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The problem with this analogy is that most of the rocks that are being hurled in bitcoin's direction come directly from the shitcoin industry...

They aren't protecting bitcoin from anything... They are attacking bitcoin.

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Rico 2y ago

Well we also can't expect Ethereum to do ALL the work and have NO planetary defenses. What would that say about Bitcoin?

What I hear is a great amount of deceptive rhetoric coming from attention seeking grifters who sell air to launder fiat. A lot of fear mongering and what-if tricks that try to sneak past game theory.

Let them hurl, what are they REALLY doing? None of the money that has flown and will continue to flow through erc20 ponzis would've been invested into Bitcoin if there where no crypto tokens. This kind of VC money is not meant to develop anything, or do anything but attract gamblers attention and milk them dry. I say this because it's one of Paul Sztorc's argument, the almighty marketcap, the flippening, etc..

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Discussion

bitcoinaz 2y ago

Why would a shitcoin overlord go through the process of getting approved by miners to get in one of 256 available shitcoins slots and then be at their mercy when they can create their own pos shitchain or erc shittoken? It's not worth it, in shitcoin world it's all about the marketing, shit inside doesn't matter.

Rico 2y ago

If there were sidechains, there can't be any check on their validity other than the soundness of their scripts. They need to be protected by consensus and the power of Bitcoin. It is up to nobody to preemptively judge the validity of the ApePunk9000YeMuskInu-token.

If we ever came to discuss why a miner disallows the ApePunk9000YeMuskInu-token but the DeSantis24FuckWoke-token is granted, Bitcoin has died a long time ago.

Reed 2y ago

I'm just saying that earth actually needs Jupiter.

Bitcoin does not need any shitcoin to protect it from regulatory rocks.

Rico 2y ago

Yes, metaphor aside, I'm sure Bitcoin would do just fine if there was no Ethereum. We would need to deal with much more crap than we do already is what I think.