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Anybody in Bitcoin at this point has low credibility. The innovation space has mostly moved to other chains and projects. What is left are non technical people

by baby 4y ago

Anybody in Bitcoin at this point has low credibility. The innovation space has mostly moved to other chains and projects. What is left are non technical people trying to pump the value of the coin.

unboxingelf 4y ago
Strongly disagree. Anybody in any crypto token other than Bitcoin at this point has low credibility. Every other chain and project is sacrificing decentralization for short term gain. They’re at best naive and at worst scammers.
- JumpCrisscross 4y ago
  Bitcoin is dumb, but it’s honest about its dumbness. The dumb bits are largely forward looking. Web3 is dumb but also fraudulent, because it lies about what it is.
  - unboxingelf 4y ago
    Bitcoin is boring. It’s a decentralized ledger. It’s effectively the missing protocol for money on IP. Everything else is a security, by definition.
    - tromp 4y ago
      Everything else is an altcoin, by definition. Some of which distribute their coins more fairly than bitcoin, and are thus definitely not securities.
- baby 4y ago
  You should check Mina
  - unboxingelf 4y ago
    Do you have a tldr? I see its stated technical goal of maintaining a small blockchain, but what’s it for? It has a token so is it meant to be money? Is it a web3 app chain? The fact that there was an initial presale makes it sound like a private company. Which is a lot different than Bitcoin so I’m not sure the comparison.
shrimpx 4y ago
You have it backwards. Bitcoin (and related pure decentralized coins) is probably the only thing retaining credibility right now. Everything with a CEO, premine, ICO, web3, defi, is in question.
- baby 4y ago
  No, I think you just fit my definition of non-technical about blockchains in general
  - shrimpx 4y ago
    I understand your point but you're off-topic. The question is what retains credibility in this climate, not where the technical innovation is. You mentioned Mina elsewhere. You think Mina has more credibility than Bitcoin right now? Absolutely not.

by baby 4y ago

Anybody in Bitcoin at this point has low credibility. The innovation space has mostly moved to other chains and projects. What is left are non technical people trying to pump the value of the coin.

unboxingelf 4y ago

Strongly disagree. Anybody in any crypto token other than Bitcoin at this point has low credibility. Every other chain and project is sacrificing decentralization for short term gain. They’re at best naive and at worst scammers.

JumpCrisscross 4y ago
Bitcoin is dumb, but it’s honest about its dumbness. The dumb bits are largely forward looking. Web3 is dumb but also fraudulent, because it lies about what it is.
- unboxingelf 4y ago
  Bitcoin is boring. It’s a decentralized ledger. It’s effectively the missing protocol for money on IP. Everything else is a security, by definition.
  - tromp 4y ago
    Everything else is an altcoin, by definition. Some of which distribute their coins more fairly than bitcoin, and are thus definitely not securities.
baby 4y ago
You should check Mina
- unboxingelf 4y ago
  Do you have a tldr? I see its stated technical goal of maintaining a small blockchain, but what’s it for? It has a token so is it meant to be money? Is it a web3 app chain? The fact that there was an initial presale makes it sound like a private company. Which is a lot different than Bitcoin so I’m not sure the comparison.

shrimpx 4y ago

You have it backwards. Bitcoin (and related pure decentralized coins) is probably the only thing retaining credibility right now. Everything with a CEO, premine, ICO, web3, defi, is in question.

baby 4y ago
No, I think you just fit my definition of non-technical about blockchains in general
- shrimpx 4y ago
  I understand your point but you're off-topic. The question is what retains credibility in this climate, not where the technical innovation is. You mentioned Mina elsewhere. You think Mina has more credibility than Bitcoin right now? Absolutely not.