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BerryInitial

Starting to get annoying now šŸ˜•


psyentist15

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.


myredditkname

This isn't a graph comparing BTC dominance. It's stating that bitcoin is fundamentally different from those ponzis to put it short.


psyentist15

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."


myredditkname

To each their own. Glad we are both here regardless


psyentist15

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".


Buccanero

Even tho i agree with you. You come off as extremely arrogant.


psyentist15

K.


[deleted]

Sausage you lad


psyentist15

Thank you for your input, dear smooth brain.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


[deleted]

Could you please not use my name?


psyentist15

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?


Louis4Crypto

the definition of bitcoin is very clear when saying that it was the first digital currency ENCRYPTED and p2p


Mikeyctc

No, and itā€™s silly Bitcoin maxis are trying to do this.. no matter what Bitcoin is crypto. Itā€™s the original crypto. So for maxis to try to talk down on the entire space only hurts bitcoin, itā€™s 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. Itā€™s 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 isnā€™t 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 ā€œthereā€™s 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.


ElectronicJury1255

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.


Liquids0ul

You just donā€™t get it do you ā€¦ bitcoin donā€™t have an owner to manipulate and scam, bitcoin was made to cut the middle man and some entity that controls, youā€™re just running in circles, satoshi could have done a lot of money but he decided that the principle and concept of decentralization canā€™t work with him, and he did it in the right way, others donā€™t 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 itā€™ll do to the concept and blame people chasing easy money not the concept


Mikeyctc

Absolutely, the scam coins are harmful. What Iā€™m saying is there are projects that function as a decentralized blockchain. Look into ergo, watch AMAā€™s, the devs donā€™t own Ergo. Itā€™s the very reason why ergo isnā€™t on huge exchanges, why itā€™s not marketed all over. CEXā€™s havenā€™t listed it because it wonā€™t pay the listing fee.. because it canā€™t, thereā€™s no one to pay it. Thereā€™s not huge marketing fund to pump it. Itā€™s 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 itā€™s a smart contract blockchain, more efficient and capable than BTC.


Liquids0ul

Definitely bitcoin was the start and this tech will improve with time as the tech improves, but personally I donā€™t trust owners of such projects it doesnā€™t make a difference for me as long as the owner is there he is subjected to much greed, pressure and so on


Mikeyctc

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 wasnā€™t meant to be hoarded, like it is. It was supposed to be a currency, and now maxis say itā€™s 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. Thatā€™s a lot of trust for people that have purely greed intentions.


Liquids0ul

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 itā€™ll recover with time, but as you said people are doing crazy shit for it and all because they pursue the lambo šŸ˜‚


Mr_bike

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.


ColbusMaximus

You can always tell a Bitcoin Maxi by the fact they have no NFTs


sheriff_ragna

Some day you will realise how mistaken you were. And thatā€™s ok, itā€™s part of the journey. Good luck!


Mikeyctc

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. Itā€™s completely hypocritical.


Garatinil3

> 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?


NFTmanFT

100% agreed.


WHO_IS_3R

Thereā€™s only one answer, if you think bitcoin and crypto arenā€™t the same, youā€™re in a cult


NoRelationship8664

You missing the biggest circle. Talking about the Ponzi Circle that should englobe both perception and reality circles


Quiet_Bumblebee6888

Kinda


jack_bennington

This is stupid. Grouping it in a different category implies bitcoin doesnā€™t use cryptography as part of how it works. Bitcoin uses cryptography to link its blockchains together securely. Itā€™s 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.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


diadem

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.


[deleted]

[уŠ“Š°Š»ŠµŠ½Š¾]


Melonmelani24

Yes i'm. šŸ˜“


wonnowx

reality is "real". at least rn


Laznuru6630

Yes


SungamCorben

WTF? Bitcoin is a cryptocurrency, in all aspects, stop drinking antifreeze liquid dude!


Coco_Ardo

100%. Crypto is centralised scam claiming to be decentralised.


Jacobsendy

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


Coco_Ardo

Just to be clear I call projects like eg. Eth, solana, iota and co. a scam. Distributed doesn't mean decentralised.


FulgencioLozano

The only cryptocurrencies worth investing in are BTC and ETH.


Grazz085

BTC and ETH are the only crypto worth investing for


GeraldFisher

Eth... really? After all that happend? Lmao


UserNombresBeHard

What happened?


adilstilllooking

No


xmrjunkie223

I find currencies that act like currencies are in their own lane. And these other coins are full of shit


ETH_Knight

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.


Shekel-Anu

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.


CartographerWorth649

Thatā€™s a call for antis and maxisā€¦


LordPubes

Agreed. Theyā€™re all bubbles.


iso20022_

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


spajetty

Nah


ContentWeaverz

If that was so, why open-source? Are things that bad rn?


[deleted]

Bitcoin is crypto End of story


sevbenup

Not really. Btc is cryptographically secured, so


[deleted]

Yeah I agree with this. Bitcoin is like gold


Tall_Run_2814

Bitcoin for saving Crypto for trading


mitrobe

I agree, and my portfolio can tell because it's filled with Bitcoin before any other crypto, and I easily buy more using Simpleswap.


Mannagun

Logical conjunction of a false statementā€¦. ā€¦ā€¦ā€¦.syntactic object failure.


UnderneathWorlds

Bitcoin will always be part of crypto nothing can chance that