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Topic
Board Speculation
Merits 15 from 4 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 19/02/2025, 19:24:10 UTC
⭐ Merited by El duderino_ (10) ,philipma1957 (3) ,psycodad (1) ,PowerGlove (1)

BTC sucked in price until shitcoins were invented.

Simple fact.

So BTC maxis = unrealistic morons that refuse to see how shit coins allowed btc to thrive.

I'm not going to attack anything but this here is a very bold and arguable statement. It's not that BTC sucked in price and shitcoins made it's price increase but simply BTC was the first and it was an early development phase. Infact, if shitcoins wouldn't be invented, all current "crypto" marketcap would be BTC. So I fail to see how "shitcoins made BTC great".  Grin

Agree here.

I think the only rational argument is BTC was, for a time, the "reserve currency" for shitcoin casinos.  For things like Namecoin, and Solidcoin, and Primecoin, Litecoin, Feathercoin and so on.

And then up to Ethereum.  Eventually stable coins took some of this from Bitcoin.

I think this is another reason people from the earlier days of BTC history are sort of anathema to the whole Maxi/Shitcoinner dichotomy.  Certainly some of them (us) are maxis, but most of us saw interesting things in the development of alts at the time. Greg Maxwell had an XMR address in his profile here for years.  I think the whole thing looks different from the viewpoint of before mtgox or when that was the only exchange.  This can be oversimplified.

The illogic goes like this: 

cAPS openly praises Monero (still). --->  Therefore cAPS is a shitcoinner. --->  Therefore cAPS likes big blocks and Solana.

I call this logical fallacy "Reductum ad retardum".  And if that name hurts your feeling feel free to use "Reductum ad oversimplificationum".  I will use the former. Wink

Even Satoshi did not discourage the development of altcoins.  Revisit Namecoin.  In fact he encouraged it so what it was doing would not divert the core purpose of BTC.

On top of THAT Satoshi not only had something to do with the advent of Namecoin, but he actually invented merged mining with the idea of BitDNS This is something I know Phillip appreciates with his fondness for Litecoin/DOGE.

This alone should give Maxis pause.  But... also consider this... *gasp*  Satoshi could ALSO have been an idiot and his ideas around merged mining were foolish.  I do not think that is true though.  But I also think Hal had clearer vision when it came to the future of Bitcoin... this is one of the reasons I think he was not Satoshi... but as great as Satoshi in his own right.

Nothing is black and white.  Even in this ridiculously polarized world.

<3 cAPS