Right now this market is flourishing like crazy. Bitcoin is nice and stable and acting as almost a reserve currency that the alts can be traded against. It brings an ease to the market as a whole when bitcoin is like this and looking healthy. It allows people to experiment in the alts without fearing their USD value dumping because bitcoin is crashing. Its also handling most of the inflow and out flow and keeping most of the whales money safe as well. We want this. We want a reliable bitcoin at the center of things letting the market flourish. Slightly sideways and up is a great trajectory for bitcoin to allow these market conditions. Your alt coin does not need to "beat" bitcoin or take over its market share. It needs to coexist with it and do something useful for the world. Any time a big portion of the market starts thinking something disruptive will happen to bitcoin it tanks. Whales get nervous and go to fiat and everything snowballs. Bcash was what did it last time and IMO it would be great if everyone could sort of unite and let bitcoin have a change to do its thing without saying it needs to be brought down and replaced with something better... The fact is its working. I got a transaction today through on btc in like 30 minutes. And thats good enough for a chain handling most of the workload of on boarding the general public right now. The miners have also stopped the spam attacks which helps a lot. So can we let its do its slow steady reliable thing. Let it figure out how it wants to scale. Let it see if lightning atomic swaps or other tech will work.. let it hardfork when it thinks its read. LET IT BE THE STABLE BACKBONE for all this other cool experimentation. Because its working fine for something supporting so much right now. It is not trying to do crazy experimental stuff it is just supporting the entire market right now. So please... Even if you hate it for some reason atleast respect what happens to the market when it gets some stability and support. Everything gets to flourish. You dont need to kill bitcoin and replace it with your favorite alt. Because honestly if you put all the transactions and attacks happening to bitcoin onto your favorite alt.. odds are it would collapse. Just wanted to write this up here because I think its important for everyone to understand why we are flourishing now.
author | theeashman |
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permlink | like-it-or-not-you-should-be-rooting-for-bitcoin |
category | cryptocurrency |
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cheetah | 0 | 2,347,121,034 | 0.08% | ||
theeashman | 0 | 129,003,782 | 100% | ||
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author | cheetah |
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permlink | cheetah-re-theeashmanlike-it-or-not-you-should-be-rooting-for-bitcoin |
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I agree. Just a minute ago I commented on another post about how Bitcoin, its forks an other altcoins can perfectly co-exist. Iām so sick of the sentence āWill this be the new Bitcoin?ā Bitcoin is Bitcoin, and the market is big enough for other coins to grow next to BTC. IMHO, all those tries to āreplaceā the original Bitcoin are the biggest treat to BTC. We shouldnāt forget that it was/is Bitcoin who took the first steps towards mass adoption, and opende the Doors for many other coins. Trying to replace it is a nonsens. Instead, people shoul focus on coins co-existing and adding value to eachother
author | mike314-0005 |
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permlink | re-theeashman-like-it-or-not-you-should-be-rooting-for-bitcoin-20180107t235636469z |
category | cryptocurrency |
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