Post
Topic
Board Bitcoin Discussion
Re: Newbies to crypto cut that negative shit out about Bitcoin.
by
CryptoChanel
on 26/01/2018, 19:18:29 UTC
I'm seeing more and more new people to crypto parroting the mantra that Bitcoin is old tech and needs to die.


Yes btc is to some extent old tech and yes there are faster, cheaper blockchains. But newbies and even some veterans need to be careful cause if enough people think something then it tends to be a self-fulfilling prophecy.


Problems that come with taking btc away as root of cryto are really not known. I suggest to you nothing good will come from it and crypto needs btc as a solid reserve currency of sorts and most gains people have made in alts are due to btc rise. Take Bitcoin away from top slot and I think crypto becomes unstable. IMO.

"unstable" is actually an understatement. Bitcoin is the medium in which all other altcoins thrive, for the moment, in most cases their value is primarily expressed in satoshis - not in $. Take the Bitcoin away and you will have and End-Of-The-World scenario for all other currencies. After that, situation would stabilize again somehow, in a way or another.