Yes to altcoins, maybe to bitcoin itself. There's nothing in the altcoin scene except pure gambling and scamming--and that doesn't interest me in the least.
Bitcoin is pissing me off. I'm currently buying something with bitcoin, and the transaction is stuck in the blockchain. Would have been so much easier to buy with cash, and that's what I'm doing next time. It's ridiculous. And this forum is a cesspool of degenerate retards.
Same experience. I fail to see the utility if it isn't to feed institutional players which will take in (or have already taken in) most of it, like gold in the old days.
Bitcoin is the reserve currency for
unregulated speculation and gambling. That is very important. It isn't going away. And it will only grow. Open your mind a bit.
I'm not believing any more in the "unregulated" part. Yes, it will keep the appearances of "unregulated and distributed" but in fact it will be entirely institutionalized behind the doors. Bitcoin will be (if it isn't already) an institution's crypto. Of course it will not go away, but it will not be what you think it is. It will be like gold. Mainly manipulated, stored, owned, regulated by central banks. If it isn't already. The Chinese gov already has put their hands on the big Chinese exchanges. I'm sure the big miners are next. Of course, officially, the gov doesn't own them. But they tell them what to do.
The liberating part of crypto was as an intermediate good when exchanging goods and services. That totally failed. Bitcoin isn't a currency. It is, as you say, a reserve currency in shady financial gambling stuff: the kind of thing that pumps value out of people in the hands of a small elite, because the dice are loaded and you don't know it.