Punter786, what's so special about Bitcoin that other cryptocurrency does not have? Agree, it's the first one created, but their nothing else to differentiate.
The concept is useful and has many applications (underwriting is on which is being used by many banks/insurance/shipping industries). But BTC (or any other currency) as alternate currency will never take off! The reason being simple, people understand money which they can see even if they don't carry any actual value on printed paper but for hundreds of years gone by and everyone in world (accept view tribes living in amazon) accept it as legal tender.
Cryptocurrency other hand is limited to select few those who have extra money to burn (ok invest). It might catch-up but it could take hundred more years. But if world govt rule just bcos they could manipulate paper currency, imaging corporate/individuals who could do same with crypto.
As earlier posts pointed that fixed distribution of currency will create deflation which is not good for anyone.
The concept is useful and has many applications (underwriting is on which is being used by many banks/insurance/shipping industries). But BTC (or any other currency) as alternate currency will never take off! The reason being simple, people understand money which they can see even if they don't carry any actual value on printed paper but for hundreds of years gone by and everyone in world (accept view tribes living in amazon) accept it as legal tender.
Cryptocurrency other hand is limited to select few those who have extra money to burn (ok invest). It might catch-up but it could take hundred more years. But if world govt rule just bcos they could manipulate paper currency, imaging corporate/individuals who could do same with crypto.
As earlier posts pointed that fixed distribution of currency will create deflation which is not good for anyone.
About what is so special about BTC, anyone who remains in touch with this subject knows it the scalability which makes it so special.
BTW, are you against cryptocurrencies or BTC only?