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RE: Bitcoin Falls While Others Soar

in LeoFinance2 years ago

I feel that their available options, coupled with the economic issues brought about by COVID-19 leave a need that Bitcoin addresses.

100% agreed. My only complain is that there are many other cryptocurrency that do the exact same thing much faster with less fees. and are great examples for this. BTC can still gain against rampant money printing of central bankers. These better altcoins will eventually surpass BTC and might even push BTC out of Top 100 coins by the next decade or so.


It's almost like "survival of the fittest" applies to the digital world. Each iteration of a cryptocurrency evolves based upon the varying needs of the civilization. Hopefully, the coin that benefits society the greatest will prevail.

It reminds me of my readings on our pursuits of nuclear fuel for power production. Uranium was chosen over Thorium as the nuclear fuel of choice solely based on convenience. Scientists merely knew more about uranium than thorium. And they had a practical application of it in Japan.

The cites you referenced show currencies that seem infinitely easier to deal with than Bitcoin. I hope they do well.