altcoins \ stacker news ~bitcoin

232 sats \ 19 comments \ @Voldemort 4 Mar bitcoin

I know altcoins have a negative narrative on SN, but I wonder why that is the case.

As a currency, I agree that altcoins are exceptionally unlikely to replace btc.

However, I view altcoins as a way to invest in projects that have value.

Take Flare, for example. It is building infrastructure that might make BTC more valuable. In theory, flare facilitating smart contracts could increase BTCs use cases making it even more dominant.

So when I buy some FLR, it is not because I think FLR is an alternative to BTC, it is because I think it has a lot of potential value.

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11 sats \ 0 replies \ @satoshiplanet 4 Mar

117 sats \ 0 replies \ @cascdr 4 Mar

This is fundamentally what altcoiners don't understand: If Flare is providing so much value why can't they just earn bitcoin in exchange for their services?

If Jerome Powell can't wear the one ring without corrupting what makes you think the Il Duce of the FLR project can?

1 sat \ 0 replies \ @carlosfandango 4 Mar

Ok. Good luck.

0 sats \ 0 replies \ @Cowboy 4 Mar

0 sats \ 12 replies \ @fm 4 Mar

I view altcoins as a way to invest in projects that have value

fell free to elaborate..

blockchain can have value.. voting for instance.. altcoins?? not so sure..

what do you mean?

0 sats \ 8 replies \ @cascdr 4 Mar

Bitcoin can and has already validated elections

Tokens are not only not needed but inviting fraud.

0 sats \ 7 replies \ @fm 4 Mar

awful.. bitcoin is sound money. fuck ordinals fuck voting using bitcoin on-chain.. Havent seen the video yet though..

Nothing worng with having tokens for shit like when i put gas in my car and BP gives me 500 points.. its the same.. tokens for that are just what they are.. Not sound money

0 sats \ 6 replies \ @cascdr 4 Mar

If, at the outset you could demand that they just give you sats back instead of making up a shitcoin, wouldn't you?

Same situation applies.

Create value, give value in the form of bitcoin or GFY. Everything else is a shitcoin.

0 sats \ 5 replies \ @fm 4 Mar

Loyalty can’t be bought with sats. Defeats the purpose. What you suggest is a cashback. Not loyalty program.

Im not agains blockchain as tool.

Im against shitcoins as money..

If you own a company im not telling you how to run it.. Feel free to create value as you want.. Or not

0 sats \ 4 replies \ @cascdr 4 Mar

Blockchains are just expensive shitty databases that only add value when you need to verify every little thing like the world reserve currency.

For everything else there's shared DBs which have been around for 2+ decades. Any other assertion to the contrary is someone pumping their bags.

Bitcoin not blockchain.

If you own a company im not telling you how to run it.. Feel free to create value as you want.. Or not

All is well and good if you're not committing fraud. Few and far between. It's sad and it's predatory what shitcoiners do. That is why people here and elsewhere are vehemently against "crypto". Find something productive and generative to do with your life.

0 sats \ 3 replies \ @fm 4 Mar

Find something productive and generative to do with your life.

I lost you here

0 sats \ 2 replies \ @cascdr 4 Mar

elaborate.

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0 sats \ 2 replies \ @Voldemort OP 4 Mar

A super simple one for example is hivemapper.

It is a company that is trying to develop a decentralized mapping system to compete with likes of google maps and waze.

Effectively, you earn tokens if you contribute to the maps. Better data/images leads to more tokens. If you want to use the maps you use tokens to get access to them.

In theory, it provides more real time images than something like google streetview and should have better maps as well. The project might ultimately fail, but I think it is an interesting idea.

0 sats \ 0 replies \ @cascdr 4 Mar

why not use lightning?

Why introduce a less secure, more ponzi prone token if your mission and product are so important?

0 sats \ 0 replies \ @fm 4 Mar

see what you mean there..

as an utility token, migth serve a purpose.. but no more than helping the maps

0 sats \ 0 replies \ @SaToSHiWoMaN 4 Mar outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.