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Tangentially related, do you have any thoughts on ethereum or other alternative crypto projects? Or are you bitcoin or bust?
by tudelo 5y ago
Tangentially related, do you have any thoughts on ethereum or other alternative crypto projects? Or are you bitcoin or bust?
- scottmsul 5y agoI personally only own bitcoin, but obviously there's other opinions out there. The way I see it, the goal of bitcoin is to store value, whereas the goal of other projects is to achieve some non-SoV utility (payments, smart contracts, etc). First, solving the money problem is a much bigger deal than solving utility problems. Second, as the bitcoin ecosystem evolves, I believe technological solutions will be developed on top of bitcoin for those utilities, negating the need for separate tokens.
- tudelo 5y agoThanks for the insight. It will be really interesting to see were bitcoin and altcoins land in 20 years. I'm a crypto-noob personally and have only dabbled, but in the short term the world outside of bitcoin looks pretty damn interesting.