Gm Nostr 🌞
Tomorrow I’m taking part in a “debate” about bitcoin vs altcoins.
I was hoping to just ignore the debate and orange pill the guy I’m debating.
But inevitably I’ll get drawn into it.
Please help: articles, arguments, and ideas on the topic of Bitcoin versus shitcoins?
💜
This video is a classic.
I question their morals when shitcoining because most people shitcoin only to try and get more #Bitcoin by buying up something they know isn't as good with the intention to dump it on unsuspecting and well-to-do newcomer later.
Secondly, all shitcoin risk-reward calculations need to factor in the taxes they pay when swapping to Bitcoin. Do I think shitcoin XYZ will outperform Bitcoin enough to cover taxable gains when swapping or should I just buy Bitcoin and pay no taxes instead?
Thirdly, how much time is lost in all this research and charting is the main reason to not shitcoin.
Just stay humble, stack sats, touch grass. It's basic 9th grade math.
See list of articles here:
https://twitter.com/MBitcoiner/status/1577056061982330880?s=19
Also see section here:
GM☕️
Good info on energy use: https://ccaf.io/
That'll be one of the main points for him. 
I like to actually show things in use. Get a hundred dollars worth of Bitcoin, ether and Solana. Show them in use. Bitcoin l1 and lightning. Show zaps here and on fountain. Then try to do anything on eth or sol. I predict fees and bugs. Bitcoin just works and people get lost in philosophy. Show the difference!
SCARCITY. nothing is rarer than bitcoin
monitor this 👇
#bitcoin #maximalist
nostr:note1t94w0mleu2k8x6yzgqscdfhcellqapd09e5vustcmda9jy0lhquqtul8qg
The quick answer is that Bitcoin is decentralized and alt coins are not.
The longer answer is p.o.s. cannot be a viable form of money, p.o.w. is required (spend as much time as you want on this point lol). And since only pow chains are worth being money the hashrate on Bitcoin is the signal.
Temptation to create more money has failed 100% of the time when humans have been given the power to do so. So why would that change now? Only bitcoin can’t be changed by any person or group. Everything else requires trust.
Every altcoin has VC involvement, and/or massive pre-mints . its how they are funded.
Show how this provides huge incentive for management to engage in practices which pump their tokens
Bitcoin: decentralized
Crypto: centralized
Bitcoin: savings account for honest workers
Crypto: gambling for the desperate
Bitcoin: simple value prop, true scarcity
Crypto: marketing buzzword garbage
Bitcoin: altruistic gift to the planet
Crypto: designed to enrich founders
