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People want a coin that can give them 1000x gains, the next iteration of "buying btc in 2010." Far < 1% of those people has ever used a cryptocurrency to make a
by FreeCrypto 9y ago
People want a coin that can give them 1000x gains, the next iteration of "buying btc in 2010." Far < 1% of those people has ever used a cryptocurrency to make a purchase.
Related, but not directed at prev comment...
If anyone actually cares about sound, uncensorable money, then they should look to the $300B network that has been battle tested and withstands constant attack. BTC has prioritized stability and security, and done very well in that regard. I understand that btc businesses, and the small minority that purchase from them, are frustrated that the digit cash use-case is more difficult right now. From my perspective though, the proven stability and security is far more valuable in the long run, and is something that other coins only talk about. I think btc has to go through a full financialization to complete its price discovery (eliminate the massive volatility) before any mass adoption of a cash use-case is practical. Luckily, futures and ETFs are incoming, and lightning network is testing on mainnet.