What do you think about alts future? I strongly believe in Eth , because it provides solutions to different problems. Others only copy eth’s idea in order to raise some money. We don’t need 2000+ alts, just 10 and it will be enough. What u think?
As far as we are talking about the financial system as a whole, I think alts future belongs to Stablecoins.
Non-Stablecoins will remain interesting for speculative oriented investors and gamblers, but volatility prevents non-Stablecoins from being used as money on a large, institutional scale.
I keep quoting the passage below because it highlights three main areas for the deployment of Stablecoins
Reasons People Use Stablecoins1. Exchanges: Cryptocurrency traders can reduce their exposure to Bitcoin by selling their Bitcoin for stablecoins. This allows traders to keep their wealth on an exchange without converting back into fiat. This is useful for two reasons. First, many exchanges take days to convert fiat into crypto, which means investors must wait to trade. Second, converting back into fiat means a tax bill is coming soon, since most exchange on- and off-ramps now require KYC-AML.
2. Inflation hedge: People in countries with high inflation and hyperinflation can hold on to stablecoins in order to preserve their savings. Bitcoin is too volatile for most people in Venezuela. Instead, they would prefer to hold onto cryptocurrencies backed by gold or Swiss francs.
3. Interbank settlement: Interbank settlement is a trillion-US dollar industry. Instead of giving away billions in revenue to Ripple, companies such as J.P. Morgan are releasing their own centralized stablecoins backed by fiat in order to settle transactions globally on a permissioned blockchain instead of legacy banking software.
https://ingoldwetrust.report/wp-content/uploads/2019/05/In-Gold-We-Trust-2019-Extended-Version-english.pdfp247