RE: Bitcoin’s Innate Problems: Volatility and Mining Centralization
My guess is that btc is the ibm of its generation. It paves the way, but other coins will take over. It is slow and costly compared to many of the others.
I am a user of steem and blog here to make my living. I take steem out weekly and convert to fiat. The conversion currency I use is usually ltc. It is very cheap and takes 10 minutes or less to clear into my exchange. The one time I tried btc, it was 10 times the fees and took about 8 hours.
I hear stories of this all the time in crypto groups. People think btc is the big guy so they should use it and others say use ltc, or dash, or a number of others instead.
The segment of investors in crypto is small and will always be. It's the users that need to come to make this work and they will not be using the expensive slow coin to transact and buy the mythical cup of coffee. Instead they will use the fast coin with cheap fees.
It's such a small market right now @fitinfun
Anyone who tells you one crypto is going to make it over the other is absolutely delirious.
Nobody knows what's going to happen in the next 2 or 5 years. That's what's so exciting! The opportunity to innovate and create a whole new financial system to be used for generations to come
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