Top 5 of what? I'm not sure you understand the technology. You're literally using blockchain technology right now as you read this comment on steemit. Could you unpack that a little more so I can understand your point? Thank you for your comment!
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Sorry my mistake i meant to say the current top five on coinmarketcap will not be the ones that survive long-term. I strongly believe the current top five are only there by hype and first mover advantage. The major problem in this whole crypto market is how you enter and exit with fiat even if you dont want bitcoin litcoin etc. You still have to get it to exchange for the ALT coin that you want.crypto has to be in a free market for it to survive longterm.If this does not change bitcoin and coinbase are the dominos that will crash everythink . we have a dex but we need one with fiat gateway
I understand. That makes some sense. I think as cryptos become more and more mainstream, we'll require the need to exchange back to fiat less and less. I read a blog a few years ago by someone who lived for 30 days only using cryptocurrency. He was pretty much able to do it, but there were a few hiccups. I think that if that same journalist were to try it now with the advent of the BitPay card, and other options, he may just be able to pull off an entire year of living off crypto only.
I guess for me, I'm less interested in what coins they are, and more interested in that they just work easily, quickly, and securely.
Thoughts?
I think thats the key how easy fast and secure the coin is. But i think also we have to stay as decentralized as much as possible but also remember for the time being we have to sort of work along side fiat money. Until crypto is really ready for the world. ive only been on steemit a few weeks and only found out about it from reading up on bitshares and when i found out it was the same creator i opened a account straight away. Im not easily impressed in this crypto market but for me steemit is a FB killer i love it and if bitshares gets fiat gateway bye bye coindesk and all the others exchanges so we can finally have a free market and no governments closing down exchanges.