Post
Topic
Board Announcements (Altcoins)
Re: 🔥Obyte Cash - Fork of Obyte - 70% Airdrop! - Instant Transactions - 0 Fees 🔥
by
ObyteCash2
on 07/05/2019, 11:19:36 UTC
@shrem, ofcourse we want OBC to be used for trading and as a currency for day to day purchases. But before we are able to achieve this, we need OBC to be a top crypto that can be easily traded across exchanges and has liquidity. Without that, it will be difficult to convince anyone (other than holders) to trade in OBC. Ask yourself this, why would any vendor on the street accept a crypto (GByte for example) which has negligible liquidity and is extremely difficult to convert to local cash? Also, don't forget that there exists BTC which is in a way better position to be used as cash. Altcoins like OByte Cash can be used for specialized purposes like smart contracts, private payments, etc. And once we are established in these niches, only then can we target becoming a day to day currency.

So yes, the long term goal does include having an economy around OBC and people using OBC for day to day transactions but that is something impossible to achieve in the immediate future and before creating a solid base in the niches described above.