Bitcoin Forum

     When I catch glimpses into what is going on in the crypto world, it really seems like bitcoin advocates are still generally the smartest people.
 
   Ethereum seems to have so many issues, and a lot of its hype seems to be that Vitalik Buterin is a genius, all these brilliant developers are working in it, etc.

     But there seems to be a lot of emperors new clothes stuff going on. There seem to be major and repeated issues. When I look at the bitcoin whitepaper, it's pure concepts- no marketing hype, no gimmicks trying to make it look like the next big thing.

      A lot of these altcoins seem to be trying to capture the power of bitcoin and get rich off of adding some gimmicks that promise the unwitting that it is better than bitcoin.

   Why is solidity or ethereum better than bitcoin? Can't a basic permissioned client run contracts embedded in metadata on the bitcoin blockchain?

    When I read posts on here, my impression is that the best minds are still behind bitcoin. And my impression is that the greediest minds that are trying to act like the best minds are behind most of the altcoins. Whenever people challenge this, the discussion never gets too technical.

    What sold me on bitcoin was the conjunction of the economic and the technical. Basically all altcoins seem to focus on problems that are simply not as problematic as those that bitcoin strove to solve. All the altcoins seem to be focusing on technical aspects, but none revolutionizes the economic picture the way bitcoin did.

   Feel free to prove me wrong.

   

You can't really quantify how smart a person is, though, unless you use rough metrics like IQ tests. This is largely subjective. I would say there are smart people who are against Bitcoin, and there are smart people who are for Bitcoin.


I agree. It's because Bitcoin is a pioneer, and I don't think anyone even Satoshi predicted it would be used the way it is used today. It was simply meant for transactions with no reliance on trust. Satoshi wanted to change the world, and he did.


I think it's a little unfair to expect altcoins to revolutionize the economic landscape the way Bitcoin did. Bitcoin already revolutionized it. Altcoins, which are basically created in the same vein, can't do much more in this aspect. Instead they're trying to improve in ways they believe Bitcoin falls short.

I'm just going off the rough feel of people's knowledge and acuity based on posts on here, no standardized quantified measures. There are problems with standardized tests anyway.

     I mean that Satoshi was focused on challeging problems with the world economy, and so many of the newer generation are focused on business or technology. I  believe it is still possible to use blockchains to disrupt the global economy, but it is necessary to build incentives in to disrupt particular structures.

I agree. I think a majority of the world probably sees it that way considering Bitcoin is the highest price coin. I don't think all these altcoins are worthless though. I believe that they push Bitcoin to be greater. It is weird though how people are like "Etherium will over take Bitcoin" and "Bitcoin Cash is soooooo good. The price is dropping like crazy, because people are realizing it is garbage, but OMG it is soooo fast and decentralized. It out-decentralizes Bitcoin."

I think some of these people get off on themselves with going-against-the-grain-feel-good emotion. So much to the point that they've convinced themselves it is a good investment decision.

Okay, Ethereum they may be able to make an argument. BCH is just a joke though.

I'm with you too. Bitcoin is supported by the people of crypto that know about the technology. The creator of Ethereum probably is a genius and they probably have brilliant people working behind it too.


Hey, I heard dogecoin has great potential.  ::)  :D :D :D

I don't know whether I am one of the smartest people or not but I will keep supporting bitcoin rather than any other alts controlled by a small group of people like ethereum foundation holding large stakes of ETH. There are several ICOs raising funds with big promises without any working prototype and real life solution and most of them will keep postponding dates for updates written in their initial whitepaper because they will spend majority of those funds from ICO for their own entertainment and go for vacation.

On the other hand bitcoin don't have any foundation or group of people controlling all developments but as bitcoin dev/user community is quite big there is lots of debate which make it hard to implement even a small changes like increasing block size, adding possibility to have smart contract over bitcoin chain etc.

Well as you have said, they are smart people. So supporting bitcoin is wise than supporting alts.
Well, I have no doubt. Expert users and supporters would probably know what will be the best way to invest, and how do things work here.
Of course those geniuses will have to explain to other users in a simple way and terms for us to understand.
I do hope that these supporters will continue and will not get tired of sharing thoughts and trends to us.

Many people still supporting bitcoin...it is obuse in its price...it people not not supporting bicoin i think bitcoin is no longer exist...so still bitcoin is a good source of income for us

If you look and compare the different teams behind Bitcoin and other Alt coins, then you will realize that the smartest people are still contributing to Bitcoin developments. <Bitcoin Core> Some of these Alt coins bring no new innovation and are merely a Copy&Paste job from the original Bitcoin model.

SegWit and the Lightning Network looks pretty solid, but Bitcoin Cash and other forks looks rushed and unorganized. ^hmmm^

   Yeah, this confirms my suspicion. There seems to be a lot of good minds behind ethereum, but also a lot of very greedy people who don't care much about the 'greater good' as Satoshi and many bitcoin devs seem to.

I got that impression, too, in some communities (particular those around Larimer, and obviously the typical "2.0 sh!tcoins" where a nice website is more important than a solid concept). However, I wouldn't generalize that.


Yep, some - probably most - altcoins do not look like they're wanting to revolutionize or "disrupt" the economy - at least not more than the 99 million startups that want to tell you they're the next Facebook. Of the top 20 altcoins, at least 15 are heavily centralized and operating more like a company than like a "decentralized economy", like Bitcoin wants to be one.

However, there are "hard problems" (energy use, privacy, scalability) that are holding back the whole crypto economy. If one of them was solved (or the situation significantly improved) by one of the altcoin projects without sacrificing security, this could benefit the "decentralized" projects even more - because the concepts could be implemented in other coins, even in Bitcoin - and the disruptive, "decentralized economy" could get a heavy boost. That's why I am supporting both Bitcoin and some altcoins.

In every topic there's a pro and anti. And each group there's a smart people that fight for their decision why side he or she joined. Its many advantage and dis advantage why bitcoin is have to debate. Its not you only who support the bitcoin nor the smartest people. All of us here are support bitcoin because we know its good benefit. And i think that sooner the anti bitcoin give an information why they against in the bitcoin

I'm a dumb person and I support Bitcoin.  ;D Does that help?

It doesn't really. All good projects have good people backing them up, I can't think of a coin and say, Man, those people are really dumb.

I saw this support yesterday at Bitstamp, watching small correction there.
Big sharks and funds managers was selling BTC at wholesake quantity.
When price gone to around $5200 - 5300, big buy orders came suddenly supporting Bitcoin.
That was real support in "real reality". :)

You know what they say, "Self Praise is ...."

Not that I do not support Bitcoin but I don't like your condescending tone.

Though the definition is subjective, there is a difference in being a Patron and being Smart.

  I'm not trying to be condescending or praise myself. Rather I'm saying I may not be smart enough to be able to actually understand the technologies underlying this stuff thoroughly, but I just gauge by the discussion surrounding a project and the arguments of the people supporting it.

  If I see a lot of people focused on making money, making lots of spelling and grammatical errors, or making unsubstantiated claims I am generally skeptical.

  It's not a foolproof method, it's just I noticed when I got into bitcoin the value of a cryptocurrency is its community, and bitcoin seems to have the best community quantitatively and qualitatively still.

   It's not only intelligence but also commitment. We used to always tali about the "weak hands" people who dump when there's aa crash. And they were generally the same people who were lacking in understanding of the tech. It was the guys who understood the potential who held and helped bitcoin to survive.

Its certainly not a full proof method as most of people making those grammatical mistakes are not the ones with English as their first language.
I agree that the people who give into FUD are usually the ones who do not understand the underlying principal/tech and value then again many smart traders sell as well to book profits and reinvest when the prices go down.
All in all we're all in the same ship in this crypto journey .. We need the FUDders and the HODLers..  
  

The smartest people all support bitcoin. by smart I mean money smart. They are smart about handling and creating money. for them bitcoin is comparable to gold and silver. You can buy now for a price then sell it later if the price goes up and hold on to it if the price goes down. It is the basic principle of investing. Buying bitcoin is basically investing. You can invest short term or long term. The smartest people will not buy expensive phones or cars or gadgets they will buy bitcoin because they know if they buy gadgets their money's worth will go down.

Even the people are not that smart they are still supporting bitcoin because they believed in bitcoin and they are wise enough to not let bitcoin stay away from them because if they will continue to support bitcoin and keep collecting and earning bitcoin then they are not wasting any time because it will surely give them a lot of money in the future.

Its just that the reputation of bitcoin is above what every cryptocurrency can offer right now. Woth every other cryptocurrency that has come up one thing is for certain that bitcoin has always been here and that it has its highs and lows but it has always been reliable.

I just agree with you.  There are no issues that I heard with bitcoin ever since I joined the community and using it.  The only issue that makes me worried are those rumours that bitcoin is fraud and the banning of China.  The fork and the halving issues but none as to the technical aspect of bitcoin.  Bitcoin is really an amazing program or invention or whatever we call it.  It was intricately programmed that is why there are no issues with it.  They cannot beat bitcoin in terms of how usable and established it is.

Yeah, true. I think most people just doing like another.

What does it mean to be a smart person?

Bill Gates was probably one but still, remember what he said about computer memory?
Satoshi himself when he designed bitcoin he never thought about mining pools or asics.

Both were smart but they failed at predicting the future as those two are different things.
Roubini predicted the financial crash and was cheered as an expert only to fail miserably since then in every damn way possible.

And there is also the possibility that bitcoin might not be that good for your business and the model of your business is not adaptable to crypto, so while you are smart on realizing this and the threat BTC is common sense you can't support it.
There would also be something to talk about the average iq of some posters here, but ... whatever.

The price of bitcoin has not been increased without support of someone. It is the people consecutive involvement due to which bitcoin price is increasing continuously and it is not only me supporting bitcoin many of my brothers like and promote bitcoin in the market. Students, youngsters’ even women are supporting bitcoin and investing in it for their bright future.

I'm just going off the rough feel of people's knowledge and acuity based on posts on here, no standardized quantified measures. There are problems with standardized tests anyway. I think some of these people get off on themselves with going-against-the-grain-feel-good emotion. So much to the point that they've convinced themselves it is a good investment decision.On the other hand bitcoin don't have any foundation or group of people controlling all developments but as bitcoin dev/user community is quite big there is lots of debate which make it hard to implement even a small changes like increasing block size, adding possibility to have smart contract over bitcoin chain etc.

absolutely spot on. thats what needed to take bitcoin or crypto currency to take to the next level.
may be we are on the way of doing it right.

It is not only mw but the smartest support the bitcoin. Because they knew the real bitcoin. I guess the people support bitcoins e we are wise enough coz in the future they will earn a lot of moneh

Crypto already run by almost 10 years base on history in forum so of course this is non stop because users,traders and investors support this digital currency,a lot of job are open by crypto,a lot of extra income and a lot of conveniece in everything in life so i'm sure all of us have benifits here even just a little still it's run by so many conveniece that crypto can brings.

I think they support the blockchain technology more then bitcoin in itself , because bitcoin as a currency is getting harder and harder at this point . Most people see it as an investment rather than a currency.

You are right.Only bitcoin has succeeded in revolutionizing the world economy.Smartest people still support bitcoin and the greedy hunters just jump from bitcoin to altcoins and from altcoins to bitcoin vice versa.They actually don't believe in bitcoin or altcoin.But the smart people just stay with bitcoin admiring its achievements and potential without concerning about its price fluctuations.