“Huh nothing personal kid”
What will take BTCs spot when he inevitably dumps billions and crashes the price after he realizes $1m in 10 years isn’t possible? Will we get the flippening?
*Destroys BTC forever
If bitcoin dies it will take the entire crypto market with it. The only real alternative to bitcoin is gold.
I've followed Bitcoin for some time and it's fun to watch the different FUD emerge for each cycle. As with most things in our world they all depend upon being just complex enough to go over the heads of the average person, but are never at all clever or intelligent.
FUD against Bitcoin is the definition of midwit.
Buying and holding bitcoin demonstrates executive function
Will we get the flippening?
No. BTC takes everything down with it. Saylor will be hunted and brutally gangraped by eth holders if he dumps his massive 500k btc stack.
No, the only real alternative is land.
salivating at a saylor-induced correction
let me slurp some sats
look at this hick
Eth partnered with Chainlink have tokenized real gold so now bitcoin is not needed.
what is eminent domain
We are cattle
You are fucking stupid. Thanks for participating in your own thread.
I hate that guy he always win, btc will moon soonish, i was sidelined and maybe I'm meant to be poor. I buy gold i wanna kms.
the people that destroyed BTC forever were the ""devs"" that stole the keys from Gavin Andresen and refused to increase the block size limit so that Steam dropped bitcoin support and nobody actually uses it as digital cash
Bitcoin not being used as digital cash was the best thing to happen to it.
Gold wasn’t used as cash back, silver was used for cash. Gold was used to store wealth.
Bitcoin for wealth
Xrp or some other bullshit for currency for transactions
This is correct, Satoshi never once said bitcoin was digital gold, he called bitcoin a p2p e-cash system that "enables small transactions, making Bitcoin practical for everyday use, like buying coffee." he also mentioned how he hoped bitcoins smart contracts would be further developed (pic related) he was already envisioning DeFi, Web3.0, on Bitcoin. He mentioned multiple times that this would "remove the middle man" Buuuut the Central Exchanges feared becoming replaced by DeFi as soon as developers started experimenting with Bitcoin's smartcontracts ,so they fooled the bitcoin community into removing smartcontracts from bitcoin under the excuse of "Scaling", this was the 2017 Segwit Softfork, it removed signature data, The scripts left behind by satoshi, just to free up block space without needing to raise the blocksize limit. The central exchanges became the new central bank, their existence was now secured. But following that segwit softfork, many bitcoin devs including Vitalik, and Sergey decided to keep satoshi's vision of DeFi, where trust on central entities is not needed. This is why Eth and Link are the most attacked projects in crypto, they remove the middle man, they allow an economy to exist without having to place trust on a central financial institution.
BTC ETH LINK AMPL SPOT ampUSD is the DeFi one-shot solution for global finance, it just takes too much brainpower to understand it but the pieces are there
i disagree and sure, other cryptos are "more like cash", but nobody uses it as such. it's just used for transfer and tied to fiat, few holds on to the crypto for non-speculation reasons but immediately turns it to fiat after the transaction is completed.
biggest mistake he ever made was to not build the block expansion into the protocol. but he trusted Gavin, who got swindled out of his position by whoever controls the bullshit devs implementing unnecessary technical debt such as segwit rather than changing 1 line of code to increase the blocksize limit
Bitcoin was always going to go to zero and crypto will continue on without it. The moment actual utility became a possibility via the president embracing crypto is the moment bitcoin became a walking corpse.
No one is going to use a main net asset to transfer value. They're going to use stables. If only there was a main net for financial settlements and RWA tokenization.
Eth
The failure of project mariana already showed that ETH can't be scaled meaningfully for these use cases.
I can simply take a shovel and dig up all your soil and take it away in my truck. Then you are fucked
Do that and you wpuld be tresspessing and might even get shot or bitten by the dogs.
I don't know the early lore. Did Gavin really have the ability to implement larger blocks and chose not to? Why did he decide against it? What's the official reason for the current block size?
Everyone should be praying for a Saylor mega-dump. I only have .22 btc and I’d love to get more
Idk really, I'm reading this book "hijacking bitcoin" written by big blockers, which should have the deets.
Right now, vitalik seems to have written the most level headed 3rd party account of what really happened:
vitalik.eth.limo
It seems like the big blockers mostly had the right idea but got carried away by faketoshi (CSW), censored on social media, and pushed off of the github by blockstream-owned devs.
sometimes I check the patch notes on bitcoin core just to take a look at the insignifigant nothing they have changed
bitcoin will replace bitcoin
also monero will get a boost o algo
he didn't decide against it, I really don't want to think about this again but in short:
1. Satoshi left Bitcoin to Gavin Andresen without making sure if he wanted the responsibility, probably because Satoshi knew he would be dead soon.
2. Gavin Andresen brought in other people to help, which complicated things.
3. These other people claimed that Gavin's github account was hacked and got the commit rights revoked. Never restored later even though it turns out Gavin's account never got hacked.
4. Gavin must have been pressured externally to back off because he did and said it was too risky to be involved with Bitcoin.
5. The new Bitcoin ""devs"" claimed that they couldn't possibly increase block sizes because miners wouldn't update and it would fork the chain and basically the world would end (even though they later released a security patch, I think it was discovered by a Bitcoin Cash dev, and then immediately all miners across the world applied the patch and BTC didn't fork).
BTC ""devs"" pushed their ridiculous lightning network idea, which could never work at scale due to how routing works, and that bullshit system wouldn't be needed if BTC worked like it should.
Satoshi was Hal Finney. At least that was what I thought back when I was more involved in BTC.
Craig Wright got a lot of credits because he was believed to be part of the "Satoshi team", together with Hal Finney & Dave Kleiman.
Hal Finney had a neighbour, named "Dorian Satoshi Nakamoto". They both lived in Temple City.
Note that Craig has claimed it was David Rees (a mathematician) instead of Hal Finney that was part of the "Satoshi trio" but personally I don't think so.
Also posting Gavin (the guy Satoshi wanted to take care of Bitcoin) telling people to stay away from Blockstream (the guys behind lightning network and the current ""devs"" of bitcoin, unless things have changed in the last years since I stopped following crypto).
Might as well post this as well, Gavin in 2020 saying he did try to upgrade the protocol (increase the block size limit) and it was planned since 2010.
Stings to think about this. Where would BTC have been in terms of actual usage if blocks never got full in 2017 and sites like Steam continued to support Bitcoin?
steamcommunity.com
Instead BTC is just a heavily manipulated speculation vehicle that isn't used by anybody for actually buying stuff with.
probably ETH for some time
but i have my eyes on XRP and HBAR
Why do so many internet posts claim Satoshi disappeared around same time when Hal died? I mean, it's false. Wikipedia says Satoshi disappeared after April 26, 2011. And on the other hand Hal died in August 28, 2014.
Because Hal Finney had Amyotrophic Lateral Sclerosis (same as Stephen Hawking) and was paralyzed by 2011. Although he was still alive he couldn't do much and probably didn't want to spend his last days involved with his meme coin that wasn't worth very much. The torch was passed to Gavin Andresen.
Thanks for the clarification.
you have to think second order effects though, otherwise you get out when bitcoin is $100 a coin because you think it bubbled. oil was mostly replacing whale oil at first
I bought bitcoin I discovered sam hyde. Nothing makes me more convicted than sam hyde. I don't own mstr but I won't be surprised when he becomes the God king of the world.
those clown lips
Absolutely RUINED
I wish I listened to Sam earlier, he’s been saying to buy in since like 2015
bitcoin staying on 100 bucks for a long time and slowly increasing to 1000 bucks over 10 years as people actually used it for the intended purpose would have been optimal. people would have dared to use it as digital cash since both sender and receiver would have known they still have the same value in a month. instead we got speculative stocks backed by whale manipulation that nobody cares to use as digital money and the exchanges do work like banks since people don't actually pay for stuff with bitcoin. people exchanging BTC in and out of fiat means the project goal failed. if you "hodl" BTC just in hopes of later cashing out for more USD than you put in that's not using bitcoin.
the whole crypto scene spawn is still good to have as an alternative to send/receive money outside the banking system, but since there's so much manipulation in the value and since you can't really buy that much stuff with bitcoin the dream of cutting banks out of the equation is dead. the exchanges still tie you to the banking world, and all the anti-money-laundering/know-our-customer laws.
if the blocks were not allowed to ever get full we might have been on the way to a world where some jobs, non-illegal jobs, paid in bitcoin and you spent those bitcoins on amazon or at the grocery store or rent, never even thinking about exchanging them for fiat. yeah it's not unheard of now but it's rare and mostly just for fun or temporary to get paid in crypto and if you do you still can't get food from it without jumping through hoops.
If btc ever drops below 50k I'm taking every loan possible and getting at least 5 of them
Let's do some rough back of the napkin math to estimate sam hyde's bitcoin holdings assuming he bought btc and some shitcoins as well and didn't sell any. Take his credmaxxing videos of roughly 20k to 30k debt with btc prices in 2015 between 300 and 500 usd. He could have between 30 and 70 bitcoin.
Why would he dump? He has the assets whether it's in BTC or fiat. It's the same worth either way, except one is constantly diminishing, the other is constantly growing.
It makes no sense for him to dump unless he knows BTC is going to crash.
Land's only worth as much as you can trust your government.
And you pay taxes on it. You're renting the land and it can be taken away from you at any point.
if BTC goes it's the end of crypto
How many do you have right now? I would kill for 5 whole btc.
Ruh roh plz no murder
nobody uses it as such
another faggot hallucinating something that's not real because you yourself doesn't know how to use it
Bitcoin was always going to go to zero
wrong, retarded monkey
cripple is also not a blockchain and it's utterly worthless
ETH can't be scaled
retarded monkey has not seen the stage 1 numbers and the gas limit increases
LMAO
delusional rippletard completely out of the loop talking about "stables" L M A O
hal isn't satoshi, tourist
you're so fucking retarded, completely out of the fucking loop and yapping
crazy