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Title: What will become the first real cryptocurrency, not an invesment currency Post by: ydxistheking on February 27, 2018, 05:10:48 PM Let me know which one you think will be really used as a currency, I have been wondering for quiet a long time
Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: gentlemand on February 27, 2018, 05:26:35 PM None of the above. They're all hobbled by speculation and always will be since their value is free floating. The only type that would ever become 'true' currency is something with some type of inbuilt stability mechanism. If there's any chance of making money out of movements people will pour in.
Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: RodeoX on February 27, 2018, 06:17:59 PM I have never "invested" in bitcoin. I have always used it as my currency of choice. I don't care how many dollars it's worth. I don't want dollars.
Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: atrocityx on February 27, 2018, 06:52:11 PM Let me know which one you think will be really used as a currency, I have been wondering for quiet a long time I personally don't feel any of them really meet the definition of currency along with the expectations I feel have to exist in order for massive adoption. Credit cards do thousands of transactions a second with practically 0 fees and are accepted everywhere.. even with litecoin's improvements over bitcoin (or bitcoin cash if you must go there), neither of these realistically compete with what banks and fiat already offer for everyday transactions.. I think the real question atleast as far as these technologies listed will be "which of these is the most accepted commodity?" Any crypto that is gonna be used as currency imo has to come from a technology that hasn't been developed yet.. and will have to have some sort of transaction system not based off of proof of work.. which here in lies the problem.. Currently decentralizing methods of crypto make the transaction times and fees too long but centralizing them for speed goes closer to what current systems already have and I don't think theres really a happy medium... the core of crypto should be decentralization that can't be shut down but how do you make that 1000s of transactions per second with almost 0 fees? I think something will eventually start to bridge this gap but it won't be any coin currently in circulation. Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: Sowik on February 27, 2018, 07:24:59 PM Do you know why the price of those coins went so high? Because of "investors". Maybe Bitcoin was some kind of currency in its early days but now it's seen just as alternative investment.
Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: m1c0 on February 27, 2018, 07:38:09 PM to buy things it needs a low fee and it also needs to be fast and secure and also wide spread (mass adoption).
None of your listed currencies fullfil that yet but development will continue and more people are joining cryptos daily. So it it just a matter of time people will finally "use" cryptos as how they are intended to be. Well at least bitcoin etc. Nowadays newer Gen cryptos are more than just currency, but better not ask me now what privileges they have :P To make it short: future is already here, people just need to recon it and use it. Title: Re: What will become the first real cryptocurrency, not an invesment currency Post by: HabBear on February 27, 2018, 07:59:58 PM None of the above. They're all hobbled by speculation and always will be since their value is free floating. The only type that would ever become 'true' currency is something with some type of inbuilt stability mechanism. If there's any chance of making money out of movements people will pour in. Like a centralized bank? If you want a free market you need to accept that there will be price volatility. And people have been pouring in for the last year (as the chance to make money has become more present in the press). To the OP, I believe Litecoin has the best chance of serving as a real currency of those you mentioned. But keep in mind, it's not the consumers choice, it's the merchants choice. If they were to accept a cryptocurrency for payment, the consumers will flock to it and use it. You should shift your question - when will merchants decide crypto currency is something they want to participate in? |