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RE: An Auspicious Day- The Age of Altcoins
Hey dude, well written piece. I'm invested in NEO as well. Although Bitcoin is already a spendable currency - people in Europe are walking into Hungry Jacks (and many other stores) and paying with it through TenX (PAY) cards, which soon will accommodate Ethereum and all ERC20 tokens.. https://www.reddit.com/r/TenX/
True, but but the opportunity cost that comes with spending something like Bitcoin on a burger, or a pizza for that matter can be astronomical, whereas some ERC20 tokens can have valuation stops and separate clauses put in place to make them stable enough to spend. A good case study is that of the slowing economy of Japan, where due to the continually increasing value of their currency over the past 30 years people have stopped spending on high cost items leading to the issuance of negative interest rates, whereby you are charged for holding money in a bank in order to encourage spending. Why can't we shop with a specifically designed token? TenX is a good example, but Monaco perhaps ?
Yes, Monaco seems to be flying. I also like Metal in this category. Hopefully we see a smooth cross-currency assimilation soon. Keep up the good posting!