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Amazing that it’s impossible to tell whether you are a real crypto booster or joking at their expense.
by huitzitziltzin 3y ago
Amazing that it’s impossible to tell whether you are a real crypto booster or joking at their expense.
- npalli 3y ago"True crypto has never been tried"
- arcticbull 3y agoI too enjoy the no true Scotsman fallacy
- notJim 3y agoI dunno, people always invoke it in situations that are similar, but not quite applicable.
- from-nibly 3y agoNo true "No true Scotsman fallacy"
- akoboldfrying 3y agoEh... Folks are just butthurt that they didn't get in on the original Scotsman like I did. They poured scorn then, but I'm up to my eyeballs in bagpipes now
- robocat 3y agohttps://en.wikipedia.org/wiki/No_true_Scotsman https://en.wikipedia.org/wiki/No_true_Scotsman - I've been meaning to look it up for a while.
- optimalsolver 3y agoNo true ScotsCoin.
- kylebenzle 3y agoXMR and BCH have been working great for a decade and in my mind are the ONLY Cryptocurrency projects that are not outright scams or digital ponzi schemes. It's odd how clear the picture is but how many people have been fooled by fakes. What other industry is 99% scams and only 1% legitimate?
- deleted 3y ago[deleted]
- ZoomerCretin 3y agoIt's nice to see level-headed crypto optimism here. It's disheartening seeing bulls who have long since stopped pretending their favorite coin has any utility beyond being a speculative asset and a get-rich-quick scheme given its poor transaction rate, or that the features they've bolted on will make it valuable, none of which make it viable as a currency. Why would anyone bother with Bitcoin? If you want to avoid financial regulations in transmitting value across borders or purchase black market goods and services, you're going to be caught since all/most Bitcoin is KYCd and impossible to keep private, unlike Monero. If you want to avoid transaction fees, you're SOL since it's at $10 right now versus $0.06 for Monero. If you want a store of value, it's poor because it's volatile, not backed, and theft is not reversible, unlike virtually any other regulated security. If you want to make legal purchases with it, any transaction costs $10 and can take hours or days, and is not reversible if you are defrauded, unlike USD. Bitcoin has no value proposition beyond being a speculative asset and a Ponzi scheme for early buyers.
- rahen 3y agoBe mindful of potential biases. Monero is rightfully highly regarded for its privacy, but you may be overlooking certain aspects: - Unlike Bitcoin, Monero's monetary issuance is not auditable, which could prove a major problem in case of an attack, potentially leading to inflation. - Monero faces blockchain bloat issues due to its ring signatures. It cannot scale gracefully. - Privacy and transaction cost concerns with Bitcoin have largely been addressed by Lightning and potentially other upcoming layer 2 solutions. A lot of work is being done here. If you are technologically inclined, you can also participate: https://lists.linuxfoundation.org/pipermail/lightning-dev/2023-November/004204.html https://lists.linuxfoundation.org/pipermail/lightning-dev/20... - KYC happens on exchanges. Buy your BTC on decentralized platforms like Bisq or RoboSats and be done with KYC. - A private-only ledger can pose challenges when transaction notarization is necessary. Bitcoin lets you choose between a private L2 transaction or a public blockchain transaction. That said, I love Monero and am glad it exists.
- pavlov 3y agoIt’s funny how true believers in communism and true believers in crypto talk exactly the same way nowadays. “FTX and Binance are not examples of true crypto!” “Soviet Union and Venezuela are not examples of true communism!”
- yieldcrv 3y agohuh. both of those quotes are true for easily quantifiable reasons? you don't have be a believer in either to understand that objectively
- netrus 3y agoIt's a tautology, as no implementation of a concept will ever be equivalent to the pure concept. The real existing examples of implementations of concepts will still tell you something about the viability of the concept.
- codetrotter 3y ago> no implementation of a concept will ever be equivalent to the pure concept. True crypto does exist. Bitcoin is true crypto. When I mine Bitcoin, and I use that Bitcoin to buy something from someone else, that is true crypto. When I sell something for Bitcoin, that is true crypto. When I exchange fiat for Bitcoin at a centralized exchange, and I successfully withdraw it to a self-custody wallet. That is acceptably close to true crypto. Same goes for Monero.
- yieldcrv 3y agostanding committees are necessary parts of communism that always result in permanent authoritarian control of all people and all resources. humans don't have a way around that and that necessary phase is a prerequisite to the ideological phase. there is no evidence that it is worth pursuing given that irreconcilable implementation flaw. consumers choosing mismanaged companies are consumer discernment problems that have nothing to do with the sector they're involved in. specifically with crypto, centralized exchanges and brokerage experiences are not necessary parts of the crypto ecosystem and exist in parallel to other ways of getting fiat in and out of crypto, and other ways of getting exposure to the crypto ecosystem. many proponents of the crypto asset ecosystem have always sounded the alarm on those kinds of companies and actively track how much crypto is held by the companies or in self custody. analogies compare dissimilar things with common attributes, what is the common attribute between observers of these two concepts?
- FFP999 3y agoPoe's Law and all.