It is my understanding that
1 bitcoin = 100,000,000 satosi units
That's trillions of units. So what is the point of bitcoingold, bitcoinsilver, bitcoincopper, litecoin etc etc. Why is all this happening and where is the value. It starting to look like what the Fed does with money printing.
Forget the subject of smart contracts and lets focus just on a currency. Why do we need anything other then just the bitcoin block chain?
For me bitcoin is a storage of wealth, if you need to buy some coffee using your bitcoin then convert it into bitcoin cash or other crypto and spend it. I think this will probably happen in the future.
Bitcoin transaction fee will stay high.