I hold crypto. Used to hold a lot more. Was deep in it about a decade ago. The thing crypto bros who evangelize it like it’s some sort of savior never seem to realize is the metric of monetary velocity. Without monetary velocity, your precious coin is dead to the world at large. Even total shitcoins like USD maintain value simply due to their velocity.
Monero is wonderful as a technical achievement. It’s also far too cumbersome & complicated for your local farmer to ever understand & adopt, so it’s completely useless as a real currency for anything other than buying drugs or perhaps paying a coyote to get you out of whatever country you’re in. But here’s the thing- gold still does that last part better.
If you want an out from fiat debt notes, stack precious metals and resources for barter (and lead to protect them). Humans have been using those for millennia and understand those methods for value transaction on a cellular level.
Back when I was a crypto evangelist, I legitimately believed we were living in a post “boomer rock” world, but we never will be.
Yes thats a good title, Hijacking Bitcoin, They tried to hijack Bitcoin and failed and that is a bit sleazy then pretending it was the other side that hijacked Bitcoin.
You need to read
The Blocksize War - Jonathan Bier
It gives you the bigger picture and shows you what really happened.
They had their chance, they forked Bitcoin Cash but it was a technological failure and never really caught on and is fading away.
Anybody who says that Bitcoin Cash is the original Bitcoin has never read the Bitcoin Whitepaper.
A Peer-to-Peer Electronic Cash System * is the original Bitcoin Whitepaper.
It solved the problem of double spending by using TimeStamped Confirmed Transactions.
zero Conf - Zero Confirmation Channels - are a step away from the Original Bitcoin Protocol.
They were not disabled in the original BTC, They were never enabled because the priority was making Bitcoin work securely not in speed.
They became available in the Lightning Development Kit’s June 2022, 107 release
And thats the way it should be, the flexibility to choose speed in transacting with a trusted relative or friend and avoiding the possibility of having the funds completely disappear in an unconfirmed transaction with a stranger by using zero conf.
BCH Is a shadow of BTC
For instance
On May 12, 2024, Bitcoin Cash had about 23,000 active addresses compared to Bitcoin's more than 521,000
There is a tradeoff between Security and Speed.
Bitcoin has always emphasized security.
That is why it used to be slower, not because it was crippled on purpose by bankers.
But it is now the center of a whole ecosystem of projects ingeniously combining its traditional safety with increasing speed which will enable it to take on well established payment processors such as Mastercard and Visa.
Meanwhile Bitcoin Cash can't seem to get it together and has already forked many times such as BitcoinSV and BitcoinABC (now known as ECash,)
Zero conf allows for instant transactions on chain, BTC crippled this function to push BS L2 solutions that set the ecosystem back a decade.
BCH is currently much more useful than BTC it is only a matter of time that people realize what a grift BTC is. Lightening is a useless joke, mastercard owns BTC it's not going anywhere, wake up.
Bitcoin has been hijacked by the criminal bankers.
The real bitcoin is Bitcoin Cash (BCH), but even better than this is Monero because it is much faster and 100% private.
If you want to know how they took down bitcoin read this book.
https://www.hijackingbitcoin.com/
I hold crypto. Used to hold a lot more. Was deep in it about a decade ago. The thing crypto bros who evangelize it like it’s some sort of savior never seem to realize is the metric of monetary velocity. Without monetary velocity, your precious coin is dead to the world at large. Even total shitcoins like USD maintain value simply due to their velocity.
Monero is wonderful as a technical achievement. It’s also far too cumbersome & complicated for your local farmer to ever understand & adopt, so it’s completely useless as a real currency for anything other than buying drugs or perhaps paying a coyote to get you out of whatever country you’re in. But here’s the thing- gold still does that last part better.
If you want an out from fiat debt notes, stack precious metals and resources for barter (and lead to protect them). Humans have been using those for millennia and understand those methods for value transaction on a cellular level.
Back when I was a crypto evangelist, I legitimately believed we were living in a post “boomer rock” world, but we never will be.
Edit: corrected autocorrect
I am all for stacking real assets but crypto is still very useful.
It will take a generation for farmers to catch up but eventually they will accept crypto all day.
Is that the latest cope? BTC was honest and pure until those pesky bankers took it over.
If that were even true then how would that even adovcate for any crypto? It can be "hijacked" so easily that you don't even notice. Gtfo
Bitcoin is code, people control code, people are corruptible.
That is why we use open source method, the code was forked and Bitcoin still lives and is called Bitcoin Cash.
Blockchain is unstoppable, that is why the bankers are crapping their pants about it. You will be using crypto eventually, best to learn it now.
Don't be a banker boot licking cuck.
Yes thats a good title, Hijacking Bitcoin, They tried to hijack Bitcoin and failed and that is a bit sleazy then pretending it was the other side that hijacked Bitcoin.
You need to read The Blocksize War - Jonathan Bier
It gives you the bigger picture and shows you what really happened.
They had their chance, they forked Bitcoin Cash but it was a technological failure and never really caught on and is fading away.
Anybody who says that Bitcoin Cash is the original Bitcoin has never read the Bitcoin Whitepaper.
You are totally lost. BTC was hijacked by bankers and crippled. That is why transactions are slow and expensive.
Bitcoin cash is far superior to BTC. It has instant transactions known as zero conf, this was disabled in BTC making it unusable for instant payments.
The white paper calls for electronic cash not digital gold, Bitcoin cash is much closer to this than BTC. You have been duped
It solved the problem of double spending by using TimeStamped Confirmed Transactions.
zero Conf - Zero Confirmation Channels - are a step away from the Original Bitcoin Protocol.
They were not disabled in the original BTC, They were never enabled because the priority was making Bitcoin work securely not in speed.
They became available in the Lightning Development Kit’s June 2022, 107 release
And thats the way it should be, the flexibility to choose speed in transacting with a trusted relative or friend and avoiding the possibility of having the funds completely disappear in an unconfirmed transaction with a stranger by using zero conf.
BCH Is a shadow of BTC For instance On May 12, 2024, Bitcoin Cash had about 23,000 active addresses compared to Bitcoin's more than 521,000
There is a tradeoff between Security and Speed. Bitcoin has always emphasized security. That is why it used to be slower, not because it was crippled on purpose by bankers.
But it is now the center of a whole ecosystem of projects ingeniously combining its traditional safety with increasing speed which will enable it to take on well established payment processors such as Mastercard and Visa.
Meanwhile Bitcoin Cash can't seem to get it together and has already forked many times such as BitcoinSV and BitcoinABC (now known as ECash,)
Zero conf allows for instant transactions on chain, BTC crippled this function to push BS L2 solutions that set the ecosystem back a decade.
BCH is currently much more useful than BTC it is only a matter of time that people realize what a grift BTC is. Lightening is a useless joke, mastercard owns BTC it's not going anywhere, wake up.