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Author Topic: Do you know why there won´t be any flippening?  (Read 203 times)
serjent05
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May 25, 2020, 03:54:01 PM
 #21

I believe that one day people realize, how bad is current financial system, that it is owned by elite and no altcoin will solve this problem, only Bitcoin.  Wink

Somehow I think it is early to say that only Bitcoin will solve the current financial problem.  I like Bitcoin but Bitcoin itself had been struggling to solve its own problem and that is the confirmation time.  Unless this problem is solved, I think Bitcoin will never be a solution nor solve the current financial problem.  Who knows, maybe one day, with the collaboration of developers, the current financial system will be greatly improved by a newly developed altcoin. You know everything has a possibility to happen.

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r32godzilla (OP)
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May 25, 2020, 04:00:38 PM
 #22

Because Bitcoin doesn´t have a creator, it wasn´t created for a profit and this you have to realize when you invest into altcoins.
Bitcoin has a creator and that's the name Satoshi Nakamoto which is a pseudonym. We don't know if it's a particular one person or a group of people that worked to make bitcoin. But they have an aim and that's to make bitcoin a getaway from centralization.

For example, do you think that Facebook is going to create better world with its Libra? No, they see only profit and will do everything to maximize the profit.

I believe that one day people realize, how bad is current financial system, that it is owned by elite and no altcoin will solve this problem, only Bitcoin.  Wink
We do agree with this.  Cheesy
It doesn´t have a one centralized creator, I mean, it is something like a world, it was created but we do not know who is the real creator, if god or it was really created by many sequence of coincidences.  Wink
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May 25, 2020, 04:38:23 PM
 #23

That is the reason why bitcoin has been touted as the only crypto that is fully decentralized. Many of the crypto especially the utility tokens are not decentralized and can still be much in control by the developers. For instance, a token based on ethereum blockchain can still be control by the dev that might decide to rendered it useless by changing smart contract address or by locking it.
r32godzilla (OP)
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May 28, 2020, 11:16:10 AM
 #24

That is the reason why bitcoin has been touted as the only crypto that is fully decentralized. Many of the crypto especially the utility tokens are not decentralized and can still be much in control by the developers. For instance, a token based on ethereum blockchain can still be control by the dev that might decide to rendered it useless by changing smart contract address or by locking it.
The worst thing what could happen to your ERC-20 tokens is a token swap. They announce it on Telegram and after few weeks there is no possibility to swap them.. This happened to me with these coins GricCoin or Swace.
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May 29, 2020, 07:08:04 PM
 #25

I believe that one day people realize, how bad is current financial system, that it is owned by elite and no altcoin will solve this problem, only Bitcoin.  Wink

Somehow I think it is early to say that only Bitcoin will solve the current financial problem.  I like Bitcoin but Bitcoin itself had been struggling to solve its own problem and that is the confirmation time.  Unless this problem is solved, I think Bitcoin will never be a solution nor solve the current financial problem.  Who knows, maybe one day, with the collaboration of developers, the current financial system will be greatly improved by a newly developed altcoin. You know everything has a possibility to happen.
Confirmation times are only an issue for transactions that require to be confirmed in a matter of seconds, for every other transaction bitcoin is way faster than many other options that you could take, the developers are working on the lightning network to solve this issue and things are looking good but it is not as widespread as it could be and it will take some time to iron out all the issues, but eventually we will get to the point in which a bitcoin transaction will be confirmed in seconds instead of minutes.
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