4 ms·

Funny because the bitcoin community hates NFTs just as much as the anti-crypto community.

javert 4y ago
The bitcoin community hates NFTs and shitcoins much more than the anti-crypto community does. I'm basically an anti-crypto bitcoiner.
HWR_14 4y ago
That's because NFTs are competing with BTC to lure in the newest money.
- reedjosh 4y ago
  It's not about getting rich on Bitcoin, it's about taking back our choice of what money to use. Bitcoiners hate NFTs mostly because they give the whole space a bad rap.
  - HWR_14 4y ago
    I fail to see the difference between what I said and "Bitcoiners hate NFTs mostly because they give the whole space a bad rap." Anyway, you have your choice of what money to use. I prefer USD and Euro myself. And I really still don't understand any use case for someone in a first world country to use crypto. I grant that 3rd world countries without banking systems may, may need it, but I don't know why we just wouldn't start banks there.
    - crypthrowaway1 4y ago
      > And I really still don't understand any use case for someone in a first world country to use crypto. Hi. Here is a use case you can carry on to future discussions. There is a flourishing scene of dark net markets where people can purchase drugs using cryptocurrency. Merchants have reviews, products have reviews, and the whole process is much safer, secure, and convenient than meeting a drug dealer in real life with cash.
      - DebtDeflation 4y ago
        Except (at least in the case of BTC) that transaction will be permanently recorded on an indelible blockchain for everyone to see. Such security and privacy.
        reedjosh 4y ago
        Bitcoin Lighting Network and Monero ftw. Bitcoin is not yet perfect. Hopefully someday. Monero however is pretty great privacy wise.
        rvz 4y ago
        > Bitcoin Lighting Network and Monero ftw. Two things: 1. Bitcoin Lightning is not Bitcoin and is in fact a centralized by design layer 2 system which the transactions are off-chain [0][1], a direct contradiction to what Bitcoin was designed for. A peer-to-peer on-chain electronic cash system. 2. Monero and the other privacy coins are getting delisted and banned from exchanges due to increasing regulations. [2][3][4] You can still use Monero, but the on-ramps, exchanges will have banned the privacy coins under these regulations, cutting a way to easily exchange it for fiat. [0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062 https://iopscience.iop.org/article/10.1088/1367-2630/aba062 [1] https://arxiv.org/pdf/2201.07746.pdf https://arxiv.org/pdf/2201.07746.pdf [2] https://markets.businessinsider.com/news/currencies/monero-kraken-crypto-exchange-delist-privacy-coin-uk-fca-regulation-2021-11 https://markets.businessinsider.com/news/currencies/monero-k... [3] https://www.consilium.europa.eu/en/press/press-releases/2021/12/01/anti-money-laundering-council-agrees-its-negotiating-mandate-on-transparency-of-crypto-asset-transfers/ https://www.consilium.europa.eu/en/press/press-releases/2021... [4] https://www.coindesk.com/policy/2022/03/31/eu-parliament-votes-on-privacy-busting-crypto-rules-industry-rails-against-proposals/ https://www.coindesk.com/policy/2022/03/31/eu-parliament-vot...
        cconroy 4y ago
        satoshi's use of cash probably referred to the concept of final settlement.
- mr_spothawk 4y ago
  It's because NFTs are garbage, and only serve to enrich the preminers and shills.

The bitcoin community hates NFTs and shitcoins much more than the anti-crypto community does. I'm basically an anti-crypto bitcoiner.

HWR_14 4y ago

That's because NFTs are competing with BTC to lure in the newest money.

reedjosh 4y ago
It's not about getting rich on Bitcoin, it's about taking back our choice of what money to use. Bitcoiners hate NFTs mostly because they give the whole space a bad rap.
- HWR_14 4y ago
  I fail to see the difference between what I said and "Bitcoiners hate NFTs mostly because they give the whole space a bad rap." Anyway, you have your choice of what money to use. I prefer USD and Euro myself. And I really still don't understand any use case for someone in a first world country to use crypto. I grant that 3rd world countries without banking systems may, may need it, but I don't know why we just wouldn't start banks there.
  - crypthrowaway1 4y ago
    > And I really still don't understand any use case for someone in a first world country to use crypto. Hi. Here is a use case you can carry on to future discussions. There is a flourishing scene of dark net markets where people can purchase drugs using cryptocurrency. Merchants have reviews, products have reviews, and the whole process is much safer, secure, and convenient than meeting a drug dealer in real life with cash.
    - DebtDeflation 4y ago
      Except (at least in the case of BTC) that transaction will be permanently recorded on an indelible blockchain for everyone to see. Such security and privacy.
      - reedjosh 4y ago
        Bitcoin Lighting Network and Monero ftw. Bitcoin is not yet perfect. Hopefully someday. Monero however is pretty great privacy wise.
        rvz 4y ago
        > Bitcoin Lighting Network and Monero ftw. Two things: 1. Bitcoin Lightning is not Bitcoin and is in fact a centralized by design layer 2 system which the transactions are off-chain [0][1], a direct contradiction to what Bitcoin was designed for. A peer-to-peer on-chain electronic cash system. 2. Monero and the other privacy coins are getting delisted and banned from exchanges due to increasing regulations. [2][3][4] You can still use Monero, but the on-ramps, exchanges will have banned the privacy coins under these regulations, cutting a way to easily exchange it for fiat. [0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062 https://iopscience.iop.org/article/10.1088/1367-2630/aba062 [1] https://arxiv.org/pdf/2201.07746.pdf https://arxiv.org/pdf/2201.07746.pdf [2] https://markets.businessinsider.com/news/currencies/monero-kraken-crypto-exchange-delist-privacy-coin-uk-fca-regulation-2021-11 https://markets.businessinsider.com/news/currencies/monero-k... [3] https://www.consilium.europa.eu/en/press/press-releases/2021/12/01/anti-money-laundering-council-agrees-its-negotiating-mandate-on-transparency-of-crypto-asset-transfers/ https://www.consilium.europa.eu/en/press/press-releases/2021... [4] https://www.coindesk.com/policy/2022/03/31/eu-parliament-votes-on-privacy-busting-crypto-rules-industry-rails-against-proposals/ https://www.coindesk.com/policy/2022/03/31/eu-parliament-vot...
        cconroy 4y ago
        satoshi's use of cash probably referred to the concept of final settlement.
mr_spothawk 4y ago
It's because NFTs are garbage, and only serve to enrich the preminers and shills.