Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 21/04/2018, 02:14:43 UTC
Quote from: bones261 on April 21, 2018, 01:19:55 AM
Quote from: JayJuanGee on April 21, 2018, 01:00:53 AM
Quote from: toknormal on April 20, 2018, 01:17:23 PM
Quote from: Raja_MBZ on April 20, 2018, 01:12:35 PM
Bitcoin is about to take-off, there's a huge probability of it right now, it has broken the downtrend, once it does, proud owners of alts are gonna cry, again.

I am a proud owner of alts.

Bitcoin is like the Eiffel Tower - if you took away the buttressing it would fall down. ALts are the buttressing for bitcoin and if they disappeared bitcoin would fall down because difersification is an essential hedging aspect of any investment portfolio.

Also, although bitcoin is fine as an asset, it's technologically crippled and so alts are here to stay Wink

Here you go again with your periodic spreading of misleading retardedness.  Get the fuck out of here with your alt pumping and your attempt to suggest that alts are the dog rather than the tail.  The tail does not wag the dog...  Roll Eyes

The alts have come about due to a very important quality of Bitcoin: It is open source. Therefore, anyone can take the Bitcoin code, modify it any way they see fit and create an alt. You Bitcoin maximalists should stop dissing Bitcoin's progeny. My personal attempts at attempting to clone and modify code to create a shitcoin has given me a somewhat better understanding and appreciation of how Bitcoin works. Unfortunately, my attempts have been unsuccessful, since I really need a step by step guide to code "Hello,world." Probably much better for the community that I never succeeded.  Cheesy


Personally, I am not dissing alts; however, I am dissing folks who try to act as if their alt (or the group of alts) is keeping bitcoin going.  Sure bitcoin can profit from various alts, but like you already said bitcoin is what caused the alts to come to the party.. it is not some kind of equal or some kind of inferior or some kind of dependent.... Bitcoin continues to have plenty of innovation, and some of the innovative ideas are taken from alts that test them out first... but even if there were no innovative ideas or innovative alts, bitcoin already had enough of a strong foundation to build upon.. and has been built upon for nearly 10 years, now (if we are starting from the  2008 bitcoin white paper or innovations that even preceded bitcoin's whitepaper that allowed it to come together in a whitepaper that was put into practice in early 2009 when satoshi first started mining it).