The Flippening: Exit Bitcoin for these Best Cryptocurrencies
Bitcoin is still dropping, eh? That’s because industry leaders intimately know the “core” problem with Bitcoin. This problem involves the Bitcoin Development team and management. It’s OK, we forgive them; they started this amazing revolution and their job (within their context) is unable to keep up with human demands! When it comes to a store of value and the transmission of value, the industry has moved on, and businesses and individuals are next to move on!
It will give me great pleasure to share with all of you some of the cryptocurrencies that industry leaders are happily embracing...and WHY! Bitcoin’s network congestion and lack of leadership discipline is what made Bitcoin technically useless, bringing much of our attention to...
Bitcoin Cash
- The software is the same as Bitcoin and this provides a very easy transition to adopt Bitcoin Cash. All existing software can switch to Bitcoin Cash easily with minimal man hours.
- The network used to be the Bitcoin network until it “forked”. This means that everyone involved in Bitcoin already has (or had) Bitcoin Cash. Bitcoin participants since (and prior to) the summer of 2017 are already part of the Bitcoin Cash ecosystem :)
Dash
- The software is based on Bitcoin, and the transition is easy.
- This is the only cryptocurrency that the payments industry, especially the vending industry, takes serious. And this is due to the fact that Dash was the first network to support transactions that are instantly settled, guaranteed. (The technology is called Instant Send.)
- Dash is the only cryptocurrency with nearly a $100 million yearly budget. That’s some serious power to grow and adapt!
Ethereum
- Other than being the originator of Smart Contracts, Ethereum’s high marketcap and demand has made it useful for cryptocurrency businesses to use Ethereum as a medium to transfer and exchange funds that will ultimately be used as local currency (i.e. bank-issued currency, US Dollar, etc.).
- This continues to attract other business’s developers to uncover and report the token’s further utility within the corporation.
Litecoin
- “First-mover” advantage mixed with the fact that the development team finished what the industry demanded: faster transactions on a less-congested network.
- The ecosystem is developed almost as much as the Bitcoin ecosystem. Already there is high adoption as a storage and transmission of value, technological infrastructure is in place, and businesses are using this as settlement.
- Litecoin's persistency shows that anyone can still become a leader even when focusing less on innovation. Google will agree! :)
Steem
- When it comes to brute-force transactions, STEEM (and its parent technology) are unmatched as a decentralized token.
- Mocks true scarce value: attention. This was achieved as a social network rewarding others (mostly) for their attention given to the network.
- Public listing of all Steem account holders, how much they have to spend, and plenty of information about their interests. This can serve as a transparent means to measure the viability to market awesome apps and products to Steem users--and receive their Steem (or SBD) in return!
Notice that the positive points for Steem are unique to other cryptocurrencies. Once Steem has developed to also include the benefits and maturity of other cryptocurrencies, the novelty of Steem will really shine! Personally, I feel most confident in Steem and Dash :)
Here are some other coins that I believe are worth our attention:
Thank you! :)
It is my wish to serve you with these words!
Some info about me: I've been involved with Bitcoin since 2010. By trade I am an expert on blockchain technology. I am the Project Director for Wall of Coins, and CEO for Genitrust, Inc. I eat primarily fruits and leafy greens ("fruitarian"). This is known as a frugivorous diet, which is the diet by design of the human species and most primates. I don't cook my fruits, so you may also call this "raw vegan". I have eaten virtually every food item and major cultural style on this planet. I have experienced long periods of many different diet regimens: acid/alkaline, ketogenic, vegan, etc. In my spare time as a child, and an adult, I truly relished reading articles, books, and research papers on nutritional observation. I also enjoy and frequently practice long periods of juice fasting, water fasting, and dry fasting.
Thank you for reading, upvoting, tipping, and re-steeming!
Robert Genito
Steemit | Instagram | Twitter | Facebook are all @robertgenito
Excellent article and mimics my thoughts on the ecosystem. Maybe all except for litecoin lol
hah. yes, indeed... :) Litecoin's persistency shows that they don't need to innovate to become a leader. It's very true...look at Google!
Good stuff. Totally agree @RobertGenito :-)
Just recently a friend of mine sent $50 BTC to someone and it cost him like $20 to do so and took forever to settle. Not the same with Bitcoin Cash, DASH and LTC amongst other players.
ZAP Oracles and UnikoinGold are two others I believe have a lot of upside potential from these current levels due to utility and the teams behind them.
Yes I have some holdings in these! Especially Dash, Litecoin and Steem! (Also EOS which you didn't mention)... Even though much of it has dropped over 50%, I'm holding and may buy more when it seems the market has totally dropped. HODL!
Thank you for the comment! While I did mention EOS, it's too early (too speculative) with them to really say what they bring to the table.
It's just a beginning...more things to come on the way for our crypto journey, I am also holding n' some IOTA.
More correction will be there on the Bitcoin once it mines the last Bitcoin out of 21 million.
Miners will only make for conforming transactions once it reaches the peak and more new things will evolve.
Yes! We need to diversify now @robertgenito
Thanks~
You are very welcome! And thank you for popping in here :) Before I put IOTA on a “lookout list”, I want to know the story behind the IOTA foundation “lying” about Microsoft being involved...
I wasn't sure about that Microsoft Lying... I will really do research on that :)