If you had the choice of buying a painting with a currency that charged you a $20 fee or one that was free to use which would you pick?
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If you had the choice of buying a painting with a currency that charged you a $20 fee or one that was free to use which would you pick?
When buying anything expensive you use an escrow service. Sure, it would be cheaper to simply do the exchange, but the numbers are so large you want to be sure of every detail.
Sure, Iota is really cheap to use, but if you didn't have much experience in the crypto market, would you take $1,000,000 of the no name coin, or $999,980 of the name brand coin? When dealing with numbers that large, trust is the most important.
Yeh sure, absolutely Bitcoin has the biggest brand name right now and it's probably the most trusted coin there is, but others will build their reputation over time and if they become as trusted, yet faster and cheaper than Bitcoin they will overtake it. Also the people using BTC to buy houses and paintings are not the largest potential market, those that would benefit the most from the crypto are those that do not even have a bank account, who could never afford a $20 transaction fee anyway
Oh yes, for them, and for me, bitcoin is almost dead. Bitcoin is next to unusable accept for large transactions. And, you don't have to tell me that other coins are far better for use as a currency.
Does it sadden you that you may never become a bitcoin millionaire? Oh sure, you are a Litecoin, Dash, Steemit millionaire, but is that the same?
:-p