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53021074 No.53021074 [Reply] [Original]

Bitcoin has no governing authority. No corporation or team is in charge of bitcoin, issuance, policies, or censorship. Bitcoin is truly decentralized; anyone can run a node, or try their hand at mining. Bitcoin had a fair launch with no premined coins, no IPO, no insiders. Bitcoin was created to be fair money, not as a money grab, at a time when profiting by cryptocurrency wasn't thought possible. It forgoes the gimmickry of NFTs or programmable tokens, to be simple, secure, better money. It has the best monetary policy. Bitcoin is better in just about every aspect that is vital to it being money.

>> No.53021088

>>53021074
Top network thread
Watch now no one will post, I win ;)

>> No.53021098

Monero.

>> No.53021100
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53021100

>>53021074
Monero.

>> No.53021124

Bitcoin is the first and most widely recognized cryptocurrency, and it has the largest market capitalization and user base of any digital currency. As such, it has several features that make it unique among cryptocurrencies:

Decentralized: Bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. This makes it resistant to censorship and allows users to remain anonymous.

Secure: Bitcoin uses a decentralized network and advanced cryptography to secure transactions and prevent fraud.

Limited supply: There is a limited supply of bitcoins, with a maximum of 21 million that will ever be created. This makes it immune to inflation and allows it to maintain its value over time.

Widely accepted: Bitcoin is accepted by a growing number of merchants and can be used to purchase a wide range of goods and services.

Overall, these features make bitcoin a popular choice for those seeking a decentralized and secure digital currency. However, it is important to note that other cryptocurrencies may have different features and may be better suited for certain use cases.

>> No.53021132

We can't discover bitcoin again.
We can't discover electricity again.

We can't discover the pythagoras theorem again.

We can't discover the internet again.

We can't discover gold again.

We can't discover steel again.
We discovered the internet in the 1830s; when we figured out how to send data at great distances nearly instantly, via the telegraph.

We discovered bitcoin in 2008; when we figured out how to send value at great distances nearly instantly, via blockchain protocol and proof of work.

>> No.53021552

>>53021098
Based>>53021124
Not private

>> No.53021812

>>53021074
>Bitcoin has no governing authority. No corporation or team is in charge of bitcoin, issuance, policies, or censorship.
Not really true in practice. We've already seen that the few keyholding Bitcoin Core developers and people like Theymos has extremely disproportionate power over the system by how there were able to circumvent the will of the majority in the segwit2x fiasco.
>Bitcoin is truly decentralized; anyone can run a node, or try their hand at mining.
So is many other chains.
>Bitcoin had a fair launch with no premined coins, no IPO, no insiders.
Yeah it's really fair that Satoshi has 1 million+ coins due to almost no competition for years. Not. It doesn't really matter what could have happened in theory, what matters is the actual result, and the result is that the coin distribution of Bitcoin is not any better than that of f.ex. Ethereum at this time, despite Ethereum having a presale.
>Bitcoin was created to be fair money, not as a money grab
So was many other chains.
>It forgoes the gimmickry of NFTs or programmable tokens
Programmability is not a gimmick, it's the single most important feature of a blockchain. Even back in 2011 what I was most excited about in Bitcoin was the programmability aspect, yet it failed to capitalize on this potential, instead giving the throne to other chains.
>It has the best monetary policy.
Hell no. It is dependent on unsustainable block rewards (inflation) to keep the network secure. In the future, either fees need to 100x, or the network will lose its security.
>Bitcoin is better in just about every aspect that is vital to it being money.

>> No.53021948

>>53021132
hahahahahaha baggie
nice digital pet rock