![]() ![]() I'm going to ignore your strawman and ad hominem and reply to your actual arguments. I'm ballsdeep in this space and have been for years. What you're witnessing and failing to understand is the infallible fallibility of the USD in the end of it's lifespan, the debt only gets larger and the value only goes down, making crypto values rise by default, not by demand. ![]() Some of them have a framework that allows them to improve upon it, further cementing them as a healthy long term alternative to the now seemingly archaic design of Bitcoin. this perfectly encapsulates why you have not even read up on some of these "altcoins". you don't even have an interesting take, suitable knowledge, or actual useful information that can be used to speculate future values of crypto currencies, because you fundamentally don't understand how they work.Īnd for some of these currencies, they execute upon the idea their white papers planned for. all of these have nothing to do with why you're interested in Crypto, rather it's purely financial for you, and you're making stupid as fuck assumptions based on retarded information. You realize that the ACTUAL VALUE that cryptocurrencies derive themselves from include but are not limited to, network and hardware resources required, halving rates, likeliness of 51% attacks, usability in high volume, security(and anonymity for some). The term altcoin is synonymous to pennystock/worthless investment and that bitcoin is like facebook to the average fucking moron like you and race car johnny who just uses their smartphone to browse youtube other shit social media. Is Ethereum and it's entire new protocol considered to be part of this as well? What exactly is an "altcoin"? I can never get anyone who doesn't just use buzzwords to describe this topic like they don't know anything about crypto in the first place. And the definition of a "user" is hard to capture due to the anonymous nature of crypto.ĭude how can you still be this into public humiliations, these are fkn retarded notions that aren't even capable of sticking to a single point. The problem of course with using Metcalfe's law for altcoins is that users disappear as fast as they appear, so the Metcalfe value of a network is highly volatile and unstable over time. However, I do have some insight as to how to properly come up with a fair valuation of an altcoin with Metcalfe's law:Ī network is generally worth as much as the number of active users squared. Even the "good" projects are not stores of value and people bidding the coins up to absurd valuations will be burned eventually. ![]() The NFTs, borrowing and lending platforms, and synthetic stocks particularly strike me as innovative technology, but that's all they are at this point. I expect 99% of these altcoin projects will die, but there are some interesting things happening in the space that shouldn't be brushed off. Altcoins are not a store of value, they are just pump and dump assets feeding off of bitcoin's energy.ĩ9% of the companies were trash in the dotcom bubble, but among them were gems like Apple, Microsoft, and Amazon. Posted: Sat 6:01 am Post subject: Altcoins do not share bitcoin's thesis: beware of fools goldīe careful of altcoin bubbles, of course you can make a lot of money trading bubbles, but most people will lose money. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |