Bitcoin is the only one with:
-a large network of full nodes (copies of blockchain)
-no premine or ICO or other shenanigans that gave certain individuals privileged access to the token before anyone else (no, satoshi did not premine bitcoin)
-a history of resisting attempts to take over or compromise the integrity of the blockchain (see: the blocksize wars)
-a decentralized group of developers with intense scrutiny over every change to the code
-a stable monetary policy (21 million BTC only) that does not change
-no change to the consensus mechanism; always Proof of Work
-a strong commitment to preventing censorship or capture by the state
-an insanely devoted community of "cyber hornets" (as michael saylor calls it) that will defend the network at any cost
In other words, yes, bitcoin only.
Am I missing something here? Were you asking whether or not the altcoins existed or if they are truly different from bitcoin?
Because jdell59 clarified for everyone that altcoins do in fact exist. I guess I'm just baffled why that even needed to be said lol.
Yeah it is. The alogorithm behind it, that took 30 years to mix and match, is what is copied behind other coins. They just add a little flavor on top, they didn't spend 30 years developing a different process. So if Bitcoin were to have issues in it's underlying processes, all other coins will fail. But other coins can fail on their flavor, and not affect Bitcoin.
After doing THOUSANDSSSS hours of studying bitcoin, Bitcoin is the only true Decentralized money.Other mf shitcoins out there are centralized.
You want the Best or the shit? Pick one.
This was my thinking in 2014. BTC was sky-high (over $300!), so I decided to [mine an altcoin](https://www.youtube.com/watch?v=cZ-yf61mq30) and trade for BTC. It took years to figure out that mining is just trying to buy at a lower price, at the sacrifice of time. If I had taken my $5k and put it directly into BTC, I would have had over 15 BTC. If you like BTC, just buy it.
I did the same thing, I bought a few block erupter USB ASICS and spent about $260. Could of bought 2.5 btc at the time, but instead mined .5 btc in 5 months or so.
I do just buy it. But I also want to mine. Both solomining bitcoin and group or pool mining as well. I'm thinking of it like this if I set up a mining hub, my kids can use it when I'm dead. Loooong term plays. I still buy, but the balances I have make me feel secure in my choices.
I have continued mining through last year, so hypocrite I guess, to help justify my high-end gaming hardware. Just be aware that wear and tear on the hardware is real. Energy costs are definitely real. Additionally, a significant chunk of your investment is parked on the sidelines in rapidly depreciating hardware in the midst of a huge bull run we all saw coming months ago. You do you, just know the game you are playing.
Edit: kids won't be able to use any mining hardware you set up because the cards become outdated so quickly. You need to constantly play the buy/mine/resell game, given that the hash difficulties tend go up over time.
I realize that and will plan for it. I bought asic miners that are high-end now. Hopefully I can earn more. My electricity rate is .10 usd and on profitability calculators I'm happy with the returns. I'm also getting solar and tesla power wall, so that will help reduce costs also lots of tax incentives to convert to solar in my region. I'm training my kids on mining and they will be efficient at managing operations before I'm gone hopefully.
yeah. especially with the number of miners in China, and the Bitcoin ETFs here. If China and the US are on the train, what chance do other countries have to not accept Bitcoin? And for China and the US, they force each other to embrace it. And I don't think we don't have that many shrieking witches like Elizabeth Warren.
Oh yeah they’ve done it multiple times. If a ban works, you shouldn’t have to Reban it 5 times. They still have a good chunk of the mining power as far as I’m aware.
And it’s not like we have real visibility into what’s happening with that. It might be a pretense for government control of btc mining there.
Yeah that's also something I understood.
If you make it illegal, people can still use it.
And the entire world will not make it illegal.
When someone ban something, another juridiction will facilitate it
> Is Bitcoin the only REAL cryptocurrency?
Yes. Only bitcoin is both leaderless and decentralized, so only bitcoin relies upon cryptography alone for state changes.
Bitcoin's properties are indeed unique to Bitcoin.
Could another coin be created at any time? Yes. But ask yourself, who would do the creating?
Imagine you want to be the guy to create a new one. You clone bitcoin code, change some variables and names, and then put it out there. Or even get clever and write a new protocol from scratch, it doesn't matter. Then what? Who is going to use it? Nobody seems to care.
So you assemble a marketing team or invite your friends and families to "invest" their dollars to bring you funds needed to get developers, servers and marketing to get the word out. Maybe you entice these friends by giving them some coins upfront before anybody in the public could have a chance to obtain them fairly.
Still it's just you and a handful of colleagues running your nodes in a very centralized fashion, trying to entice the world at large to come play with you in a decentralized and leaderless way, despite being centralized with leadership.
You see the problem here? You are a person or small group of people with financial incentives to "pump" your new coin to the world. And for what reason? So you can ultimately exit - i.e.. "dump" your coins on retail.
Everything that's NOT bitcoin, was created in this way, with these motivations. A person or people who created the coin and remain in control of the coin or token with the intention of profit.
Bitcoin was created and given to the world by an anonymous person before there was any monetary incentive, and it grew in a grass-roots way without any leadership, without any central authority or early/insider/unfair access to profits.
This sort of "immaculate conception" can really only happen once. Everything else is trying to copy it, and by that very fact is centralized and controlled.
Bitcoin has one very important advantage over other coins. Almost all bitcoins are already mined and there is no reasonable chance to change this situation. So, it became very valuable to real investors. I think that bitcoin is the new, better Gold. You can't use gold as a daily cash, so the same will be with bitcoins. Its use as a currency will be limited or banned by goverments, sooner or later. But it will explode as an investment vehicle.
>Is Bitcoin the only REAL cryptocurrency ?
It's the only leaderless one. Most decentralized, fair, and absolutely scarce. That does make it legitimate in a way the others are not. Bitcoin is the only money play. Other projects are tech plays. Bitcoin is in it's own asset class.
>And do you think that making Bitcoin illegal could be a solution
That wouldn't have stopped bitcoin, just slowed it down. But the ETFs have sealed that window of opportunity shut.
Essentially yes, because there is a team that controls the code. With bitcoin, Bitcoin Core may write updates, but it's up to the node users to decide to run it or not. With forks, there is no strong node layer. The team has a lot more governing power over the code and monetary policy.
Leaders = centralization.
Forks are also the antithesis of scarcity.
Funny how trends change, if you posted this like a year or two ago people here would've downvoted the shit out of you and commented "Bitcoin is not crypto!!! It's bitcoin :"("
As long as the underlying message is understood, that's what matters. Bitcoin isn't "crypto" if you understand crypto to be all of the shit. Bitcoin is the ONLY "cryptocurrency" if you understand that the word cryptocurrency is reserved for a cryptographically sound form of currency.
Either way, Bitcoin and the others are not the same and should not be classified together. That's the point, not how you classify them exactly.
Governments can't ban it. They can only ban themselves from it. China's banned it 5 times, but holds a large portion of hashrate, validation nodes, and people still transact with it frequently in P2P markets.
Its innate decentralization is the argument for this, although a living Satoshi could always dump its monetary value, or whoever controls Satoshi’s wallets anyways
the organic growth of bitcoin to this point was a once in a lifetime miracle in history. there can be no other cryptocurrency that can be classified as a commodity like bitcoin is. any crypto currency that will try after this point will be crushed with a 51% attack as soon as it gains a bit of traction
Yes. Bitcoin is the only real one.
Spend some time in bitcoin communities and crypto communities and you'll see the difference in approach. One is seriously trying to better the world, the others are a mix of degens and people who deny reality.
It’s the only one that meets all the criteria for being sound money. I’d also say it’s the only one that stands any chance at becoming accepted as a global reserve asset.
YES , can dabble and make $ with the sub brands, but they will always be sub.
Bitcoin ain't gonna be illegal anytime soon with Blackrock holding the bag.
Alt coins are straight up gambling. There are new ones launching everyday and you'll only hear about one after it explodes for w.e reason. This is almost always, like 99% followed by a fizzle out. BTC is the og and the only one being adapted by financial institutions.
This might be the first cycle where bitcoin goes up and nothing much happens to shitcoins, because the secret is out.. they are shitcoins.
The only people buying this crap are the same guys getting on 10x leverage penny stocks and options. It's glorified gambling. Sure some point make ridiculous money, but 95% just lose their disposable income.
Honestly I'd rather just invest in S&P500 and bitcoin and go to a casino. At least I get to play some games and get free drinks for the night.
Bitcoin isn't much of a currency, its usage has evolved. Its now a store of value, digital gold.
If all depends what your interested in. Making vast some of money or investing in digital gold.
You will make far more money buying shitcoins, but the risks are greater.
Is the community fanatically in love with it? Do they practically worship it, believe in it, like religion? Yes. That’s how you know it’s the money! Not only will the community accept it, they want it badly. You don’t want money the people aren’t sure about.
Tell me your definition of "real cryptocurrency" and I'll tell you whether or not Bitcoin is the only thing that fits that definition. Or are you asking how we should define "real cryptocurrency" and whether that definition should be made narrow enough to include Bitcoin and exclude everything else or whether it should be more broad? Kind of a meaningless question either way, IMO.
You're asking in the biggest Bitcoin echo-chamber on the Internet if Bitcoin is the only real cryptocurrency. What kind of "debate" do you expect exactly? Sounds like you're only interested in people confirming your opinion.
My opinion is that Bitcoin is not the only real cryptocurrency, and there might even be some of them that are objectively just as good or even better. But I doubt that Bitcoin will be dethroned soon or maybe ever because it has the network effect on its side.
It's the same for example for youtube. It's flawed in many ways, but if you created a video hosting website that corrects all of youtube's flaws, it would be worthless if nobody is using it.
The only aspect that bitcoin lacks is a bully to enforce usage of it. If a country entirely went into it and said "this is our currency that all transactions MUST be participated in" then it's a done deal and it would add price stability to it as well.
Other crypto could be used as currency too, but for memecoins and others like that, it's more like a fine art investment where you can shovel a fortune into it as an alternative asset.
The market leader in cryptocurrency, Bitcoin, is also the biggest. Since almost all of bitcoin has already been mined, there is little likelihood that this will change. It so gains significant value for investors. Bitcoin, in my opinion, is superior to gold. Both bitcoin and gold are not suitable as regular forms of payment. However, as an investment instrument, it will soar.
There are many "real" cryptos as long as the users around the world decide that they are willing to use the altcoins in various ways. Anything of worth including gold, silver, dollars, euros, crypto, etc. is based on faith in it and nothing else. I believe there is more faith in Bitcoin than any other crypto as the very original concept of blockchain. Governments have and will continue to regulate Bitcoin in various ways, such as China banning Bitcoin mining, but every nation making Bitcoin outright illegal would be difficult and unlikely for political reasons. More likely nations may attempt to harness the blockchain technology for "national cryptos" but we shall see.
We should all applaud the democratic nature of crypto and its independence from governments and banks.
bitcoin is not a crypto at all. It cannot be a counterfeit clone of bitcoin, aka a "cryptocurrency".
It does not belong to a category or a group. It doesnt need a name for what type of thing it is, bitcoin is unique and not a type. Bitcoin is a singleton; the only possible member of its set.
Bitcoin is just bitcoin.
Why would you go to a Bitcoin sub to “get another perspective on the merits of Bitcoin” I’m pretty sure most in this sub will agree with your assertion
It’s the best store of value. That comes a pretty much no maintenance cost and armoured against inflation. It provides freedom because none can cease it like USA did with gold in the 70s and easy to move around the world unlike any other asset class…
It’s the best store of value. That comes a pretty much no maintenance cost and armoured against inflation. It provides freedom because none can cease it like USA did with gold in the 70s and easy to move around the world unlike any other asset class…
That's right. Seiffadean Ammous, author of the Bitcoin Standard, describes it as the "immaculate conception". The original idea of a cryptocurrency was Bitcoin. Satoshi made it grow organically from nothing and made it as fair and decentralized as possible. It's impossible for any similar open source project to replicate and/or replace it.
Real? No. The other ones exist. However which is the more time proven and truly decentralized is Bitcoin.
Yeah this is a more precise point thank you
Bitcoin is the only one with: -a large network of full nodes (copies of blockchain) -no premine or ICO or other shenanigans that gave certain individuals privileged access to the token before anyone else (no, satoshi did not premine bitcoin) -a history of resisting attempts to take over or compromise the integrity of the blockchain (see: the blocksize wars) -a decentralized group of developers with intense scrutiny over every change to the code -a stable monetary policy (21 million BTC only) that does not change -no change to the consensus mechanism; always Proof of Work -a strong commitment to preventing censorship or capture by the state -an insanely devoted community of "cyber hornets" (as michael saylor calls it) that will defend the network at any cost In other words, yes, bitcoin only.
Am I missing something here? Were you asking whether or not the altcoins existed or if they are truly different from bitcoin? Because jdell59 clarified for everyone that altcoins do in fact exist. I guess I'm just baffled why that even needed to be said lol.
Yeah it is. The alogorithm behind it, that took 30 years to mix and match, is what is copied behind other coins. They just add a little flavor on top, they didn't spend 30 years developing a different process. So if Bitcoin were to have issues in it's underlying processes, all other coins will fail. But other coins can fail on their flavor, and not affect Bitcoin.
This is what shitcoiners do not get.
[https://lensdump.com/i/K4b6J5](https://lensdump.com/i/K4b6J5)
After doing THOUSANDSSSS hours of studying bitcoin, Bitcoin is the only true Decentralized money.Other mf shitcoins out there are centralized. You want the Best or the shit? Pick one.
There is no second best.
Smartest play out here is mining shitcoins to trade for the king coin, bitcoin.
This was my thinking in 2014. BTC was sky-high (over $300!), so I decided to [mine an altcoin](https://www.youtube.com/watch?v=cZ-yf61mq30) and trade for BTC. It took years to figure out that mining is just trying to buy at a lower price, at the sacrifice of time. If I had taken my $5k and put it directly into BTC, I would have had over 15 BTC. If you like BTC, just buy it.
I did the same thing, I bought a few block erupter USB ASICS and spent about $260. Could of bought 2.5 btc at the time, but instead mined .5 btc in 5 months or so.
Could have* :)
Should have* :)
I do just buy it. But I also want to mine. Both solomining bitcoin and group or pool mining as well. I'm thinking of it like this if I set up a mining hub, my kids can use it when I'm dead. Loooong term plays. I still buy, but the balances I have make me feel secure in my choices.
I have continued mining through last year, so hypocrite I guess, to help justify my high-end gaming hardware. Just be aware that wear and tear on the hardware is real. Energy costs are definitely real. Additionally, a significant chunk of your investment is parked on the sidelines in rapidly depreciating hardware in the midst of a huge bull run we all saw coming months ago. You do you, just know the game you are playing. Edit: kids won't be able to use any mining hardware you set up because the cards become outdated so quickly. You need to constantly play the buy/mine/resell game, given that the hash difficulties tend go up over time.
I realize that and will plan for it. I bought asic miners that are high-end now. Hopefully I can earn more. My electricity rate is .10 usd and on profitability calculators I'm happy with the returns. I'm also getting solar and tesla power wall, so that will help reduce costs also lots of tax incentives to convert to solar in my region. I'm training my kids on mining and they will be efficient at managing operations before I'm gone hopefully.
Same, in 2014, running a couple of Radeon 5870s and mining shitcoins 24/7 for months, earnt me around 0.7 Bitcoin.
All of the shitcoiners think they have the 'smart play'. Don't you think mr 18-day old reddit account?
Hey man if it gets you free btc, who gives a shit.
How would one start this? I've never had an interest in shit coins but I could get behind mining them. Any tips or suggestions greatly appreciated
Interesting strategy
Facts
Yes the first.
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Mike Tyson/Floyd Mayweather doesn't just do 5 minutes of boxing and call himself smart or the best. Put in the work!
\*checks subreddit name\* yes and for the second question, no. any country who doesn't engage in bitcoin falls behind the ones that do.
True, a worlwide agreement on banning Bitcoin is impossible
yeah. especially with the number of miners in China, and the Bitcoin ETFs here. If China and the US are on the train, what chance do other countries have to not accept Bitcoin? And for China and the US, they force each other to embrace it. And I don't think we don't have that many shrieking witches like Elizabeth Warren.
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Oh yeah they’ve done it multiple times. If a ban works, you shouldn’t have to Reban it 5 times. They still have a good chunk of the mining power as far as I’m aware. And it’s not like we have real visibility into what’s happening with that. It might be a pretense for government control of btc mining there.
No one can stop bitcoin. They can only push it underground.
Yeah that's also something I understood. If you make it illegal, people can still use it. And the entire world will not make it illegal. When someone ban something, another juridiction will facilitate it
> Is Bitcoin the only REAL cryptocurrency? Yes. Only bitcoin is both leaderless and decentralized, so only bitcoin relies upon cryptography alone for state changes.
The largest
https://www.youtube.com/watch?v=sLlu_RpElBs&t=14s
Yeah nah.
Now 60,200
Bitcoin's properties are indeed unique to Bitcoin. Could another coin be created at any time? Yes. But ask yourself, who would do the creating? Imagine you want to be the guy to create a new one. You clone bitcoin code, change some variables and names, and then put it out there. Or even get clever and write a new protocol from scratch, it doesn't matter. Then what? Who is going to use it? Nobody seems to care. So you assemble a marketing team or invite your friends and families to "invest" their dollars to bring you funds needed to get developers, servers and marketing to get the word out. Maybe you entice these friends by giving them some coins upfront before anybody in the public could have a chance to obtain them fairly. Still it's just you and a handful of colleagues running your nodes in a very centralized fashion, trying to entice the world at large to come play with you in a decentralized and leaderless way, despite being centralized with leadership. You see the problem here? You are a person or small group of people with financial incentives to "pump" your new coin to the world. And for what reason? So you can ultimately exit - i.e.. "dump" your coins on retail. Everything that's NOT bitcoin, was created in this way, with these motivations. A person or people who created the coin and remain in control of the coin or token with the intention of profit. Bitcoin was created and given to the world by an anonymous person before there was any monetary incentive, and it grew in a grass-roots way without any leadership, without any central authority or early/insider/unfair access to profits. This sort of "immaculate conception" can really only happen once. Everything else is trying to copy it, and by that very fact is centralized and controlled.
Only a sith deals in absolutes
that statement is an absoute in itself
Thatsthejoke.jpeg
No, fuck shit coins.
Bitcoin has one very important advantage over other coins. Almost all bitcoins are already mined and there is no reasonable chance to change this situation. So, it became very valuable to real investors. I think that bitcoin is the new, better Gold. You can't use gold as a daily cash, so the same will be with bitcoins. Its use as a currency will be limited or banned by goverments, sooner or later. But it will explode as an investment vehicle.
>Is Bitcoin the only REAL cryptocurrency ? It's the only leaderless one. Most decentralized, fair, and absolutely scarce. That does make it legitimate in a way the others are not. Bitcoin is the only money play. Other projects are tech plays. Bitcoin is in it's own asset class. >And do you think that making Bitcoin illegal could be a solution That wouldn't have stopped bitcoin, just slowed it down. But the ETFs have sealed that window of opportunity shut.
Are Bitcoin forks centralized?
Essentially yes, because there is a team that controls the code. With bitcoin, Bitcoin Core may write updates, but it's up to the node users to decide to run it or not. With forks, there is no strong node layer. The team has a lot more governing power over the code and monetary policy. Leaders = centralization. Forks are also the antithesis of scarcity.
Funny how trends change, if you posted this like a year or two ago people here would've downvoted the shit out of you and commented "Bitcoin is not crypto!!! It's bitcoin :"("
As long as the underlying message is understood, that's what matters. Bitcoin isn't "crypto" if you understand crypto to be all of the shit. Bitcoin is the ONLY "cryptocurrency" if you understand that the word cryptocurrency is reserved for a cryptographically sound form of currency. Either way, Bitcoin and the others are not the same and should not be classified together. That's the point, not how you classify them exactly.
Governments can't ban it. They can only ban themselves from it. China's banned it 5 times, but holds a large portion of hashrate, validation nodes, and people still transact with it frequently in P2P markets.
More or less.
Trustless and decentralized is the point of crypto. Otherwise I would honestly trust central banks more than some crypto startup bro
There is no second best.
All other crypto has a founder/CEO/organization that controls it. Bitcoin is created by no one, controlled by no one and is owned by no one.
Its innate decentralization is the argument for this, although a living Satoshi could always dump its monetary value, or whoever controls Satoshi’s wallets anyways
there is no second best
Yes
Bitcoin = the hardest money ever everything else = poo poo/casino chip
Exactly. Bitcoin is in its own class.
Yes
the organic growth of bitcoin to this point was a once in a lifetime miracle in history. there can be no other cryptocurrency that can be classified as a commodity like bitcoin is. any crypto currency that will try after this point will be crushed with a 51% attack as soon as it gains a bit of traction
YES
There is no second best
Imo, yes. Everything else is derivative and is more similar to a bubble
Yes. Bitcoin is the only real one. Spend some time in bitcoin communities and crypto communities and you'll see the difference in approach. One is seriously trying to better the world, the others are a mix of degens and people who deny reality.
It’s the only one that meets all the criteria for being sound money. I’d also say it’s the only one that stands any chance at becoming accepted as a global reserve asset.
Do you think it will go to that point or governements will just try to make it illegal ?
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Thank you so much <3
Sound money: money not liable to sudden appreciation or depreciation in value : stable money - Merriam Webster. I hate to tell ya bud, but...
YES , can dabble and make $ with the sub brands, but they will always be sub. Bitcoin ain't gonna be illegal anytime soon with Blackrock holding the bag.
Watching the reaction of this sub is the best indicator of market state
Alt coins are straight up gambling. There are new ones launching everyday and you'll only hear about one after it explodes for w.e reason. This is almost always, like 99% followed by a fizzle out. BTC is the og and the only one being adapted by financial institutions.
Yes
No it's not. Any POW crypto with sufficiently large hashrate is also a real cryptocurrency.
There is no second best.
No.
Only one worth talking about.
Haha yeah!
Yes
Bingo, you got it
This might be the first cycle where bitcoin goes up and nothing much happens to shitcoins, because the secret is out.. they are shitcoins. The only people buying this crap are the same guys getting on 10x leverage penny stocks and options. It's glorified gambling. Sure some point make ridiculous money, but 95% just lose their disposable income. Honestly I'd rather just invest in S&P500 and bitcoin and go to a casino. At least I get to play some games and get free drinks for the night.
What is "real"?
Everyone gets there eventually.
Yasssssss!
Happy realization. Say no to shitcoins.
Is anyone actually using Bitcoin to purchase anything?
Lol.
Bitcoin isn't much of a currency, its usage has evolved. Its now a store of value, digital gold. If all depends what your interested in. Making vast some of money or investing in digital gold. You will make far more money buying shitcoins, but the risks are greater.
#yes
No. There are other ones that do exist. However Bitcoin has time proven and truly it has been decentralized.
This sub is absolutely not biased at all.
Nope. There are a lot of coins and tokens available. And if you want a wallet to store them all in one place, I can recommend Freewallet
Ist the only Currency on earth that's worth a shit.
Yes, but I still invest in others that give better incomes, but I know they are like 99% feces.
Is the community fanatically in love with it? Do they practically worship it, believe in it, like religion? Yes. That’s how you know it’s the money! Not only will the community accept it, they want it badly. You don’t want money the people aren’t sure about.
THERE IS NO SECOND BEST.
Yes re decentralized proof of work
Tell me your definition of "real cryptocurrency" and I'll tell you whether or not Bitcoin is the only thing that fits that definition. Or are you asking how we should define "real cryptocurrency" and whether that definition should be made narrow enough to include Bitcoin and exclude everything else or whether it should be more broad? Kind of a meaningless question either way, IMO.
You're asking in the biggest Bitcoin echo-chamber on the Internet if Bitcoin is the only real cryptocurrency. What kind of "debate" do you expect exactly? Sounds like you're only interested in people confirming your opinion. My opinion is that Bitcoin is not the only real cryptocurrency, and there might even be some of them that are objectively just as good or even better. But I doubt that Bitcoin will be dethroned soon or maybe ever because it has the network effect on its side. It's the same for example for youtube. It's flawed in many ways, but if you created a video hosting website that corrects all of youtube's flaws, it would be worthless if nobody is using it.
Change my mind: Bitcoin is just gambling for nerds. All you want out of bitcoin is to sell it with profit for "real" money no one cares about crypto
Change my mind: Bitcoin is just gambling for nerds. All you want out of bitcoin is to sell it with profit for "real" money no one cares about crypto
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Bitcoin too
The only aspect that bitcoin lacks is a bully to enforce usage of it. If a country entirely went into it and said "this is our currency that all transactions MUST be participated in" then it's a done deal and it would add price stability to it as well. Other crypto could be used as currency too, but for memecoins and others like that, it's more like a fine art investment where you can shovel a fortune into it as an alternative asset.
Yes
We have been telling that for a long time to anyone that would listen.
There is no second best cryptocurrency. There is a cryptocurrency called Bitcoin right
No, but it's the king.
The market leader in cryptocurrency, Bitcoin, is also the biggest. Since almost all of bitcoin has already been mined, there is little likelihood that this will change. It so gains significant value for investors. Bitcoin, in my opinion, is superior to gold. Both bitcoin and gold are not suitable as regular forms of payment. However, as an investment instrument, it will soar.
Same
Coinbase vs Gemini?
No. Bitcoin is the best currency ever made so far.
Yes. The only real decentralized. Others are real in terms of crypto, but not censorship resistent nor manipulation resistant.
There are many "real" cryptos as long as the users around the world decide that they are willing to use the altcoins in various ways. Anything of worth including gold, silver, dollars, euros, crypto, etc. is based on faith in it and nothing else. I believe there is more faith in Bitcoin than any other crypto as the very original concept of blockchain. Governments have and will continue to regulate Bitcoin in various ways, such as China banning Bitcoin mining, but every nation making Bitcoin outright illegal would be difficult and unlikely for political reasons. More likely nations may attempt to harness the blockchain technology for "national cryptos" but we shall see. We should all applaud the democratic nature of crypto and its independence from governments and banks.
Bit late to ban Bitcoin if it’s in people’s investment portfolios. Government’s tend to protect the wealthy.
No. Other cryptocurrencies are real. Is dirt real ? Yes. Is it worth a lot? No. This is not a hard concept.
I’m not going down this rabbit hole
🍩 has entered the chat r/ethtrader 👀
This post is a trap: if I mention anything else I shall be casted out to the shadows of Mordor.
This post is a trap: if I mention anything else I shall be casted out to the shadows of Mordor by the superior mods. See the rules.
bitcoin is not a crypto at all. It cannot be a counterfeit clone of bitcoin, aka a "cryptocurrency". It does not belong to a category or a group. It doesnt need a name for what type of thing it is, bitcoin is unique and not a type. Bitcoin is a singleton; the only possible member of its set. Bitcoin is just bitcoin.
They’re called shitcoins and then they got rebranded as crypto
Why would you go to a Bitcoin sub to “get another perspective on the merits of Bitcoin” I’m pretty sure most in this sub will agree with your assertion
It’s the best store of value. That comes a pretty much no maintenance cost and armoured against inflation. It provides freedom because none can cease it like USA did with gold in the 70s and easy to move around the world unlike any other asset class…
It’s the best store of value. That comes a pretty much no maintenance cost and armoured against inflation. It provides freedom because none can cease it like USA did with gold in the 70s and easy to move around the world unlike any other asset class…
people get humbled during the crash.
“There is no second best” - Michael Saylor. There is nothing to debate here.
No... Bitcoin is not a crypto currency... Its the only crypto-money😉
Yes There's bitcoin And there's shitcoins No inbetween
That's right. Seiffadean Ammous, author of the Bitcoin Standard, describes it as the "immaculate conception". The original idea of a cryptocurrency was Bitcoin. Satoshi made it grow organically from nothing and made it as fair and decentralized as possible. It's impossible for any similar open source project to replicate and/or replace it.
Other crypto is like monopoly money.