bitcoinstudent
Re:Coinbase adds support for Litecoin
on Thursday May 04, 2017 @01:04PM (#14266569)
Neither of those things are completely true. While bitcoin is accepted at some merchants, volume is pretty low. Several have removed it. People don't really use it to buy things, precisely because the network is stagnating and congested. The vast majority of Bitcoin's value derives from speculation, just like Ethereum.
Also, Monero is also on equal terms with Bitcoin when it comes to dark net markets. Another crypto with an actual valuable distinguishing feature (true anonymity) has more of a use case than Bitcoin here.
Re:Coinbase adds support for Litecoin
on Thursday May 04, 2017 @01:43AM (#14262705)
I don't think that's really true... it was true for things like TCP, http, and email, which had massive network effects and little competition at their start. But Bitcoin is already only 60% of the total market cap of all cryptos. While bitcoin was already a monopoly, Ethereum came from nowhere to become 1/3 its size (and growing). "Good enough" is not good enough here. Competition is alive and well. Without active development, it will stagnate. We've already seen that start.
Re:Coinbase adds support for Litecoin
on Thursday May 04, 2017 @12:24AM (#14262445)
Litecoin founder came back and started working on SegWit.