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jjawssd | 8 years ago

I think the big question here is what the crash will settle at for the big 3: BTC/ETH/LTC. Thoughts?

discuss

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wsc981|8 years ago

I believe BTC is here to stay, due to it being some form of "backing" currency for all other crypto currencies. I guess one could claim the same for ETH, since it's used for many ICOs.

But apart from that I am not sure what the future of ETH or LTC will be. To me it seems some adaptations of ETH have a much clearer use-case and therefore are likely to raise a lot in value in the future. One of the ETH based coins that I really believe in is OmiseGo[0] (OMG) which will bring banking capabilities to many people that currently don't have a bank account.

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[0]: https://omisego.network

zodiac|8 years ago

How is eth "backed" by btc?

bsdnoob|8 years ago

Why not Monero?

jjawssd|8 years ago

Simply to limit scope because Coinbase does not support Monero.