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167 sats \ 2 replies \ @l0k1 15 Oct 2022 \ parent \ on: Why the New York Times is critically wrong about hard forking bitcoin
All altcoins grow while they accumulate users, and then steadily decline in value as everyone realises the use case and value proposition don't exist. Out of 20,000 altcoins, there has been zero that have long term grown in Bitcoin echange value.
Meanwhile, my 100 sat tip today will be worth a dollar, with 100% certainty, in 4 years, I just have to wait.
The other tradeoff is you have to not offend the whales on Hive by questioning anything at all that promotes retail filling their bags. I was involved in the initial mother chain, Steem, before it had a hostile takeover and turned into JustinSunCoin along with his other scam Tron.
I've been involved in the building of 6 different altcoins in the last 7 years. Every single one was a scam, ponzi, and a cult. But you won't see it until the rug is pulled out from under you, and even then it could take years before you figure it out.
I find value in censorship resistant text storage and I haven't seen anything better at that than Hive.
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It is frustrating that IPFS is not fulfilling this purpose. It is true that the posts on the chain are always available after some number of blocks.
I just can't stand the cult-ure of steem fork chains.
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