Topic: Is it just me or do the smartest people all still support bitcoin? - page 2. (Read 385 times)

   Yeah, this confirms my suspicion. There seems to be a lot of good minds behind ethereum, but also a lot of very greedy people who don't care much about the 'greater good' as Satoshi and many bitcoin devs seem to.

If you look and compare the different teams behind Bitcoin and other Alt coins, then you will realize that the smartest people are still contributing to Bitcoin developments. Some of these Alt coins bring no new innovation and are merely a Copy&Paste job from the original Bitcoin model.

SegWit and the Lightning Network looks pretty solid, but Bitcoin Cash and other forks looks rushed and unorganized. ^hmmm^

Many people still supporting bitcoin...it is obuse in its price...it people not not supporting bicoin i think bitcoin is no longer exist...so still bitcoin is a good source of income for us

Well as you have said, they are smart people. So supporting bitcoin is wise than supporting alts.
Well, I have no doubt. Expert users and supporters would probably know what will be the best way to invest, and how do things work here.
Of course those geniuses will have to explain to other users in a simple way and terms for us to understand.
I do hope that these supporters will continue and will not get tired of sharing thoughts and trends to us.

I don't know whether I am one of the smartest people or not but I will keep supporting bitcoin rather than any other alts controlled by a small group of people like ethereum foundation holding large stakes of ETH. There are several ICOs raising funds with big promises without any working prototype and real life solution and most of them will keep postponding dates for updates written in their initial whitepaper because they will spend majority of those funds from ICO for their own entertainment and go for vacation.

On the other hand bitcoin don't have any foundation or group of people controlling all developments but as bitcoin dev/user community is quite big there is lots of debate which make it hard to implement even a small changes like increasing block size, adding possibility to have smart contract over bitcoin chain etc.

I agree. I think a majority of the world probably sees it that way considering Bitcoin is the highest price coin. I don't think all these altcoins are worthless though. I believe that they push Bitcoin to be greater. It is weird though how people are like "Etherium will over take Bitcoin" and "Bitcoin Cash is soooooo good. The price is dropping like crazy, because people are realizing it is garbage, but OMG it is soooo fast and decentralized. It out-decentralizes Bitcoin."

I think some of these people get off on themselves with going-against-the-grain-feel-good emotion. So much to the point that they've convinced themselves it is a good investment decision.

Okay, Ethereum they may be able to make an argument. BCH is just a joke though.

I'm with you too. Bitcoin is supported by the people of crypto that know about the technology. The creator of Ethereum probably is a genius and they probably have brilliant people working behind it too.


Hey, I heard dogecoin has great potential.    

I'm just going off the rough feel of people's knowledge and acuity based on posts on here, no standardized quantified measures. There are problems with standardized tests anyway.

     I mean that Satoshi was focused on challeging problems with the world economy, and so many of the newer generation are focused on business or technology. I  believe it is still possible to use blockchains to disrupt the global economy, but it is necessary to build incentives in to disrupt particular structures.

You can't really quantify how smart a person is, though, unless you use rough metrics like IQ tests. This is largely subjective. I would say there are smart people who are against Bitcoin, and there are smart people who are for Bitcoin.


I agree. It's because Bitcoin is a pioneer, and I don't think anyone even Satoshi predicted it would be used the way it is used today. It was simply meant for transactions with no reliance on trust. Satoshi wanted to change the world, and he did.


I think it's a little unfair to expect altcoins to revolutionize the economic landscape the way Bitcoin did. Bitcoin already revolutionized it. Altcoins, which are basically created in the same vein, can't do much more in this aspect. Instead they're trying to improve in ways they believe Bitcoin falls short.

     When I catch glimpses into what is going on in the crypto world, it really seems like bitcoin advocates are still generally the smartest people.
 
   Ethereum seems to have so many issues, and a lot of its hype seems to be that Vitalik Buterin is a genius, all these brilliant developers are working in it, etc.

     But there seems to be a lot of emperors new clothes stuff going on. There seem to be major and repeated issues. When I look at the bitcoin whitepaper, it's pure concepts- no marketing hype, no gimmicks trying to make it look like the next big thing.

      A lot of these altcoins seem to be trying to capture the power of bitcoin and get rich off of adding some gimmicks that promise the unwitting that it is better than bitcoin.

   Why is solidity or ethereum better than bitcoin? Can't a basic permissioned client run contracts embedded in metadata on the bitcoin blockchain?

    When I read posts on here, my impression is that the best minds are still behind bitcoin. And my impression is that the greediest minds that are trying to act like the best minds are behind most of the altcoins. Whenever people challenge this, the discussion never gets too technical.

    What sold me on bitcoin was the conjunction of the economic and the technical. Basically all altcoins seem to focus on problems that are simply not as problematic as those that bitcoin strove to solve. All the altcoins seem to be focusing on technical aspects, but none revolutionizes the economic picture the way bitcoin did.

   Feel free to prove me wrong.