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RE: Bitcoin future uncertain - cryptocurrency mining is OBSOLETE!

in #bitcoin8 years ago

Silver is more useful than gold, equally hard to clone, still its value can't be compared to gold. It's because gold was determined to be the King. Value is determined by us people, maybe soon if the general consensus is that some other crypto will be worth more than that might happen, but Bitcoin sure has a first mover advantage, and I don't think people are putting their
Money in Bitcoin because it has the best technology ..

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Yes, Bitcoin does have first mover advantage, but it is fading and as you may have noticed Bitcoin dominance is already gone. Till early this year Bitcoin had 80-90% of the total market cap for crypto-coins, now it is less than half. This trend is irreversible.
Bitcoin will likely be around for a long time, but I expect it to fall behind in market cap and adoption to more capable blockchains within next 1-3 years, 5 years at most. I have a strong suspicion EOS will be the one to take the crown from Bitcoin in the next 2-3 years.
Lets see if I am right.

If you are right the EOS is a hell of an investment right now ! Actually it is a screaming buy at the moment

Yep :)
I am stocking up on EOS and telling all who will listen. This thing will go much further than Bitcoin!
Bitcoin is like a coal powered train compared to EOS galactic spaceship.

I like that metaphor :)