Hi @gandhibaba
I agree that cryptocurrencies are the future and that fiat is limited. We need to move to a global system that is not controlled by governments who can print money. When they do print money, they are literally stealing from us as they are making our money worth less and giving themselves more.
Bitcoin has a big brand and a lot of investors but has a scalability problem. I believe we will see next-generation cryptocurrencies battle it out with eventually one dominating everyday transactions. That doesn't mean Bitcoin will disappear any time soon but will perhaps become more of a collector's item due to its very limited supply.
Great post - upvoted.
Hi @awah very good points made above, except that being first means a lot in this space. I don't see any token displacing Bitcoin for now. It's decentralization mechanism will continue to awe many in this space for the years to come. However, you made many good points. Cheers!
Being first helps a lot but remember MySpace was first before Facebook. Technology and ideas develop and some times the initial ideas, although good, can be greatly improved upon by others. I agree there is no obvious candidate yet but usability, utility and transaction speed have to be key success factors.
A do believe though Bitcoin will be around for years to come, perhaps not as the everyday currency for transactions.
Thanks for sharing these sound thoughts. I am compelled to agree with you, especially with the logic of arguments.