The main reason I'm beginning to save in Cryptocurrencies (Bitcoin, Monero, and ZCash, etc.) more, and more is because of Yotta.
I can't trust the banks anymore.
Discussion
Why are you using different blockchains?
Bitcoin for gains, Monero for Peer 2 Peer, & CakePay, and ZEC for Flexa.
Wow, that's a lot. Are you doing so much peer to peer that you need to keep a privacy coin?
I have no idea what ZEC or flexa are
I mean, my intent is to live in a crypto world, so yes, I am spending, and replacing.
So far Bitcoin has the most adoption but to me has been a nightmare everytime I use it.
I fear about my block being orphaned/rejected, or stuck in Blockchain purgatory for a long time, luckily that hasn't been the case so far but the fact those fears exist in the first place should concern any Bitcoiner.
For me, the average settlement time is about an hour with onchain, and I do medium to high fees, or whatever is recommended by the platform I'm using just so I can guarantee those fears don't happen.
These are all valid concerns. I had a transaction hang for 6 weeks, it was a utxo consolidation so no real hurry. I noticed that you don't have lightning address setup, are you only transacting on chain? How often?
I've used Bitcoin about 10 to 20 times in the past three years, and Monero about 30 to 80 times in the past three years.
I started off as someone using Bitcoin but I've been through different phases.
Before I mined it on an old laptop around 2014 to 2016 (Mining broke the laptop so I didn't get much) then I tried trading crypto around 2018, and lost about $300 on that then around 2021 I started learning about Cryptocurrencies, and peer to peer, I used Bitcoin a few times, and was teaching my friend how it worked until he did some research overnight, and told me about an app called Cake Wallet, and a Cryptocurrency named Monero, where my crypto learning journey really shot off.
Three years in, and I'm trying to be more open minded to alternative Cryptocurrencies to see what has validity, and what is a useless project.
#Bitcoin only for saving. You’re welcome.
If you really wanted to use the others, why wouldnt you just convert your Bitcoin to monero at the time you need to use it?
Anything not in Bitcoin goes down when prices in Bitcoin.
Swapping from Bitcoin to other currencies takes about an ~1+ hour, and fees, on top of the settlement time, and fees of the currency I'm swapping into.
Whereas having different currencies natively reduces this down to 15 to 20 minutes with native privacy maintained, and low(er) fees.
This could be true more so of other currencies like BCH, Litecoin, XRP, etc. but I haven't used them enough to say on those ends.