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Topic: My mother's a psychic, here's what she says about BTC - page 2. (Read 5547 times)

legendary
Activity: 1176
Merit: 1010
Borsche
I must be psychic too, because I concur Smiley

Do you even understand that your examples are all services? You can switch to another service in seconds and the cost of doing so is nearly zero. However, ipv4 had a first mover advantage against other packet transfer methods, inclidung vastly superior ipv6. That is the analogy that anybody who understands anything about bitcoin would make. You don't, so really, just go somewhere for 5 years.

The best analogy I can think of is: Bitcoin is like UUCP, which was invented in 1978 and was actively used for 20 years, then when TCP/IP Internet got popular, UUCP usage dropped, but one of the last legacy UUCP services was shut down only in 2012, although very few people used it since 2000.

Bitcoin now is like UUCP in 1994 when PPP connection protocol was standardized. It can still grow, but not at its prior rate, and new emerging protocols and technologies are on the rise to make it obsolete within a few years. Or even faster than that, as the time it takes to develop technologies has contracted, as numerous examples of late show.

How about this analogy?

Little better, but still misses the point. UUCP to TCP/IP is like Mastercoin is to Bitcoin - a higher level file exchange protocol on top of IP, replaced by FTP or bittorrent now. The underlying protocol, the one whose packets all routers are passing around, did never change and is being painfully upgraded for like 20 years now to overcome deadly limitations in the original implementation. Because infrastructure made tons of assumptions about tcp.ip, much like alot of assumptions about Bitcoin being the main crypto has been already made and are added daily. With each passing day it is less and less likely that bitcoin will ever be replaced by something else.

It will be extended (because it is quite extendable), modified, sure. But the bitcoin blockchain is here to stay and be the main point of reference for a trusted ledger, deal with it.
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
This thread...now I have seen it all  Grin
legendary
Activity: 1176
Merit: 1000
You should rather get job as a physic, if you inherited some gift from your mother, then as troll.

Weren't you listening? He doesn't have an agenda!
legendary
Activity: 2730
Merit: 1288
You should rather get job as a physic, if you inherited some gift from your mother, then as troll.
sr. member
Activity: 336
Merit: 250
In other words you don't know of any alts with meaningful new qualities.

I do. Check my posts history if you're interested.
legendary
Activity: 2268
Merit: 1278
What do any of the newer alt coins do that bitcoin does not? What evidence do you have that any alt coins whatsoever are gaining ground on bitcoin? I guess half a billion dollars of VC funding didn't get the memo Smiley. Anyway bitcoin isn't even the first electronic cash system to exist.

I am not so much referring to altcoins, as to crypto 2.0 technologies, which are much more than coins. They do quite a lot, you should do your own research and try them, I can't tell you. For one, it would be considered pumping by some, but also, you need to actually experience yourself, as well as look for evidence. I have plenty of evidence, but again, don't want to pump any certain technology here.

VCs can be biased or make mistakes, like any other human beings. If you google the stats, you will learn that most of the ventures VC invest into fail, very few of the ventures succeed, which hopefully compensate for the losses in failed ventures.
In other words you don't know of any alts with meaningful new qualities.
full member
Activity: 164
Merit: 100
I have this information since spring this year, don't ask me for proof as I won't give any.
You don't need to be psychic to realise that Bitcoin may not be the dominant crypto in the distant future.

As for no more bubbles... she is wrong I am afraid.

Source: my Gran.

Why it wouldn't be the dominant crypto in the distant future, tho?
What is Bitcoin doing wrong that another coin would do better?
Thats what should be asking, not some psychic stuff.

It has nothing to do with being better. The Crypto community can't even reach consensus on what units to use for smaller amounts of Bitcoin, no sign of bits or millibits or whatever gaining any transaction in the industry. In what situation do you see coinbase, circle, bitpay, bitstamp etc all replacing Bitcoin with an altcoin, how would they all reach consensus on one of the 100s out there. How long would it take? what percentage of Bitcoins market cap would this other coin have to have for this to even be considered, I reckon it would have to have exceeded it.

If that's your fear, just hodl Bitcoin. If any other coin gets to 1/4 market cap of Bitcoin move 1/4 of your Bitcoin worth into it and you'll have as much of that as you did of Bitcoin. Something like this would take months if not years to happen, you'll have plenty of time to switch and it's a stupid reason not to hodl Bitcoin now.
sr. member
Activity: 336
Merit: 250
What do any of the newer alt coins do that bitcoin does not? What evidence do you have that any alt coins whatsoever are gaining ground on bitcoin? I guess half a billion dollars of VC funding didn't get the memo Smiley. Anyway bitcoin isn't even the first electronic cash system to exist.

I am not so much referring to altcoins, as to crypto 2.0 technologies, which are much more than coins. They do quite a lot, you should do your own research and try them, I can't tell you. For one, it would be considered pumping by some, but also, you need to actually experience yourself, as well as look for evidence. I have plenty of evidence, but again, don't want to pump any certain technology here.

VCs can be biased or make mistakes, like any other human beings. If you google the stats, you will learn that most of the ventures VC invest into fail, very few of the ventures succeed, which hopefully compensate for the losses in failed ventures.
legendary
Activity: 1176
Merit: 1000
I must be psychic too, because I concur Smiley

Do you even understand that your examples are all services? You can switch to another service in seconds and the cost of doing so is nearly zero. However, ipv4 had a first mover advantage against other packet transfer methods, inclidung vastly superior ipv6. That is the analogy that anybody who understands anything about bitcoin would make. You don't, so really, just go somewhere for 5 years.

The best analogy I can think of is: Bitcoin is like UUCP, which was invented in 1978 and was actively used for 20 years, then when TCP/IP Internet got popular, UUCP usage dropped, but one of the last legacy UUCP services was shut down only in 2012, although very few people used it since 2000.

Bitcoin now is like UUCP in 1994 when PPP connection protocol was standardized. It can still grow, but not at its prior rate, and new emerging protocols and technologies are on the rise to make it obsolete within a few years. Or even faster than that, as the time it takes to develop technologies has contracted, as numerous examples of late show.

How about this analogy?

What do any of the newer alt coins do that bitcoin does not? What evidence do you have that any alt coins whatsoever are gaining ground on bitcoin? I guess half a billion dollars of VC funding didn't get the memo Smiley. Anyway bitcoin isn't even the first electronic cash system to exist.
sr. member
Activity: 336
Merit: 250
I must be psychic too, because I concur Smiley

Do you even understand that your examples are all services? You can switch to another service in seconds and the cost of doing so is nearly zero. However, ipv4 had a first mover advantage against other packet transfer methods, inclidung vastly superior ipv6. That is the analogy that anybody who understands anything about bitcoin would make. You don't, so really, just go somewhere for 5 years.

The best analogy I can think of is: Bitcoin is like UUCP, which was invented in 1978 and was actively used for 20 years, then when TCP/IP Internet got popular, UUCP usage dropped, but one of the last legacy UUCP services was shut down only in 2012, although very few people used it since 2000.

Bitcoin now is like UUCP in 1994 when PPP connection protocol was standardized. It can still grow, but not at its prior rate, and new emerging protocols and technologies are on the rise to make it obsolete within a few years. Or even faster than that, as the time it takes to develop technologies has contracted, as numerous examples of late show.

How about this analogy?
legendary
Activity: 2268
Merit: 1278
I would be singing a different tune if Bitcoin had 10 or 20 million users but doesn't.  Bitcoin pioneered the initial innovation but the torch is slowly being passed to the 2.0 coins.
This is an empty statement. Provide some relevant numbers or at least some kind of logic to justify your opinion.
legendary
Activity: 1176
Merit: 1000

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally.  It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.


AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.

The first mover advantage would make sense in context if Bitcoin had large numbers of users.  Bitcoin is only estimated to have 500K-2M users..

I would be singing a different tune if Bitcoin had 10 or 20 million users but doesn't.  Bitcoin pioneered the initial innovation but the torch is slowly being passed to the 2.0 coins.


It is the underlying bitcoin network that gives bitcoin its network effect not simply the number of users. No altcoin is currently even close.
hero member
Activity: 756
Merit: 506

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally.  It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.


AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.

The first mover advantage would make sense in context if Bitcoin had large numbers of users.  Bitcoin is only estimated to have 500K-2M users..

I would be singing a different tune if Bitcoin had 10 or 20 million users but doesn't.  Bitcoin pioneered the initial innovation but the torch is slowly being passed to the 2.0 coins.
legendary
Activity: 1232
Merit: 1000
I have this information since spring this year, don't ask me for proof as I won't give any.
You don't need to be psychic to realise that Bitcoin may not be the dominant crypto in the distant future.

As for no more bubbles... she is wrong I am afraid.

Source: my Gran.

Why it wouldn't be the dominant crypto in the distant future, tho?
What is Bitcoin doing wrong that another coin would do better?
Thats what should be asking, not some psychic stuff.

Any good features in an altcoin could be quickly implemented in bitcoin as well...
hero member
Activity: 672
Merit: 502
I have this information since spring this year, don't ask me for proof as I won't give any.
You don't need to be psychic to realise that Bitcoin may not be the dominant crypto in the distant future.

As for no more bubbles... she is wrong I am afraid.

Source: my Gran.

Why it wouldn't be the dominant crypto in the distant future, tho?
What is Bitcoin doing wrong that another coin would do better?
Thats what should be asking, not some psychic stuff.
legendary
Activity: 1176
Merit: 1010
Borsche

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally.  It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.


AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.

Do you even understand that your examples are all services? You can switch to another service in seconds and the cost of doing so is nearly zero. However, ipv4 had a first mover advantage against other packet transfer methods, inclidung vastly superior ipv6. That is the analogy that anybody who understands anything about bitcoin would make. You don't, so really, just go somewhere for 5 years.
legendary
Activity: 1176
Merit: 1000

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally.  It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.


AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.

Well I would quite like to ask your mum the lottery numbers next week just in case..
full member
Activity: 210
Merit: 100

Paypal integrating bitcoin as justification for future success and price rises is wishful thinking? Not sure I agree with you there.

Of course crypto 2.0 coin could rise up and win the race. But as it stands bitcoin has a huge first mover advantage, huge network effect advantage and is the only crypto being built into internet payment systems globally.  It may fail but its upside potential are undeniable.

To say it has reached its potential as we are on the cusp of going mainstream, with huge VC infrastructure investment ongoing, suggests you either sold already or cannot handle the volatility of a long term bull market.


AltaVista had first mover advantage against Google, MySpace had first mover advantage against Facebook. Nokia had first mover advantage against iPhone. I see that everyone here believes what they want to believe and opinions catering to personal biases are favored, others dismissed.

I won't post here again. I have no agenda, just posted the message. Do what ever the fuck you want.
newbie
Activity: 30
Merit: 0
The concept will stay but BTC specifically will be replaced "by better stuff", I should sell before new year because the price will keep declining and there won't be any more bubbles. She has no idea there are other coins or better coins.

I have this information since spring this year, don't ask me for proof as I won't give any. Don't ask why she didn't tell me to buy it in 2010 either - she never did, I got involved myself and asked her what she thinks. I doubted but certain other things in my life followed the prediction to the letter and based on that I turned extremely bearish.

We can revisit this after new year, I'm serious and not trolling.

Yawn.. guys, just go take a read through his previous posts (via his profile) and his agenda will be clear as day.

Don't feed the trolls.

If his mother was psychic, he wouldn't need to be this vested.
legendary
Activity: 1176
Merit: 1000
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