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> none of the Altcoins currently have any use outside speculation, I feel like this is moving goal posts. Take for instance Litecoin has a market not because i
by splintercell 9y ago
> none of the Altcoins currently have any use outside speculation,
I feel like this is moving goal posts. Take for instance Litecoin has a market not because it is used by various businesses but because it provides faster clearance to bitcoin exchanges (due to faster transaction times). Sure exchanges are dealing on a lower security network but they're ok taking that risk because the value they derive from it (i.e. more profits) is higher than the insurance it would cost them if something were to go wrong.
Similarly, people use Monero because it provides them with the much needed privacy features. They may anchor back in bitcoin to purchase goods, but it doesn't change the fact that the reason why Monero is valued isn't "pure speculation".
Ethereum is currently being valued like a startup, it's product are expected to be very much useful in the future. Almost none of these products really care about Ethers being used to buy and sell goods on Craigslist or on Tigerdirect for computers. Take for instance Golem.
You're claiming that only real valuation of good is if it is being used to exchange for real goods or else it is pure speculation, BECAUSE bitcoin has a clear advantage in that field. It's like Dash saying "No cryptocurrency is as good as Dash because all cryptocurrencies have long names, and only Dash has a short name, so it will be easier to adopt because the name can hang on easily on to your tongue.".