4 ms·

The article is about bitcoin, not cRyPTo

by npoc 3y ago

smoldesu 3y ago
Bitcoin is absolutely cryptocurrency and deserves zero exemption from the category.
- npoc 3y ago
  It's completely different to cRypTo though. Crypto is essentially 10,000 scams (or naive projects at best) while bitcoin is one of the most important inventions in the history of mankind. That deserves some distinction.
  - smoldesu 3y ago
    > It's completely different to cRypTo though. Really? Explain how. And please, use the actual definition of cryptocurrency instead of your subjective shill one. > That deserves some distinction. It wouldn't deserve to be un-classified as a cryptocurrency if it was the E-gold whitepaper republished by Hal Finney himself. Bitcoin is a cryptocurrency, besides being popular there is almost nothing unique about the blockchain itself.
    - npoc 3y ago
      If you believe I'm shilling rather than helping you, then I'll stop right here. Have a good day.
  - rsynnott 3y ago
    This feels a bit like those KJV Christians; only one highly-specific variant of the thing is the One True Thing, while all of the nearly identical things are HERESY. Bitcoin's essentially a self-organising scam, just like the rest of them.
    - npoc 3y ago
      Yes it is a bit like that except that bitcoin's importance is based on time-proven monetary theory and game theory, rather than make believe. It certainly is self-organising, but it's not a scam. Unfortunately you likely won't figure out why until after another couple of halving epochs.
      - smoldesu 3y ago
        > except that bitcoin's importance is based on time-proven monetary theory and game theory, rather than make believe. "Except that our sect of Christianity is proven by Mary Magdalene and early theological scholars, rather than make believe."
        npoc 3y ago
        If you see the bible and other religious texts as comparable theory to science, then I'll have to increase my estimate to 4 halving epochs
        smoldesu 3y ago
        How many lifetimes do you have to spend on HODLing? Because if me and the other commentor are willing to compare Bitcoin to religion, imagine how hostile the regular public will be towards it. You know, the people who were warned for years to not use unmediated currency because it wildly increases the risk of scamming? Your initial claim that Bitcoin is not cryptocurrency is obvious bullshit that would rightfully have you laughed out of any properly scientific establishment. You have not produced any evidence to disprove that and are instead quibbling with the other commenter about the nature of their insult. Dust yourself off, find a new hobby like model trains or science fiction. Being the Ayn Rand of computer economics will routinely end with your funeral being empty and everyone remembering you as a greedy crook. Case-in-point: Elon Musk.
        npoc 3y ago
        Until you learn what money really is, you'll have no hope of understanding bitcoin. Bitcoin doesn't need you, you need bitcoin, but your attitude gives me zero motivation to help you understand further - I've got way better things to do with my time, like stacking more bitcoin.

The article is about bitcoin, not cRyPTo

by npoc 3y ago

The article is about bitcoin, not cRyPTo

smoldesu 3y ago

Bitcoin is absolutely cryptocurrency and deserves zero exemption from the category.

npoc 3y ago
It's completely different to cRypTo though. Crypto is essentially 10,000 scams (or naive projects at best) while bitcoin is one of the most important inventions in the history of mankind. That deserves some distinction.
- smoldesu 3y ago
  > It's completely different to cRypTo though. Really? Explain how. And please, use the actual definition of cryptocurrency instead of your subjective shill one. > That deserves some distinction. It wouldn't deserve to be un-classified as a cryptocurrency if it was the E-gold whitepaper republished by Hal Finney himself. Bitcoin is a cryptocurrency, besides being popular there is almost nothing unique about the blockchain itself.
  - npoc 3y ago
    If you believe I'm shilling rather than helping you, then I'll stop right here. Have a good day.
- rsynnott 3y ago
  This feels a bit like those KJV Christians; only one highly-specific variant of the thing is the One True Thing, while all of the nearly identical things are HERESY. Bitcoin's essentially a self-organising scam, just like the rest of them.
  - npoc 3y ago
    Yes it is a bit like that except that bitcoin's importance is based on time-proven monetary theory and game theory, rather than make believe. It certainly is self-organising, but it's not a scam. Unfortunately you likely won't figure out why until after another couple of halving epochs.
    - smoldesu 3y ago
      > except that bitcoin's importance is based on time-proven monetary theory and game theory, rather than make believe. "Except that our sect of Christianity is proven by Mary Magdalene and early theological scholars, rather than make believe."
      - npoc 3y ago
        If you see the bible and other religious texts as comparable theory to science, then I'll have to increase my estimate to 4 halving epochs
        smoldesu 3y ago
        How many lifetimes do you have to spend on HODLing? Because if me and the other commentor are willing to compare Bitcoin to religion, imagine how hostile the regular public will be towards it. You know, the people who were warned for years to not use unmediated currency because it wildly increases the risk of scamming? Your initial claim that Bitcoin is not cryptocurrency is obvious bullshit that would rightfully have you laughed out of any properly scientific establishment. You have not produced any evidence to disprove that and are instead quibbling with the other commenter about the nature of their insult. Dust yourself off, find a new hobby like model trains or science fiction. Being the Ayn Rand of computer economics will routinely end with your funeral being empty and everyone remembering you as a greedy crook. Case-in-point: Elon Musk.
        npoc 3y ago
        Until you learn what money really is, you'll have no hope of understanding bitcoin. Bitcoin doesn't need you, you need bitcoin, but your attitude gives me zero motivation to help you understand further - I've got way better things to do with my time, like stacking more bitcoin.