I'm super interested in bitcoin and cryptocurrencies. I just recently bought my first bit of bitcoin a few weeks ago and can't stop talking about it with all my family and friends. So I was having dinner last night with my dad, and of course, the conversation of bitcoin and cryptocurrencies came up.
He's from the traditional finance world, so naturally, he's a sceptic of the entire cryptocurrency market. He understood the value proposition of bitcoin, as a digital storage of value that the government can't seize. Essentially, peer to peer internet money, that can be transferred to anyone on the internet without the necessity of a middle man.
But he kept asking me, what about all these thousands of other cryptocurrencies? What value are they creating? If the blockchain and these cryptocurrencies are going to be so revolutionary, where is the adoption? Where are the real-world use cases? And he kept asking me to name a single cryptocurrency that is generating revenue?
Tbh, I was kind of stumped. Anyways, I was hoping reddit could help me come up with some examples of cryptocurrencies generating revenue and gaining real-world adoption?
So the next time, I'm at dinner with my dad, I can defend all of these thousands of cryptocurrencies.
tl;dr new bitcoiner here. dad says bitcoin makes sense, but the rest of altcoins are useless and nothing revolutionary. asked me to find some examples of altcoins generating revenue and gaining real-world adoption?
edit: Seems like many questions are answering revenue generation for BTC. I am specifically asking for altcoins.