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RE: Bitcoin will most likely not make it, why we must stop relating altcoins to Bitcoin...... and why Bitshares will all make us rich!
Thanks for the write up.
That is a heavily debatable topic.
While you might have a point about bitcoin, time will only prove. It is true that the attack upon it is heavy, particularly by China, and who knows who will embark on this too.
I think ETH will be a great option on a longer term. Again time will only tell
Hi mcfarhat, time will indeed prove, but if you read about segwit and how very little it solves and how big a deal was created over it. It tells me Bitcoin will be very unlikely to be used as a mainstream coin.
If you compare all the technology behind steem Eos and BitShares they are all from the same technical minds and are literally lightyears ahead of Bitcoin.
Bitshares will have no issues with any amount of transactions and little known fact is that Bitshares already has the highest transaction amount of all coins.
So in that respect Bitshares is being used more often then Bitcoin.
ETH is a different concept and won't be used as a mainstream reserve currency, but has it's own different use case.
I am just making a case for everyone to go for that currency that has the biggest potential to replace our monetary system and right now BitShares is ticking all those boxes.
So if we are all in it for the money why not focus on a product that has it all?
I find it unbelievable that coins that have nothing to offer have the same buy interest right now as BitShares.
Correct me if I am wrong but even BCH hasn't solved some very big issues in terms of scaling, it will still be limited. Let alone the fact that electrically mining coins will require mining rigs the size of powerplants and is hugely environmental unfriendly also taking away the whole idea od decentralisation. Since only very few will be able to afford these mining parks. Again giving influence to very few.
Yes definitely the energy consumption is being ridiculously high and difficult to scale, particularly for BTC.
My interest in Ether is the capability it is providing for decentralized apps too.
While many crypto currencies have risen / are still rising to take over the monetary system, but i think the long term idea is to essentially co-exist with our current monetary system, and hopefully take the lion's share of it. Which I believe will happen over time despite all the "wars" being waged on crypto nowadays.
I've recently came across a new crypto by the name of JSEcoin, whose essential purpose is to cut down on energy costs too while making mining possible via browsers/client side https://jsecoin.com/platform/?lander=1&utm_source=referral&utm_campaign=aff1060&utm_content= (referral link) Not sure how much this would succeed but it goes along the same concept at bringing efficiency into crypto.
Bitshares definitely sound interesting too, I will have a look at it.
I'll be following your news - you have some good grasp of crypto world so pleasure meeting you!
Thanks again!