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STAX PROTOCOL - 🌟 Fair Launching 🔥 💎 Gem - Utility Token First ever staking DAO utility token to compete with OHM & CURVE
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There's something about Bitcoin and its enthusiasts I've never gotten. If we want to praise BTC as an anti-inflation hedge and its decentralized control, why do they never seem to advocate for other cryptocurrencies with similar features? Nano is a pretty good example of a static supply cryptocurrency that is gradually getting further decentralized and has great tx features. If the lack of an incentive based PoW structure is an issue than why not something like BCH or LTC which largely mimic Bitcoin's design but with significant improvements. I can understand the arguments about developer activity and decentralization statistics but both of those are community based and could realistically be flipped if opinions shifted and aren't flaws of the cryptocurrency itself. The only other arguments I can see are existing infrastructure like Lightning or STAX (which can be built for other cryptos), first mover advantage, and the branding. And I only see the latter two's influence diminishing over time.
To be fair I’ve heard of it, it’s possible but not sure if it’ll do what OP specifically wants it to do, check out STAX. They’re doing some cool things with BTC core implementations, eventually I’d imagine BTC would be the most “solid” place for conducting smart contracts for sure considering the L1 is the most reliable chain.
STAX. Put down $100-150. Went up a bit, got a small return. Sold before it pumped. Could have made 10k from $100 on my very first crypto transaction lol
BTC's main usecase is as a store-of-value right? As a medium of exchange it sucks without the Lightning Network and while technically impressive, I'm not a fan of LN's fundamental ideas. So I see BTC as a bank account with a real interest rate due to it's increase in value and scarcity. Now what if I believed in DeFi and wanted to use stablecoins as a store of value? I know we all have issues with the USD here but you can easily beat inflation and not have to deal with BTC's volatility since the USD sucks but is more stable. Than it's a calculation of real returns in the future and what you think will happen to it long-term. I think BTC's reputation and price encourage whales to buy and hold large volumes of it, decreasing its functionality as a currency and centralizing ownership heavily. It also only has bare-bones SC functionality with STAX now and what Taproot/ICP can bring to it. Overall I think it has great security and hype as a cryptocurrency and see it as a good investment but I don't really care for the future I think the project will have on any sort of technical level. If I were to like what BTC was I'd probably prefer its Litecoin/Bitcoin Cash iterations more. I hold a small amount and use a little bit in DeFi/Nicehash mining but I'm not really earnestly trying to get more over other things I consider more useful in the long-term. As bear markets come and I try to accrue more of my wealth together into non-risky plays my tune may change.
Sorry. I should have said "PHAT STAX"
Sorry. I should have said "PHAT STAX"