I started to believe in the bitcoin maxi hypothesis Help me believe in the rest of the crypto ecosystem guys Why will anything else other than BTC rise? Will the other chains have something valuable to provide? (long term, what?)

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Anonymous Wed Dec 21 19:29:13 2022 No.52966289 [Reply] [Original]

I started to believe in the bitcoin maxi hypothesis
Help me believe in the rest of the crypto ecosystem guys
Why will anything else other than BTC rise? Will the other chains have something valuable to provide? (long term, what?)

>>	Anonymous Wed Dec 21 19:30:30 2022 No.52966307 I'm an xmr baggie so that's my contribution

>>	Anonymous Wed Dec 21 19:32:31 2022 No.52966329 is there an actual smart contract platform that didn't have a premine? anyone? any one singular instance?

>>	Anonymous Wed Dec 21 19:33:34 2022 No.52966339 You need to understand that btc is a compromised piece of shit. Blockstream has fucked it to death and it does not reflect the white paper.

>>	Anonymous Wed Dec 21 19:35:31 2022 No.52966363 >>52966289 b b buii bbbbbbbbiiiiiiiiiiiii b buh buh buuuuuhhhhhhhh b b bbbbb biiiiiiiicckkkkk biiiiiickkkkkkkk b b b b biiiiiii b bi bi bi bi bi biiiiiiiiiiiickcoooooooooooooooooooooooooooooooooohhhhhiyynnnnn

>>	Anonymous Wed Dec 21 19:35:43 2022 No.52966367 >>52966339 bch doesn't pump though

>>	Anonymous Wed Dec 21 19:37:57 2022 No.52966391 >>52966367 OK buy eth then

Anonymous Wed Dec 21 19:46:50 2022 No.52966502

>>52966307
I'm a fan of XMR but it's only good for getting your funds out of anyone else's eye, once you clean your funds through it you can safely go back to btc
That's it.
You probably won't be able to refute this, but i'm willing to listen and have my expectations positively outperformed, if you can do that
>>52966339
Blockstream changes to BTC won't kill BTC, and even if it would, let's say BCH becomes BTC. What of all the rest of the crypto ecosystem like ETH, LINK, etc.? Why would anyone need those if BTC/BCH are the only thing with real value?

What do the others provide that BTC doesn't?

>>	Anonymous Wed Dec 21 19:52:46 2022 No.52966568 >>52966502 I'm not saying it will kill btc, I'm saying that btc isn't bitcoin by definition and there's value in another chains that can fill that role >eth link etc They all do different job.

Anonymous Wed Dec 21 19:58:29 2022 No.52966629

>>52966502
>once you clean your funds you can safely go back to btc
but why would you? sounds really annoying to have to wash your money after each transaction (at least if you want to get close to the level of privacy xmr provides) in another (better) currency and paying tons of fees in the process

>>	Anonymous Wed Dec 21 20:00:16 2022 No.52966647 >>52966629 Because btc is the only one regarded as the true store of value/digital gold, not other shite, anything else is not the first mover and it's worthless compared to btc

>>	Anonymous Wed Dec 21 20:01:17 2022 No.52966663 >>52966568 A circle jerk job, why is anything else needed? For what purpose?

>>	Anonymous Wed Dec 21 20:03:42 2022 No.52966690 >>52966289 >Help me believe in the rest of the crypto ecosystem guys There isn't one. It's all premined, ICO shitcoinery and vaporware that will never see any usage.

>>	Anonymous Wed Dec 21 20:06:27 2022 No.52966716 >>52966502 >What do the others provide that BTC doesn't? stablecoins and stop swaps, perp trading, loans

>>	Anonymous Wed Dec 21 20:09:37 2022 No.52966755 >>52966289 Bitcoin is the First, but is impecfect (not private so you can't 100% bypass the banks/governerments). Monero is the answer. Pretty much all other cryptos are BS. And don't get me started with Ethereum.

>>	Anonymous Wed Dec 21 20:15:19 2022 No.52966812 File: 135 KB, 1080x1080, dead shitcoins.jpg [View same] [iqdb] [saucenao] [google] >>52966690 This

>>	Anonymous Wed Dec 21 20:24:24 2022 No.52966938 >>52966812 by deactivated do they mean delisted or no ones running the network?

>>	Anonymous Wed Dec 21 20:38:47 2022 No.52967076 >>52966329 Yes, RGB protocol on the Bitcoin network is one example. Taproot update allows for lvl 3 smart contract operations on the lightning network

>>	Anonymous Wed Dec 21 20:40:03 2022 No.52967091 >>52966502 >let's say BCH becomes BTC there was a slight chance for that in 2017. none now.

>>	Anonymous Wed Dec 21 20:41:31 2022 No.52967105 >>52967076 lol rgb is not a smart contract platform. it's just representing other exogenous assets as op_return. it's an old joke. literally colored bitcoins from 2012 or what.

Anonymous Wed Dec 21 20:48:36 2022 No.52967175

>>52966716 >>52966716
>What do the others provide that BTC doesn't?
BTC removes completely counterparty risks if you self-custody
any other shit you want just exposes you to several layers of counterparty risks again and again
>stablecoins
usd garbage full of counterparty risks
>stop swaps
financial kikery, counterparty risks
>perp trading
usd settled shit contracts, absolute garbage that NEVER even touches the underlying asset
it literally just adds extra counterparty risks since perps exchanges are using a giant pot and mixing liquidity for hundreds of pairs all together, 1 pair gets fucked, the whole exchange is insolvent
spot trading is a lot safer (but still has counterparty risks because lack of self custody)
>loans
it can only be done with fiats since if someone goes bankrupt you can print more out of thin air
of course you cannot do it with btc, and that's a great thing

Anonymous Wed Dec 21 20:55:25 2022 No.52967260

>>52967175
the world will not function without loans. in all likelihood if bitcoin gets adopted then paper bitcoin will dominate. there will be thousands of bitcoin denominated ious to every real bitcoin in existence and even that will not be enough. central banks will hold these ious as "reserve" and issue fiat currencies just the same. but that wills till not be enough to satisfy the appetite for credit. that will still not be enough currency for the world to function. no.

you all don't understand what we are fucking with.

>>	Anonymous Wed Dec 21 20:58:21 2022 No.52967291 >>52966938 Delisted ERC-20s for sure. Nothing of value was lost.

>>	Anonymous Wed Dec 21 20:59:17 2022 No.52967304 >>52966289 >Why will anything else other than BTC rise? Will the other chains have something valuable to provide? (long term, what?) Do you know what a smart contract is?

>>	Anonymous Wed Dec 21 21:01:30 2022 No.52967336 >>52967304 BTC L2 or Sidechain for smart contract shitcoining would make more sense than meth.

>>	Anonymous Wed Dec 21 21:03:52 2022 No.52967367 >>52967336 rsk so far doesn't have any adoption whatsoever. liquid no adoption it's a complete ghost town. it's almost like without speculation nobody is interested.

>>	Anonymous Wed Dec 21 21:21:01 2022 No.52967587 >>52966289 >BTC >rise LOL

Anonymous Wed Dec 21 21:23:53 2022 No.52967628

>>52966289
BTC process transaction much slower than other chains and the transaction fee is worse, the same as ETH. I see other blockchains as a better version of BTC, I prefer Elrond especially because it freaking cheap, focused on web3, and process transaction really fast, I see a good reason why crypto payment platforms like Utrust migrated from ETH to it

>>	Anonymous Wed Dec 21 21:24:55 2022 No.52967641 >>52967175 >usd garbage full of counterparty risks what about dai? >it can only be done with fiats since if someone goes bankrupt you can print more out of thin air well theres aave which has them overcollateralized

>>	Anonymous Wed Dec 21 21:26:51 2022 No.52967658 >>52967641 Dai is a huge risk. Partially backed by USDC which may be frozen lmao Also overcollat doesn’t work well if eth dumps to $300 in one candle.

>>	Anonymous Wed Dec 21 21:29:13 2022 No.52967693 >>52966289 >bitcoin is a shitcoin only dirty businessman man mine it, any retard with a CPU can mine MONERO and even open a wallet node with a raspberry PI. Mcafee was a avid promoter of monero btw

>>	Anonymous Wed Dec 21 21:29:37 2022 No.52967699 >>52967658 >Partially backed by USDC oh yea this is the real issue

>>	Anonymous Wed Dec 21 21:37:52 2022 No.52967793 >>52967336 Anon, we've long past caring where smart contracts are executed. That problem is solved. You're way behind the curve here.

>>	Anonymous Wed Dec 21 22:20:31 2022 No.52968234 File: 179 KB, 366x383, 1670424387041479.png [View same] [iqdb] [saucenao] [google] >>52967628 Web3payment will be the next trend of course

Anonymous Wed Dec 21 23:20:32 2022 No.52968905
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>>52966502
>I'm a fan of XMR but it's only good for getting your funds out of anyone else's eye, once you clean your funds through it you can safely go back to btc

lol no, when you "go back back to BTC" you're always at risk of receiving coins that are even more tainted than the ones you started off with.

With Monero you never have to worry about such things, which makes for a much more pleasant and care-free user experience.

Anonymous Wed Dec 21 23:26:01 2022 No.52968960
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Oh and BTW, Monero is already replacing Bitcoin in real-world markets.

https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin
https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin
https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin
https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin
https://moneroinfodump.neocities.org/#MoneroReplacingBitcoin

>>	Anonymous Thu Dec 22 01:57:55 2022 No.52970526 >>52966502 What exactly is the point of "going back to btc"? Seems to me that you're just shoehorning your shitcoin into the scenario.

>>	Anonymous Thu Dec 22 02:03:07 2022 No.52970573 >>52966289 Bitcoin has failed to become peer to peer cash. Maxis have profited from being early, and use the store of value meme to convince you to pump their bags.

Anonymous Thu Dec 22 02:08:30 2022 No.52970608

>>52967793
No one cares until tail risks expose themselves. I look forward to the day one of these centralized L1s rugpull an entire ecosystem or the gov steps in to shut them down or control them. No one cares because everyone has for the most part been good stewards to pump their bags so far, this honeymoon period won't last forever.

>>	Anonymous Thu Dec 22 06:03:49 2022 No.52972716 File: 270 KB, 1191x710, CashOrMoneroOnly.jpg [View same] [iqdb] [saucenao] [google]

>>	Anonymous Thu Dec 22 07:54:33 2022 No.52973475 >>52966289 I am a privacy baggie, that's my contribution

>>	Anonymous Thu Dec 22 08:00:53 2022 No.52973509 >>52966289 Longterm value will continue to pour in other coins. Cardano will be dominating next season gaining most of market dominance and flippening will happen somewere in next two cycles. Eth will not be the one flipping btc.

>>	Anonymous Thu Dec 22 12:09:46 2022 No.52974980 >>52966307 Xmr baggies jumping on all threads. Is anyone not talking about security or asset management as much as privacy?

>>	Anonymous Thu Dec 22 12:11:54 2022 No.52974996 >>52970608 Only if every system adopts asset security as gnosis or ore network does, I don't see any L1 going down.

>>	Anonymous Thu Dec 22 14:11:45 2022 No.52975995 >>52966289 Its a part of growing up. You have to realize that crypto is just an elaborate money-laundering scheme and the most reliabe sub-scheme is BTC.

Anonymous Thu Dec 22 14:19:40 2022 No.52976070
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>>52966502
>>52966755
>>52973475

I hold 2/3 BTC 1/3 ETH but I'm interested in monero, however my main issue with it is that if adoption of this coin ever becomes mainstream, I think (but im an idiot) the following will happen:

1. Transaction fees will be super high like with bitcoin, making it "a store of value" instead of a currency, and with that..
2. Governments can just disallow all on/off ramps to monero, effectively killing it.

If anyone can convince me that these two things will not happen or that it will not be as bad because of XYZ i will happily load up some XMR

>>	Anonymous Thu Dec 22 14:20:29 2022 No.52976079 >>52966289 Take a look at ORE cross-chain identity protocol and how it enables the interoperability of DIDs across different chains. It is clear enough that other chains are valuable and multi-chain is the future

>>	Anonymous Thu Dec 22 14:22:10 2022 No.52976103 >>52975995 That's retarded. If you think that is all there is to crypto, you really deserve to die poor

>>	Anonymous Thu Dec 22 14:23:38 2022 No.52976117 File: 104 KB, 800x622, 4ad7941f4973d548_800.jpg [View same] [iqdb] [saucenao] [google] >>52974980 >Asset management >Identity management Perhaps the most important use case in the blockchain space

>>	Anonymous Thu Dec 22 14:29:43 2022 No.52976192 >>52976103 I've been in crypto far longer than you newfag.

Anonymous Thu Dec 22 14:35:33 2022 No.52976252
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>>52976070
>1. Transaction fees will be super high like with bitcoin
monero has dynamic/adaptive block size. research more

> 2. Governments can just disallow all on/off ramps to monero, effectively killing it.
monero is the dark asset. it doesn't care about goverment interventions. pubilc crypto = bitcoin, dark crypto = monero . you should have a stack of both if you are smart. all the other coins do not matter, literally only btc and monero matter. the price of cocain is 50 euros per gram because it is illegal and the goverment is "trying to kill it" offshroe private banking / assets will always be there. even in a completely surveillanced world. having access to monero in this surveillance state will automatically make you part of an elite class above the fucking drooling herd of npcs.

even if BTC fails completly, Monero will still be relevant as it is taking over what Bitcoin used to be used for, anyonymous private darknet markets.

Anonymous Thu Dec 22 14:40:19 2022 No.52976312

>>52976252
i forgot to mention that if you buy a gram of cocain on the street you effectively get 20pct cocain and 80pct cutting agent. so a pure gram of cocain probably costs like 200 euros.production prices are like $200 per kilo at the source. the whole network of cocain smuggling is so profitable exactly because it is illegal. and cocain is expensive exactly because it is illegal. look at guns for example. obtaining a glock 19 where I live would set me back 3500 euros these days. how much does a glock 19 cost in merica where its legal? like $500? which markets do you intend to trade on in the future? only public blockchain? you will never need something that is deemed "illegal" in your country? are you entirely sure about that? cause when shit hits the fan, and goverments fail and states collapse, you need that gun. and its illegal status will have no meaning.

>>	Anonymous Thu Dec 22 14:50:08 2022 No.52976475 >>52976252 You're not considering the fact that anonymity-enabling solutions that support BTC are emerging. Dyor on Railgun and stop embarrassing yourself

Anonymous Thu Dec 22 15:59:29 2022 No.52977495
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>>52966391
That looks good summfegs,I got so freaky broke when using ETH the fees it's fucking high, but making paymeb with web3payments services has been so juicy as I can even get cashback when I stake it .

>>	Anonymous Thu Dec 22 16:27:02 2022 No.52977994 >>52968234 Sound great fegs with the deflationary tokenomics is more than enough reason for anyone to invest in Xmoney.

>>	Anonymous Thu Dec 22 16:31:15 2022 No.52978069 File: 57 KB, 743x320, XOR_7D_graph_coinmarketcap.png [View same] [iqdb] [saucenao] [google] Not everything sucks.

>>	Anonymous Thu Dec 22 16:38:42 2022 No.52978199 Bitcoin maxxies are the true main characters, though.

>>	Anonymous Thu Dec 22 16:39:11 2022 No.52978212 >>52978069 >Exit liquidity

>>	Anonymous Thu Dec 22 16:56:53 2022 No.52978562 >>52966289 Why will BTC rise?

>>	Anonymous Thu Dec 22 16:58:11 2022 No.52978588 File: 65 KB, 1376x720, acts-5-3-4.png [View same] [iqdb] [saucenao] [google]

Anonymous Thu Dec 22 17:21:53 2022 No.52979132

>>52966289
Bitcoin doesn't do anything. The store of value meme can only go so far. ETH can latch onto and consume the entire existing financial system. Imagine...

3rd world nations use stablecoins (not BTC) as an alternative to their native currency.

The US releases regulatory guidance for stables to enforce dollar hegemony.

Institutional money investigates the DeFi ecosystem, realizes the ridiculous yields enabled by composability, and pushes for equity / derivative trading to move on-chain.

Anonymous Thu Dec 22 17:30:00 2022 No.52979316

>>52968234
micropayment via crypto is heading next level in the coming years, strike is making it happen in El Salvador and other regions while folks in New Zealand and pay for a can of coke via their Sylo Smart wallet.

Adoption doesn't hit harder imo

>>	Anonymous Thu Dec 22 17:36:38 2022 No.52979477 >>52978562 On the long run yes

>>	Anonymous Thu Dec 22 17:37:39 2022 No.52979505 >>52978199 They think they're

>>	Anonymous Thu Dec 22 17:43:29 2022 No.52979668 >>52979316 Who could be so retarded to accept payments in their stores for an unknown token kek?

>>	Anonymous Thu Dec 22 17:48:34 2022 No.52979813 >>52979505 Bitcoin isn't crypto tho

>>	Anonymous Thu Dec 22 17:54:33 2022 No.52979954 File: 47 KB, 575x489, 20220717_212851.jpg [View same] [iqdb] [saucenao] [google] >>52979668 Don't be a jeet retard It's payment via BTC accepted in selected vending machines

>>	Anonymous Thu Dec 22 18:01:35 2022 No.52980134 >>52979813 Something a bitcoin maxi

>>	Anonymous Thu Dec 22 18:02:48 2022 No.52980163 >>52966289 Other than BTC You got ETH BNB AVAX GMX MATIC LINK DOT

>>	Anonymous Thu Dec 22 18:09:57 2022 No.52980331 >>52979316 payments, privacy, DeFi, real-yield etc all to lead the next crypto bull market Smart anons are accumulating in line with these trends

>>	Anonymous Thu Dec 22 20:38:07 2022 No.52983091 >>52966289 There are a lot of great techs just coming up like the allianceblock TIDV and Nexera protocol. I believe these two will gain mass adoption and will do well, so BTC isn't the only crypto that will do well

>>	Anonymous Thu Dec 22 20:57:03 2022 No.52983370 >>52979954 Crypto payment is the future, but we need a true decentralized stablecoin to achieve that >>52983091 Programmable smart wallets is one of the techs to look out for, and that's why I'm also bullish on the Nexera

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