Post
Topic
Board Bitcoin Discussion
Re: BTC Dominance on CoinMarketCap
by
JollyGood
on 31/10/2019, 10:03:44 UTC
How can you be so sure? That is a bold statement to make.

Maybe a competitor will dethrone it in a few years or so. I keep an open mind about this.

Bitcoin's path is clear, which is to function as store of value. It's gaining adaption on a daily basis as being that. Optionally, LN might also add utility in form of instantly and near free transactions.

I add more importance to a store of value than anything else-- cheap and fast day to day transactions are likely going to be taken over by centralized stable coins because they work as money and do that today already.

We have had tons of altcoins with each a different utility and roadmap, but none of them signal that there is actual demand for them. Crypto as a whole is just overhyped, so is the blockchain as technology.



I could not agree with you more, crypto is over-hyped and to a point so is blockchain technology but they can be utilised and maximised for individuals and projects for their own agenda and goals.

As far as you keeping an open mind about a competitor maybe dethroning Bitcoin in the near future, do you see any existing crypto that might make that leap or do you think a new one will be created which might take over?