Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 6253. (Read 26709650 times)

The true sign of intelligence is not knowledge but imagination.

Albert Einstein

Internet started as an idea, which later was implemented as ARPANET (which most people nowadays have never heard of).
The idea lives, but it is a collection of myriad of technologies, networks, protocols, cryptography, devices etc..
It's not one thing, it's all of it.
Greatness of the internet is that everyone can use it and benefit from it, but it's not an asset you can buy.

Bitcoin is code and data, which uses cryptography and was intended as a trustless digital currency to allow direct transactions, however it is more store of value since, and more so as its value rises.
Greatness of the Bitcoin is the concept, the idea, and that doesn't need BTC to live, same like internet doesn't need ARPANET.

There's a lot of more accurate analogies (key word is analogy), for example, what Ford T is to the idea of vehicle, Bitcoin is to the idea of currency.

For now, lot of people believe it is safest and most rewarding asset you can own today - me included, otherwise I wouldn't be BTC hodler.
All I was saying was, no one can predict next 10y. I doubt Satoshi 13y ago ever thought what it may become and be used for.

i am not saying there should not be any honest scientific research into this new tech field. but the idea that every little brain fart should and could get monetized by getting it on coinmarketcap is stupid to an almost criminal extend.

that a market was created for bitcoin was a necessity for price discovery and also for distribution of the protocol. to copy and paste the source code of btc and then go on and copy and paste this idea of a market is the original sin of shitcoinery. those 8500 different markets for projects that have not achieved digital scarcity should not exist. coinmarketcap has single handedly ruined more retailers than the 1929 stock market crash.

those projects should run on public testnets. they should not be sellable. this is evil. they have no value since they are not scarce or decentralized.
they are mere airline miles: data entries on centralized servers. only digital scarcity is what gives digital value. the rest is digital scam art.


edit: of course it is not only coinmarketcap. almost all the exchanges are doing it. they create this mirage of competing projects. but they are not competing with bitcoin. not the same thing at all. is pyrite competing with gold? would precious metal marketplaces quote prices for pyrite?  for forged gold? that would be a joke. but this joke goes on in the "crypto" space but no one is laughing. (except for the creators of those shitcoin scams: they laugh all the way to the bank.

I guess the innovation in ‘shitcoins’, not meaning the true shitcoins, is about solving the Trilemma of

• Security
• Scalabilty
• Decentralosation

The ‘Trilemma’ is that you can’t have all three  

Various projects boast higher TPS (mostly in relation to Ethereum; Bitcoin’s position as King and/or store of value is hardly attacked in those convos) but when scrutinising, without solving the Trilemma.

I know of one project truly claiming that they have solved the Trilemma: Radix. But they’ve been at it for 7 years and haven’t released a mainnet yet. But if they indeed have solved the Trillemma, you can’t afford not to be in it. Time will tell.

Those kinds of projects are interesting from a technical perspective. But that’s probably 0.001% of the projects out there.

There's generally no real development in the vast majority of shitcoins. Only scammers who are looking for opportunities to get rich by tricking others into giving their fiat to buy their shitcoins. This has happened far too many times to ignore, and is still happening. You don't need to know much, just visit their websites and read the info in there. With just a little bit of experience and intuition, you'll be able to see through them.

Good luck to all who buy shitcoins "because they're cheaper than Bitcoin"...

Who are you guys? Little Peter Schiffs?
Go stack some sats, you fools!

whatever. you suggested that there is "development" in the shitcoin space. people who care about the shitcoin space can go fuck off and have their idiotic twisted logic at display in THE APPROPRIATE threads, forums, social media, etc. BUT NOT IN HERE. this is a bitcoin only thread in a bitcoin forum.

and no, there are no "grown up conversations" possible with shitcoiners. they are either scammers or did not get it. and because they haunt us everywhere in the interwebs with their fucked up sales talk, it is a relief to have threads that are free of this utter shit.

same goes for those "blockchain not bitcoin" retards. blockchain is nothing. it a mere database structure and not a stand alone technology. bitcoin combines several unique technologies to achieve digital scarcity. blockchain is just one of them. the immutability of the bitcoin protocol is an emergent property of the combined base technologies bitcoin uses. it is not a technical feature of "blockchain", that can be implemented in other money protocols by copy and paste some lines of code. immutability is an emergent trait, not a feature of just the database structure.

as long as you dont seem get the difference between "emergent property" and "tech feature" (as all the blockchain-not-bitcoin crowd and all the shitcoiners) just dont seem to be able to grasp, you should probably slow down calling others out on not understanding tech.

honest question: why is this deeply flawed? please elaborate.

man, is this schiff guy such a dim light? look at a kilogram of gold. that is 1000g of gold.

1 gram of gold is 1000000000 ng

1000gram of gold is 1000000000000 ng which is one trillion nanograms. one trillion ng is anything but scarce!  


do we really need to discuss with guys that full blown stupid?

divide a pizza 1 trillion times and feed the world forever with it? jeez...

that rusty pipe on the books cover is in the wrong place.

So difficult to have a grown up conversation?
Please remind me which "shitcoin" I've marketed in my post.
I didn't, I won't, and I'll keep hodling my BTCs.

It's also surprising how someone who is in BTCs doesn't understand it's technology.
Comparing Bitcoin to the internet is deeply flawed. I would suggest to learn more about Bitcoin and blockchain, it's definitely worth it.
It was first thing I did when I bumped into Bitcoin in 2012.

Its a bit like the tower of Babel.

Spot on.

stop the shitcoinery asap. this is not the place for marketing scams. bitcoin is a protocol for money in the same way as the internet is a protocol for information. do we have 7500 different internets? do we have "potentially disruptive development in the alternative internet space"? why not? the innovation in the webspace is happening within the network.  innovation and disruptive development can and will happen only within the bitcoin protocol.

before we move on, we all need to be on the same network, the same track, the same language.

we are trying to get a unified measurement method implemented globally. a measurement for value. imagine the engineers of the world came up with 7500 different ways of measuring length. confusion much, eh? no engineering possible, you know?!  

for fuck sake, stop posting crab about shitcoins.

Thank you for the valuable advice, however I'm going to keep hodling my BTCs.
I'm also going to keep an eye on the road.

Then Oracle is going to hire these all shitcoins holders for 6 figure salary right ?

Sell all your bitcoins for shitcoins . The Oracle has spoken

/shitcointalk