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I agreed with the part of the first paragraph that says that most uses of blockchain are deadends or solutions looking for problems. I'm coming from "Bitcoin bl
by matvore 6y ago
I agreed with the part of the first paragraph that says that most uses of blockchain are deadends or solutions looking for problems. I'm coming from "Bitcoin blockchain + POW is a store of value," and "LN is the fast, convenient transaction mechanism" that sits on top.
Dabbling in other cryptocurrencies with comparable POW's and blockchains to Bitcoin is basically speculation and gambling. I don't think they have very compelling use cases that Bitcoin+LN doesn't solve already. I assume non-BTC cryptocurrencies will survive in the long run, but who knows which ones, and eventually the LN will make swapping and conversion of currencies trivial and/or automatic.