Post
Topic
Board Altcoin Discussion
Re: Can Altcoins Replace Bitcoin?
by
Snappycoco
on 21/08/2021, 23:25:33 UTC
I think it is foolish to expect such things from Altcoins, because the disappearance or devaluation of Bitcoin means the collapse of the digital currency and may cause the collapse of the Chinese block, but we can expect better and more reasonable expectations than Altcoins. One of these expectations is the development and expansion of the Chinese bloc in other areas such as medicine and agriculture. Atrium, Neo and IAS are moving in this direction, and we may one day see these platforms as global giants. Act in different fields
No altcoin has the ability to replace the trust built for Bitcoin. Even Ethereum's greatness cannot replace bitcoin whatelse those chinese blocks that you're saying. Alts are useful in other ways. They are utility tokens and some are governance ones. They rely fully in the protocol and not on trust. They have specific value while BTC has none.