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A comment on Bitcoin Price Hits All-Time High of $19,786, Topping 2017 Record. Parent comment

Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by jonfw on Monday November 30, 2020 @12:56PM (#25256692)
Crypto is great- but BTC is a terrible crypto. Modern cryptos trade faster, with more anonymity, and more efficiently. BTC will never see mainstream transactional use- it's purely a store of value.

It still has some transactional use in online black markets for ease of purchase and name recognition- but it's considered 'legacy' and moving into unreccomended and unsupported territory on most markets.

I do believe that crypto does and will continue to gain use cases- but BTC is already on the tail end of it's useful life in any of those.

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Re:Bitcoin Price Hits All-Time High of $19,786, Topping 2017... by kainaloo on Tuesday December 01, 2020 @07:01AM (#25264450)
btc is just the value layer, it does not need to be fast or cheap chain. other chains like ethereum will be used for the more complex applications and these chains will interoperate with bitcoin.
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