I know in 2025. Wake me up when BTC can do 300tx/sec under a dollar fee.
LTC and ETH already have LN so why are they valued less than BTC when they are much better in every regard?
Bitcoin: the World's first decentralised Ponzi scheme
- Thread starter Nighthawk
- Start date
I know in 2025. Wake me up when BTC can do 300tx/sec under a dollar fee.
LTC and ETH already have LN so why are they valued less than BTC when they are much better in every regard?
The supply of ethereum is inflationary. Maybe you have found a buying opportunity in LTC.
So is Bitcoin, let's not go there again. When something is constantly made new. Unless you can prove the world destroys more than 1900 coins/day.
But anyway it is irrelevant, nobody values these cryptos based on their actual abilities or features.
I do.
I do.
So which crypto is the best technically, LTC or ETH? (based on features) Or Dash maybe? Certainly not Bitcoin Cash...
Let's see, BTC is choking on 4 tx/sec, BCH at least can handle 32 and LTC's capacity is 52. Nevermind LTC is almost as old as BTC, and in 7 years BTC couldn't fix this until they actually created a new coin, BCH.
Edit: I have just learnt about NEM, it has a 4500 tx/s capability. The first to match Visa's...
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My personal current preference is Monero, but I wasn't talking about a particular crypto... I was talking about the features of most cryptos, one in particular: descentralization. As I said before: what crypto has better features is something that the market will decide(and like everything in a free market, it is a dynamic process, not static like in the world of big governments/monopolies(which are always a consequence of governments).
I read somewhere here on ET: "The horror of regulators to see such an increase in price of bitcoin and NOT BEING ABLE TO DO NOTHING." This is like music to my ears(to my eyes, in the case, if you want to be literal).
If indeed it crashes, oh well... The people who lose money in it will just have to deal with it. That's how life is, people take risks, chances, and they should collect the profits if it goes well or take the losses if not. And only idiots think that some other idiot from government can protect them from taking responsability for their own lives. As Ben Franklin said: "Those who sacrifice liberty for security, deserve neither."
Unfortunately, to this day, there are people who insist that they should give power to government to "keep them safe", even if that has already been proved to be a lie time and time again. But now, as the above quoted article wrote, governments can't do shit about it, and that is because of this beautiful feature of cryptos: descentralization. There is nobody to coerce or to put in jail, there is no company to fine... And even if they try to criminalize it, it's be just like North Korea's "official exchange rate for the dollar": a joke. And since this is the only way government knows or can act, they are powerless.
To me, there is nothing more VALUABLE than that these days.
I read somewhere here on ET: "The horror of regulators to see such an increase in price of bitcoin and NOT BEING ABLE TO DO NOTHING." This is like music to my ears(to my eyes, in the case, if you want to be literal).
If indeed it crashes, oh well... The people who lose money in it will just have to deal with it. That's how life is, people take risks, chances, and they should collect the profits if it goes well or take the losses if not. And only idiots think that some other idiot from government can protect them from taking responsability for their own lives. As Ben Franklin said: "Those who sacrifice liberty for security, deserve neither."
Unfortunately, to this day, there are people who insist that they should give power to government to "keep them safe", even if that has already been proved to be a lie time and time again. But now, as the above quoted article wrote, governments can't do shit about it, and that is because of this beautiful feature of cryptos: descentralization. There is nobody to coerce or to put in jail, there is no company to fine... And even if they try to criminalize it, it's be just like North Korea's "official exchange rate for the dollar": a joke.
And since this is the only way government knows or can act, they are powerless.To me, there is nothing more VALUABLE than that these days.
I have to read up on Monero. Dash's anonymity also sounds interesting.
Edit: Apparently both are similar:
https://steemit.com/cryptocurrency/@profitgenerator/dash-vs-monero
Edit 2: Dash is kind of BS, Monero wins.
In a perfect world yes, in real life Litecoin should have taken over BTC YEARS ago, because it has better features and it is almost as old. Yet, in 7 years that didn't happen. Today we have at least 5 coins better than BTC, yet BTC is still ridiculously overvalued.
So just when will the market come to its senses? BTC is like Tesla, a cult stock with no business plan to make it profitable, with a constant need for new money coming in, yet it is still not bankrupt.
Edit 3: After reading up on Monero, it looks like it is the closest to the spirit of Satoshi, technically speaking. It even has fungibility.
Edit: Apparently both are similar:
https://steemit.com/cryptocurrency/@profitgenerator/dash-vs-monero
Edit 2: Dash is kind of BS, Monero wins.
In a perfect world yes, in real life Litecoin should have taken over BTC YEARS ago, because it has better features and it is almost as old. Yet, in 7 years that didn't happen. Today we have at least 5 coins better than BTC, yet BTC is still ridiculously overvalued.
So just when will the market come to its senses? BTC is like Tesla, a cult stock with no business plan to make it profitable, with a constant need for new money coming in, yet it is still not bankrupt.
Edit 3: After reading up on Monero, it looks like it is the closest to the spirit of Satoshi, technically speaking. It even has fungibility.
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