Topic: What could be the next decentralized altcoin that might be a medium of exchange? - page 3. (Read 437 times)
August 15, 2018, 05:06:58 PM
Most of the altcoin are being popular in crypto market. Investors are trying to find the potential one. On the other hand Bitcoin is a popular coin for many years. I hope , within some years people will accept crypto as their main currency.
August 15, 2018, 04:23:13 PM
I don't think crypto will ever replace fiat and cash.
The more realistic scenario is that they both exist.
The thing is, btc will never be able to be used as a global currency.
It is too slow and expensive.
why would someone use btc to pay for something when it costs $5 - $20 dollars for transactions and can take anywhere from 10 minutes to a couple hours to go through?
If a crypto does get used like cash for normal, everyday purchases, it won't be any of the old blockchains.
It will be the blockchain 3.0 projects like nano, byteball, or iota.
These coins are free, fast, and scalable.
There's no way people will use other things when there are better options to be had.
but don't take my word for it, try it out, once you use nano you will never go back to a normal blockchain again.
The more realistic scenario is that they both exist.
The thing is, btc will never be able to be used as a global currency.
It is too slow and expensive.
why would someone use btc to pay for something when it costs $5 - $20 dollars for transactions and can take anywhere from 10 minutes to a couple hours to go through?
If a crypto does get used like cash for normal, everyday purchases, it won't be any of the old blockchains.
It will be the blockchain 3.0 projects like nano, byteball, or iota.
These coins are free, fast, and scalable.
There's no way people will use other things when there are better options to be had.
but don't take my word for it, try it out, once you use nano you will never go back to a normal blockchain again.
August 15, 2018, 04:18:50 PM
Crypto market is now one of the popular coin in all over the world. there are some altcoin come in the market. like ethereum,EOS. hope people will show their interest on this as they now showing in bitcoin.
August 15, 2018, 03:47:41 PM
bitcoin is now one of the top trustable coin in cryptomarket. bitcoin used the blockchain technology and there are some coins come to market which used lighting network to defeat the bitcoin. hopefully they can. let's see what happened.
August 15, 2018, 01:31:55 PM
Bitcoin is great! it will be the next digital gold (gold 2.0) a great store of value with only 21M coins.
But when will the revolution reach the medium of exchange sector?
When will a cryptocurrency replace FIAT?
What is needed in order for that to happen? some ppl say LN (lightning network) will help, and that the issue is scalability.
I think it is in the monetary system. people will prefer to HODL the BTC, and use the USD to buy stuff.
What do you think?
But when will the revolution reach the medium of exchange sector?
When will a cryptocurrency replace FIAT?
What is needed in order for that to happen? some ppl say LN (lightning network) will help, and that the issue is scalability.
I think it is in the monetary system. people will prefer to HODL the BTC, and use the USD to buy stuff.
What do you think?
I dont think cryptocurrency will replace FIAT . Remember that there is still alot of people that dont use internet or any other new technology like smartphones and stuff like that . Maybe it will be like alternative to FIAT , but not to replace it
Its too early for that . And elite would not let to replace FIAT so Easily lol August 15, 2018, 01:27:55 PM
I can always say that Ethereum is having a potential to change Bitcoin in the throne of cryptocurrency, but but right now I believe that Ethereum is really far from being that, maybe next 2 years.
August 15, 2018, 12:51:49 PM
you are right, Bitcoin is great. it is more secure and profitable. it is more popular in crypto market. if their is gone to a reveliation ETH should take this place. people should HODL the Bitcoin and they use USD.
August 15, 2018, 12:40:08 PM
Having faster transaction rate than BTC, the Litecoin is one of best altcoin exist right now. Purchasing Litecoin is quite easy. I think it can be a good medium of exchange as it has good scalability.
August 15, 2018, 12:29:06 PM
Speaking of altcoins the first name that comes to mind is Ethereum. This cryptocurrency has pretty good chance to be a medium of exchange if it can develop its technology to increase the scalability.
August 15, 2018, 09:33:50 AM
I think that in the next 5 years, crypto will be used alongside with fiat money, but in small tourist shops or when paying for tourist services. However, while dollar and euro will remain at their main positions in the world.
August 15, 2018, 09:10:02 AM
FIAT can never be replaced by crypto currency. Because if this going to happen then all the countries should have to accept this currency but which is not possible as some dominating countries already banned it.
August 15, 2018, 09:06:13 AM
Bitcoin is more popular in crypto market. it is made by advance technology. it will make more profit for investor thats why people are more interested to invest here. but it is following liquidity that's why anything can happen.it will take place if revaluation here. i think bitcoin will turn around.
August 15, 2018, 09:02:43 AM
Bitcoin is great! it will be the next digital gold (gold 2.0) a great store of value with only 21M coins.
But when will the revolution reach the medium of exchange sector?
When will a cryptocurrency replace FIAT?
What is needed in order for that to happen? some ppl say LN (lightning network) will help, and that the issue is scalability.
I think it is in the monetary system. people will prefer to HODL the BTC, and use the USD to buy stuff.
What do you think?
Well it can be!But when will the revolution reach the medium of exchange sector?
When will a cryptocurrency replace FIAT?
What is needed in order for that to happen? some ppl say LN (lightning network) will help, and that the issue is scalability.
I think it is in the monetary system. people will prefer to HODL the BTC, and use the USD to buy stuff.
What do you think?
There is no permanent in this world except change. People always have the mentality to change and adapt to the environment and it usual for us to adapt crypto coin in substitution with the fiat currency. But there are always a limit with this and I think it will become hard for bitcoin to be a medium of exchange when there is a banning of government.
August 15, 2018, 09:02:20 AM
I think that cryptocurrency is a convenient means of payment. It does not need to be converted, it can be paid for goods and services quickly and conveniently (if the problem with the speed of Bitcoin and Eth transactions is solved). The popularization of cryptocurrency is spreading with great speed. So the time when crypto will become a universal currency is very close, 10-15 years.
August 15, 2018, 09:02:09 AM
No decentralized cryptocurrency can ever replace FIAT because of their volatility. Their worth keep changing in minutes, or seconds sometimes. And that would not be an ideal scenario for very big economical exchanges between countries. The value of goods bought using the currency can either go down or go up according to the movement of the currency used for it, and in case it is a cryptocurrency, it can either boost up the economy of the country or bring it down in a blink of an eye. So I don't think it would really work, as long as they (cryptocurrencies) keep changing values, which is their nature and unchangeable, I guess.
August 15, 2018, 08:59:37 AM
Yeah definitely bitcoin will become the digital gold. And cryptocurrency is really dominating the world economy and the whole world actually trying to involve I must say as it has really good potential.
August 15, 2018, 08:52:32 AM
I would say Ripple altcoin. This is one of the most promising altcoin. Many financial institutes already start testing the technologies of Ripple. The best feature of this digital asset is it is highly scalable
August 15, 2018, 08:44:07 AM
For the newbies in crypto coinbase is a perfect choice. Their customer service is truly good. Best thing about them is they accept all kinds f debit/credit cards and bank transfer and the verification is very quick and easy.
August 15, 2018, 07:39:03 AM
Gemini is very useful alcoin. There are many advantages of this digital asset. They provide users with excellent security, low transaction fees, efficient functionality. This platform is very user friendly and users get good liquidity here.
August 15, 2018, 07:28:43 AM
As per as current market scenario, I think Ethereum and EOS.io will be the next decentralized cryptocoins which will be a medium of exchange.
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