All coins are fighting to be the alpha dog: Bitcoin.
But wait, what about a coin backed by precious metal.
Amazon might allow payment in bitcoins or even launch their own coins... but who cares? Who would buy an item with bitcoins when it can increase in value by 5% the next day?
So the idea of a coin backed by precious metal is more stable and thus more usable?
Even Tesla thinks its a joke to buy a depreciating asset like a car with bitcoins....
Anyway just food for thoughts...
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