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Title: Relationship between Bitcoin and alts: an analogy from the animal kingdom Post by: nullama on March 29, 2022, 11:58:59 PM While thinking about the relationship between Bitcoin and alts, I remembered that something similar happens in the animal kingdom.
In the sea, there's a type of animal called Remora (https://en.wikipedia.org/wiki/Remora). They have evolved to attach themselves to larger animals. https://i.imgur.com/NIFqoqA.jpg Alts exist because of Bitcoin, and they ride along with it. Some people say that Bitcoin is less relevant now because alts are eating away its market-cap. But an interesting thing was recently discovered: Although it was initially believed that remoras fed off particulate matter from the host's meals, this has been shown to be false; in reality, their diets are composed primarily of host feces. Title: Re: Relationship between Bitcoin and alts: an analogy from the animal kingdom Post by: hatshepsut93 on March 30, 2022, 02:58:20 PM Why do we need any analogies about Bitcoin-altcoin relationship, if everyone clearly understands it? Ofc altcoin bagholders will try to push the narrative that the flippening is imminent, because alts are better than Bitcoin, but I don't see the necessity to try and convince them that Bitcoin is the only coin worth holding. They will pay a heavy price for this lesson when their shitcoins will crash and leave them at a loss. And for beginners it's pretty obvious that Bitcoin is the strongest coin.
Title: Re: Relationship between Bitcoin and alts: an analogy from the animal kingdom Post by: luckyjoe on April 02, 2022, 12:55:02 PM Its kinda a bad analogy or I dont get it.
Basically Altcoins have always been a hedge to get more Bitcoin when you were too late to the party. Even now some projects still could go x100 or x1000 and some actually did even in the last 1-2 years. So if you were not lucky enough to be a whale from buying Bitcoin at $0.01 or ETH at $0.25 just get some KoinOS now or some other cheap project that is like early BTC and ETH, to then secure a part of your wealth by attaching it to Bitcoin. So the whale is just Bitcoin, and everyone attaches themselves to it if they are smart about their choice of coins. Title: Re: Relationship between Bitcoin and alts: an analogy from the animal kingdom Post by: mildmanneredsuffering on April 02, 2022, 08:45:05 PM what is this post from 2014? When all exchanges were btc pairs only, op post had some math function of validity. Anyone with a minimal level of sophistication will use stable coins as the base pair for trade, because fiat can only lose value over time.
Title: Re: Relationship between Bitcoin and alts: an analogy from the animal kingdom Post by: franky1 on April 02, 2022, 08:50:32 PM symbiosis..
the attached smaller symbiote relies on the main body to survive the main body does not need the symbiote. but may benefit or be harmed by the symbiote many altnets pretending to be bitcoin evolved or next layer or next gen bitcoin are just leaches sucking on bitcoin fame |
