RE: Bitcoin The Shitcoin That Keeps On Giving - Lessons In Market Forces

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Bitcoin The Shitcoin That Keeps On Giving - Lessons In Market Forces

in bitcoin •  7 years ago 

The article makes one very good point, which is it doesn't matter so much what you think should be popular or valuable, but what people actually want. There are literally endless cryptocurrencies that may or may not have a technical advantage over BTC. Only time will tell how they develop and change the landscape. Faster and better is great but to see real gains, mass market applicability is what will be key. I have a good feeling about Ripple (XRP), Siacoin (SC) and TenX (PAY). I also like Golem, but depends how easy it will be to utilize that blockchain supercomputing power in day-to-day applications like rendering or mapping genomes and such!

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Thank you, and yes that's the point, if the market likes it the market will buy it, regardless of what any one individual thinks.

I like SC, I bought some the other day, however the fact is faster transaction times are not something vendors or in fact consumers care about at the mo. Bitcoin is already faster than fiat and that's that. It will be interesting to note when this particular paradigm changes.

Golem makes me laugh, the first words in the whitepaper are something along the lines of; "In the future . ."

Yeah really? That's great, now tell me how that's got anything to do with you? Rofl :-D

Cryptogee