Post
Topic
Board Economics
Re: Why Bitcoin is the only crypto you should BUY
by
legiteum
on 31/01/2024, 06:49:41 UTC
Bitcoin is just a meme, and there are a lot of memes out there. Technically speaking, Bitcoin is roughly the same as all of the other cryptocurrencies, and vastly inferior to Haypenny currencies which is a digital currency platform that can actually scale to handle the world's daily transactions, e.g. millions of transactions per second and tens of billions per day.

Brands/memes come and go. The "Bitcoin" brand might be hot now and for the next few years, but it can fall by the wayside in the same way other brands have like Jordache and Members Only--or maybe it will endure like Polo or Izod. We'll see.

But one thing is for sure, there will be lots of other brands out there in the future that will become red-hot and they will give investors opportunities for massive gains...



If you think Bitcoin is a meme then you don't understand it and have never tried to understand it. I would never trust a project being shilled by somebody so clueless.

Bitcoin can also scale to handle billions of transactions if you just run it entirely on AWS. Doing that requires more trust and less censorship resistance as well as other tradeoffs that are contrary to its core principles.

If all you had to do is move Bitcoin to AWS and it would scale to the level of a true currency, don't you think they would have tried that already? It's been over a decade now. It sure seems like this scalability problem would be solved by now if it were actually possible.

Or maybe it's a limitation of the blockchain architecture. But what do I know, I'm just a software architect with over 30 years of experience in mission-critical ultra-high-scale systems...