Ninjastic
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Board Bitcoin Discussion
Re: ToominCoin aka "Bitcoin_Classic" #R3KT
by
JayJuanGee
on 25/05/2016, 01:52:04 UTC
Quote from: chopstick on May 25, 2016, 12:20:30 AM
Quote from: AlexGR on May 24, 2016, 10:13:02 PM
Quote from: chopstick on May 24, 2016, 01:53:00 PM
So you're okay with losing marketshare to alts while we wait for the fabled segwit/LN or whatever which won't be ready til god knows when?

What are you talking about? The traffic on chains like LTC, DOGE, DASH, XMR etc, is too small to even register. And ETH is speculative bs "smart contracts".



And yet ETH has become the first alt to surpass a $1billion market cap. BTC is sitting at around 80% market share. Do you really think it will not decline even lower if we still don't have scaling implemented two fucking years from now?


I recall several posts back, maybe two weeks ago, you brought up this topic, and said it's no big deal but you sure would like to see some voluntary bitcoin scaling, and now you seem to be getting all worked up over this topic and attempting to insist that scaling needs to be done and that bitcoin is going to die if scaling does not occur.

Furthermore, you are overhyping the importance of the recent ETH pump.. yeah, you have created some kind of selective presentation when you say ETH has been the only one to surpass $1billion.. and yeah, technically, that is correct, but so far, at best ETH has only risen to 17% of bitcoin's market cap.. yes, that is so far...

Remember Ripple?  In December 2015, Ripple was nearly 20% of Bitcoin's market cap.... yes, Ripple was pumped and pumped and pumped..   Currently, Ripple is about 3% of bitcoin's market cap.

Yeah, maybe ETH is going to make some better headways and get more of bitcoin's market cap, but so fucking what?  Even though ETH is supposedly innovative in so many ways, it has way too many issues to properly surplant BTC, and in fact, ETH likely continues to need BTC in order to continue with its various pumping scams.

I have no problem going over to ETH if it were to surplant BTC, but anyone who is in anyway knowledgeable about the differences between ETH and BTC should recognize that ETH is no kind of threat to BTC because it is offering a different thing.. and bitcoin is not broken for its intended purpose (securing value immutably and permissionlessly)