My favorite Bitcoin maxi conversation revolves around the “99% of altcoins are scams are scams” argument

Every time I ask what are the 1% (or 0.1%), people frown at me & give the most predictable NPC answer which usually doesn’t mention any coin names but calls me a shitcoiner.

Very few guys have the balls to admit that Monero, Litecoin, Grin & Kaspa are fair. Even fewer dare to admit that Ethereum and Zcash have merits and push research beyond commonly held beliefs about what is possible and what is not.

But I’m always amazed to discover how out of touch these guys are when it comes to markets. Some will openly say that USDT is great… but mention you should only use it on Liquid & Taproot Assets where the liquidity is abysmal. When you mention that Tron, Solana & Ethereum have 1000x more volume, they will make some predictable excuse about Tether not needing decentralization.

If you point out that WBTC on Ethereum has 100k BTC locked in it while Lightning is stuck at 5k for half a decade, you’re a shitcoin apologist with high time preference.

But the same guys who call themselves maximalists will express strong (and extremely predictable) views against Drivechains, ZK rollups, ZK STARKs & Shielded CSV. You know, the stuff that actually scales Bitcoin and brings more users from other networks in order to pay the miners for security.

This whole culture is beta decel fuckery, not much different from Amish people preaching to city dwellers that electricity is evil. Burn it all to the ground and learn to ignore the grifters & feds who try to stall progress for their own benefit.

Try new software, learn new stuff. It doesn’t cost you anything to install a wallet, join a Telegram chat where community members will gladly send you some coins to play with, and think about whether or not you’d like to see it on Bitcoin.

It costs you nothing to think for yourself instead of reciting from the lazy NPC textbook. It costs you nothing to understand the spirit of open source software, where people run experiments to test new ideas in the wild.

2017 was 8 years ago. So much has improved since then. You’re probably smart enough to distinguish between something that pushes new tech and a memecoin/ICO token.

Escape the matrix and dare to explore and ask questions. Outside the Bitcoin drama, there are people who actively build the future of money and finance. It’s all open source. To survive, Bitcoin will have to embrace some of it. It’s better to learn now than to fall behind.

Remember the wonder of discovering new stuff about how Bitcoin works? You’ll find much more of that in Ethereum, Zcash, Monero, Kaspa, Quai, and other state of the art blockchains that truly push the limits of the parameters some people built cults around.

You call yourself free, but you’re afraid to try Ethereum which is an implementation of Bitcoin’s colored coins/Counterparty? You like Blockstream, but you haven’t tried their tech on Monero and Litecoin? You think you understand how privscy works, but you never tested the Zerocash protocol on top of Satoshi’s tech (Zcash)?

It’s time to start learning! The future of Bitcoin depends on it.

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What about https://www.spark.money/? I never saw you talk about it.

nostr:nprofile1qqs9qp2dql3vmuetzq6hw77eeaeej2j2ughers22wch0m2jm7c05w4gpp4mhxue69uhkummn9ekx7mqpr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5jw0vlm pls read my spark wallet review

https://blog.apathy.tv/articles/wallet-of-satoshi-spark-beta-review

Again, it’s easy to report videos. What you can’t do is engage on the subject and learn that Kratter is lying to you.

Again, the truth is revealed in the video. People can analyze, think and decide for themselves.

What if the one who is lying is you?

He has made allegations that he can’t prove. The burden is on him to go find objective information that substantiates his claim.

You said nothing at all?

Kratter has a lot off low brow bashing content. He uses a macbook. Obviously the guy isn't that technical. Also has a suspicious background with palantir

What is obvious is that you are brainless monero shitcoiner.

Toxic Monero Shitcoiner. I'll take it

*Brainless

Finally a Bitcoiner that can objectively look at something rather than worshiping at an altar.

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Btw, Kaspa fixes all of this. It’s solves the trilemma.

Can you explain the trilemma problem like I'm 5.

1. Secure: significantly resistant to fraud, attacks, and manipulation. Nobody can acquire the asset without trading time and energy for it.

2. Decentralized: no single person, entity, or group can change the network without consensus.

3. Scalable: easily divisible and quickly portable or available to trade.

If you were 5? I guess I’d say you can be confident the work you are paid for won’t be stolen, diluted, or changed and you don’t need anybody’s permission to access it or spend it.

Just to poke the bear.

Doesn't Bitcoin solve all of those. And has first movers advantage and network effect?

Bitcoin can’t scale. It’s not used as P2P cash as intended but Satoshi. Hence L2s like Lightning and mottos like “never sell your Bitcoin”. The transaction space per block is not there.

I do disagree. I'm confident it can and will scale with tools like lightning and ones being built.

I'm not educated enough to go deep. But I haven't been convinced something else is a better solution and that bitcoin isn't the alpha

Sure it can scale on the L2, but it’s not Bitcoin, right? There’s a reason your Bitcoin and Lightning address isn’t the same. There’s a reason Watchtowers exist for retroactive regulation of bad actors. And yes not permission-less unless you are on your own channel. You need somebody to allow you to transition Lightning Sats to BTC, like Jack. And Lightning transactions don’t support the miners. And the fees are unpredictable on Lightning.

Just knowing that Lightening doesn’t support BTC miners should be enough for you. “Never sell your Bitcoin” and L2 isn’t Satoshi’s vision. Bitcoin can’t scale as it is. Saying it will in the future is a subjective hope. And that’s fine, if that’s where you land. Subjective hope is something. But objectively, it can’t scale as is.

I will continue to read your posts and others opinions.

I appreciate your contrarian approach 👊

Mostly, I just don't see anything at the moment that actually does solve any potential problems. So this pleb here will just keep stacking and reading. 🫡

And by all means, poke the bear. I welcome challenging consensus. If we don’t all challenge consensus, that’s how you end up getting vaccinated for COVID.

Do you disagree?

Thanks for being open-minded. Only after exploring about the design, technical stuff and utility of other coins can we truly appreciate the beauty of Bitcoin and how irreplaceable and unique Bitcoin is

You have been ragebaiting me a bit lately, but I'll bite on this normal post because I've been saying "99% of all coins are scams" for many years.

To preface, I've been in the industry for 5 years and dealt with the tech/code of more than 25 crypto projects.

My 1%:

Bitcoin (until it becomes non-fungible under Big Brother).

ETH, still a ton of utility, but with scams too heh.

Projects like TRON that basically allow poor 3rd worlders to save money.

Privacy coins (the true cryptocurrencies???)

Some projects are just tech experiments where they want to implement some new finding in cryptography. These are mostly just nerds who want to "just build". I've come across some who aren't even interested in crypto, but the tech allows for research into other areas like compilers and stuff.

Fun fact: sending USDT on Tron is now more expensive than on ETH. But the “poor 3rd worlders” still pay for it because even $5 is cheaper than Western Union.

We can consider them 2nd worlders now!

Monero = Top privacy coin. Get it and HODL, when the government systems crash, you will still have something not on Chinese Social Communist watchdogs in the USA.

🤮

You failed to mentioned Handshake. A great project with no premine and nonbullshit tokenomics. It's more worthy than ETH for sure - A true dis-intermediation of top level DNS.

A bunch of non-sequitur

Bitcoin only has been a psyop since at least 2019.

All the alts I looked at were shit so far, some guy could print more for himself whenever he wanted

It’s possible that some other ones are solid but I doubt it and I only need one, bitcoin

lol that’s the typical NPC response

Not convinced dude

You need to be a little convincing if u want other to buy shitcoins

Maybe say it’s going to the moon 🤣🤣

99%? No, 100% of altocoins are either shit or scams.

you forgot $erg

Bro failed the bitcoin ego test. Sorry mate you’re the one out of touch.