BTC is not useful anymore. Expensive tx, unreliable and slow. Totally centralized and taken over by its enemies. No innovation taking place anymore, free speech stiffled.
ETH is not very scarce (2% inflation) and just too complicated. I'm afraid to use it and have gotten tx stuck, have to read up on "gas" every time etc. Sure some techies might think it's easy and I'm sure it has a bright future but it's is my strong conviction that it will never be a world currency as most people just don't understand it. Money has to be simple and reliable. My mother should be able to feel comfortable using it.
(The inflation might be temporary also, I'm not sure because it says different everywhere but my point about the complexity still stands)
XRP is centralized garbage, neither scarce or useful. As soon as TPTB decide they can change whatever parameter they want.
EOS, Stellar, Cardano ("the scientific crypto", is anybody buying that shit?!) are centralized garbage, ie not very useful.
Litecoin could have become something great but turns out they have NO vision except being silver to BTC "gold", don't believe in on-chain scaling and are following BTC to the grave. So, not very useful long term.
Monero is useful (although complicated to store and send safely) and hopefully scarce (hard to tell for a layman so I have to trust that it is) but can it scale? And is it really anonymous? I keep some of it.
IOTA: Centralized, not very useful, doesn't work, 99% techno-babble and "partnerships" announced every day on r/cryptocurrency. Yes I tried using it and you have to resend tx to get them through even though it's got a centralized coordinator. Spawn of Satan if you ask me, can't stand the main developer.
Nano: Very questionable incentives and prone to attacks. So it's a gamble, which makes it not very useful. I like the community though because they actually want to use it, not HODL. Wish them good luck.
Dash: Probably one of the strongest competitors to BCH. Useful and scarce. But it doesn't have the community and the decentralization of BCH.
100s of other coins: Might be great but they don't have the network effect or the brand recognition, and as we can see with BTC it is hugely important.
Also, the above list is based on "coinmarketcap" which is a terrible measure. The thing we should measure is usage. For example, does anyone ever use XRP for anything else than transferring between exchanges? How the hell does it deserve to even be mentioned in a list of cryptocurrencies?
As soon as BTC mempool clogs up during next bull run, if there are just enough FIAT-BCH exchanges, BCH will explode in activity and overtake all competition. Combined with the huge community of developers and visionaries who are creating all these new apps and use cases for BCH, I can't not believe BCH will beat the competition to pulp.
Just my two cents. Please tell me where I'm wrong.
Love you guys who keep this sub up and contribute to the goal of getting decentralized sound money to the world!
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source https://www.reddit.com/r/btc/comments/9rtbtk/bitcoin_cash_is_scarce_useful_and_has_the/
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