Learning about Crypto is something that truly fascinates me. Some individuals want Crypto to be controlled and supported, while others want it to remain decentralized. Some people, for example, prefer a cryptocurrency like Tether, which is purportedly backed by the US dollar. Others, on the other hand, enjoy the way Bitcoin operates. Both have their own set of drawbacks and benefits. Which one do you prefer, and which do you believe provides the most value to users? Please wait for your responses. Don’t forget your reply would allow you to enter a chance to win $50.00, let’s goooo! The draw will close at 11pm EST.
At this moment, BTC is really useless in the outside world as only a few merchants accept it. Most people usually convert their BTC to fiat for daily use so right now, sadly Tether is the most useful. Perhaps one day BTC will be more widely accepted.
Even though btc can have 5% swings in a day it is established and trustworthy. Tether is backed by the dollar, but not as well known or widely used. So I’ll stick with btc and real dollars for now.
I think it is important that crypto as a whole should be decentralized. By doing so there is more freedom and potential for a newer, more viable crypto to emerge. Neither BTC or Tether have any longevity, but are good stepping stones. Ethereum is by far better, and has many avenues of a crypto that can be a day to day crypto.
It terms of comfortability, my response would be bitcoin, as the future could return a high reward regardless of contribution. I have heard good things to come potentially with ethereum, but unfamiliar overall. That said, bitcoin is the preference in regards to crypto.
