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Writer's picturet-saeki

I wonder if Bitcoin and Ethereum will take all the appeal of crypto assets as currency and value as

My first exposure to virtual currencies was at BitFlyer.

I don't remember how long ago it was, but at that time, there were only two currencies offered: Bitcoin and Ethereum.


Nowadays, there are quite a few virtual currencies.


I wonder if Bitcoin and Ethereum will take all the appeal of crypto assets as currency and value as

Of course, this is not all. There are already thousands of currencies (plus tokens) in the world. There are too many to count.

Of course, they are created for various purposes, but how many of them have achieved their purpose and are producing results? That's what I'm talking about.


Even now, new currencies are being launched through IPOs, but I think it's time to move on.

Isn't it possible to do almost anything you want with existing currencies (blockchain systems)? After all, there are already countless currencies and blockchains.


So I think it's time for virtual currencies to start thinking about what they can do with existing currencies (and systems).

...but I guess IPOs and the like can be profitable (laughs).


Personally, I think that as Bitcoin and Ethereum are updated, their utility will increase and the number of things they can do will increase, and they will drown out the appeal of other currencies.


If that happens, it will be the first thing that comes to mind when people ask, "What is virtual currency? If this happens, the two most well-known currencies will not only be well known, but will also be easy to use. If this happens, won't companies start to offer their services on Bitcoin or Ethereum?

If that were to happen, wouldn't most of the current currencies lose their significance? It doesn't mean that trading will stop, but I believe that only a few currencies will survive (and continue to increase in value).


For example, the function as a "currency. Some virtual currencies are trying to increase the speed of remittance and make it easier to use for transactions.

Currently, both Bitcoin and Ethereum have high transfer fees and slow transfer speeds.

If this is resolved in a future update or something like that. As I mentioned earlier, there is also the aspect of name recognition, so other currencies other than bitcoin, which has developed as a currency (ease of remittance), will lose their appeal and necessity.


Bitcoin, in particular, has a fixed issuance limit, so its value as an asset will increase.

Ethereum does not have an issuance limit at the moment, but there is talk of setting one in the future, so we can look forward to the future.


Virtual currencies are probably in a period of warfare right now.

Various currencies are battling for life and death. I don't know how long this battle will last, but when it is over, I think it will lead to even greater development.


If you look at the history of legal tender (especially hard currency), you will see that various currencies have appeared and disappeared due to wars, economic collapse, and consolidation, and they have become what they are today.








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