2 ms·

It's not hate. I don't want to pay 22$ for a 1$ product with bitcoin, when it gets popular. I'm also not going to put my money in a joke coin like dogecoin. I

It's not hate. I don't want to pay 22$ for a 1$ product with bitcoin, when it gets popular. I'm also not going to put my money in a joke coin like dogecoin. I like the blockchain, but crypto is just an implementation of it and without a use-case currently ( blockchain has multiple use-cases though). Instead of trying to go on the emotional side with "hate-train"? Try to convince me with facts. Ps. I owned crypto until 2017 and then sold it then, because i didn't see a valid use-case ( and 20 k was high enough for me)

rawtxapp 6y ago
> Ps. I owned crypto until 2017 and then sold it because i didn't see a valid use-case. Do you think maybe you have some biases against it now, because it would have made you a lot of money if you held on to it? Nobody is paying 22$ for a 1$ product, I'm not sure how you can even remotely come to that while ignoring all the layer 2 developments. There's a ton of really useful projects happening on DeFi, you can see the blockchain data for yourself and see that a lot of people are using it, maybe you don't see the use case, but that doesn't mean there isn't any.
- NicoJuicy 6y ago
  I actually made a lot of money with it. So I don't think I'm biased because of that. It dropped to 4k afterwards ( I could have purchased again, but if something falls from my watchlist, i don't care about it anymore). What is probably biasing me, is that I had a digital magazine and the #1 hit was for "how to recover Bitcoin password". Which also leads me to my conclusion: "There's currently no replacement for a official and trusted centralized authority in Crypto".
tomiplaz 6y ago
I presume you are not familiar with the Lightning Network? I suggest reading https://github.com/lnbook/lnbook https://github.com/lnbook/lnbook
- NicoJuicy 6y ago
  Yes I am, but not in specifics. It's already been mentioned since 2017... Fee's are still high. Crypto still can't handle a lot of traffic as far as i'm aware today.
- brotherofsteel 6y ago
  Who doesn't love worrying about "watchtowers" and "inbound liquidity"?
  - gruez 6y ago
    Are those hard concepts to grasp?
    - krageon 6y ago
      Given how breathtakingly simple the space actually is, inventing big words and forcing other people to learn them really only serves to stroke an ego.
      - gruez 6y ago
        "watchtowers" is a big word now? as for "inbound liquidity", I guess you can argue it's big because it's a compound word, but it's relatively easy to understand ("liquidity" is a standard term in finance, for instance) and I can't think of how you can shorten it further without reducing comprehension.
    - tgsovlerkhgsel 6y ago
      Compared to cash in my wallet, a credit card, or cryptocoins held on chain? Yes.
brotherofsteel 6y ago
You should try Bitcoin Cash (BCH), the version of Bitcoin that actually works as it was meant to. It has subcent fees by design.
- NicoJuicy 6y ago
  You mean it's not controlled by those who mine the most? Which would be miners in CH that could execute a 51% attack? :) And what about the whole tether scam? There are more problems to crypto currency than that any crypto solves now.
  - brotherofsteel 6y ago
    Bitcoin Cash is Bitcoin, mining works the same way it does on BTC. I don't know what's going on with Tether, but it definitely looks iffy to me.
throwaway10110 6y ago
Ive been using bitcoin since 2011ish i think, one of the first few people on bitcoin-otc first trade was $40 for 10 bitcoins (paid with paypal transfer funily enough) i must have bought and sold hundreds over years, still have few dozen In some cases yeh bitcoin has not lived up to initial promises, literally first line of satoshis paper is no longer valid, but it could yet be like early internet and take off (or something similar) i wouldnt write it off but yeh you are also right its not what we thought it be, the whole store of value thing these days instead of currency
- randomopining 6y ago
  What do you think the endgame is? Gov bans and it becomes underground p2p store of value?

rawtxapp 6y ago

> Ps. I owned crypto until 2017 and then sold it because i didn't see a valid use-case. Do you think maybe you have some biases against it now, because it would have made you a lot of money if you held on to it? Nobody is paying 22$ for a 1$ product, I'm not sure how you can even remotely come to that while ignoring all the layer 2 developments. There's a ton of really useful projects happening on DeFi, you can see the blockchain data for yourself and see that a lot of people are using it, maybe you don't see the use case, but that doesn't mean there isn't any.

NicoJuicy 6y ago
I actually made a lot of money with it. So I don't think I'm biased because of that. It dropped to 4k afterwards ( I could have purchased again, but if something falls from my watchlist, i don't care about it anymore). What is probably biasing me, is that I had a digital magazine and the #1 hit was for "how to recover Bitcoin password". Which also leads me to my conclusion: "There's currently no replacement for a official and trusted centralized authority in Crypto".

tomiplaz 6y ago

I presume you are not familiar with the Lightning Network? I suggest reading https://github.com/lnbook/lnbook https://github.com/lnbook/lnbook

NicoJuicy 6y ago
Yes I am, but not in specifics. It's already been mentioned since 2017... Fee's are still high. Crypto still can't handle a lot of traffic as far as i'm aware today.
brotherofsteel 6y ago
Who doesn't love worrying about "watchtowers" and "inbound liquidity"?
- gruez 6y ago
  Are those hard concepts to grasp?
  - krageon 6y ago
    Given how breathtakingly simple the space actually is, inventing big words and forcing other people to learn them really only serves to stroke an ego.
    - gruez 6y ago
      "watchtowers" is a big word now? as for "inbound liquidity", I guess you can argue it's big because it's a compound word, but it's relatively easy to understand ("liquidity" is a standard term in finance, for instance) and I can't think of how you can shorten it further without reducing comprehension.
  - tgsovlerkhgsel 6y ago
    Compared to cash in my wallet, a credit card, or cryptocoins held on chain? Yes.

brotherofsteel 6y ago

You should try Bitcoin Cash (BCH), the version of Bitcoin that actually works as it was meant to. It has subcent fees by design.

NicoJuicy 6y ago
You mean it's not controlled by those who mine the most? Which would be miners in CH that could execute a 51% attack? :) And what about the whole tether scam? There are more problems to crypto currency than that any crypto solves now.
- brotherofsteel 6y ago
  Bitcoin Cash is Bitcoin, mining works the same way it does on BTC. I don't know what's going on with Tether, but it definitely looks iffy to me.

throwaway10110 6y ago

Ive been using bitcoin since 2011ish i think, one of the first few people on bitcoin-otc first trade was $40 for 10 bitcoins (paid with paypal transfer funily enough) i must have bought and sold hundreds over years, still have few dozen In some cases yeh bitcoin has not lived up to initial promises, literally first line of satoshis paper is no longer valid, but it could yet be like early internet and take off (or something similar) i wouldnt write it off but yeh you are also right its not what we thought it be, the whole store of value thing these days instead of currency

randomopining 6y ago
What do you think the endgame is? Gov bans and it becomes underground p2p store of value?