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RE: BSC showing Why Bitcoin Cannot Be Beat

in LeoFinance4 years ago

Yes, Bitcoin is the king but....have you seen it's price lately? It's anything but boring. :-) I get your point though. It's not complicated. It reminds me of the advertisements that say, "We only do such-and-such, but we do it Well!" So BSC is the flavor of the month right now. Do you see any of the "new" ecosystems coming on line making any dents? Cardano, Cosmos, etc...? Just wondering....

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I think BTC is still pretty complicated and while we do have lots of companies working to make the wallets better and all that it’s going to take time and lots of fails along the way! To be money you can’t be complicated that’s why I say these chains are way too complex to be money they are money markets

Honestly I don’t know hey like Polka, EOS, ADA are some of the bigger Alts playing in this space and BSC just came in and stole their thunder without putting up much of a fight. I think people underestimate the network effects and with other chains using different wallets it’s annoying to switch over so it gets expensive to acquire a customer

I think that chains like this want to stand on their own will fail and the only way to survive is to become interoperable with let’s say ETH, having easy atomic swaps, connecting with popular wallets etc

I’m already starting to annoy myself by buying all these tokens and By the end of the year I’ll probably consolidate most of it so that’s also my bias