...
- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
- Alts work like a testnet for bitcoins (looking forward seeing Litecoin with SegWit)
- Once an alt feature looks working it might get adopted no matter onchain or in a side chain. (RSK)
- Alts mostly need bitcoin to trade and some bitcoins might be always reserved / locked for this.
- Alts might help to generate a closed bitcoin economy
My favorit comes here:
- Alts work like an infinite fear generator (Hydra) against any try of regulators to bring bitcoin down, since there are too many to kill and its very easy to just create a new one (like a Hydra cannot be killed by chopping off some heads, even the biggest one!) > crypto world is anti fragile and it will stay on this solar system from year 2009 on.
Any other things missing here?
... there needs to be alternatives.
Although bitcoin is capable of a lot of the features of the popular alts, I prefer each blockchain serving a distinct purpose. Litecoin indeed functions as a silver, as far as stability, and it's pretty fast. Doge is useful for xfer between exchanges, given the low price per coin, relatively stable price, and always low fees. ETH haa all the ERC20 tokens, atock like assets on a blockchain. Essentially, the differences in the coins are features. Bitcoin seems like a great long term store of value, but it's usefulness breaks down as an everyday spending currency.
We at least need ZCASH
you can't beat anon transactions, especially with the blockchain forensixs.forensics these days