Quote from: JayJuanGee on Today at 12:21:26 AM

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

Quote from: Biodom on February 19, 2025, 10:37:47 PM

[edited out]

I think in the 2011 to 2021 era shitcoins were helpful. They created the need for exchanges which boosted to liquidity of btc and allowed for trading of it and hodl of it.
since eth split and left pow shitcoins in general draw. btc bigly.

Now if you want to argue zero coins just btc would have been better yeah maybe.
but it is not what happened.

One could argue that 3 blocks an hour and slowing the 1/2 ing would be better but that is not what happened.
the reality is shit coins were a driving force for many years but they are not way to common and do not help btc in general.

so 2009 to 2011 btc and very slow growth
2011 to 2017 btc and shit coins very fast growth
2017 to 2021 btc and shit coins and slower growth
2021 to 2025 btc and shit coins slower growth.

if you believe 2011 to 2017 shitcoins were not helpful I disagree.
If you believe 2017 dec to now shitcoins were not helpful maybe
if you believe 2021 to now shit copies hurt digital wealth yeah they do.

but to throw out 2011 to 2017 dec as shit coins not helping digital wealth nah you are wrong.

You can have your opinion to characterize what happened, but that does not cause your framing of the matter to be factual... You are mixing facts and opinions in order to attempt to describe what you consider to be facts.

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

look jjg without shitcoins in the 2011 to 2017 era we would have not gotten any demand for exchanges.

You proclamation that shitcoins contributed to bitcoin's growth is a BIG SO WHAT, even if it were true. Do you think that you could run some kind of experiment to show if this happened and to eliminate certain parts and/or add other parts? You make little sense, when you are mixing facts and opinion, and then proposing a counter-narrative of hypothetical facts and opinion to proclaim how the world would have turned out under your alternative scenario.

I am not sure how you became such an expert anyhow, you were likely not even paying attention to bitcoin, shitcoins or anything else until perhaps 2020 or so since you had been so busy worshipping the dollar.

you are still blinded by your ongoing worship of the dollar, so many of us should be taking your rendition of history and the various "what ifs?" with a decently sized grain of salt.

You might be better off if you try to describe some facts without weaving in your opinions and then you might be able to see what you are saying from a more objective perspective, if that is even possible with you.

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

with out exchanges btc would not have skyrocketed in the 2011 to 2017 era.

Exchanges were a mechanism that helped with price discovery located all around the world... so what? There were fewer of them in 2011 dominated by MTGOX until it shut down in early 2014, yet even in early 2014 there were a lot of other exchanges, likely dominated by Chinese (perhaps a lot of fake volume between 2014 and 2016), and more exchanges by the time we got to 2017 as compared with 2011. So what?

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

one could argue the first effort to hurt shit coins was by the Donald when he signed off on the 2018 jan 1 end of like kind exchanges.

which promptly tanked the market. for years to come.
( I will have others attack me on that to)

Yeah, because you come up with overly simplified explanations and promote them as if they were the gospel.

Remember during the 2017 pump - perhaps even towards the top of the pump in December-ish, CME BTC futures (settled in cash) went live, and one of the leaders of that entity said that they had come into the space in order to "tame bitcoin?" Some folks attributed bitcoin's 2018 correction to the CME BTC futures, yet if we had already had a 78x price appreciation from late 2015 (at $250) to late 2017 at ($19,666) weren't we due for a correction anyhow, even if the CME BTC futures were trying to claim credit for such?

I am not trying to proclaim any explanation, except to say that there are many factors that affects BTC price, so your seeming ongoingly want to overly simpflify is not even very helpful, even if you were to have some actual meaningful data to back up your ongoing seemingly overly simplified explanations.

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

But that is what the forums are for.

Yeah, of course, you can spout all kinds of bullshit, and surely if you back up your bullshit, then it would likely be more helpful.. to the extent that you might want to engage in some kind of meaningful discussion rather than pumping your frequently nonsensical tail wagging the dog theories. Maybe you want to proclaim more nonsense about hashrate causing BTC price too, while you are at it?

Quote from: philipma1957 on February 19, 2025, 11:11:57 PM

BTW I am 7 or 8 to 1 btc to combined shit coins.

so it is not like I am a major player in the shit coin world

Maybe that is around 12% to 14% in shitcoins then? That is a bit much in shitcoins for my liking, but it is not totally unreasonable, relatively speaking.

There are some "crypto folks" who have the opposite. They have like 80% to 90% in shitcoins and only 10% to 20% in bitcoin.. so at least you are not skewed in the extreme shitcoin end even though you seem to love to talk about shitcoins and seem to fail and/or refuse to recognize bitcoin as the leader in the space. Of course, there are some guys who have absolutely no bitcoin and ONLY shitcoins.

But still seems pretty retarded to have much if any bitcoin once we recognize the leader of the space.. but hey, you can do what you like in terms of distracting yourself financially, psychologically and perhaps in terms of your mental energy and your time.

I mine the shit coins at considerable profit and buy btc with them.

But I always hold some of them.

And as to my time farming the past I do agree with you that its the past fuck it.

For right now we have far far far far far too many shitcoins that their sole purpose is to dilute wealth of the "crypto" holder.

Does it mean I am a maxi no.

Which someplace I wrote but maybe on altcoinstalks. Not bitcointalk that I seek to blend some from here and some from there.

As My chance to get rich at this was lost by 2017, but I did get far more financially comfortable then I would have holding cash bonds and silver/gold.