But it is not growing. Nobody is going to take a meme coin seriously and you expect some major brands or companies are going to accept some dogecoin?
This argument applies equally to Bitcoin.
The only reason it looks as if it doesn't is because we are like wee sardines in a tin and there's one big sardine in it. Meanwhile out in the "real world" they're dining on whale, squid, haddock, shark, cod, ling and sole.
From out there, all the sardines are still in the tin and they all look the same.
Altcoins aren't sardines, they are parasites leeching off the one sardine. (bitcoin)
Mass adoption in Bitcoin as a store of value will lead to niche market adoption of alts as currencies because bitcoin simply isn't remotely equipped to serve as a currency on a day to day basis for many markets.
For a start, it's not stable against fiat - some alts are. It's slow as f*ck to confirm - some alts are fast. It's expensive and deflationary if you need a lot of liquidity - many alts are not. It doesn't natively support digital assets - some alts do. With bitcoin there's no transaction privacy - with some alts there is.
Why do you keep repeating this broken argument? Do you think that it will make sidechains go away?
Confirmation time - sidechains can have instant confirmations.
Digital assets - sidechains ALREADY does this. It's called Counterparty.
Anonymous transactions - sidechains can easily do this.
I get it, you love get rich quick schemes and sidechains is going to ruin that niche for you. But please try to come up with a better argument than "sidechains can't work because I said so".
The world financial system is a huge place. It never has and never will been able to function with only 1 form of money or 1 currency. With the arrival of digital currencies it's only going to diversify.
"The world of information is a huge place. There will never be 1 internet protocol." - toknormal
Nice market astrology you got there. I too can make things up about graphs.
