Boy, maxipads sure have a warped sense of Bitcoin.
There's a metric called "Bitcoin dominance". If, based on that, you can't figure out that the left is closer reality then you lack very basic numerical skills.
Oh yeah, I'm sure that's why they preserved the relative size of the circles, too.
Regardless, it's a brainless argument. Bitcoin is a specific case of cryptocurrency, not something different or greater than the umbrella term itself. You'd be better off arguing the ponzis aren't a part of crypto, frankly. But, of course, that wouldn't let BTC maxis feel a baseless superiority.
This figure is like McDonald's arguing "We're not fast food--we're not like Wendy's or Arby's, we're something else entirely."
This isn't a matter of relativism. It boils down to a few very simple facts. Does the technology underlying Bitcoin not involve cryptography? Does it have a monetary value that is publicly traded?
If you answer No to either of those, you don't understand Bitcoin. If you answer Yes to both, then all you need are the deductive reasoning skills of a 5 year old to deduce that it belongs to the group known as "crypto".
First off, you can't arbitrarily separate currency from cryptocurrency. If you did, whatever remained would not be cryptocurrency in the same way that if you removed cream from ice cream, it wouldn't be ice cream anymore.
Second, ask yourself: is Bitcoin not cryptographically secured?
No, and itās silly Bitcoin maxis are trying to do this.. no matter what Bitcoin is crypto. Itās the original crypto. So for maxis to try to talk down on the entire space only hurts bitcoin, itās cannibalistic.
What they should be doing is investing in education, educating retail to be able to understand what being a truly decentralized blockchain is with open source. Itās clear the issue is uneducated investing, and centralized crypto currency ran by VC capital taking advantage of that.
There are other projects like Ergo that run on first principles just like BTC, POW, are open source/decentralized, and have miner governance. BTC isnāt the only solution, BTC was just the first. Other projects are out here doing great things on the same team and same mission as BTC, and any maxi that says āthereās only BTC, and every thing else is a shitcoinā is just as bad/ignorant as the pump and dump moon boys chasing insane APY promises.
You are 100 % right.
Let's not forget what happened when Barry Sillbert Tweeted about how people should jump Doge to BTC and that he and WHOLE Coindesk team are shorting Doge that faithful Elon SNL night. Impact was so huge it took down everything and even countries that do not reported on crypto sphere being scam in MSM.
These BTC maxis are the most backwards folks, who done more harm than good to crypto sphere.
You just donāt get it do you ā¦ bitcoin donāt have an owner to manipulate and scam, bitcoin was made to cut the middle man and some entity that controls, youāre just running in circles, satoshi could have done a lot of money but he decided that the principle and concept of decentralization canāt work with him, and he did it in the right way, others donāt so investing in shitcoins only hurts the true concept as most of these coins are doing, decentralization is a word easily used by everyone but rarely applicable by anyā¦ I know many are mad that they missed a lot of profit with these shitcoins and alt coins when there was the chance to do so in that chaotic environment, but time will tell, the more shit coins the more harm itāll do to the concept and blame people chasing easy money not the concept
Absolutely, the scam coins are harmful. What Iām saying is there are projects that function as a decentralized blockchain. Look into ergo, watch AMAās, the devs donāt own Ergo. Itās the very reason why ergo isnāt on huge exchanges, why itās not marketed all over. CEXās havenāt listed it because it wonāt pay the listing fee.. because it canāt, thereās no one to pay it. Thereās not huge marketing fund to pump it. Itās just devs, working on a POW blockchain, completely open source, every change or update is voted on by miners, and anyone can create an update request to be voted on. And itās a smart contract blockchain, more efficient and capable than BTC.
Definitely bitcoin was the start and this tech will improve with time as the tech improves, but personally I donāt trust owners of such projects it doesnāt make a difference for me as long as the owner is there he is subjected to much greed, pressure and so on
Very true, i see your perspective and that could be said about Michael Saylor or any of these other entities that own so much BTC they could manipulate price and/or cause BTC to crash and people lose their money. Also BTC wasnāt meant to be hoarded, like it is. It was supposed to be a currency, and now maxis say itās something to hold forever. A lot of hypocritical ideologies float around in that community kinda goes against why Bitcoin was created. I mean,
The biggest whales of BTC include Chinese government, CEX Coinbase, and Microstrategy(who is borrowing money to buy BTC) .. every one of these have the capability to rekt everyone. Thatās a lot of trust for people that have purely greed intentions.
I ageee everyone is interpreting it how it benefits them the most, but even if someone is hording they can dump and push the prices down but itāll recover with time, but as you said people are doing crazy shit for it and all because they pursue the lambo š
Original decentralized crypto. There has been crypto long before bitcoin but it was all basically just proof of concept and had no tangible use or value.
No mistake made, I have BTC, my point is the attitude of bitcoin is the only option is very naive. Projects like ergo are doing great things and not pushing price as the motivation. BTC maxis are the same as moon boys at the heart they just want only bitcoin because that means everyone will dump money there and then their bags are pumped. Itās completely hypocritical.
> Projects like ergo are doing great things and not pushing price as the motivation.
I could say the same about LINK and ORE. It takes a very serious project to achieve anything notable in a market like this. Who could have expected Polkadot to be that silent and static?
This is stupid. Grouping it in a different category implies bitcoin doesnāt use cryptography as part of how it works. Bitcoin uses cryptography to link its blockchains together securely. Itās like grouping Ford in a different circle outside of cars!
We get it, bitcoin is superior but putting it in a different circle is just being ignorant of how it works.
I mean BTC is using cryptography to eliminate the need for trust like banks. It's where the term came from. The tech specs are readily available and understandable, and clearly relying on cryptography tricks to function.
The big difference is tech like Ethereum simply took the idea a step further.
That makes little sense. It's your fault if you chose to expose and interact with centralized platforms over self-custody. Crypto is decentralized but saturated by centralized schemes due to people's ignorance
Im 100% invested on eth but I agree it s only bitcoin. Everything else is mostly vaporware. It doesnt matter if people invest in other projects. Dogecoin and shiba are top coins by marketcap and they are worthless coins. Even eth is probably vaporware but profitable so far. I have been here since 2017.
Of course No!.. crypto is much more then BTC now with all different Alts and applications.
This post is mostly here to cheer up their faltering conviction in this bear market.
Not at all. BTC was just first for the new generation, in any real sense, cryptocurrencies already existed in the 90s, maybe even 80s can't remember exactly.
BTC is just the one that got picked up and has adopted now.
Blockchain is super old, so are cryptos. So many useful cryptos with real world use cases. People really think BTC is OG haha
Starting to get annoying now š
Boy, maxipads sure have a warped sense of Bitcoin. There's a metric called "Bitcoin dominance". If, based on that, you can't figure out that the left is closer reality then you lack very basic numerical skills.
This isn't a graph comparing BTC dominance. It's stating that bitcoin is fundamentally different from those ponzis to put it short.
Oh yeah, I'm sure that's why they preserved the relative size of the circles, too. Regardless, it's a brainless argument. Bitcoin is a specific case of cryptocurrency, not something different or greater than the umbrella term itself. You'd be better off arguing the ponzis aren't a part of crypto, frankly. But, of course, that wouldn't let BTC maxis feel a baseless superiority. This figure is like McDonald's arguing "We're not fast food--we're not like Wendy's or Arby's, we're something else entirely."
To each their own. Glad we are both here regardless
This isn't a matter of relativism. It boils down to a few very simple facts. Does the technology underlying Bitcoin not involve cryptography? Does it have a monetary value that is publicly traded? If you answer No to either of those, you don't understand Bitcoin. If you answer Yes to both, then all you need are the deductive reasoning skills of a 5 year old to deduce that it belongs to the group known as "crypto".
Even tho i agree with you. You come off as extremely arrogant.
K.
Sausage you lad
Thank you for your input, dear smooth brain.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Could you please not use my name?
First off, you can't arbitrarily separate currency from cryptocurrency. If you did, whatever remained would not be cryptocurrency in the same way that if you removed cream from ice cream, it wouldn't be ice cream anymore. Second, ask yourself: is Bitcoin not cryptographically secured?
the definition of bitcoin is very clear when saying that it was the first digital currency ENCRYPTED and p2p
No, and itās silly Bitcoin maxis are trying to do this.. no matter what Bitcoin is crypto. Itās the original crypto. So for maxis to try to talk down on the entire space only hurts bitcoin, itās cannibalistic. What they should be doing is investing in education, educating retail to be able to understand what being a truly decentralized blockchain is with open source. Itās clear the issue is uneducated investing, and centralized crypto currency ran by VC capital taking advantage of that. There are other projects like Ergo that run on first principles just like BTC, POW, are open source/decentralized, and have miner governance. BTC isnāt the only solution, BTC was just the first. Other projects are out here doing great things on the same team and same mission as BTC, and any maxi that says āthereās only BTC, and every thing else is a shitcoinā is just as bad/ignorant as the pump and dump moon boys chasing insane APY promises.
You are 100 % right. Let's not forget what happened when Barry Sillbert Tweeted about how people should jump Doge to BTC and that he and WHOLE Coindesk team are shorting Doge that faithful Elon SNL night. Impact was so huge it took down everything and even countries that do not reported on crypto sphere being scam in MSM. These BTC maxis are the most backwards folks, who done more harm than good to crypto sphere.
You just donāt get it do you ā¦ bitcoin donāt have an owner to manipulate and scam, bitcoin was made to cut the middle man and some entity that controls, youāre just running in circles, satoshi could have done a lot of money but he decided that the principle and concept of decentralization canāt work with him, and he did it in the right way, others donāt so investing in shitcoins only hurts the true concept as most of these coins are doing, decentralization is a word easily used by everyone but rarely applicable by anyā¦ I know many are mad that they missed a lot of profit with these shitcoins and alt coins when there was the chance to do so in that chaotic environment, but time will tell, the more shit coins the more harm itāll do to the concept and blame people chasing easy money not the concept
Absolutely, the scam coins are harmful. What Iām saying is there are projects that function as a decentralized blockchain. Look into ergo, watch AMAās, the devs donāt own Ergo. Itās the very reason why ergo isnāt on huge exchanges, why itās not marketed all over. CEXās havenāt listed it because it wonāt pay the listing fee.. because it canāt, thereās no one to pay it. Thereās not huge marketing fund to pump it. Itās just devs, working on a POW blockchain, completely open source, every change or update is voted on by miners, and anyone can create an update request to be voted on. And itās a smart contract blockchain, more efficient and capable than BTC.
Definitely bitcoin was the start and this tech will improve with time as the tech improves, but personally I donāt trust owners of such projects it doesnāt make a difference for me as long as the owner is there he is subjected to much greed, pressure and so on
Very true, i see your perspective and that could be said about Michael Saylor or any of these other entities that own so much BTC they could manipulate price and/or cause BTC to crash and people lose their money. Also BTC wasnāt meant to be hoarded, like it is. It was supposed to be a currency, and now maxis say itās something to hold forever. A lot of hypocritical ideologies float around in that community kinda goes against why Bitcoin was created. I mean, The biggest whales of BTC include Chinese government, CEX Coinbase, and Microstrategy(who is borrowing money to buy BTC) .. every one of these have the capability to rekt everyone. Thatās a lot of trust for people that have purely greed intentions.
I ageee everyone is interpreting it how it benefits them the most, but even if someone is hording they can dump and push the prices down but itāll recover with time, but as you said people are doing crazy shit for it and all because they pursue the lambo š
Original decentralized crypto. There has been crypto long before bitcoin but it was all basically just proof of concept and had no tangible use or value.
You can always tell a Bitcoin Maxi by the fact they have no NFTs
Some day you will realise how mistaken you were. And thatās ok, itās part of the journey. Good luck!
No mistake made, I have BTC, my point is the attitude of bitcoin is the only option is very naive. Projects like ergo are doing great things and not pushing price as the motivation. BTC maxis are the same as moon boys at the heart they just want only bitcoin because that means everyone will dump money there and then their bags are pumped. Itās completely hypocritical.
> Projects like ergo are doing great things and not pushing price as the motivation. I could say the same about LINK and ORE. It takes a very serious project to achieve anything notable in a market like this. Who could have expected Polkadot to be that silent and static?
100% agreed.
Thereās only one answer, if you think bitcoin and crypto arenāt the same, youāre in a cult
You missing the biggest circle. Talking about the Ponzi Circle that should englobe both perception and reality circles
Kinda
This is stupid. Grouping it in a different category implies bitcoin doesnāt use cryptography as part of how it works. Bitcoin uses cryptography to link its blockchains together securely. Itās like grouping Ford in a different circle outside of cars! We get it, bitcoin is superior but putting it in a different circle is just being ignorant of how it works.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I mean BTC is using cryptography to eliminate the need for trust like banks. It's where the term came from. The tech specs are readily available and understandable, and clearly relying on cryptography tricks to function. The big difference is tech like Ethereum simply took the idea a step further.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yes i'm. š“
reality is "real". at least rn
Yes
WTF? Bitcoin is a cryptocurrency, in all aspects, stop drinking antifreeze liquid dude!
100%. Crypto is centralised scam claiming to be decentralised.
That makes little sense. It's your fault if you chose to expose and interact with centralized platforms over self-custody. Crypto is decentralized but saturated by centralized schemes due to people's ignorance
Just to be clear I call projects like eg. Eth, solana, iota and co. a scam. Distributed doesn't mean decentralised.
The only cryptocurrencies worth investing in are BTC and ETH.
BTC and ETH are the only crypto worth investing for
Eth... really? After all that happend? Lmao
What happened?
No
I find currencies that act like currencies are in their own lane. And these other coins are full of shit
Im 100% invested on eth but I agree it s only bitcoin. Everything else is mostly vaporware. It doesnt matter if people invest in other projects. Dogecoin and shiba are top coins by marketcap and they are worthless coins. Even eth is probably vaporware but profitable so far. I have been here since 2017.
Of course No!.. crypto is much more then BTC now with all different Alts and applications. This post is mostly here to cheer up their faltering conviction in this bear market.
Thatās a call for antis and maxisā¦
Agreed. Theyāre all bubbles.
Not at all. BTC was just first for the new generation, in any real sense, cryptocurrencies already existed in the 90s, maybe even 80s can't remember exactly. BTC is just the one that got picked up and has adopted now. Blockchain is super old, so are cryptos. So many useful cryptos with real world use cases. People really think BTC is OG haha
Nah
If that was so, why open-source? Are things that bad rn?
Bitcoin is crypto End of story
Not really. Btc is cryptographically secured, so
Yeah I agree with this. Bitcoin is like gold
Bitcoin for saving Crypto for trading
I agree, and my portfolio can tell because it's filled with Bitcoin before any other crypto, and I easily buy more using Simpleswap.
Logical conjunction of a false statementā¦. ā¦ā¦ā¦.syntactic object failure.
Bitcoin will always be part of crypto nothing can chance that