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The more your learn about how the alt coins work, then you see how essentially none of them are really decentralized at all. And any "thing" they claim to do or solve doesn't need to be a blockchain at all. So it's fugazi.

If you study long and hard enough you'll realise "crypto" is mostly all a hustle.

Bitcoin is the best, most battletested, oldest, most secure and decentralized Blockchain. Period.

This is why it's worth what it is and nothing else is even close.
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PBC 2y ago

See.... other crypto do have uses tho, smart contracts, NFTs, quick and cheap transactions just being a fewof the big ones.

You do make valid points about decentralization/centralization. PoS has a big flaw in this.

There are areas of centralization in BTC too and it can't do what a lot of other chains can. Sure it does what it does best..but it's not all encompassing.

I appreciate your input but it still sounds like echo chamber rhetoric.

After years and years of study I still see a very good and long term use case for many alts.

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Pablo Xannybar 2y ago

Funny you say quick and cheap transactions because the lightning network is easily top class in that arena.

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PBC 2y ago

Nano quickly comes to mind. There are others that fit on this playing field too.

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Pablo Xannybar 2y ago

How many people use Nano?

I mean if we're talking real world practical use here, we must take into account how battle tested a product is and how widely adopted it is.

Bitcoin Lightning is used to accept Bitcoin payments as legal tender in El Salvador.

Nano is accepted... where?

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PBC 2y ago

It's still fast and cheap and available. It works and has worked for a long time just as fast and just as cheap.

Being popular doesn't make it less or more so.

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Pablo Xannybar 2y ago

I'm talking about how battle tested it is, not popularity.

But adoption is also important because these are meant to be currencies. I could invent some hypothetical super coin that's amazing technologically, but if no one adopts it, it's functionally useless.

It is a matter of fact that Bitcoin is, well, Bitcoin. Even my grandma knows what it is. As I said, adoption is key when you're asking someone to accept something as currency. You're asking them to trust that it has value.

To me it makes no sense to gamble on whether Nano will ever be adopted for payments because it's cheap and fast when lightning already allows me to make cheap and fast payments in the most recognised and valuable cryptocurrency in the world.

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nobody 2y ago

Like I said. All those things you're listing don't require a blockchain whatsoever. And most have central points of authority and control... so comparing it to Bitcoin is ... silly IMO.

You're confusing NFT with ownership. All its doing is time stamping something or wayfinding. That's it. Most blockchains don't even store the Metadata or NFT itself.

It's like someone collecting Airmiles and cashing them out for a Power Washer and then claiming "Look! There is utility here so it's better than money!" Silly right.

Bitcoin is the best coded money ever to exist... not an opinion. Based on market cap and math.

Locking up Bitcoins in smart contracts in the payment channel of the Lightning Network makes it far better and faster than any other payment system you're referencing.

NFTs, Polygon, Etc etc... all pretty mickey mouse. They have more in common with Airmiles, Groupon, or Chuck E Cheese tokens - more centralized, less security, more gimmicky.

That's your answer. If you choose to believe otherwise then that's OK! You're free to love Shiba Inu Coin or SafeMoon or whatever other project. You do you. Have fun. Thanks for asking.

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PBC 2y ago

Blockchain makes them better, akin to what email does to snailmail. NFTs have many uses beyond proof of digital ownship. There are a plethora of examples beyond BYAC, games and art. It most definitely enhances what already exists and brings new uses. Dead wrong.

Let's get it strait, CBDCs are being brought in by The governments and those in power who wish to control us. The tools they use are not inherently good or bad. They are tools and just that and they will use whatever tools they can at thier disposal.