstream on the side?
https://coinmarketcap.com/charts/#dominance-percentage ... at the 19th of December, for the second time in history, the market cap of btc fell to below 50%, and it continues falling.
I have problems understanding this "store of wealth"-usecase ... one would want to find some more stable asset for such a usecase, I believe the only usecase left for BTC is speculation. I call that the "tulip usecase".
"I believe the only usecase left for BTC is speculation. I call that the "tulip usecase"."
Heh, well-played.
In normal markets, your points would be salient. However, in this crazy, Wild West, California Gold Rush market, BTC might be "stable" enough (as in, it hasn't gone to 0 in 8 years) to be the "store of value" - at least for now. It's ultimate nature as highly deflationary certainly helps here, as does its lack of other real uses given the fees and transaction times.
BTC accidentally backed into the role of US$ (global reserve) for it's particular market...
Bitcoin is not decentralized. There are plenty of coins which are more decentralized, and some can even prevent centralization (which otherwise always happen in most coins).
Thank you. At least someone out there is paying attention. The poster you replied to is either highly ignorant, or a shill.
Either way, he is to be ignored.