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11986615 No.11986615 [Reply] [Original]

Ethereum is becoming the basis of an entire new permissionless global financial system. It reminds me of the early Internet, around 1990-1991. The difference is, you can directly invest in Ethereum by buying Ether tokens.

>> No.11986655

>>11986615
the best thing is that bitcoin maximalists are so invested in their maximalism that genuine boomers are going to buy eth before them.

>> No.11986784

how many to make it?

>> No.11986789

>>11986784
32 + staking if holding for 5 years.

>> No.11986807

yep, ethereum and bitcoin are clearly so far ahead of the curve nothing is going to catch up. you'll have to wait for the third big project to come along if you want to find an alt that isn't going to disappear in 3 years.

>>11986655
happen to get into crypto late? most of us bitcoin maximalists bought ether at the ico or below $3-10. bitcoin maximalism is the only sane position to be in, especially if you're an ether holder. being against that ethos just means you expect ethereum to get replaced at some point in the future.

>> No.11986823

>>11986807
anyone who bought ether is by definition not a bitcoin maximalist. Your post doesn't even make sense.

>> No.11986835

>>11986655
30 year boomer deep into eth. Made me chuckle

>> No.11986842

>>11986835
by genuine boomers I meant literally boomers, not 30 year old boomers

>> No.11986867

>>11986823
no, bitcoin maximalism is simply the opinion that bitcoin is by a huge margin the only network that matters. its clear to me that that is true, yet ethereum has clearly shown to have broken out of the barrier that every other alt is held back by.

but fundamentally bitcoin maximalism, and not the misrepresentation by late adopters you hear all over bagholder support subreddits, is that tech is not the driving factor of adoption, and being the first matters a lot more than late adopters wish it did.

>> No.11986904

>>11986867
well maybe you define it so, but most people define bitcoin maximalism as 'anything that's not bitcoin is a scam' with ethereum in particular being viewed a 'premined shitcoin' etc.
It's arguably a much more logical definition, as 'maximalism' implies that there's no space for anything except bitcoin.

What you're writing is just that bitcoin still has strong network effects, which nobody is disputing

>and not the misrepresentation by late adopters you hear all over bagholder support subreddits
that's not a misrepresentation, lots of early adopters think exactly like that. Even Nick Szabo, he hates ethereum for some reason.

>> No.11986925

>>11986867
or that brainlet who had the temerity to claim that PoS will waste exact same amount of resources as proof of work in a biggest pile of logical fallacies the crypto world has ever seen.
Can't remember his name but I'm sure you will recognize

>> No.11986937

>>11986925
I remembered, Paul Sztorc
http://www.truthcoin.info/blog/pow-cheapest/
that's a bitcoin maximalist.
Another bitcoin maximalist of this type is a very early adopter - Mircea Popescu.

>> No.11986943

So it's not the world computer anymore?

>> No.11986957

>>11986615
Ethereum is going to single digits.

>> No.11987048

>>11986904
"anything that isn't bitcoin is a scam" is 99.9% true, with the exception of ~2-3 projects. they're all fundamentally useless. before vitalik coined "maximalism" as an extreme definion, most people that weren't late to crypto held a very similar but not totalitarian belief that alts are irrelevant, because it wasn't ever wrong.

it's not like ethereum is particularly good at what it does, much like bitcoin. right now it's definitely a complete and utter mess, pre-mine, tech delays, dao fork, massive unchecked inflation, yet it has managed to prove it matters, something no other project outside of bitcoin has come close to doing.

>>11986937
dont pay too much attention to talking heads. although you have to remember when there is a single high liquidity pow coin, and a liquid market from bitcoin to ethereum, there will always be a way to use proof of work to obtain ethereum, meaning theres no way to escape proof of work in all forms once the cat is out of the bag.