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RE: My opinion about crypto innovations
I don't think Bitcoin has lost in the cryptocurrency world. It might not be the fastest currency, but in the technology space, a recognizable name means as much as being technologically superior. While I'm sure a lot of crypto innovations will succeed, there will always be people in the crypto space who remain sceptical and will stick to bitcoin, or at least include it in a diversified portfolio. Furthermore, not everything is better with blockchain. In many cases, the security added by blockchain does not justify the increased inefficiency and more increased difficulty of editing and deleting information.
Hey,
Thank you for your opinion. You are right. Bitcoin was the first crypto currency so it has a big advantage but if we will pay in the future with crypto currencies then I think Bitcoin is the worst currency. Bitcoin could not verify all the transactions in short time and the proof of work costs too much. But that is just my opinion. Thank you for your opinion :)
What do you think? Which crypto currency could be the money of the future?
I think cryptocurrencies will coexist with normal currencies (they kind of already do), but it's hard to tell. If bitcoin was to be used effectively in the future, I guess transactions would have to happen off chain, as if you have your cryptocurrencies in a bank, similar to how coinbase users can theoretically send bitcoin fee-less to each because the bitcoin doesn't actually have to change wallet. The whole trustlessness point of cryptocurrencies will kind of disappear, though, but maybe that's what it takes.