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Sorry, but why? Because you think it will go up even thought the fundamentals of the product suck? Are you building castles in the air? Not to be rude, but bitc

Sorry, but why? Because you think it will go up even thought the fundamentals of the product suck? Are you building castles in the air? Not to be rude, but bitcoin is slow and inefficient. It also has terrible privacy. It's getting replaced by other coins.

varispeed 5y ago
For the pleasure of embedding poems in the blockchain, that will stay forever, alone...
- globular-toast 5y ago
  I wonder why people think of the Bitcoin blockchain (assuming that's what you mean by "the blockchain") as immortal. We've had computers for less than a century and been doing blockchains for about a decade of that. The oldest known poem is 4000 years old and carved in clay. It seems to me if you want a poem to last forever, never to be seen, there are much better ways, like carving it in granite and burying it deep underground where it's unlikely to be found. Even if you insisted that it's "digital", making a commit in the Linux kernel is much more likely to last for as long as computers last because Linux is actually useful, sustainable, and copied to just as many, if not more, computers as any blockchain.
  - londons_explore 5y ago
    > burying it deep underground where it's unlikely to be found. Most people who want their works to last forever want people to read and use and enjoy them. Burying and having it forgotten doesn't meet that criteria. Making millions of copies and burying some, with incentives for future people to make more copies and bury some again seems more likely to succeed. And the blockchain isn't far from that.
    - globular-toast 5y ago
      Write a good poem if you want people to copy it and read it. What you're essentially doing by putting stuff in the blockchain is tricking people into copying it millions of times. It doesn't mean any of them will read it or appreciate it. I agree with your analogy, but what's the point of it? Some weird desire for your footprint to be larger and imposed on people for all time? I can't think of much more narcissistic than that.
      - londons_explore 5y ago
        Humans are genetics + knowledge/culture. Wars typically are as much about spreading culture as they are about genetics. Religious crusades are a way to spread culture without genetics. Humans seem to have a desire to increase both their genetic and cultural footprint into other humans. Make sense really - expansionist traits tend to survive.
FabHK 5y ago
> bitcoin is slow and inefficient Oh, come on. If it gains universal adoption, it is fast enough that every human being can make one transaction in their lifetime, maybe even two! What more do you want???
- londons_explore 5y ago
  To be fair, that would actually be plenty for the lightning overlay network to function.
  - bruce343434 5y ago
    there's other cryptocurrency out there that actually has such extravagant features as "reasonable ability to transact" built in without needing second layers.
selfhoster11 5y ago
It's become the backbone of many new coins. It's basically a piece of infrastructure by this point. I don't think it's going away.
- londons_explore 5y ago
  Ethereum is the backbone of many new tokens. Not much relies on the bitcoin network itself.

varispeed 5y ago

For the pleasure of embedding poems in the blockchain, that will stay forever, alone...

globular-toast 5y ago
I wonder why people think of the Bitcoin blockchain (assuming that's what you mean by "the blockchain") as immortal. We've had computers for less than a century and been doing blockchains for about a decade of that. The oldest known poem is 4000 years old and carved in clay. It seems to me if you want a poem to last forever, never to be seen, there are much better ways, like carving it in granite and burying it deep underground where it's unlikely to be found. Even if you insisted that it's "digital", making a commit in the Linux kernel is much more likely to last for as long as computers last because Linux is actually useful, sustainable, and copied to just as many, if not more, computers as any blockchain.
- londons_explore 5y ago
  > burying it deep underground where it's unlikely to be found. Most people who want their works to last forever want people to read and use and enjoy them. Burying and having it forgotten doesn't meet that criteria. Making millions of copies and burying some, with incentives for future people to make more copies and bury some again seems more likely to succeed. And the blockchain isn't far from that.
  - globular-toast 5y ago
    Write a good poem if you want people to copy it and read it. What you're essentially doing by putting stuff in the blockchain is tricking people into copying it millions of times. It doesn't mean any of them will read it or appreciate it. I agree with your analogy, but what's the point of it? Some weird desire for your footprint to be larger and imposed on people for all time? I can't think of much more narcissistic than that.
    - londons_explore 5y ago
      Humans are genetics + knowledge/culture. Wars typically are as much about spreading culture as they are about genetics. Religious crusades are a way to spread culture without genetics. Humans seem to have a desire to increase both their genetic and cultural footprint into other humans. Make sense really - expansionist traits tend to survive.

FabHK 5y ago

> bitcoin is slow and inefficient Oh, come on. If it gains universal adoption, it is fast enough that every human being can make one transaction in their lifetime, maybe even two! What more do you want???

londons_explore 5y ago
To be fair, that would actually be plenty for the lightning overlay network to function.
- bruce343434 5y ago
  there's other cryptocurrency out there that actually has such extravagant features as "reasonable ability to transact" built in without needing second layers.

selfhoster11 5y ago

It's become the backbone of many new coins. It's basically a piece of infrastructure by this point. I don't think it's going away.

londons_explore 5y ago
Ethereum is the backbone of many new tokens. Not much relies on the bitcoin network itself.