Post
Topic
Board Altcoin Discussion
Re: Do you really use alts for the purpose they're supposedly created for?
by
wheelz1200
on 24/10/2020, 02:25:26 UTC
So many altcoins exist, out of which some are more known and used than others. Many of these coins claim to have an utility - for example, Siacoin exists, praising themselves as a Storage Platform.

But what truly bothers me is that, if I think about all those alts I have ever purchased and held, I have never used them for what they are supposedly created for. Besides Monero, where privacy is basically the default, most coins I have ever held have only been used for exchange deposits and withdrawals.

Hence, I thought it'd be a quite interesting idea to create a poll and find an answer to the following question: Do you really use the altcoins you own for the purpose they're supposedly created for?

I would have to think that 99.9999% of the people don't.  Alts are mostly just used to speculate to hopefully get more bitcoin.  I do think there is a space for alts and see merit in some but for the most part they are created/sold/traded for more bitcoin, period