1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[DaddyFresh]

How does one plug ETH when Eth is already a given, Almost everyone who mentions casino coins have expressed that they roll profits into ETH

In this thread at least, now the separate crypto threads

Most people here and on real life think ETH and ETC are the same thing. So anyone dropping ETH as a long term investment is dropping knowledge. Their was literally a thread on here hyping up ETC and by the comments majority thought it was the real ethereum

 

[Payday23]

Asscoin still going. 3 dollars in ass coin turned into 100 in 24 hours

Lol congrats

 

[heisenburrr]

the dollar as a store of value is to yahoo as bitcoin as a store of value is to google

Nah. He was implying that ETH is more tech than SoV/money and that tech gets more easily replaced

 

[heisenburrr]

When something different and better comes along. Like look at the yahoo and google analogy. Look at the car industry. Ford was the original and creator but it's not the current best selling brand. Nothing is guaranteed. Technology always evolving and who knows when something different may come around that the people have more interest in. Not saying it may happen soon but the possibility of it happening are there.

Those analogies don't apply because there is zero cost to switch from yahoo to google.

Cars even worse because there's no network effect involved here.

 

[mannyrs13]

SANSHU mooning

On where?

 

[heisenburrr]

You can hop from Yahoo to Google or Myspace to Facebook without a care in the world because all you need is your email address to sign up. There was no money involved on your part. Institutions have put billions into bitcoin, they've made substantial changes to the financial system for bitcoin. They made their choice and will be highly invested in maintaining that. Again pay attention to the news. Where is all the wealth going? Into bitcoin. Store of wealth is not about fast transactions per second. It's about the stability and security. NOT about the tech

Any new coin that you think can take over bitcoin has to prove they are more secure than btc that has been the most secure blockchain for 12 years and counting. Zero down time. How else can you prove that other than time AND convince companies, institutions, and people to move their wealth to it? The network effect is gigantic. It's pretty much not going to happen for store of wealth

 

[heisenburrr]

what does he know about technology to make that statement?

He is confident in that statement precisely because he's smart enough to know this isn't about the technology

 

[Payday23]

Why is YFI never talked about?
I just found out about it today. Was that considered a shyt coin back in the day?

No. It exploded almost immediately.

 

[null]

He is confident in that statement precisely because he's smart enough to know this isn't about the technology

well thanks for the compliment .

Spoiler: smart confident me ...

the problem is that BTC-posse speaks with forked tongues.

if they are honest that a core function of BTC (as it stands) is speculation then they can explain how a new better technical product won't have that.

but if they stick to their claims of wanting an independent currency ONLY (without wild appreciation), then that means they leave themselves over to technical replacement.

those forked tongues will manifest itself even without the same sentence.

it's like some sort of 1984 newspeak where people just ignore the blatant contradictions. like they didn't happen.

following on from your anticipated position from my "smart confident position of knowing that already" the market gap for an independent e-currency actually is about the technology and that market gap is the one a fully-working trust-less currency will fill.

once stripped of that pretence, positioning and possibility BTC may well be reduced to the gambling den you tacitly admit that it is. or the wild west.


who knows but society will be moving on with the improvement that actually works.

possibly

 

[NotaPAWG]

PAW

PooCoin BSC Charts





These dog coins been going crazy with gains and this is only couple hours old, not even a million MC. 50 bucks will get you a HEAvY bag.


Only invest what you can afford to lose

 

[heisenburrr]

Spoiler: ...

same 3iQ same with bitwise.

name me 5 investment companies (principle activity with asset reports) that ONLY invest in BTC and no other cryptos.

Institutional demand goes beyond "investment" companies but I'll entertain you....

Fidelity, Ruffer Investment Group, MassMutual, Stoneridge/NYDIG, Skybridge are all Bitcoin-only.

The amount of institutional demand and acceptance on public balance sheet for Bitcoin dwarfs any other cryptocurrency. ETH has made some leaps lately but it is barely approaching Bitcoin's scale in this aspect.

Other Grayscale funds are irrelevant footprints.

no idea what that has to do with what I said.

do you understand what layer over BTC means for this? customers operate at layer-N (application) not layer-0 "coin type".

why is that not sinking in?

For layers to operate they need a base currency, chain to settle-on. Capital is not a hot potato that just swings from "cross-chains" to another. There is opportunity cost to holding one asset over another and in a world where friction to exchange between assets is nil then the hardest asset will suck all liquidity.

do you understand what maths and bitcoin have to do with each other? your limitations are not shared by the actuaries who actually greenlight this stuff.

you want to go through a worked example - just so I can show that the mathematical argument is a core part of their crypto risk management,

"babble"

do you understand how that means that people will NOT transact at level-0?

the higher up the levels you go the more coin agnostic you are when it comes to actually transacting.

Economies will settle at level-0, and economic participants will have different transactional expectations and given that an economy requires a unit of account to function the idea that transactions will be "coin agnostic" is absurd on its face.

that plus cross chain makes the currency at layer-0 swappable. you could take out BTC at level-0 and plug in ADA.

Except ADA doesn't offer nearly the same economic guarantees that Bitcoin does and those guarantees happen to be the principal interest of capital allocators in an economy.

 

[heisenburrr]

well thanks for the compliment .


following on from your anticipated position from my "smart confident position of knowing that already" the market gap for an independent e-currency actually is about the technology and that market gap is the one a fully-working trust-less currency will fill.

once stripped of that pretence, positioning and possibility BTC may well be reduced to the gambling den you tacitly admit that it is. or the wild west.


who knows but society will be moving on with the improvement that actually works.

possibly

Do explain to us how one bootstraps an independent currency without speculation

 

[heisenburrr]

who knows but society will be moving on with the improvement that actually works.

possibly

What flavor of vaporware do you partake in sir?

Please say ADA so I can't safely stop engaging with you. Others will appreciate

 

[null]

Institutional demand goes beyond "investment" companies but I'll entertain you....

ma babble-licious breddah no you will stop right there ...

the quote is a specific answer to @ORDER_66 .

I specified consumer adoption (the layer discussion) and trading (which is not investing per-se) in other posts as part of this discussion already.

so you can take your hackneyed mal-directed half-baked "entertaining of me" and .

you go back and read the fullness of my argument and respond to that .


how dumb do you have to be be to think a post out of multiple extensive posts on the topic, fully represents someone's position ? serious question ..

once you have done your homework I will tell you where you are wrong ..

 

[null]

Except ADA doesn't offer nearly the same economic guarantees that Bitcoin does and those guarantees happen to be the principal interest of capital allocators in an economy.

It's an example ma remedial breddah.

Forget my last post. do not respond to me at all ...