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0 sats \ 8 replies \ @moneroshill 18 Sep 2022 \ parent \ on: Lightning Network and Interplanetary Settlement bitcoin
They can't just fork it from genesis and make some sort of AlienCoin? Bitcoin does not have unique properties over other cryptocurrencies besides brand recognition.
Unique property #1: It's the oldest time-chain
Unique property #2: It contains the heaviest proof-of-work
Unique property #3: Market cap never surpassed by alternative timechains
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BTC isn't winning because of branding. It has a brand because its winning.
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All three properties you've described here are related to its branding and not its usability.
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This is pitiful. None of those are unique properties. These are not fundamental, technical properties of bitcoin. None of these features make bitcoin more useful to martians than a new cryptocurrency which is forked from genesis.
It is trivial to create a cryptocurrency that has all of those properties by simply starting a new genesis block with an old timestamp and spending a ton of PoW to stack blocks with old timestamps on it. Boom, you have something that is indistinguishable from "old" cryptocurrency like bitcoin.
Secondly, bitcoin's market cap is not some feature of bitcoin, it is merely dependent on the price that people trade bitcoin. You have come full circle in explaining why bitcoin is valuable: "it is valuable because it is valuable".
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Absolute mathematical scarcity that is 100% verifiable?
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Bitcoin's scarcity will kill it due to selfish mining unless miners can scoop up enough fees after block reward dies out. There is no reason to have a hard cap on the supply as it endangers the network for the greed of individual bagholders like you. When bitcoin collapses, just remember that I told you so. Monero's tail emission effect on inflation is nearly identical, the inflation tends asymptotically to zero. All the non-stupid bitcoiners know this, they just can't implement it though hard fork because the bitcoin community is full of idiots like you: https://twitter.com/Truthcoin/status/1552610792998060033
Also, the idea that monero's supply is not as verifiable as bitcoin's supply is simply a lie. If we could not verify monero's supply, then we would not be able to prevent double-spends in the first place: there would be no currency. We have key-images and bulletproofs. It is mathematically verifiable. This is merely a pea-brained take that shows that you are more concerned with the inflation of your bags above all else: the first thing that comes to your mind is the "verafiability of the supply" rather than the security and usabiliy of the network through its ability to prevent double spends.
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Good luck with your shitcoin.
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We don't need luck. Monero will continue to succeed as long as monero users are diligent, open-minded and altruistic where bitcoin users are lazy, close-minded and greedy.
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