The benefits of alternative cryptocurrencies are faster, cheaper, and potentially anonymous transactions. Bitcoin's use of PoW and limited supply means that tra

The benefits of alternative cryptocurrencies are faster, cheaper, and potentially anonymous transactions. Bitcoin's use of PoW and limited supply means that transaction fees will always be necessary to provide miners with rewards once all the coins have been mined. In my opinion that is a tradeoff that will cause most people to use BTC as a digital store of value rather than a form of payment. I think that if a cryptocurrency ever becomes widely used for payments, it will be one that uses Proof of Stake/an inflationary supply and can therefore avoid relying on transaction fees.