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Topic: What do you think altcoins will be used for in the future. - page 5. (Read 21970 times)

sr. member
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Personally, I think that in the future there will be no altcoins in the usual sense for us. Today, 90% of altcoins are only icons tied to a certain cost, they are almost not connected with the product.
In the future, the technology itself will be important and not its monetary equivalent, so projects will either have to shut down or fundamentally change their structure.
sr. member
Activity: 658
Merit: 256
Freshdice.com
The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over  from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?

We must not underestimate the purpose or usage of Altcoins in the crypto market because they were created from projects that is said to be the solution for the problems we have right now and that can be done by the use of the modernized technology which is in terms of crypto usage. Every altcoin is designed or created depending on the goal or purpose of the project so every altcoin is somehow different from one another when it comes to purpose. What we are just seeing is the outer shell of its usage which is to provide profit or just used for gambling or blockchain games. There is still a future in Altcoins that is waiting to be unlocked if we will just see it thoroughly inside the shell. But as of now, Bitcoin still plays the dominance and added by the fact that the market is down, the price of Altcoins are also down for a while but once the market recovered, surely Altcoins will do have lots of usage depending on its purpose in the near future not just being used for gambling.
hero member
Activity: 2296
Merit: 506
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Every altcoins have its purpose. Not all can be used for gambling and I think you should read about each altcoins use cases to understand them much better
But not so many altcoins have real use case and mostly altcoins are using as security and no more. You can see only a few altcoins are having real utility usage to get the loyalty program or even to use it on its platform. Every altcoins have its purpose but just for the future plan only.
legendary
Activity: 3346
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Only a handful of the coins have real use as of now. These include anonymous coins such as Monero and smart contract platforms such as Ethereum. The vast majority of the remainder have no use other than for speculative investment. There is too much fragmentation in the cryptocurrency market, and I have a feeling that the current situation is not sustainable for too long. If we want a stable market, then the number of cryptocurrencies should be brought down to somewhere between 50 and 100, from the current levels of 10,000+.
sr. member
Activity: 756
Merit: 257
Freshdice.com
The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over  from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?

Gambling is a big industry and the use of blockchain technology and cryptocurrencies to fuel it have made the industry to expand more in the cyber community. Other future industries that can make use of altcoins are online shopping and games. E-commerce websites are continuously expanding and the gaming industry most likely won't fall because there are always clients.
legendary
Activity: 1006
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SafeHaven.Finance
The future perspective tells a lot about the project and the answer depends on the specific project. There are general answers: The store of value, the mean of payment, etc. The microtransactions need a low network congestion blockchain and Digibyte has the highest transaction per second, AFAIK.
full member
Activity: 280
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hmm medium of exchange, payments, store of value, identity, storage, rights, investment in comodities and all the other traditional investments.. IPO , time stamping, many other use cases that i can't say in a minute but there are plenty. we'll be able to buy a fraction of a busines or apartment in other country for example and get dividents for its rent..

there will be tokens without price too with many usecases..
copper member
Activity: 462
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Every altcoins have its purpose. Not all can be used for gambling and I think you should read about each altcoins use cases to understand them much better
sr. member
Activity: 952
Merit: 251
crypto gambling already exists so I don't think that's the best for the future of crypto. used as a general payment is good, but in online quotes. because fiat will still be used. for example online electricity token payment using crypto, online water bill payment using crypto. so besides crypto is increasingly used and profitable, crypto is also really useful for life, not just gambling is thought of.

As I see it would not because the government or some government does not actually want or promote bitcoin because it takes a lot like gambling and maybe they can't control the crypto currency. The only thing they can do is to stop their people from using crypto.
Many countries are in the list who does not like crypto and they don’t support it but I think they only can ban crypto from their legal authorial places but its hard for them to stop all people from using it. In China and so many other countries are existing who asked their people not to use crypto but people still use it and it’s not possible to ban crypto or altcoin from any place as well as their people are interested in it.
sr. member
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I think some of the altcoins will be able to use as a part of a everyday transaction like our fiat money. Having a different kinds of payment method is kinda good because the customer itself will be having a different options in terms of how they are going to pay the goods that they are going to buy.
altcoins can be used as an everyday tool of payment when we will have many places where we can pay for services or some goods with our coins. altcoins themselves are ready to be used by people, but many private businesses don’t even understand why they should accept cryptocurrency and therefore altcoins can be used in the modern world only when the world will be ready, but I think that such times are very close
full member
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I think some of the altcoins will be able to use as a part of a everyday transaction like our fiat money. Having a different kinds of payment method is kinda good because the customer itself will be having a different options in terms of how they are going to pay the goods that they are going to buy.
sr. member
Activity: 854
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The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over  from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?
Though most of the altcoins are that good as we think of but there are still some who are worthy to place our investment. Just like what OP have mentioned it can be used in online gambling but in my opinion it is better for trade. Alts have small transactional fees compared to Bitcoin so I think it will he much better for scalp trading.
sr. member
Activity: 1115
Merit: 253
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I think in the future altcoin will remain like this as long as people are still buying bitcoin, altcoin will not be a gamble and also the use of altcoin is not just a digital currency because now many altcoin projects are working with large companies
hero member
Activity: 2086
Merit: 501
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crypto gambling already exists so I don't think that's the best for the future of crypto. used as a general payment is good, but in online quotes. because fiat will still be used. for example online electricity token payment using crypto, online water bill payment using crypto. so besides crypto is increasingly used and profitable, crypto is also really useful for life, not just gambling is thought of.

As I see it would not because the government or some government does not actually want or promote bitcoin because it takes a lot like gambling and maybe they can't control the crypto currency. The only thing they can do is to stop their people from using crypto.
sr. member
Activity: 1680
Merit: 262
crypto gambling already exists so I don't think that's the best for the future of crypto. used as a general payment is good, but in online quotes. because fiat will still be used. for example online electricity token payment using crypto, online water bill payment using crypto. so besides crypto is increasingly used and profitable, crypto is also really useful for life, not just gambling is thought of.
sr. member
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
I think altcoins may replace the current payment system and being good holding asset. Lots of altcoins have good feature like fast transaction confirm, decentralize, high security, avoid hackers, ... I think with those feature, altcoins may become the best payment system in the future.  Cheesy
Indeed we can't just set aside altcoins and focus on bitcoin, altcoins will innovate same as bitcoin and it might surpass bitcoin in some point like what you have mentioned about faster transactions but of course altcoins is also a way for scammers to fulfill their evil deeds so if we are talking about being used it is one but others usage of it in future will be some certain altcoin or altcoins may be used more often than bitcoin like ETH, XRP and etc because people will focus on investing on bitcoin and holding it more than using it in a daily basis. So to conclude altcoins will be used in the future like how we used fiat money today.
sr. member
Activity: 1372
Merit: 252
It would be possible that there is a lot of altcoins in the future and only few of them will be used for an alternative payment and other services that needed a cryptocurrency.

And we all know that even some of new altcoins today worthless or just created to make money and make fake promises to the investors.
If we see that there are only new projects to make money and there is no intention to develop the projects they bring, so it can be said that projects like this will become useless later. And it is true that you say, maybe only a few altcoins later that can be used as payments or arguably can make it easier for us who use cryptocurrency to make payments.
sr. member
Activity: 602
Merit: 250
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I think altcoins may replace the current payment system and being good holding asset. Lots of altcoins have good feature like fast transaction confirm, decentralize, high security, avoid hackers, ... I think with those feature, altcoins may become the best payment system in the future.  Cheesy
sr. member
Activity: 980
Merit: 255
I think the main use of altcoins is going to be similar to what we see now, I do not expect them to actually be used as currencies they will be used as a way to speculate in an unregulated market, this may not seem like much but it has a great advantage over the rest of the markets that are full of regulations.

But when it comes to actually be used as currencies you can forget about that, people are not going to accept a bunch of useless altcoins when they will prefer to accept the only coin they know will have a value no matter what happens and that coin is bitcoin.

Good point. The focus on regulation appears to be only at the bitcoin-fiat interface.

Whereas simply exchanging one alt to another is unregulated as they are just "tokens". Which means they're the only space for unregulated stuff like pumps and dumps and volatility trading.
Governments are not dumb they are not going to pass a bunch of laws trying to regulate if you can exchange your bitcoin for altcoins when they know they have no way to enforce those rules, so the laws they are passing are for those that are trying to convert their bitcoin or altcoins to fiat.

But even those regulations will be completely ineffective as people begin to accept cryptocurrencies directly, at that point bitcoin and a few good altcoins like ethereum will be impossible to stop.
sr. member
Activity: 658
Merit: 250
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This time altcoin use for good purposes but we also see bad thing ( drug, weapon and gambling ). As long there's no regulation to manage altcoin people will use it for those purposes and now there's adult project accept altcoin as payment. We should see the positive side from altcoin and use it for something good, such as blockchain development, education and charity. I think in future countries will use it for that purposes.
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