Quote from: deisik on January 09, 2019, 10:58:17 AM

Quote from: BiteMyShinyMetalAss on January 09, 2019, 10:16:03 AM

Tone Vays is blinded by his own ignorance and hatred towards allts. Worst part is, that he is using cognitive dissonance to preserve his face. He must find reasons and flaws in each altcoin so he could bash them. He doesnt see the picture clear. Why should all altcoins die? Each altcoin has a community of hodlers and users, and as long as these people will hold and use the coin - it will not die. To say only BTC will survive and every other altcoin will go to 0 is simmilar to the religion.
Bitcoin maximalism vs altcoins is equivalent of religious wars. I like to watch his price analysis, but cant stand this - 'if its not btc - its garbage and should go to 0' !

I'm not very familiar with his views on altcoins and honestly I don't feel very inclined to get acquainted with them more tightly, but if he is one of a few orthodox Bitcoin cultists and maximalists who can't stand any altcoin, I can't possibly agree with him and his attitude. Simply put, I also think that most altcoins are shitcoins which should die as a result of free competition and unbiased market selection, but it would be bordering on extreme if not outright insane to claim that all of them should bite the dust

If so, what is to be a testing ground for innovations like Lightning Network, Schnorr signatures, sidechains, etc?

For him, only BTC developers are clever and geniuses, while developers of the altcoins are ordinary people and borderline scammers. He says, that all inovation altcoins do, will be added on btc and alts simply become absolete. He says, BTC doesnt have to be a p2p cash, its main function is store of value, and people should just use credit cards and pay credit cards with BTC. People should not use BTC as a P2P payment system. For Tone, with each passing day, his blinding hatred towards alts coin grow stronger as each day proves him wrong.

The whole point is, that people still will use BTC as a store of value, yet some altcoin will have place too. I agree with you that majority doesnt have place, especially utility tokens, however, if part of people will continue to use them - they will not die and will not go to zero. Look at ETC - completelly useless coin, had a 51% attack and is valued at 545 million dollars.

How can you force people to choose 1 coin? For example DASH, has plenty of haters, but also has a community, has a lot of hodlers, has a lot of merchants accepting it. How can this coin die, if a large number of people prefer to transact in this coin? People will still hold BTC, but choose to transact in other coins, so how can these coins die? Tones anwer is - that the features that are adopted by the altcoins, the popular features will be added to BTC, hence making these altcoin absolete. This statement would be true, if BTC development would be fast. However, BTC development is extremelly slow and people cant ever get consensus. Most features will never be added, and if they would be decided to get added it would take years for BTC protocol to get upgraded, while altcoin scene moves much faster.