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The challenge/insight for the cryptocurrency world in this round is that altcoins have been debunked.

CN
Lanli
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1 year ago
AI summarizes in 5 seconds.

The challenge/insight for the cryptocurrency world this round is that altcoins have been falsified.

Even Ethereum, with its prominent features, hasn't reached a new high, and other altcoins are mostly losing more than they gain. So what’s the point of playing in such a casino?

The good side might be that more people will focus on allocating Bitcoin, while the bad side is that some people might leave and never return to the crypto space.

Of course, I’m not very certain about the conclusion of "falsification," and who knows what might emerge in the next round? But one thing is for sure: it definitely won't be what we currently refer to as defi/meme/rwa/ai, what exactly it will be? We don't know.

Let’s make an unreliable top-down inference. Blockchain has two major advantages and one significant disadvantage compared to traditional finance:

  • (Basically) irreversible
  • High degree of automation
  • The disadvantage is that it requires fees (this should be avoidable - dapps should be able to pay for users).

So what can effectively utilize the former advantages while avoiding the latter disadvantage?

Payments sound very fitting, but payments require someone to actively establish a network, similar to how Alipay promoted QR codes with ground teams back in the day, so payments are not very reliable. Unless x does payments? That’s a possibility. But what would x support for payments? BTC? DOGE? USDT?

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