/biz/ - Business & Finance

>>12715027
okay, your argument basically fails to appreciate why Bitcoin has such a sound value proposition in the first place.

Bitcoin, being the first blockchain, and the one with the most hashpower (historically and for the forseeable future) is THE PREMIER blockchain, as these qualities make it the most secure (see first mover advantage)

Secondly, Bitcoin is trustless, meaning users do not have to trust an external authority in order to participate in peer-to-peer transactions, all users have to rely on are miners to validate transactions, which is financially incentivized miner through mining rewards and transaction fees.

No other blockchain comes close. Ether had/has an interesting value proposition because it was the first to add smart contract functionality, but again, the chain will never be as a secure as bitcoin because it's chain is shorter and has less hashrate. Ether also is centralized (controlled by money-skelley) and is not immutable, making it an unreliable store of value. Ether does have first mover advantage when it comes to smart contract utilization, but that;s about it. theoretically, BTC could adopt smart contract tech and this would invalidate the value proposition of Eth.

BCHABC, BSV are just shit forks of BTC, have less hash, also suffer from personality cults, and therefore fail to meet the value proposition of BTC

All other alts are basically permutations of ETH or BTC, and are therefore shit for the same reasons ETH, BCH and BSV are shit.

Basically, the coins with any value other than BTC, rely on some gimmick like smart contracts (ETH) or privacy coins (Monero) but really, BTC will always be premier because of first mover advantage, there is simply no way around it.

>>11427331
I remember the break through moment when I realized I wasn't an "NPC"

It was late 2008. I was in high school, and was in a family that supported Obama. I hated Bush, so naturally I was an Obama supporter. I was in class one day at my high school, and I remember a class mate was trash talking Obama. I felt myself getting angry, and I was going to call him out, but something deep inside me made me stop, it was like some quantum mechanical reaction happened, where I was able to look at myself objectively... Instead of getting into an argument, I asked my classmate why he didn't like Obama, and I didn't do it sarcastically, I asked out of genuine curiosity. From that day on, I strove to search for intellectual freedom and objectivity, no matter how hard the truth can be to swallow.