another? And will there be more centralized services involved than P2P networks?Ĭryptocurrency is both a store of value and a means of exchange. Is that what you mean? If so, then who will decide when any one chain gets used vs. Meaning, that they’ll be using blockchains without assets involved. When you said that when crypto is widely used, people won’t even know that they’re using it, to me, that sounds like people won’t be aware of crypto assets as an asset class. Plus, you can’t compare cryptocurrency marektcaps with businesses. So you can’t compare that to Visa, which is not a store of value. Litecoin is both a store of value and a payment method.
01% the number of transactions Visa does per day, whereas Litecoin’s market cap is 1% of Visa’s? There are dozens of coins as old or even older than Litecoin that have a small marketcap today.Īnd does the $5 billion market cap make sense when Litecoin is only doing 25,000 transactions a day, which is. So to me, it’s a success because Litecoin’s market cap is 50x what Bitcoin’s market cap was when Litecoin launched.Īge is not the reason why Litecoin has a large market cap. Litecoin was created as a fun side project for me. It all depends on what you consider success is. When you said that Litecoin had been hugely successful because it had a market cap of $5 billion, couldn’t the same logic be used to say Ripple and Bitcoin Cash and EOS have been hugely successful? For Ripple and Litecoin, can’t it be argued that they have large market caps simply because of their age? I sent them to Charlie via email, and he graciously responded. When editing this episode, I noticed a few points where I’d wished I’d asked followup questions.
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