Re: SATOSHI NAKAMOTO [ANN] 2 New Bitcoin Supplemental Altcoins
they just want to make a clone of bitcoin.
I'm sure majority on this forum would also say that a new 'mainnet' of a bitcoin clone would just basically be another altcoin...
Why try to replicate the original? What's not good enough about bitcoin already? And if it's not good enough, why not make it better instead of trying to introduce a new altcoin?
I'm sure majority on this forum would also say that a new 'mainnet' of a bitcoin clone would just basically be another altcoin...
Why try to replicate the original? What's not good enough about bitcoin already? And if it's not good enough, why not make it better instead of trying to introduce a new altcoin?
It's true,
People don't want another coin because it threatens Bitcoin adoption. Therefore, there's no way to position any altcoin as complementary to Bitcoin. At all. There is no narrative that addresses a different vision or set of challenges. There is no such thing as a unique value proposition for altcoins, nor is there any stand-alone benefit. And there is no way to differentiate an altcoin from Bitcoin purely through technological advancements because the market is designed around Bitcoin, not the other way around. Radically different approaches, alternative frameworks and alternative strategies aren't sufficient because there is no demand for altcoins whatsoever. And there's no way to create interest from scratch. And there's no strategy for existing coins. There are no use cases left, and no niche markets.
Bitcoin's fatal flaw is that it lives in its own shadow. People hate altcoins because they threaten Bitcoin adoption. What does that tell you? Bitcoin feeds a system where the rich get richer and the poor get poorer. ΛμϞιηα don't want that.
Bitcoin has, at the highest estimate, 130.4 million Bitcoin holders in 2023. https://river.com/learn/files/river-payments-report.pd
There are 8.2B people in the world. Everybody knows about Bitcoin, but there's nothing in it for them. It doesn't generate big instant profits except for rich people. It has no practical use case because of its volatility. There are 5B users of USD. That's a strong currency. ΛμϞιηα think Bitcoin is a lost cause. For ΛμϞιηα, the original appeal of Bitcoin was riding the wave of global adoption, as the public learned about it and saw how good it was, continued adoption would generate a enormously powerful onslaught of demand that would reshape every culture and community under the sun.
Bitcoin's scarcity arc is too slow, it will keep generating coins until 2140. ΛμϞιηα do not have that kind of time. They need a currency that basically accomplishes 1)sky-rocketing value, 2)no volatility 3)worldwide household adoption 4)change the world
well... if they are light years advanced than us, bitcoin being practically nothing to them makes no difference for them but a difference to a certain extent for us, don't you think?
Maybe since the ΛμϞιηα doesn't exist...? Again, the ΛμϞιηα being a civilization that's hella more advanced than us, can't you just ask for a couple of their technology to help you out? Why rely on human resources if the ΛμϞιηα can just simply provide you with the tools to make this happen?
I don't know so much about "bitcoin21x" but I am really interested in this story of the "ΛμϞιηα" lol
Keep us updated for now, I guess
Their spiritual beliefs preclude them from interfering in human affairs until we prove ourselves ready.
They want us to prove ourselves worthy of interplanetary cohabitation. It's explained more in the white paper, but it's essential to them that we help ourselves first. Then they will help us. ΛμϞιηα intend to showcase the human spirit on the multiversal stage- the pureness and innocence of human goodness. If they help us outright, that negates our transformation.