Replying to Avatar hh

Let the market do its thing. If alts end up being totally useless (which I think in an optimistic scenario 99% are), they'll simply go to zero.

If they end up carving out some use case for themselves (which in an optimistic scenario, I think is 99% unlikely), then we all end up winning.

We can have the arrogance to say we're 99% sure that BTC will prevail and everything will go to zero. But we can't have the arrogance to also pretend to know the time line, and to force everybody to accelerate it.
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hh 1y ago

Forgot to add:

Don't take it badly, but your argument is identical to the argument of the gold bugs. They are very sure of their thesis, but there is also an element of "these BTC people are taking liquidity away from My Precioussss!" behind their obsession against BTC that is just not right.

The Printer goes BRRRR badly enough that there is enough market cap for everybody. Just let the market sort it out. No need to quarrel.

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Phil 1y ago

I hear you, but I sympathize more with gold bugs because they are solving for same thing we are, but just can’t see that a better solution exists.

Much of crypto is actual fraud and VCs dumping on retail where people who don’t know any better are the victims. So, not sure bitcoiners vs crypto is the same as gold bugs vs bitcoiners.