You may remember a loop issue faced by the network. This article will shed light on how you’ll be able to spend crypto for daily needs in the future.. While the passage is valid, It overlooks the fact that spending bitcoin or Ethereum assets directly, and on regular occurrence is definitely not the intent behind their creation.
A. It’s designed to store value long term, against the yearly average of 2% value being lost on the ($)Dollar. When compared to most other assets it’s extremely limited in quantity.
B. There will only ever be 21 million bitcoins. The max price potential of a single bitcoin surpasses a million dollars.
C. Better coins do exist, but the amount of money already involved in bitcoin makes it significantly safer than any other coin.
A. Is a central authority in its own ecosystem which is currently leading the next wave of evolution in the general ecosystem. (The whole crypto ecosystem is not one big network, It’s a group of networks, forming a larger network.)
B. It’s meant to be spent for operating apps on its network
C. Current leader in innovation, forcing competitors to innovate.
A. New coins are constantly being created aiming to be “what we’ll spend.”
B. The new currency must survive on: 1.) low fees while remaining fast. 2.) It’s quantity must be validated, while remaining decentralized. Both of these statements contradict each other though.
C. Currently the leaders seem to be Stellar or Nano.
This is not investment advice, I am not a financial advisor. You should always research investments, especially the more obscure projects.