Bitcoin maximalist are living in a tunnel, their own tunnel. You made some good points. Though the whole space seems to be about building DeFi and NFTs which are in the end all more or less the creation of money trees with some distribution mechanism on top, nothing more than that. Use cases they are not. However, all these altcoin chains are there for use cases to be built on top. In the future, I predict the only relevant chains are those that are sup[er fast, can deal with 100k's tx per second and handles data very very efficiently (ie data on the core chain is limited to the most minimal set required). Bitcoin chain will never be able to reach mass adoption since it never can handle 100k+ tx/second, while tx fees will be too high. Also, what will happen with BTC when all BTC are minted? RUnning the network costs a shitload of money, but what will these miners do when they don't get paid anymore? BTC as Gold2.0: maybe for some time to come, but what in 20 years? I predict BTC will be something that once was, but will not be of any core value anymore in two decades from now. Something the maximalist don't want to hear, but I said it right here {LOL} Many alt-chains will also stop existing. Others will enter the market and become relevant. Lessons learned from the past will be adopted in new chains. The tech is still evolving. In the meantime, I think we'll see a lot more DeFi services being born. What we also will see is a lot of people burning their fiat money on many of these DeFi projects and will leave the space again, as we saw back in 2018. DeFi is gambling, like CUB is gambling. Sure, we may trust the team behind it, that they will come up with real use cases, but today it's gambling. But a very interesting wat of gambling, if I may say so :)
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Money trees to grow upon perhaps. They are bridges. In regards to NFTs, they will be products in themselves with increasing usecase. For example, your Hive account is an NFT of sorts and later it could be used to verify and fingerprint all kinds of other NFTs, to provide additional artist authenticity.
But, as a store of increasing value, it doesn't have to move, it just has to have layered smart contracts attached to it to group it in a pool, creating a vault.
There are something like 15,000 now - most do nothing and will never do anything.
All investing with money is gambling, especially in the early days :)
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Agree the tech created with DeFi, but more eve with NF will have use cases that makes sense. Though how it is used now, is miss use in my honest opinion. All for a quick buck. That in itself doesn't help the credibility of the crypto space, which is a big shame.
True, BTC can be thje vault, but I don't see the point for BTC to be the vault. More flexible vault will be created which in the end are as secure as BTC is. BTC rewards to the miners will stop, and I don't see an inceptove for them to continue mining resulting in BTC being dismanteled at that point in time, or soon afterwards.
Hahahaha 15k Alts... Luckily a little less first layer token, like having their own chain. It the chain itself that provides value. Tokens on 2nd and higher layer, need to come with something else that matter to society.
The value is the hype - it makes people stand up. Tesla's first electrics were overpriced sportscars - though their plan was to build for the common person and make EVs the standard.
I think that by the time it will be irrelevant to mine, there will be other options for the way it is used.
It is a whole lot of fun to be in a space that is still - for the most part - trying to cross-the-chasm in the hockey stick model of Geoffrey Moore 🤩