4 ms·

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

by 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.
        smoldesu 3y ago
        English translation (for non-crypto owners): > Until you learn what money really is Until you agree with me unconditionally, > you'll have no hope of understanding bitcoin. You'll see straight through the scam of unregulated currency. > Bitcoin doesn't need you, you need bitcoin, You don't need Bitcoin, but Bitcoin holders need your fiat. > but your attitude gives me zero motivation to help you understand further - Explaining myself fully or discussing this in detail would prove that I am lying, > I've got way better things to do with my time, like stacking more bitcoin. So now I will pretend like my quality-of-life wasn't so bad that I felt obligated to defend Bitcoin online for free in the first place. I really hope you do have better things to do with your time. It would bum me out if the Jordan Belfort of Bitcoin spent his free time trying to convince the tech industry he's a principled investor. Alas...

by npoc 3y ago

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.
        smoldesu 3y ago
        English translation (for non-crypto owners): > Until you learn what money really is Until you agree with me unconditionally, > you'll have no hope of understanding bitcoin. You'll see straight through the scam of unregulated currency. > Bitcoin doesn't need you, you need bitcoin, You don't need Bitcoin, but Bitcoin holders need your fiat. > but your attitude gives me zero motivation to help you understand further - Explaining myself fully or discussing this in detail would prove that I am lying, > I've got way better things to do with my time, like stacking more bitcoin. So now I will pretend like my quality-of-life wasn't so bad that I felt obligated to defend Bitcoin online for free in the first place. I really hope you do have better things to do with your time. It would bum me out if the Jordan Belfort of Bitcoin spent his free time trying to convince the tech industry he's a principled investor. Alas...