If BITCOIN is Gold, LITECOIN Silver, which ALT Coin be considered Copper?
For years we had three primary metal's that were well established within our currency. Before Nixon took the US off the Gold standard in 1971, Gold was directly convertible for US Dollars. And before the coinage Act in the late 60's Silver was widely used in Quarters and Dimes.
Now with copper prices going through the roof, Canada recently eliminated the penny all together, which was 99% Copper pre 1996.
With crypto currencies taking center stage some have argued that BITCOIN is the gold Standard. Now I know about BITBAR and that is an interesting concept but for simplicities sake lets assume as far as Cryptos are concerned, BITCOIN is the GOLD standard Coin. LiteCoin was considered to be the Silver standard, so that just begs the question what Alt coin could be considered the Copper standard?
I look forward to your comments.
Peace.
Litecoin is not silver but pyrite to Bitcoins gold. It is not much more than a clone that offers no 'significant' advantages over BTC.
If anything is silver to Bitcoin's gold it is Namecoin, which offers many different uses... not only a decentralized domain name service.
It is not about some get-rich-quick pump-and-dump scheme for speculators.
It is disappointing to see so many treat Bitcoin as nothing more than a commodity to speculate on.
I guess one needs to have a wide ranging vision and knowledge, if not expertise, in many different fields and disciplines
to truly grasp its revolutionary... evolutionary... potential.
