And I got goxed as my initiation prize. =)
I don't often post in crypto subreddits because they're mostly stupid, toxic shills bickering with eachother. But I feel like a rant... just this once. I promise.
As someone that got involved in 2013 discussions, the excitement and imagination surrounding the community back then and has slowly watched the demise of /r/bitcoin since before it's authoritarian shill mods grew a spine and new ones came to power....
BCH is all I use now. If it became defunct any similar coin is what I would use. I still see what appealed to libertarian-ish folks at the beginning of this project, and the entire reason for bitcoin's creation.
BTC is now entirely incapable of what it was designed to do, and is essentially owned and operated by a handful of individuals (mining/security) and one dev corporation.
BTC is for speculation, and it has done very very well for myself and anyone that hodls. It has no use case other than speculation. It is less of a "store of value" than other fiat currencies, and only has value so long as folks think that /more/ people will buy in to it. This isn't a feeling, it isn't a guess. It's fact. Nobody is dumb enough to think it retains any value if people lose faith that new entrants will buy. That is the only remaining key to it's success.
And people are hoping that more folks buy in despite it not having any real use (as far as transactions, or a store of value relative to... precious metals/ammo/water/anything). A store of value is not something which has a value based entirely on speculation like tulips, and which other than mining hashpower can and has been improved upon in every way conceivable.
The ONLY thing that the remaining fork called bitcoin has going for it is hashpower. And that is dominated by a handful of players that could collude if they felt like it.
<3 cryptocurrency. Dislike shills, stupid "investors", and in general noobs who do not understand the tech and utility of a currency that people can actually use without being banked, with no corporate or govn't entities to ask permission from.
TL;DR
Cryptocurrency is amazing, Satoshi deserves a medal, I'm glad that there will always be a crypto that people can actually use, regardless of what it's ticker is.
Most of the people in this sub are cool. Some of you are just as bad as the remaining folks in the other sub. Either way, I'm glad this exists. PEICE.
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source https://www.reddit.com/r/btc/comments/n28i98/i_didnt_get_in_until_2013/
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