Im Surprisd btc still alive - page 6.

Stalker22

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Quote from: cryptoboss2020 on May 24, 2021, 07:36:51 AM

Bitcoin has no utility, show me the utility? Real use Case?
At least ETH is the blockchain for usdt.

You just proved how ignorant you are. The first tokens for Tether, originally called Realcoin, were issued on the Bitcoin blockchain using the Omni Layer Protocol.
Ethereum is not a blockchain for USDT, but USDt-ERC20 is just another version (second edition, if you will) of the same cryptocurrency. Just like the tokens issued on EOS, Tron, Algorand, SLP and OMG blockchains.

Therefore, the next time you wanna say something stupid, at least make sure you know what you're talking about.

cryptoboss2020

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Quote from: the rise on May 24, 2021, 09:30:10 AM

Bitcoin is still alive because it has a very strong community, maybe some news can make bitcoin drop, or some companies can manipulate the price of bitcoin, but the community can not be destroyed or manipulated there is always support for bitcoin, as long as it will continue to live.

Lol strong community Don't make the price go up or down.
Whales comes and done price up or down dump.

Without fiat currency nothing to do with btc at the moment if u want to buy something u need to convert in fiat.

the rise

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Bitcoin is still alive because it has a very strong community, maybe some news can make bitcoin drop, or some companies can manipulate the price of bitcoin, but the community can not be destroyed or manipulated there is always support for bitcoin, as long as it will continue to live.

fiulpro

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Quote from: cryptoboss2020 on May 24, 2021, 06:59:31 AM

There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.

Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.

So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.

So to Say to take money from people and scam them.

As I see , you have 308 activity that does mean you have been on this forum long enough to examine the whole development of Bitcoins closely. You should know that the reason Bitcoins is alive is not because of Whales or influential people but more than 50% is actually with small Investors. In the remaining 50% there are many people like :- Mr. Satoshi or even people whose wallets they lost at one point so they are like long term stable investors... Therefore the Volatile whales that you are considering might be controlling a big part but not whole. It's alive because a lot of people believe in it and are working well in the same. I personally was not able to find any job that can go well with my studies then back in 2014 my friends got me engaged in Bitcoins and then I joined the forum in 2016. It's been years and even if I have a stable job I will continue to work with cryptocurrencies especially Bitcoins. It's not about dominance. It's also about the trust in the community.

ETH is definately good in some aspects but at the end of the day it's not a race and I do think you know that ETH and BTC have more of a synergistic relationship.

BlackHatCoiner

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Quote from: cryptoboss2020 on May 24, 2021, 07:36:51 AM

Bitcoin has no utility, show me the utility? Real use Case?

What part of the whitepaper don't you get? I can transfer value oversea with no third party required.

bitmover

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Quote from: cryptoboss2020 on May 24, 2021, 06:59:31 AM

There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.

I really love to pay 50 usd per transaction, while I can pay 0.30 using bitcoin.

Vitalik's blockchain, the decentralized" cryptocurrency that has a CEO, has only 4000 full nodes. While bitcoin has hundreds of thousand nodes.

Do you know why Ethereum has only 4k nodes? But it is incredible expensive to run one, and basically only AWS and Google are able to run one.

Quote from: cryptoboss2020 on May 24, 2021, 07:36:51 AM

Bitcoin has no utility, show me the utility? Real use Case?
At least ETH is the blockchain for usdt.

USDT runs on bitcoin as well. Actually, USDT first implementation was in bitcoin blockchain (omni layer, which is the platform to run tokens in bitcoin blockchain)

https://academy.binance.com/en/articles/what-is-tether-usdt

Quote

USDT was originally issued on the bitcoin protocol through the Omni Layer, but it has since then migrated to other blockchains as well. In fact, as you can see on the chart below, most of its supply exists on Ethereum as an ERC-20 token. It’s also issued on several other blockchains, including TRON, EOS, Algorand, Solana, and the OMG Network.

zanezane

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That's cause there are a lot of people that are still using it in the market and it has the utility to back it up. Not to mention that bitcoin is already proven to be used as a means of payment for a transaction with the 10k Pizza as the first evidence.

ranochigo

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Quote from: cryptoboss2020 on May 24, 2021, 07:36:51 AM

Bitcoin has no utility, show me the utility? Real use Case?
At least ETH is the blockchain for usdt.

I've been using Bitcoin for quite a few of my payments for servers, Bitrefill, etc. LN has more unrealized potential and it depends on the willingness of adoption for it. Bitcoin has more projects which enhances the capability of it and it is fairly convenient as a store of value as well.

It is extremely myopic to be assuming that the market only has the capacity to accommodate for one coin. Just because you think something else is better in certain way doesn't mean the other coins has to be eliminated; there isn't any point for that and wouldn't encourage any innovation. Thinking Bitcoin is kept alive solely by some very rich people is baseless, I think you're thinking about DogeCoin instead. Most countries have been making policies tailored to crush Bitcoin and it has survived them pretty well

.

brainactive

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Quote from: BlackHatCoiner on May 24, 2021, 07:32:39 AM

How can you compare this thing with Bitcoin since they both solve different problems?

BTC is a store of value and that's it. ETH is trying to solve different problem (and therefore has use cases they BTC doesn't) and it can also be a store of value especially with the new EIP and 2.0 making it deflationary. What is the rationale for choosing something with only a store of value when there is something that does the same thing and more?

cryptoboss2020

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Quote from: BlackHatCoiner on May 24, 2021, 07:32:39 AM

Quote

Im Surprisd btc still alive

I am, on the other hand, surprised that you believe it shouldn't be.

People tend to compare Bitcoin with other cryptocurrencies based on their technology. While it is important to support what may be technologically better for you, people like this guy forget an additionally important element of a cryptocurrency. Its behavior in the market.

I'll put aside nullius's Social Phenomenon and the fact that Bitcoin is the first mover. Let's talk about the whales! Yes, that's right, the whales. A researcher of cryptocurrencies should know that besides the technological part, it's about the market after all. If we assume that a crypto has more efficient functionalities and it's better on every single way than Bitcoin in terms of technology, but 50% of the coins are owned by whales, would you still believe that it could replace Bitcoin?

Bitcoin started as an experiment and it's unique, because the coins weren't firstly distributed to whales. If a new coin came up, that was actually “better” than Bitcoin on a global scale, it couldn't have chance to compete it, because it'd quickly have whales!

BTW, I don't know any creators that mined around 4% of the system's coins and left them untouched.

Quote

ETH is one of biggest.

How can you compare this thing with Bitcoin since they both solve different problems?

Bitcoin has no utility, show me the utility? Real use Case?
At least ETH is the blockchain for usdt.

BlackHatCoiner

legendary

Activity: 1512

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Farewell, Leo

Quote

Im Surprisd btc still alive

I am, on the other hand, surprised that you believe it shouldn't be.

People tend to compare Bitcoin with other cryptocurrencies based on their technology. While it is important to support what may be technologically better for you, people like this guy forget an additionally important element of a cryptocurrency. Its behavior in the market.

I'll put aside nullius's Social Phenomenon and the fact that Bitcoin is the first mover. Let's talk about the whales! Yes, that's right, the whales. A researcher of cryptocurrencies should know that besides the technological part, it's about the market after all. If we assume that a crypto has more efficient functionalities and it's better on every single way than Bitcoin in terms of technology, but 50% of the coins are owned by whales, would you still believe that it could replace Bitcoin?

Bitcoin started as an experiment and it's unique, because the coins weren't firstly distributed to whales. If a new coin came up, that was actually “better” than Bitcoin on a global scale, it couldn't have chance to compete it, because it'd quickly have whales!

BTW, I don't know any creators that mined around 4% of the system's coins and left them untouched.

Quote

ETH is one of biggest.

How can you compare this thing with Bitcoin since they both solve different problems?

cryptoboss2020

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There is many More better blockchains with much better use Cases and utility.
ETH is one of biggest.

Btc is still alive only reason for that is some very powerful and influenceal people want btc to be alive there is no use Case no utility other then speculation even to Move dark money btc is not good even to make Transactions between companies not good.

So I guess btc is alive only that some big important rich person Can speculate and dump btc on poor suckers.

So to Say to take money from people and scam them.

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