"Blockchain is useful, Bitcoin is not" — How do you respond to this?

[BlackHatCoiner]

So why go apoplectic when I suggested that ETH was once almost as valuable as Bitcoin?

I wasn't apologetic. You just stated something that is factually incorrect, and I corrected you.

Maybe ETH will be more valuable than Bitcoin someday, or maybe XRP will, or maybe something that hasn't been invented yet will be.

Maybe. Maybe we return back to the Gold standard. Maybe World War III begins and it renders all assets worthless. Maybe aliens invade the Earth. There are a lot of maybes.

FWIW, after you've seen a few generations of the "next big thing" in technology come and go over the years, you learn to stop using words like "forever". Just saying...

I don't agree that Bitcoin will be the best performing asset forever. It might be the best performing asset in the past decade, and it might be in this decade also, but it will probably stop being the best when it reaches around $20 trillion market cap.

But if you are interested in the outside world--the world that actually affects the price of Bitcoin--you'd do well to understand how people besides yourself think. Just saying...

I know well how the world works, and I'm not in an echo chamber. What I write about Bitcoin I have done thorough research.

[LFC_Bitcoin]

I always ignore people who say this. It’s just rage baiting, these people have no tech expertise and know nothing about blockchain technology or Bitcoin. They are just purposefully being antagonistic and hating. Don’t give these type of people your time of energy. They can all cry when Bitcoin is at $1,000,000.

[X-ray]

We don't need BlackRock and company executives settling transactions on tokenised USD on our chain for it to continue to function.

Let them do what they want.

IBM and a bunch of other megacorps have been trying to develop hyper ledger, a chain without coins, for over a decade now. And still, no product shipped, no utility found. Bitcoin is doing great in the meantime.

Let them try it. Let them fail. Continue doing what works with BTC.

They are trying RGB, Arkade, and others to cater into their stablecoin even going as far as attaching it into the name Bitcoin.

Their previous attempt with no coins chain, ultra centralized blockchain has been all but futile attempt everybody still uses Ethereum and use Bitcoin for investment and self custody.

I wonder why they are so adamant in pushing their stablecoin into places that don't really need them.

[UchihaSarada]

Bitcoin blockchain?  

Did I say something wrong that Bitcoin is a blockchain?

Yep, there were some projects before Bitcoin. eCash, E-Gold, Bit Gold, B-Money, and Hashcash were the older projects.
After Bitcoin was launched, we have many altcoin projects. Until now, there are always new altcoin projects. This may never end in the future.

*Some projects before Bitcoin: https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/

For projects before Bitcoin, I tried to provide link for further reading to Bitcoin prehistory in my post.

After Bitcoin project launched, there are many altcoins as Bitcoin forks were created but they mostly failed or more severely worse, died with time.
How Many Bitcoin Forks Are There? You will be surprised!!!
My list of 43(+3) reviewed Bitcoin forks. There actually much more than 43 Bitcoin forks.

[YellowSwap]

That JP Morgan have deceived so many people, some people gave up because they listed to the advice from these people, they compared themselves and said what did they know compared to JP Morgan? He must know better.

In this life, if you can't do your own diligent research you can live your whole life based on lies, this isn't just about Bitcoin but in everything you are been told, always be willing to give research a try, lies don't last they say, that's a big lie too.

Becareful who you choose to listen to, be willing to find answers, if bitcoin isn't useful for some people it can be useful for you, so find that out first, what will I gain if I invest in Bitcoin? Do I really need bitcoin? This questions are important.

[Satofan44]

Blockchain is indeed very useful. Everyone agrees to that and so there's no debate for it anyway. Bitcoin does have room to improve but not doing that is what people believe in.

False, it is the exact opposite. The benefits that Bitcoin has do not derive from the blockchain itself, but the properties of a decentralized and public permissionless network that only Bitcoin is. Blockchain as a technology has various applications in which it can be used, none of which are actually explored properly in the public blockchains  -- launching scam projects is not a utility -- but it is a very small thing compared to what Bitcoin is. The real utility is Bitcoin, most of the rest is smoke and mirrors. Smart contracts that were supposed to revolutionize the world, meanwhile their best use case is automated launching of scam tokens. 

2. Are ETF buyers adoption or just speculation?

Speculation. They all just want to get rich. They are just betting for bitcoin to grow bigger and it will.

Also false. a large portion of ETF buyers are more likely to be long term investors than 99.9% of the 3rd world pajeets that are just in Bitcoin to pillage and be parasites. Unlike smart and forward thinking people who have established the modern world, 3rd world pajeets do not give a single fuck about Bitcoin.

I always ignore people who say this. It’s just rage baiting, these people have no tech expertise and know nothing about blockchain technology or Bitcoin. They are just purposefully being antagonistic and hating. Don’t give these type of people your time of energy. They can all cry when Bitcoin is at $1,000,000.

Depends, you are right sometimes. However, there are many people who are not doing it to "rage bait" they are just that stupid. This very thread is filled with various answers from other individuals that are pure misinformation. The forum is in a sorry state, and the wider world even more so.

[Akbarkoe]

I always ignore people who say this. It’s just rage baiting, these people have no tech expertise and know nothing about blockchain technology or Bitcoin. They are just purposefully being antagonistic and hating. Don’t give these type of people your time of energy. They can all cry when Bitcoin is at $1,000,000.

But even I think the opposite of all this cuteness, Bitcoin is much more useful than the blockchain itself, because I managed to build a house and buy my vehicle because of bitcoin not because of the blockchains. LOL
Just ignore them, that's the right attitude, arguing with people like that is a waste of time!

[SilverCryptoBullet]

But even I think the opposite of all this cuteness, Bitcoin is much more useful than the blockchain itself, because I managed to build a house and buy my vehicle because of bitcoin not because of the blockchains. LOL
Just ignore them, that's the right attitude, arguing with people like that is a waste of time!

But the Bitcoin (the blockchain) and its decentralization, no censorship make value of bitcoin, so that you can have bitcoin price very high and can be helpful for your selling and taking profit. Without a good blockchain, bitcoin would have no or very lower value than what it has now, so its price must be zero or very low too, and if it is like that, you would have not been able to build a house, buy a vehicle with your profit from Bitcoin investment.

Without foundation from a good blockchain, bitcoin would be very different than it has been accepted and exchanged with expensive price now.