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0 sats \ 17 replies \ @Scoresby 10h \ on: Scaling DEBUNKED: No More Than 5-10 Million Can Use Bitcoin, EVER! bitcoin
BTC doesn't scale.
What do you think stops a second Bitcoin chain from starting?
Nothing, there's already countless of them... all the earliest shitcoins are Bitcoin forks.... but they're all worthless because you can't invent digital scarcity twice or duplicate Bitcoin's security.
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Why can't the same consensus rules with a mining algo change produce similar security?
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Will you be asking the same question over and over, expecting different answer?
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Security comes from the scale of the network, for which there is inherently one Schelling point, the rules are irrelevant
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Obviously many people use other chains.
Mostly the consensus rules of those chains are not even close to Bitcoin. But in a sustained high fee environment, I don't see why a second Bitcoin couldn't emerge.
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I don't understand this conversation. People want Bitcoin... not 'other chains'.
Have you guys seen the eth/btc chart lately?
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People also use dollars, dollars are arguably better currency.
Litecoin is arguably better currency than Bitcoin too... could go on forever with a million other shitcoins, stablecoins, blah blah blah.
Yet a second Bitcoin cannot emerge, because Bitcoin is not just a currency. Misunderstanding this fundamental thing is what that leads people into crypto more broadly.
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