#asknostr
I have a question to #Bitcoin maxis. Why is it so important to you to centralize all value to Bitcoin?
Discussion
If you had a choice, would you store water in a bucket with holes that could fall apart at any second, or a perfectly made bucket?
If you were on the titanic and found a flaw in all of the lifeboats except one, would you split your family up across multiple lifeboats to 'diversify'?
No, you'd put them all in the 1 good lifeboat
Defnitly.
Present me the flaws of Monero. Proof for the flaws in Solana. When you manage to show a good verifieable proof your comparison has some legitimation.
I did use several cryptocurrencies. And never lost crypto. So it seems the ones, which have actual value seem to work. Their value would be around 0 within hours, if an Exploit works.
It's not for us to prove or disprove anything to you. Especially when you are in such a defensive mood.
Ultimately we have our opinions which we have built over time and there is not one thing or one flaw that guides us, but time and experience which is near impossible to transfer to another in a few online messages.
All I can say is that it seems your bar for what works is low IMO and short sighted.
You could argue that my view is narrow and too theoretical/impractical, but it isn't about funnelling value to one place, it is about giving ourselves, our friends, our peers, the best chance of overcoming the perils of a centralised money without just restarting the cycle because we allowed ourselves to use capturable money and allowed the money to be recaptured.
All fine. I get that your decision is to only buy Bitcoin. As long as you are able to accept that my decision differ from your one, this is all fine. But many maxis attack radically as you have seen in the other posts. To disqualifie other porjects out of the blue as it seems. Since no one delivers not even a single point which I could verify if I want to.
It is not that all value will centralize to bitcoin but all monetary value will be absorbed by bitcoin.
My car has utility value to transport me. Bitcoin will not take this away. However you would be less likely to store your wealth in cars in a world with perfect money which is what bitcoin represents.
Having no privacy is considered perfect for you?
Since your question was about value I was thinking simple of the store of value aspect and why people would choose to store their value in bitcoin.
As a medium of exchange bitcoin still has unsolved problems.
Fair point. With this argumentation I totally get. To have Bitcoin as a longterm storage for security and permissionless exchange valuestorage, it could might be the best cryptocurrency.
And I agree therefore it would be like the virtual gold.
Network-communication protocols trend towards one. This is descriptive, not prescriptive.
No one uses "TCP/IP maxi".
Adding "TCP/IP maxi" to my vocabulary, thanks.
Fuck forcing everyone to use TCP/IP
This can be true. So to see which is growing faster one can compare their performance. Of the top marketcaps, ETH underperforms BTC.
But SOL overperforms Bitcoin ever since and BNB overperforms BTC as well. So based on what data your description is made?