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RE: πŸ±β€πŸ‰ Is Bitcoin Becoming A Dinosaur ?

in #bitcoin β€’ 7 years ago

In other words, Bitcoin would be like the "Gold" of crypto. However, a lot of this depends on the performance and feasibility of the Lightning Network, not only in Bitcoin, but other blockchains too. If LN works as intended there will be a major shake out of altcoins that don't use it.

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Fortunately, my holdings in Alts, at least my two biggest, are STEEM and BTS...two that dont require lightning.

But you are right, I see BTC improving with SegWit and Lightning...it will not be this old grandpa animal people are trying to make it out to be. Also, as you stated, as gold, transaction time is less important. Does an overseas supplier care if it takes an hour to get $125K in payment versus 3 seconds? The banking system takes days.