BTC is trash

Google
KHBv04

Go to company page Google

KHBv04
Jan 24, 2021 77 Comments

Prove me wrong.

Double spend.
Expensive.
Slow.
Stagnant.

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 TOP 77 Comments
  • Google / Eng
    CMS_Flash

    Go to company page Google Eng

    PRE
    Tencent
    BIO
    AI Resident at Google Seattle.
     CMS_Flash
    No double spend.
    Divisible.
    Not meant for transactions.
    Reliable store of value.
    Jan 24, 2021 22
    • Houzz
      ‘-‘

      Go to company page Houzz

      ‘-‘
      Thats true. BTC doesnt really have real competition (other than ETH itself). If EIP 1559 succeeds Eth might become a nice store of value too.

      Eth has just passed its ATH, this could mean its following BTC tracks to a 2x.

      Also, IIRC Eth almost surpassed Btc on total market cap a few years ago. So that might actually happen one day
      Jan 25, 2021
    • SAP / Product
      π

      Go to company page SAP Product

       π
      And Transportable + limited supply known
      Jan 28, 2021
  • Move
    dddddee

    Go to company page Move

    BIO
    G
     dddddee
    Double spend never happened so what are you talking about?
    Jan 24, 2021 2
  • Houzz
    ‘-‘

    Go to company page Houzz

    ‘-‘
    -“Double spend” didn’t happen
    -“Expensive” doesn’t make sense, the market decides its price
    -“Slow” Its a store of value, does not need to be fast
    -“Stagnant” thats kinda true
    Jan 24, 2021 4
    • Google
      Android2

      Go to company page Google

      Android2
      @nb yes. Explain to me why we would want a monetary system that central banks cannot inflate or deflate. Currency manipulation is a valuable tool of central banks.

      Bitcoin *is* inflationary and deflationary depending on your trade deficits or surpluses. If your country has no btc then btc is scarce and people will compete for it. This is deflation.

      The fact that I have never once heard a crypto shill even mention these arguments is why I think you're all full of shit. You larp like you are a macro genius but you can't even answer questions from an undergraduate level macro course.
      Mar 28, 2021
    • It is total larping. Everybody feels real smart at the blackjack table while they're winning, too, until the dealer starts pulling 7 card 21's. As someone who values privacy there's another level of insanity to consider as a cash replacement; it logs every transaction. And someone else brought up that we're reliant on the encryption not being broken, which the tech publicly exists to do in a future iteration; how much closer are they at the nation-state level? And finally, it's already more prone to manipulation by big buyers and sellers than anything else. It's going to be ugly when the next crash happens.
      Apr 3, 2021
  • Oracle
    Cabv76

    Go to company page Oracle

    Cabv76
    I am happy people still don’t get it 😂
    Jan 26, 2021 2
  • Guys not super into crypto, but from what I know it seems btc have 1 major flaw. It's encryption is not future proof! This compounds with the fact that it is decentralized, which means that there won't be a concenses to upgrade the encryption formula. Which means when that time comes, the community will very likely to fork out multiple branches of different btc... Which will hurt it's reputation.

    So what happens then?
    Jan 24, 2021 5
    • Google
      crypto.eth

      Go to company page Google

      crypto.eth
      They have developed quantum resistant encryption.
      Feb 19, 2021
    • If sha-256 encryption is vulnerable, so are all popular systems like SSL, SSH, TLS, Unix/Linux boxes. Essentially most of the entire internet will be vulnerable.
      BTC consensus to address this will be reached faster than people addressing all these other systems.
      Apr 1, 2021