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RE: Bitcoin's Failure As A Monetary System

in LeoFinance2 years ago

We can't fault Bitcoin's security but scaling has been where it falls short of being a monetary system and why I see it more as a digital gold than it being adopted as your days to day form of transaction seamlessly.
Could the scaling problem be solved in the future? I'd like to see that happen.

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it will

It will be great.

They why building of Lightning? The entire premise of that network is to have a scalable transaction layer for Bitcoin.

Posted Using LeoFinance Alpha

Given the realities of how Bitcoin is right now and how some altcoins are right now, it makes sense to hold different cryptocurrencies for different things. After all, we should all have wealth as some combination of cash, precious metals, securities, and physical assets such as land. Some people would stick to a couple of those, but then diversify within the broad categories (USD/EUR/GBP/JPY/etc.; gold/silver/platinum/palladium/etc. blue chip stocks/memestocks/etc.; ...)

Regarding cryptocurrencies, I think we would be good with Bitcoin and Hive, plus Ethereum and BNB. Throw in Litecoin and Dogecoin while we're at it, too.

Posted Using LeoFinance Alpha

Throw in Litecoin and Dogecoin while we're at it, too.

The Dogecoin part 😃, I am HODLing a 500k bag of SHIBA wish it could hit $0.1 someday, so I can cash out into Hive.