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Author Topic: Maximalism mentality. Does it still stands ?  (Read 245 times)
mining1
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May 30, 2017, 02:18:00 PM
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I am curious about what some bitcoin maximalists think;

1. Do you guys still believe the most secure chain by hashrate should be the only one ?
2. Do you  believe the most liquid chain should be the only one ?

I ask these questions because for weeks now ethereum is the most secure by hashrate and the most liquid chain in terms of volume. And most people said, usually bitcoin maximalists, that the most secure chain by hashrate and the most liquid one, aka biggest volume, is the only one that matters.
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BillyBobZorton
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May 30, 2017, 02:36:26 PM
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Ethereum is useless as a store of value because of technical and political reasons:

Technical: Turing complete blockchains are a mess for long term store because of all the possible grey goo unexplored angles that could result in unexpected exploits.

The smart contract DAO mess is just a demonstration of a failed smart contract.

Political: Proof of Vitalik makes it stupid again as a long term investment. Can you imagine if satoshi cried to exchanges to stop all trades to stop panic selling?

ETH has some interesting stuff, but it's a mess and not decentralized. It's just hype from big brands.

I wish I bought ETH back in the day because i would be rich, but my opinion about the fundamentals have not changed.
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May 30, 2017, 03:58:29 PM
 #3

I am curious about what some bitcoin maximalists think;

1. Do you guys still believe the most secure chain by hashrate should be the only one ?
2. Do you  believe the most liquid chain should be the only one ?

I ask these questions because for weeks now ethereum is the most secure by hashrate and the most liquid chain in terms of volume. And most people said, usually bitcoin maximalists, that the most secure chain by hashrate and the most liquid one, aka biggest volume, is the only one that matters.

Nah. Bitcoin is king, and will be king, because of primacy. But a king doesn't exist in a vacuum; I mean there is plenty of space for other coins to exist without infringing on each other. I do think bitcoin can adapt to any function, but sometimes that adaptation is inefficient, compared to the alt coin it is trying to emulate.  Hashrate is meaningless. Liquidity is meaningless. These coin's value are due to utility. Ans that's an ever evolving thing.
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May 30, 2017, 04:00:40 PM
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i have no idea what "bitcoin maximalism" means but what i think is that a cryptocurrency needs to be decentralized and ethereum lacks this.

here is the thing, there are two groups of people drawn to cryptocurrencies.
one are those who are interested in nothing apart from money (fiat) for these none of what anybody ever says matters. they only care about how these things are getting pumped and ethereum is very good at getting pumped.

other group are those that are in crypto for other things. important matters such as decentralization, security that you can be sure the developers don't just roll back again because another DAO happened!, these people care a lot that 70+ million coins is in control of that centralized power. these people don't even get near things such as ethereum.














 

 

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stompix
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May 30, 2017, 05:00:31 PM
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I ask these questions because for weeks now ethereum is the most secure by hashrate and the most liquid chain in terms of volume.

The only drawback is that nobody uses it , nobody gives a damn about it and just like the others 2.0 and 3.0 altcoins it will die a slow and painful and well deserved death.

Then we will have another brand new altcoin that will be the bitcoin killer and the circle (or circus) will run forever.


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