Is Bitcoin the MySpace Of Crypto?

Discussion in 'Crypto Assets' started by patrickrooney, May 29, 2021.

  1. Pekelo

    Pekelo

    #11     May 30, 2021
  2. Pekelo

    Pekelo

    There is a Bitcoin car at the Indy 500. Dogecoin also sponsored a Nascar in 2017...
     
    #12     May 30, 2021
    vanzandt likes this.
  3. johnarb

    johnarb

     
    #13     May 30, 2021
    SunTrader likes this.
  4. Sig

    Sig

    I've thought exactly the same thing. MySpace died for exactly the reasons you listed, it was built on a software framework that couldn't scale as fast as it's user base and the later movers could scale so when MySpace's limitations limitations where revealed they were quickly leapfrogged as everyone move off en mass. Lots of parallels with Bitcoin, the energy use required to validate every transaction is it's fundamental scaling weakness that will ensure it can never take over a substantial portion of world financial transactions, regardless of it's market cap.
     
    #14     May 30, 2021
  5. I believe bitcoin gains will be lesser and lesser. Not saying it will crash to zero but it won't grow as fast. Certain altcoins will replicate bitcoins growth and maybe even overtake it eventually.
     
    #15     May 31, 2021
    Clubber Lang likes this.
  6. I'm sold out of bitcoin completely and bought into Ethereum.
     
    #16     May 31, 2021
  7. johnarb

    johnarb



    [​IMG]
     
    #17     May 31, 2021
    yc47ib and Sprout like this.
  8. Sprout

    Sprout

    Scarce blockspace of the largest layer1 network offering immutable, censorship-resistant settlement finality of a distributed ledger. It’s not just the tech, it’s the community that arose around base principles where BTC derives it’s power.

    BTC exists and that’s all the utility it needs.
     
    #18     May 31, 2021
    johnarb likes this.
  9. vanzandt

    vanzandt

    I had no idea lol. But you are right, here he is.
    I love this little doggy-face.
    Why... I have no idea.:D

    [​IMG]

    Edit... you'd think Dodge would have sponsored them ya know. Go figure though. If anybody could fuck up an opportunity, it would be Chrysler. Junk.
     
    #19     May 31, 2021
    johnarb likes this.
  10. Overnight

    Overnight

    I see what you did there. Clever.
     
    #20     May 31, 2021
    johnarb likes this.