Michael Saylor on Luna/Terra Meltdown

alurosu

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Ok, he has a point, but many of "these crypto tokens" have more utility and usage than BTC. I still think people that invest in BTC are not seeing the bigger picture. It was a nice proof of concept, but it will end up as a token on other blockchains.
 

LuckyGamble

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Ok, he has a point, but many of "these crypto tokens" have more utility and usage than BTC. I still think people that invest in BTC are not seeing the bigger picture. It was a nice proof of concept, but it will end up as a token on other blockchains.
The only thing I know of is that BTC has never been "hacked" like other chains and it's tons of time more valuable than all other shitcoins combined.
Sure, there have been "stolen" BTC, but that's usually carelessness from wallet owners.
 

Sunya

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Ok, he has a point, but many of "these crypto tokens" have more utility and usage than BTC. I still think people that invest in BTC are not seeing the bigger picture. It was a nice proof of concept, but it will end up as a token on other blockchains.
"Store of Value" is the most important use case for BTC. We need it desperately in this inflationary world of FIAT.
 

alurosu

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"Store of Value" is the most important use case for BTC. We need it desperately in this inflationary world of FIAT.
You can have BTC as store of value without the Bitcoin blockchain.

The only thing I know of is that BTC has never been "hacked" like other chains and it's tons of time more valuable than all other shitcoins combined.
Sure, there have been "stolen" BTC, but that's usually carelessness from wallet owners.
It's kind of the same thing. In Ethereum's case it's the carelessness of programmers who write smart contracts. The blockchain itself wasn't hacked. The Luna shit fest is completely different. What I'm saying is that it's not BTC vs world. There are other good projects in the space.
 

MisterF

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The only thing I know of is that BTC has never been "hacked" like other chains and it's tons of time more valuable than all other shitcoins combined.
Sure, there have been "stolen" BTC, but that's usually carelessness from wallet owners.

BTC is seen as the safe option like ETH and a handful of others.

It's like investing in currency, would you buy Swiss Francs or Turkish Lira for example?
 

Scorpion Ghost

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timothywcrane

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Here's the difference between BTC and other coins...

Your DAO is called soft forking, and BEP119 is "other things"... Aw hell, Saylor "to the" Moon is doubling down on the shill for his "cointeam"... but won't tell the complete truth...

And still people don't know how any of this works...
and those that do lie, or omit for their sole benefit (both in contract and on screen).

That is what is killing Crypto, Fiat style corruption.
Lot's of projects have human infections.

The "other things" Saylor sort of talks about, are to be the salvation or the demise of the Industry.

We either limit the coin's ability to achieve human hands off functionality or we augment it to achieve code hands on functionality.

Seems the teenage kids on the block (BTC) have suddenly become Luddites. ;)

I'd side with the younger one's fighting it out...

That BEP119 toupee might look good on you though ;)
 
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HustleTong

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Time to stay away from any network backed by its own stablecoin
 

timothywcrane

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Time to stay away from any network backed by its own stablecoin
Yeah, nothing like a "re-tethering" to fiat to prove your confidence in your crypto ;)

Back to Satoshi basics people. Crypto trading is simply a fiat layering. That is why traders are so greedy for transaction time increases. Its not for web3 ecommerce ;)

I hope this gets better with better written contracting, so that some of the worst fiat attacks can be thwarted by basic contract/transaction logic and then the general market might see actual value.

Until then the value store-fiat valuate cycle continues... as it has in fact been getting worse in the last few years. BTC used to mirror the markets by <10%, now it is over 20 ;( This surely has not been due to stronger product/service trade use attached to the currency or programmable chains.

The line between Perl and Python can be so thin... and crowd adoption usually wins over INITIAL technological advantage.
I feel that the contract chain wars have just begun. I know ETH looks like the front runner, but then again us living historians remember Netscape, and before that Commodore, Texas Instruments and Tandy, which by the way sold most of their gear during their consumer heyday through a place called Radio Shack.

Again falling to the eggs in one basket pitfall.
 

Elvlin

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BTC is just like gold irl investment.
Still if you want to invest in the crypto , you need to go for token with real utility. DYR for the new upcoming product that can make breaktrough in the market
that is how you make 100x 1000x or more.
 

jasonforrest

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Ok, he has a point, but many of "these crypto tokens" have more utility and usage than BTC. I still think people that invest in BTC are not seeing the bigger picture. It was a nice proof of concept, but it will end up as a token on other blockchains.
Other blockchains are not as secure as Bitcoin and they never will be. They are centralized, while Bitcoin is decentralized.

"Other blockchains" will continue to circle jerk in the new & hot, and out the old & expensive, forever, as they are always competing with each other, Bitcoin has no competition.
 

alurosu

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Other blockchains are not as secure as Bitcoin and they never will be. They are centralized, while Bitcoin is decentralized.

"Other blockchains" will continue to circle jerk in the new & hot, and out the old & expensive, forever, as they are always competing with each other, Bitcoin has no competition.
I'll only say this: go where the developers are
 
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