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RE: A reminder why Bitcoin matters...

in #bitcoin6 years ago

Correct, but the government could outlaw those coins at any moment. Which won't stop them like you mentioned, but it will certainly limit their usage and will dramatically impact their prices.

I think bitcoin has a chance to be a store of value and capture some of the gold market, beyond that I don't have a lot of confidence in any of the currency coins. Platform coins have a chance though.

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True, they just can simply BAN crypto. That is what they did it with precious metals in the Gold Standart monetary system. But After all gold price shoot through the roof.

Honestly me too. Just few of them btc, ltc and few the real world use case coins. You just mentioned "Platform coins'' do you mean ADA/EOS etc. or more something else ?

I honestly am not a fan of litecoin at all. I don't see a competitive advantage with it. It is still much too slow and too volatile to be a means of payment. Perhaps with lightning it will be better equipped?

Platform coins would be like ether, eos, steem, and basically the major coins that can be built upon.