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RE: HODL was BAD for the TULIP MANIA
You want a full list of the ways BTC is different from tulips?
- supply infinite versus finite
- rot after a couple years storage versus ability to store indefinitely
- impossible to transport over distance versus transport around the world in seconds in digital format
- highest priced tulips were the "extreme rarities" versus every BTC is identical
and 20 more differences.
BTC has higher than VISA Tx fees. Transaction times can even take days while Dash (and PIVX) offer 1.3 second transactions for almost 1/100th the cost. BTC has ZERO governance while many coins have built in governance structure. BTC community is toxic, full of censorship and doesn't even stick to its promises. BTC has no privacy functions. SegWit can compromise security and has done little to solve the scaling issue. Year 2017 had negative BTC merchant adoption which had NEVER occurred in any popular crypto.
BTC has no solid future roadmap. It has no Ease of use features such as user names. All these problems have already been solved by other coins and anything BTC can do, Alt can do better.
I'll repeat the last part. Anything BTC can do, Alt can do better + Most of the problems have BTC have been solved by better coins. Swarming around inferior tech IS A MANIA. Fanboys/girls of BTC are nothing but Luddites.
I see your concern and a lot of the people in the comments here who think alt coins will gain more adoption make great points. I was talking to a buddy of mine the other day and he, as a bitcoin fanboy, was also getting worried about the potential of the altcoin takeover. His only glimmer of hope is in side chains.
I don't fully understand the mechanics behind it, but he suggest that bitcoin may 'win', so to speak, because all of the novelty and efficiency that altcoins give us can be implemented in a bitcoin sidechain. The essential idea is that you can use bitcoin or any other side coin to make a transaction on a blockchain other than your own. In other words, exchange Bitcoin for Sidecoin without the need for another party to trade with.
That said bitcoin hasn't been updated in.... 2 years now?
https://gendal.me/2014/10/26/a-simple-explanation-of-bitcoin-sidechains/
Great comment. Thanks for the response.
Quoting The Revenant - Movie: When there is a storm, and you stand in front of a tree, if you look at it's branches, you swear it will fall, But if you watch the trunk, you will see it's stability.
If it's not on the protocol level, It's BS (more like patchwork but then there is my philosophy of the good,the great and the trash) I've been repeatedly calling BTC a steam engine that can't do shit.
https://steemit.com/bitcoin/@modprobe/i-looked-into-segwit-and-here-s-what-i-saw
Above is a very informative post that received many upvotes. Please read it. SegWit won't do anything significant for scaling. Lightning networks are not a protocol level developments.
Dash was created for the sake of governance, privacy and mass adoption and PIVX went don't fix it if isn't broke path. Dash has perfect governance. Bitcoin had years of conflicts and still couldn't properly solve scaling problem. There are 1MB,2MB,8MB block groups while Dash solved the entire issue in matter of hours and already on the way to 400MB blocks. That is efficiency and competence which is why I love Dash (and PIVX copied it so.... love them too.)
BTC has unpaid nodes while Dash pays the masternodes which is a model copied by so many other coins. BTC is simply a terrible long term investment. Dash isn't the only coin I'm a fan of. I love NEM, NEO, Factom,Bytom and many more.
Side chains makes everything more vulnerable, unstable and even emulate bureaucracy. The most important point is that there is simply better tech with better developers and uncensored communities. There is ZERO value in taking part in BTC. That's why I mentioned Luddites. They need steam engines with tons of upgrades instead of bullet trains.
If you need to succeed;You need to be loyal with your friends and promiscuous with your tech and investments.
It doesn't matter. Why? Tulips and Bitcoins are both sentiment based. I'm not saying Bitcoin or cryptos will disappear, they will just evolve and perhaps that evolution can mean that Quantum Computers can decimate current technologies. Who knows exactly? Nobody!
However, those invested in a new mania always say it's different this time. I read a book that said: "Make this year different by making it the same". How true for Manias.