 |
May 25, 2021, 07:25:16 AM |
|
I'm really not seeing the case for bitcoin being the crypto and all other alts are shitcoins here. Bitcoin is a great store of value, but will never be 'A Peer-to-Peer Electronic Cash System', not with network fees and block times anyway.
All the boomer electronic cash coins do that better, like litecoin or bch even if the latter is centralized and has fundamental security issues. Even if bitcoin has the edge with decentralization, how will bitcoin scale to match speed and fees without using something centralized like the lightning network and becoming a bank pawn like cripple schizo?
Then there's usecase, you can't really passively earn bitcoin unless you buy some ewaste asics, lend it on a centralized platform, or wrap it and utilize it on DeFi platforms. You kinda just buy it, send it to your wallet, and it sits there like a hunk of metal. Wanna buy an ice cream? Whoops, it already melted by the time the transaction is done. Wanna pay your employees? Oh damn, the transactions canceled because I sent too many. Case in point, bitcoin doesn't have smart contracts either, unless you consider bitcoin schizo version the bitcoin.
So bitcoin doesn't have unique usecases like other alts, ETH for usable platform for smart contracts, all the storage coins equivalent to dropbox, onedrive etc, blockchains governments and corporations run on like fantom, oracles linking the blockchain to governments and the world, the list goes on.
How will it compete with CBDCs when they are so much more private and easy to use, POS cash coins when they have no environmental impact, even monero when it offers true privacy with everything else good about bitcoin?
Personally, I see bitcoin already something like digital gold, with other digital cash coins as currencies, and with everything else that isn't centralized shit or vaporwave the new products and massive of blockchain. So bitcoin maxis, how does bitcoin fix all this when it's simply a medium of investment?
|
