I have a question, we'll know that BTC, BCH & LTC main goal is as a payment method, and ETH, EOS & TRX etc are mainly smart contracts & dApps... So my question is where exactly do DCR stands, like what's it major goal or something.
I don't think this is really true, as smart contacts are being developed to run as sidechains (rootstock) or on lightning/second layer for bitcoin. But the answer to your question is basically bitcoin with a different consensus/governance mechanism.
Well, this is pretty much the million (more like trillion) dollar question, isn't it: what will the blockchain future look like?
I don't think a pure smart contract platform, in which the main token is reduced to the role of an utility token is really working. ETH pretty much turned into a currency, even though Vitalik emphasized in the beginning that it was not supposed to be one.
I also think that from a technical point of view, it is a good idea not to have a "winner takes it all" future, because code has bugs and in the case of cryptocurrencies, a bug may be the equivalent of a digital nuclear blast. So, having multiple chains and multiple currencies keeps the blockchain ecosystem diverse and less vulnerable to critical flaws.
I think DCRs place is not that defined and it doesn't have to be. It is there, it is tech that can be used and if it is worth it, it will find its niche. At the very least, it is going to be a backup solution, a plan B if you will.
There's also a chance that we will see a future develop in which, due to DEXs and atomic swaps, you have a portfolio rather than a bank account. At the moment, everything blockchain is still very bare bones. We are pretty much interacting on the terminal/console layer with blockchains right now.
There's the possibility that in the future, you don't even know which types of cryptocurrency you are using. Imagine this: you are holding DCR and you are buying something with it. Now, the person you are buying from only accepts LTC. Via an atomic swap, you exchange your DCR on the fly for LTC without noticing it. The only thing you see is the account value in a base currency (EUR/USD/BTC/…).
Should this be the future, it is a good idea not to put all eggs into one basket. You'd probably hold a number of different currencies, to hedge against price swings and critical failures.
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Ya good idea. I dunno though, judging from the pm's he's sent me, I think I've successfully trolled the troll.
Congrats
