Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency...

Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency. Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely). Ethereum and Link offer actual utility value (smart contracts). Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.

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yo dude, we push that meme after btc reaches ath... come on man smdh

As long as tether keeps printing bitcoin is a money maker

How many times do you stupid shitcoin fucks have repeat this same retarded comment. IT DOES NOT MATTER HOW FUCKING BETTER YOUR COIN IS IT IS ALL ABOUT REACHING CRITICAL MASS FIRST. ITS CALLED THE NETWORK EFFECT WHICH BITCOIN HAS ALREADY ACHIEVED. THERE IS ABSOLUTELY NO WAY ANOTHER SHITCOIN CAN EVER REPLICATE BITCOIN’S MOMENTUM. This is the last time I’m going to say this so take it or leave it

>REACHING CRITICAL MASS FIRST
In the short-term, sure. In the long run, utility and quality matter more. Facebook did surpass Myspace after all.

Facebook surpassed MySpace because MySpace failed to reach critical mass before Facebook. My comment still stands.

Not selling

There are many examples of the first mover being overtaken by a superior option. Yahoo and Google is another one.

Anyone who’s studied materials engineering knows how a crystal is able to effortlessly grow after passing its critical mass due to a more favorable Gibbs Free Energy condition. This analogy is applicable to anything in the universe , especially when dealing with networks

Yahoo failed to achieve critical mass before Google. It doesn’t matter what is created first, it is about which nucleus is able to win the race to achieve critical mass and cross the line first. My comment still stands.

FBTC

>Why do people still invest in this? Bitcoin is too slow and volatile to be adopted as a widespread currency. A stablecoin would be used if crypto were ever used as currency. Its "digital gold" value is pure speculation and hinges off of mass adoption (unlikely). Ethereum and Link offer actual utility value (smart contracts). Even if Bitcoin rises in value, ETH and LINK will rise with it, likely even more, due to their lower market cap.

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Everyone shut up and buy LINK or AVAX

>Ethereum and Link offer actual utility value (smart contracts)

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

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> "If you knew anything about the history of MySpace you would know Myspace flamed out at a billion dollar when it was less than 1% of what Bitcoin was. Bitcoin was never MySpace. Bitcoin is the Facebook of digital monetary networks. It's software eating money"
That quote is from Michael Saylor, MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society. CEO and founder of Microstrategy and founder of a couple other billion dollar companies and author of New York Times bestseller book about technology and someone who invested $250 Million of company's treasury in Bitcoin.
> "Bitcoin is MySpace"
Retards

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hey fag dont buy bitcoin, simple as that..... buy XRP and bobo coin if you cant keep the dicks out your mouth

>First got into crypto in 2013. Thought the same thing when it was $180. Used to laugh and how bad people got burned buying at $1000.
>Bought a load of shitcoins.
>About a month ago I started buying my first Bitcoin - at around 9800 Euros each.
>I won't cash out for about 20 years so slow and steady is fine.

> "If you want to endow anything of value and you want to convey it across a 100 years without losing it, how are you going to do it? Would you invest it Apple stock? Real Estate? Gold? Take your 100 million dollars and hold it in fiat currency. You're going to have 1% or half a percent of it left. You are going to lose 99% of it. Stocks? Is Apple going to be around? Gold? Gold miners produce 2% more every year. If you were to own the entire supply of gold and it were pure, if gold miners create 2% more every year, the rule of 70 says gold supply doubles in 35 years which means you would own half the gold supply in 35 years and a quarter of the gold supply in 70 years and in a 100 years maybe 15% of the supply. Real Estate. Do you know what the property tax rate is in Florida? 100 Million dollars in Florida is $2 Million a year. Over 30 years you lose it all. I bought the Bitcoin thinking I was buying that share of 21 million. If you put your money in Bitcoin you're keeping in all. You're not losing anything. Bitcoin is the hardest asset in the history of the world. It's an anti-fragile evolving thing. You can liquidate a $100 Million dollar worth Bitcoin in a foreign country, in a foreign currency in a saturday afternoon. You might take a 3% haircut. Try moving gold and doing that in Istanbul. Bitcoin is dematerialized gold."
Quote from Michael Sayor again. MIT graduate with a double major in aeronautics and astronautics; and science, technology, and society. CEO and founder of Microstrategy and founder of a couple other billion dollar companies and author of New York Times bestseller book about technology and someone who invested $250 Million of company's treasury in Bitcoin.
> "Bitcoin is slow and volatile. My shitcoin is faster."
>Retards

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Funny how so many retards posting on biz think they know better or are smarter than Tech CEOs

>Bitcoin is slow and volatile
>Ripple is fast and stable

QUICK EVERYONE BUY RIPPLE GO GO GO

>He still doesn't get it

If you make the best store of value today you still need at least a decade of being established and tested before you can think of replacing BTC and the BTC devs can use your results anyway without switching chains. The markets will condense into fewer tokens and those tokens will continue to be be focused on being redeemed in BTC. The game will continue to be about stacking sats.

based maxi

Love this quote. Thanks user.

you are an idiot. try making a token on bitcoin. you can't. try making uniswap on bitcoin. you can't

btc and eth are not competing with each other.

Not to say it's the same, but you can create tokens on BTC. It just doesn't work the same as eth.

Again not saying it's the same thing just keeping you honest.

Why do people still use this? There are newer, faster, more capable protocols.
First to market, network effect, and adoption rates.
It's good enough.
Easy.

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Some guy just transferred 1.15 billion dollars worth for 3.5 dollars
I'd say that's pretty useful

fair enough, rsk exists but no one uses it.

not saying btc bad, i hold btc too, but maxis are retarded and cringe

But user does not want to create a token on BTC, they're just simply stating that Ethereum is not needed.

>2017+3
>people still think Bitcoin is worthless because "you can't buy a cup of coffee" with it
let them FUD themselves

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Does this Michael Faggot guy know that Bitcoin is inflationary for the next 100 years?

I'm both buying BTC and leveraging long with XBTC.

Get on my level plebs.

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>There are newer, faster, more capable protocols.
which one?

ok, and does your mother own bitcoin?
no? well, does she have facebook?
bitcoin hasn't reached critical mass yet.

i'm transfering billions of dollars every day. what a useful thing bitcoin is. wow. couldn't live without it.

my mother owns bitcoin

Actually yes she does

Because it’s not a currency, it’s a store of value

And not a single penny of Ethereum or any other shitcoin, I might add