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RE: The Fate and Future of Bitcoin: The Bankster’s Battle for Control
Without any fraction of doubt "Bitcoin" is the digital gold...Just like printing fiat currency depends on country's gold deposits, developing new crypto-curreny or launching an ICO is based on Bitcoin as reserve.... Buying any crypto-currency requires Bitcoin, there is still no crypto that can instantly convert from fiat to cryto-currency, Bitcoin is the only gateway to enter crypto world, so treat Bitcoin as store value not as instant payment gateway.
Not true. It may be true for USD in USA. But its otherwise not true. Both Litecoin and Bitcoin Cash can be bought with fiat in various exchanges. And some other altcooins can be gotten with fiat too here and there.
Bitfinex is trading some 20+ cryptos for USD and Bithumb sells all its cryptos for Korean fiat. and the Norwegen exchange I use trades BTC, LTC and BCH and is working on offering more altcoins.
And Kraken trades various coins to both USD and EUR.
I used cex.io with USD from my debit card to buy Bitcoin Cash BCH.
Too bad Kraken reduced the trading of a few. It used to be possible to buy EOS with euro. Now it requires to first buy ETH or BTC to be able to buy another token. They argumented it was because they've noticed the option of trading euro directly with EOS wasn't much used but I found that very doubtful.
Coinbase sells BCH, LTC, and ETH as well as BTC. There aren't any ICO's as far as I know that are exclusively bitcoin. Most use ETH with many others using Waves. BTC doesn't really have any advantage anymore except first mover. And we know how well that advantage works out in the long term...
I also got Ethereum with my debit card using USD on cex.io
It is also not true in the USA Bitcoin, Litecoin and Etherium can all be purchased with fiat.