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Author Topic: Do you know why there won´t be any flippening?  (Read 235 times)
r32godzilla (OP)
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May 24, 2020, 06:07:03 PM
Merited by hatshepsut93 (1)
 #1

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.

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
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May 24, 2020, 06:15:33 PM
 #2

I agree with you somewhat about bitcoin and the problems it solves plus its pure decentralized model while other alts being run like a company of a typical corporate sector but btc has to improve rapidly and get rid of scalability issues to truly rule this market.

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May 24, 2020, 07:55:51 PM
 #3

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

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May 24, 2020, 08:11:05 PM
 #4

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.
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.
Bitcoin does have a creator but it is not premined by Satoshi to make a profit, the rest of the altcoins in the market are created to benefit the developers and facebook wanted to venture into the new market that could make them benefit in the long run.

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
The financial system is in chaos but none of the crypto will replace them rather it will be an alternative option. In the future we might see major changes in the scaling and then we can talk about bitcoin solving the shortcomings of the banking sector.
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May 24, 2020, 09:07:27 PM
 #5

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.

What OP is essentially saying is that Bitcoin is much more decentralized than alts, it doesn't have a "benevolent dictator" like Ethereum, it isn't owned by a company like XRP, it's not heavily influenced by a single individual like Bcash or BSV - in fact, most Bitcoin users won't be able to name a single Bitcoin developer, and it's okay because it means that they don't interfere with the network, they just write code to make Bitcoin better.
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May 24, 2020, 10:06:53 PM
 #6

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.

What OP is essentially saying is that Bitcoin is much more decentralized than alts, it doesn't have a "benevolent dictator" like Ethereum, it isn't owned by a company like XRP, it's not heavily influenced by a single individual like Bcash or BSV - in fact, most Bitcoin users won't be able to name a single Bitcoin developer, and it's okay because it means that they don't interfere with the network, they just write code to make Bitcoin better.
I understood it literally, my bad. Thank you for that emphasis.

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May 24, 2020, 11:19:38 PM
 #7

actually bitcoin is a pioneer of creation from all the coins that exist today. so there are no other coins that will defeat bicoin, even though someday some alt will beat the technology of bitcoin, we must still respect the technology of bitcoin. because after all bitcoin is a real symbol of crypto technology. although it is still a mystery, who owns idea, from the birth of this big coin ...

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May 25, 2020, 03:51:43 AM
 #8

Bitcoin has a creator and that's the name Satoshi Nakamoto which is a pseudonym.

I think what he meant is that the creator of Bitcoin left in order to established decentralization which the other altcoins doesn't have. I do agree that Libra will only inherit the name "cryptocurrency" but will not be as decentralized as Bitcoin because they would want to maximize profit though. But the thing here is that, will it succeed? since Libra are branded as cryptocurrency, will it help for the adoption of Bitcoin?
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May 25, 2020, 03:56:56 AM
 #9

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.

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

I like the thought but more people will only realize that this bitcoin is just a profit maker. Im sure many of investors are just investing due to the profits that they could make out of it. Altcoins are the same, they are just minted out of box to be tool for profits. See how IEO works, investors left after getting the ATH price of tokens then wait again. Thats life, only few people are really believing on adoption and the sad part is only those early people showed this like the pizza boy.

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May 25, 2020, 07:20:50 AM
 #10

   We, people of the earth, are in the learning process, constant learning process. I believe that Bitcoin opened my
eyes for new things, for new ways of doing things. I am over 40, if someone told me about bitcoin before 2000
I probably wouldn't trust it's possible.
   What I want to say is that we need to learn how to be open minded! To take the best from what we can, and to
improve what we can, constant learning and improving will lead to something even better.



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May 25, 2020, 08:56:36 AM
 #11

Bitcoin has a creator and that's the name Satoshi Nakamoto which is a pseudonym.

I think what he meant is that the creator of Bitcoin left in order to established decentralization which the other altcoins doesn't have. I do agree that Libra will only inherit the name "cryptocurrency" but will not be as decentralized as Bitcoin because they would want to maximize profit though. But the thing here is that, will it succeed? since Libra are branded as cryptocurrency, will it help for the adoption of Bitcoin?
Yes, I understood it correctly then when Hatshepsut corrected me. I guess you haven't seen my gratitude and the reply that I have been thankful that I was corrected and that post was just 2 posts above yours.

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May 25, 2020, 09:07:53 AM
 #12

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.

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

There are some truth on the message of this statement.
Bitcoin was a large experiment, the first open source experiment of this level. The early volunteer were not sure where there little project would lead to and hardly have thought they'd be millionaires in a few years. People trusted bitcoin because it was open, it was decentralized and more importantly it were not made with the intention to make profit.

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May 25, 2020, 10:43:51 AM
 #13

What you are saying could be a good edge for altcoins over bitcoin. Driven by profit is nothing to be frowned upon while not having a leader in the project also makes it harder to push anything. Those two points you see as a bad side but to someone like me, I weight it both for advantages and disadvantages.
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May 25, 2020, 11:05:02 AM
 #14

Right on!
Spot on! or however they call it.  Wink

Controlled by the elite.
Are we still going to be pawns until our last breath and our children will have the same fate.
Give them something to think about and not just be slaves of those rich group.
Bitcoin could be the answer to the financial system. This way they could not create more. The value will adjust itself.
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May 25, 2020, 11:14:01 AM
 #15

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.

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
Hmm, honestly you may be right, Bitcoin is well organized and has better strong community but do you know that altcoins have managed to change the life of many too? Early adopters of some altcoins are now millionaires because they buy the coins cheaper

1. BNB
2. Okex
3. Hex
4. Ethereum
5. Litecoin
6. Omisego

The list goes on pal, why people are here in crypto space is to support the tech and fulfill their dreams too, honestly it works already for many

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May 25, 2020, 02:40:12 PM
 #16

I think the prospect of bitcoin changing the current financial system is too far. Those who benefit from the current system, they are the most powerful people, they will prevent.

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May 25, 2020, 03:14:23 PM
 #17

People focus a lot on making profit from coins rather than using them also because of their usecase. I myself do this too, I buy them for profit purpose. That's what others are doing too and others with huge funds that controls the market.
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May 25, 2020, 03:19:42 PM
 #18

People focus a lot on making profit from coins rather than using them also because of their usecase. I myself do this too, I buy them for profit purpose. That's what others are doing too and others with huge funds that controls the market.
That's a very natural thing, because not all coins can be used in real life and not all coins can be useful in every living environment, so it's very natural that most people only buy coins to make a profit within a certain period of time.
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May 25, 2020, 03:27:43 PM
 #19

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.

What OP is essentially saying is that Bitcoin is much more decentralized than alts, it doesn't have a "benevolent dictator" like Ethereum, it isn't owned by a company like XRP, it's not heavily influenced by a single individual like Bcash or BSV - in fact, most Bitcoin users won't be able to name a single Bitcoin developer, and it's okay because it means that they don't interfere with the network, they just write code to make Bitcoin better.

This is one of the advantages of bitcoin. No one is really controlling it, no one that we know of. Satoshi is the creator but we can't really pinpoint a set of individuals that has the full control of what's gonna happen with bitcoin. Unlike other alts where the fate is in the hands of few, and they can manipulate what's gonna happen in their market. So maybe this is the reason why people are still preferring bitcoin, they know for sure that not a single person can distort its market.
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May 25, 2020, 03:44:12 PM
 #20

What OP is essentially saying is that Bitcoin is much more decentralized than alts, it doesn't have a "benevolent dictator" like Ethereum, it isn't owned by a company like XRP, it's not heavily influenced by a single individual like Bcash or BSV - in fact, most Bitcoin users won't be able to name a single Bitcoin developer, and it's okay because it means that they don't interfere with the network, they just write code to make Bitcoin better.
Not only that, bitcoin enjoys first mover advantage, since bitcoin was the first cryptocurrency ever developed it enjoys a competitive advantage over every other coin in the markets and when you consider that the majority of the coins out there are copies of bitcoin with just slight variations in the code then it is really not surprising that most altcoins find problems getting any traction and even the ones that do are nowhere near as popular as bitcoin.
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