I see that some altcoins, particularly Ether and Dash, are surging in value. But I have to ask, what is the purpose of them? Just holding value?
Bitcoin at least has been used as an actual currency, with people taking it as payment and some businesses even accepting it (both online and brick-and-mortar). But I have yet to see any "Ether Accepted Here!" or "Now Accepting Dash!" signs anywhere.
So what is driving the value of these coins? Are they more like precious metals, simply being a store of value rather than being like typical fiat currencies?
Thanks.
People like so much Satoshi Nakamoto in the aspect that he is popular even though we don't know if he or they still exists, and people want to imitate him and be their own boss and have their own cryptocurrency and probably manipulate the price easier even though when it gets popular is harder than ever but they have some additional features that bitcoin doesn't have or it has but works differnetly and/or slowly.