0 sats \ 1 reply \ @GRIN 15 Aug 2022 \ parent \ on: Nuclear Fusion Breakthrough Confirmed: California Team Achieved Ignition bitcoin
They're not doing this for Crypto
Smart thinking. Essentially arriving to the conclusion of not wanting to be a victim or taken advantage of.
First it was religion from the state, now money from the state. Curious what (if anything) could be the next un-link-from-state..?
I wouldn't call them scams - they're just products that can make the business issuing them a nice profit. Simple.. At the same time it does serve as an initial 'bridge' for spending Crypto' in the 'real world' using already-existing infrastructure.
The network of miners (I would say is the entity called 'Bitcoin' you refer to as not giving a shit) would probably care if there were to be a more-attractive alternative one day. I agree with that fact: time is time and continues on. If you believe what's outside BTC to be noise, then just wait it out and full attention/dedication will return to it. I don't think it's entirely noise, but yes, there is a lot of it - good luck to those trying to navigate those waters..
As I see, the problem is not crypto-world specific. It's human. We can address whatever it is we see as the issue (greed, delusion/ignorance, etc); just we should seek to solve it at the root. This means, look beyond Bitcoin/crypto/money for that matter.
I don't think 'dumb people' are pushing shitcoins/other cryptocurrencies. Quite the opposite, probably?, extremely smart (some would say: cunning) and, probably by now loaded, players are, simply put, working their business. The 'dumb' people are the ones who believe them and go on to share the 'investment' further, but even then at times - who can blame them - some schemes are, as with their masters, purposefully-designed to be cunning/duping and a lot appeals to greed.
End of the day, for all we know, BTC is some government/NSA brainchild and we're all shitcoiners cheering for a same (if not, an even more aggressive) economic system, currently one that's 2 steps from implosion/disaster.
Alas, all this to say that I disagree with: "ANYTHING that is not Bitcoin is a shitcoin".
Yes, that's one of the trade-offs. Type of this thing: fast, secure/reliable, cheap. You can pick 2 of those.
As I do now, 1 sat is 1 sat. They must be used! Enjoy it while this network continues to survive, the future remains unclear.
Let's avoid arriving to un-budge-able / stubborn conclusions. By doing that, you can actually stifle innovation. We can't stop these open-source/decentralised applications, now that the BTC-cat's out of the bag! Use it to your advantage, and perhaps look to how BTC can implement the/collaborate with 'abilities' of other coins.
I ask you in return: can Bitcoin coexist with a couple other crypto-currencies?
100 years or whatever is a long time.
When this block subsidy arrives at 0 - transaction volume could suffice or there could have been a change somewhere/somehow (either a protocol adjustment or a new currency that the masses use instead of BTC, not that they're using it right now though..).