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by sjfidsfkds
1879 days ago
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This is the best pro-bitcoin argument I’ve heard in a long time! One big question I have is why bitcoin specifically has the value and not other cryptocurrencies. Others provide the same technical security guarantees. Bitcoin has a lot of hash power, which is nice, but that doesn’t seem to provide much additional security compared to other major cryptos, especially if the government of China can ruin it at any time. Why not Etherium, which has a lot of additional useful features? Or some other crypto with lower fees and a higher transaction capacity? One that’s carbon-neutral? I buy that bitcoin is important (I do own some), but I don’t see why the value should go up, or that it should end up being worth a big proportion of the benefit that cryptocurrency brings to humanity. |
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1) it was launched fairly by a person who uniquely had no reasonable expectation of profit when doing so,
2) it was launched first, giving it first-mover advantage, and
3) its proprietors made the very wise choice from 2015-2017 of censoring their populist opponents pushing for Bitcoin to become PayPal 2.0, and instead euphemistically refering to Bitcoin as “digital gold” — the speculative store of value to end all speculative stores of value
The very fact you’ve asked this question in full knowledge of owning both BTC and altcoins whilst also alluding to altcoins being more valuable, and the fact readers can only possibly act on your narrative by investing in the coins to which you allude — obviously only as a speculative store of value — just goes to show why Bitcoin is #1. Cryptocurrencies are simply nothing more than speculative stores of value, there are no exceptions.