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RE: 7 Creepy Reasons Why Alt Coins are Dead: Number 10 Will Shock You
You still got it! Lol. That title... hahaha... perfect!
I keep wondering why BTC is still the leader of the pact... Does that blockchain have any use at all, aside from the currency? (And sóóóóó slow. Earlier today, it took 40 minutes for a payment to get through, sigh)
P.S.: small tip (if you'd allow me?): only the 1st 5 tags are picked up by SteemIt and Busy. it might not be a bad idea to use those to categorize, and use the last 5 for tribe tags. Just sayin' ... ;0)
Ah yes.
Speed isn't everything.
That a key thing in marketing many altcoiners are getting wrong.
For one: Bitcoin has long ceded the fact it will be fast(for now)
Even early one did Hal Finey once say that mainnet won't be able to scale and offchain records were needed.
And till then it was a waiting game. LN which came at the start of 2018 did Bitcoin finally catch up to others. LN itself still is not that great, still super beta. Breez wallet is the only really usable LN wallet for newbies which is noncustodial-a long way to go. As such the push for payments is not as strong which many maxi/bitociners to emphizie on a key feature that gives Bitcoin value-memes and Sov.
SoV is a meme of belief and history. Gold as a SoV is a meme of thousands of years.
A thing to note is that SoV doesn't need to be fast just secured and history/meme.
IE look at gold.
SoV gives a currency alot of value and in fact leads many to say much of Bitcoin value is SoV. With the economics in dispear as of right now-safe havens are needed and Bitcoin probably is one of them.
Also do note if you want to see btc has more use look at RSK and tradelayer/rainbow Network :P
lot of cool stuff you could do on Bitcoin.
Thanks for the valuable input, Ill look at those two. Also, I trust you agree with me with altcoins not dying?
I mean, it seems only logical, trusting humans to be humans and like different tokens.
Many altcoins are dying just the good ones are just not appreciating as much to show up for it.
Altcoins will never die-it easy money after all as well :P
I suspect a few others are just hedges again Bitcoin ie Decred.
For exp Silver is a more hedge against Gold but Gold is still number 1.
I view Cryptos more like nation states. There no such thing as Bitcoin friendly as there is Bitcoin allied and neutral parties and antagonistic.
For exp:
Litecoin,Monero and Decred are Bitcoin "allied" coins as of right now.
Steem and Eos are more neutral parties.
BCH and Dash are more so antagonistic(to Bitcoin).
And so on ie...
It's the first and it was the one that rose to 20K... nothing can take that away from it.
People perceive Bitcoin with a degree of confidence they don't perceive the others, much because of the shitcoins and ICOs constantly launched, as well as the marketing scams using cryptos as excuses for huge ponzi schemes.
The truth is, BTC will probably be the top dog for years to come, and I can even see a future where it will be ultra expensive because of its collection value - for its historical meaning.
Recently, someone referred to it as 'the granddaddy of all crypto', lol. Maybe you're right about it becoming a collector's 'item' :0)
Plenty of scams and failed experiments out there, indeed. I've had my share (Envion, for example)...