How about gold bars, waste of time? Bitcoin is a store of value.
Becoming a means of exchange is the battle you're referring to, and it's being fought now by many but certainly not all of these cryptocurrencies.
RE: Monero, the better new old Bitcoin?
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Monero, the better new old Bitcoin?
I personally don't like this association with Gold, people saying that 'Bitcoin is virtual Gold'. It's nothing like gold at all despite the futile attempts to shoehorn gold related language into it.
Gold is tangible, it has a real world purpose. We use it in everything from industry, electronics to jewelry, dentistry etc. It's a rare commodity that's hard to extract, that's where it's value is.
Where is the value in Bitcoin ? It's completely made up. The price means nothing at all, it doesn't represent anything. You can't even use it for anything except 'storing wealth'. And how's that working out for everyone at the moment ?
Monero, or something similar that can be used in the real world, has a chance of being adopted at least and made worthwhile.
And why should the price of any coin be tagged to Bitcoin in the first place ? That's as ridiculous as saying the price of USD has gone down, so I better sell all my Yen. In fact it should be the opposite, Bitcoin should be falling as investors pull their money out of it and put it into other currencies which are increasing.
Sorry for the rant, just my own feelings on crypto, nothing personal :-)
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