35 crypto companies got together to make a change dot org petition called “Bitcoin Deserves an Emoji”.
F that
Can’t believe I wasted brainspace reading that garbage
Bitcoin has the right idea, but did not execute it properly, primarily because it was the first and technology has improved and it has not. Monero is actually doing what bitcoin was meant to do and acting as a transactional currency, medium of exchange, and store of value.
I’ve said it before and I’ll say it again:
True bitcoiners 🤝 no-coiners “Bitcoin should be illegal”
Look at my totally stable store of currency bro, trust me bro, this is totally useful as a means of exchange and you can trust in its future value bro, just believe me.
Now, overlay that price chart with a transaction count chart averaged out over say 90 days and what you will notice is that big spike up to 400 and above was at basically no transaction volume which makes it seem more like that was hype. Looking at the price chart over shorter timeframes such as a year will show you that the transaction count is actually increasing now and the price is staying quite stable.
I don’t know if this argument is the winner you thought it was. A currency where people aren’t using it as a means of exchange because of price fluctuations is a failure.
“Ignore the glaring flaws and look only at the parts I tell you to” is great fiscal policy and inspires a lot of trust. You nerds are basically sending PGP emails to each other and pretending it’s money. It isn’t — it’s literally nothing.
Creeping my posts form days ago? That isn’t weird or anything. I’m guessing you’re trying to make a point in there somewhere, but you’ll have to point it out to me.
Monero will not scale. All attempts at “improved” altcoins have just sacrificed scalability in exchange for features that look good in the short term to investors that don’t know any better.
There are people dedicated specifically to Monero scaling and they are a hell of a lot smarter than me and do not see any reason why it cannot be scaled properly. Look at some talks by Articmine
I’m not interested in spending a ton of time on this, but I did go and watch this short interview with him about scaling misconceptions.
Wasn’t convincing at all. For one, the guy comes across as kind of dishonest. Not scammer-level dishonest, but more like a politician. The main thing though is that he’s just a big-blocker, which is just a total dead end. Having everyone store every single transaction that was ever made until the end of time is just not realistic.
In order to scale to any globally significant number of users, a cryptocurrency needs a second layer to aggregate transactions, such as Lightning. Monero seems to have nothing in this regard beyond “However, academic and industry research is ongoing and promising in this area.”
they are a hell of a lot smarter than me
You should not be investing money in something based on this level of understanding, and you *definitely* should not be advocating it to others. Scaling is an existential problem for cryptocurrencies. Their utility is based on their monetary value, and their monetary value is based on investor assessment of their future utility. Without the ability to scale, there will be no growth in utility, which means no investment other than temporary dumb money, which becomes a vicious cycle.
Maybe we don’t need a Bitcoin emoji, but we absolutely need a Doge emoji.
Cryptocurrency is speedrunning ruining everything. We might as well have a laugh at the cryptobros’ expense in the meantime.
I loved the concept at first, the idea of a decentralized currency all handled by encryption, and transactions permamently stored in a public ledger for all to see.
Then the cryptobros and the scammers caught wind of it and it’s all downhill from there.
If you want the name of a payment techology that isn’t snake oil, isn’t blockchain-based, isn’t a cult, doesn’t claim to be a currency, doesn’t work on proof-of-work or proof-of-stake, but actually does provide certain privacy guarantees for your basic purchasing needs, is cryptographically secure, and can be used with only FOSS, I recommend looking into GNU Taler.
The only downside is that it’s not really supported anywhere at all yet. But I do hope it becomes a real thing some day.
Please describe how I can send the money to my mom in Russia (disconnected from SWIFT) with GNU Taler today. I’ll wait.
Yea, that is interesting! I don’t really understand a lot of it though. Wonder how censorship-resistant it can be, and whether the receiver would be able to cash it out anonymously.
GNU Taller is pretty fragile, though. One bank issues unbacked tokens and the credibility of the whole system goes down the drain. It’s the current financial system, just rebranded. Also, it promotes taxation which automatically makes it a cult & scam.
I liked the idea for awhile as well. But for me, learning about the “proof of work” underpinning is what changed my mind. That - and the fact that cryptocurrency does not actually have any of the strengths that it claims to have. It’s definitely and interesting idea… but in practice it’s all just scams and incentivised waste.
Lack of emojis and also having an emoji are both good for bitcoin.
Being stupid is good for bitcoin too, probably.
