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11985144 No.11985144 [Reply] [Original]

>> No.11985167

your favorite shitcoin will go to $0 long before Bitcoin touches $1k

>> No.11985179
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11985179

>>11985167
But doctor, Bitcoin is my favorite shitcoin.

I'm not delusional like Bitcoin maximalists. If it dies, it dies. Never hold anything too long.

>> No.11985231

bitcoin "maximalism" is a natural course once you understand the economic pyramid that altcoins are built on. sure, true innovations like ethereum can break out and become lesser but competent networks alongside bitcoin, but so far every other alt has been a complete failure to maintain developer, user, and speculator interest.

there is no long term altcoin, because alts are simply the assumption that tech matters in crypto, which is inherently flawed. tech matters in the sense that bitcoin was impossible until tech problems were solved, and ethereum brought a generalized version of bitcoin and opened the door to every developer not interested in securing and building their own blockchain.

everything else is unnecessary especially since the launch of ethereum. no alt has any long term survival plan in the shadow of either, just short term speculative pump and dumps. unless an alt can get itself to the point that ripple is at, where they are a centralized token with a centrlaized company backing it, attempting (and currently failing) to get companies on board, its just not going to matter in a couple of years. it will be replaced in the only way these alts are used, as speculative tokens, most not even making on-chain transactions, simply trading against developer news on centralized exchanges.

and as litigation and regulation mounts, decentralized exchanges become critical, forcing new tokens, companies, and applications onto ethereum. it's why every new stablecoin/token is being launched on ethereum.

ironically it's not bitcoin that's killing alts, its ethereum, but the end result is the same, in that alts will forever be a short to medium term bet, and nothing more.

>> No.11985382
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11985382

>>11985144
>Muh store of value!

>> No.11985408

>>11985231
incredibly based and redpilled

>> No.11985863

>>11985231
what's missing in your post is the conclusion: that ultimately, ethereum kills bitcoin.
Full zk-snark privacy is going to be the last hit: it's going to steal darknet markets from bitcoin, its first and last safe harbor.