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Goofy_Coyote 6 days ago

Can you elaborate on what is real crypto, vs what’s happening now with BTC or other decentralized stable coins, please?

I’m curious to know more.

Thanks

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jrm4 6 days ago | parent [-]

The fees and slowness of BTC have essentially rendered it unusable as a "real cryptocurrency" and is more-or-less just being taken over by the banks.

The others aren't doing well right now despite the fact that the tech that runs them can do what crypto promised, often better. It will all come down to whether people will buy in?

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chabes 5 days ago | parent | next [-]

Wow, flashback to 2017. This was a narrative back then, and it led to the creation of (and eventual demise of) the bcash fork.

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martinohansen 5 days ago | parent | prev [-]

Isn’t the lightning network solving the slowness and high fees problem?

	▲	jrm4 5 days ago \| parent [-]
		Supposedly, but it doesn't seem to be happening -- the problem with those 2nd layers is that they end up simply inserting a point of failure that happens to be the entire point of cryptocurrency.