3 ms·
Crypto as a currency could be a truly great asset to the world. Decentralized trustable currencies would offer unique benefits. However no current crypto market
by xupybd 5y ago
Crypto as a currency could be a truly great asset to the world. Decentralized trustable currencies would offer unique benefits. However no current crypto market is basing it's value on that promise. It's simply speculation and lack of understanding.
- lowkey 5y agoI would challenge that Bitcoin + Lightning + Stablecoins are well on their way to fulfilling the promise. All three of Bitcoin / Lightning / Stablecoins offer “Decentralized trustable currencies” as well as a unique type of immutable, censorship-resistant, unreversible, fast-finality payments over the internet. These are net new novel currently and payment innovations that have never existed before. Bitcoin and Stablecoins combined as a currency are a truly great asset class. Other altcoins (including Ethereum) are not trying to be a real reserve currency for the internet. They are speculative investments in new technologies. Bitcoin is special. Bitcoin fixes problems we didn’t realize we had.