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Replying to Avatar ew0k

I still don’t see compelling use cases for alts beyond art, which bitcoin now has. But I don’t see why other software can’t accrue value, I just have yet to see it on a consumer level.

What’s a major unlock for alts? DAOs? Get scammed by people you don’t know. Lending? I’d rather have any lending yield operated through a centralized bank to have legal recourse tbh. Swapping useless meme coins? Distraction. Digital ID? We live in enough of a privacy dystopia, would never willingly give away all my info. Gaming? Maybe there is something here, but it’s out of my interests as a consumer and although a large market, doesn’t seem *that* large where I’m interested from an investment standpoint.

Besides art, I can see nfts as event tickets, or rewards programs… again not super compelling imo.

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Saberhagen The Nameless 2y ago

Yes, 99% of alts are trash. But there are a handful that are legit. There are many things alts provide that Bitcoin cannot.

Strong default privacy, real world fungibility, extremely cheap transaction fees are just a few. All while remaining non-custodial, permissionless, and P2P.

You can't be good at something you don't specialize in. You also can't be good at everything because each aspect requires trade offs that are mutually exclusive.

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