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Started By
Message
re: Official CryptoTalk Thread
Posted on 3/18/21 at 11:53 am to Douglas Quaid
Posted on 3/18/21 at 11:53 am to Douglas Quaid
That Twitter thread is just a bunch of maxi circle jerks
0
Posted on 3/18/21 at 12:10 pm to Douglas Quaid
quote:
A rewrite of the core protocol but still call it bitcoin?
wait, what
lightning, DLCs, could always be written on bitcoin
none of these other coins or projects need to exist beyond bitcoins first settlement layer. sorry if that crushes your dreams but its the reality
Posted on 3/18/21 at 12:28 pm to rocket31
free payments - you can do this on bitcoin now
instant payments - same
p2p payments - same
buying goods and serves - same
earn yield - same
defi - same
smart contracts - soon with DLCs
sure some projects and tokens will always exist but the next decade will weed out 99% of this crap (currently 8861 cryptos out there)
instant payments - same
p2p payments - same
buying goods and serves - same
earn yield - same
defi - same
smart contracts - soon with DLCs
sure some projects and tokens will always exist but the next decade will weed out 99% of this crap (currently 8861 cryptos out there)
Posted on 3/18/21 at 12:35 pm to rocket31
I think Bitcoin needs to stay in its lane as the digital gold . What happens when all this shite runs and the network becomes congested and transactions take days.
Posted on 3/18/21 at 12:35 pm to rocket31
I believe Lightning is L2, not on bitcoin core. And it is a compromise on BTC core security and decentralization assumptions.
I have to quote this one for posterity. I didn't realize you were a hardcore btc maxi.
My dream is only to have a deeper understand of distributed ledger tech beyond the twitter and r/crypto headlines. There is a lot of bullshite to sift through.
quote:
none of these other coins or projects need to exist beyond bitcoins first settlement layer. sorry if that crushes your dreams but its the reality
I have to quote this one for posterity. I didn't realize you were a hardcore btc maxi.
My dream is only to have a deeper understand of distributed ledger tech beyond the twitter and r/crypto headlines. There is a lot of bullshite to sift through.
Posted on 3/18/21 at 12:38 pm to CE Tiger
quote:
What happens when all this shite runs and the network becomes congested and transactions take days.
It can't all run on BTC core. That is why BTC maxis are rolling out L2 solutions. That is why ETH is changing over to POS. All for scalability and transaction costs.
Yet we are to believe that BTC got it all perfectly right on the first go around.
Posted on 3/18/21 at 12:42 pm to CE Tiger
quote:
What happens when all this shite runs and the network becomes congested and transactions take days.
bitcoin is just the settlement rail, that is why cashapp can use it for free, instant payments between peers, the tradeoff is that its not custodial
Posted on 3/18/21 at 12:45 pm to Douglas Quaid
quote:
I didn't realize you were a hardcore btc maxi
im like 95% bitcoin maxi and have been for years bud, i did used to be big into ETH and IOTA at a time fwiw
with that said, i still buy other coins but this is just to accumulate more sats at the end of the day
Posted on 3/18/21 at 12:47 pm to Douglas Quaid
quote:
Yet we are to believe that BTC got it all perfectly right on the first go around.
naa, bitcoin is not perfect and there are superior crypto technologies out there that dont involve blockchain. not going to deny that one.
Posted on 3/18/21 at 1:09 pm to CE Tiger
I don't know much about ADA but I am sick to death of seeing people talk about it. Is this some type of marketing campaign that's unfolding?
Posted on 3/18/21 at 1:24 pm to Douglas Quaid
quote:
Yet we are to believe that BTC got it all perfectly right on the first go around.
Well considering there is no founder, I'd say they are not even in the same class as any other coin. So there's nothing to compare BTC to.
The important part is the decentralization and existing network, the functionality can be worked around as it currently is being done.
Posted on 3/18/21 at 1:26 pm to Douglas Quaid
quote:
Yet we are to believe that BTC got it all perfectly right on the first go around.
BTC is just the "most popular girl" in a school full of altcoins. everyone know what bitcoin is or they at least think they do. most "normal" people have never heard of ETH or LINK or ADA or VET or BNB. BTC is the only cryptocurrency that's discussed in the MSM compared to most. that's why i feel like the price is the way it is.
Posted on 3/18/21 at 1:33 pm to finchmeister08
tots or anyone else who wants to hold their private keys but still earn yield - you can join the waitlist
LINK
LINK
This post was edited on 3/18/21 at 1:34 pm
Posted on 3/18/21 at 1:36 pm to rocket31
quote:
bitcoin is just the settlement rail, that is why cashapp can use it for free, instant payments between peers
So BTC has free and instant transactions as long as the entire world is using cashapp and only conduct transactions there so it stays off the main chain? Sounds like an L2 solution.
Smart move by Jack though and probably fine for a lot of users.
quote:
the tradeoff is that its not custodial
So you don't actually own the btc? Decentralization, censorship resistance....who needs 'em. A real btc maxi wouldn't like these compromises.
Posted on 3/18/21 at 1:38 pm to Douglas Quaid
Looks like CB added a few coins today available for trade.
Posted on 3/18/21 at 1:39 pm to finchmeister08
quote:
BTC is the only cryptocurrency that's discussed in the MSM compared to most. that's why i feel like the price is the way it is.
im still trying to figure out why CNBC has essentially become a bitcoin infomercial
theres gotta be underlying reason idk
Posted on 3/18/21 at 1:41 pm to Douglas Quaid
quote:
So you don't actually own the btc? Decentralization, censorship resistance....who needs 'em. A real btc maxi wouldn't like these compromises.
already told you im not 100% maxi. i personally dont mind some degree of centralization
Posted on 3/18/21 at 1:44 pm to rocket31
quote:
ada had another nice pump again
Buy the rumor sell the news
This post was edited on 3/18/21 at 1:45 pm
Posted on 3/18/21 at 2:55 pm to rocket31
quote:
tots or anyone else who wants to hold their private keys but still earn yield - you can join the waitlist
Posted on 3/18/21 at 3:35 pm to TigerTatorTots
A worthy watch on Real Vision for crypto bulls and bears that presents the major opposing viewpoints.
Opposing Views on Bitcoin (Anthony Pompliano & Mike Green)
Opposing Views on Bitcoin (Anthony Pompliano & Mike Green)
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