31 sats \ 7 replies \ @Michelson_Morley OP 26 Oct 2023 \ parent \ on: Bitcoin maximalists: Do you believe that competition leads to quality? bitcoin
I read it (impressive how many languages you speak), but it is a guide for those who "want to become a bitcoin maximalist"? Why would anyone want that, unless they want to be accepted into some cool social circle, like how jihadists want to become devout.
I followed your link to Don’t do shitcoining, it's a sin., but that lead to sources that are too many for me to go through. I looked at one of them, Gigi's "Why shitcoins are a waste of your time." but he makes false assumptions about several of his points. All money competes for liquidity? This is nonsense. If you want 10 Kg gold for your product, but I only have 10000 Kg of silver to give you, does that mean I'm undermining "the liquidity of gold" somehow?
In your article you also state
This is what I'm getting at in this post. Bitcoin is not perfect. I understand you mean "try to understand why bitcoin is superior to the financial system you are used to, instead of trying to adapt bitcoin to it". Is that true? I think that would be reasonable advice. Advocating for Not Improving Bitcoin, that's advocating for destroying bitcoin.
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Thanks for the attempt anyway! If you think of anything more i'd love to hear it.
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I never debate with shitcoiners. Is totally useless and wasting time.
More sats for me.
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Indeed, I will give you sats for "debating" with me. I'm actually trying to understand you, not disprove you.
Again, by not debating / engaging with shitcoiners and fools like me, you are left learning nothing but what you already believe you know. I am often wrong. Engaging with those I believe to be idiots (or, just wrong) is not useless, it is the only way I become less wrong.
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It's almost like it's impossible to tell apart DarthCoin from someone with no arguments whatsoever 🤔
You know what they say. If it quacks like a duck...
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I know you don't talk to "shitcoiners" (people that may expose your lack of knowledge, authority as a "bitcoiner", and reputaton), and I do not expect a reply. But I'm writing this because I was wrong, in the part of my post where I said "this is nonsense".
I asked a friend of mine to explain liquidity, I asked him if my sentence "This is nonsense" was actually true. It isn't. My example with gold and silver, for instance: If I have a huge amount of silver and use it to buy all the gold in town, which I then hoard forever, then I've destroyed the liquidity of gold. In this way, my example can be an example of money competing for liquidity.
So I was not correct in regarding it as gibberish. If e.g. litecoin becomes more liquid than bitcoin, then it is easier to trade. If more transactions are made with litecoin (as was the case briefly in june of this year), that means it might be adopted instead of bitcoin, giving it even more liquidity.
My position is that litecoin is a better version of bitcoin, so I don't care (i just want strong crypto, so we can make the world a better place).
But if you believe that bitcoin is better, and even if you believe that every coin is worse than bitcoin, you are not dishonest here. You want crypto adoption. That's fair.
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