Quote:
Originally Posted by crucifissio
it is not even a competition...bitcoin is for gamblers, stablecoins are for business...nobody is going to read whitepapers...customers want hassle free payments and merchants want what is easiest for customers and converts more...
if I had to do biz with bitcoin I would go under...but Paypal and credit card absolutely rock...If you want to stay in biz you accept what the customer uses...libra will be popular and as long as I can cash out to a bank account I do not need whitepapers...
|
You're right, there is a market demand for both types.
Altcoins/Libra/etc, where things are easy, things are simple, things are sometimes insured, the only problem here is, you must trust a centralized authority to make decisions that may effect you down the line. That centralized party will always become corrupt if they become too big and powerful. With power comes corruption. So by investing/using these tokens/services you are contributing to what will become a corrupt system.
Bitcoin is for people who do not want to be dependent on 3rd party to call shots
(ie: chain reorg, partnerships, etc) centralized entity is also a central point of failure.