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Maximalism has always confused me, there are many incredible things being built, why would you only want to enjoy one of them?
@andalfthegreat maybe not a new bitcoin but certainly can be a complementary asset with distinct tradeoffs.
@zayn4pf the whole point of this conversation is likening z cash to the early days of bitcoin.
The funny thing about this tweet is that it’s the people who joined crypto most recently that are adamant that it’s nothing like the early days of bitcoin. Bitcoin, and its perception is so vastly different today to 2013/14 it’s difficult to comprehend what it was like.
zcash is starting to feel exactly like the early days of bitcoin. some of the smartest ppl contributing to the project. some of the biggest midwits on the other side. bugs and existential threats. vomit-inducing price volatility. but also insanely asymmetric upside if it catches
@zayn4pf I think you need to go back and read what satoshi actually said lol, you are projecting what is consensus today on something that was not remotely the same back then.
@zayn4pf all the smartest people in eth have left though so you cant say taht
@zayn4pf I cannot really think of any examples that are similar outside of maybe ethereum (which is in an entirely different category) where teams nine years later are still building cutting edge applications despite their token being at close to zero for a decade.
Again, you are making arguments based on what is consensus in today’s world, not the word of 10 years ago. Generally I think you are giving far too much weight to what people who are mostly traders on Twitter say. They are not remotely relevant for anything longer than maybe a few day pump or retrace.
@zayn4pf You are arguing that bitcoins is not “like” z cash in terms of design which of course is true. I am arguing that bitcoin was “like” ZEC now in terms of reputation and who is involved in working with it.
The point I’m making is that bitcoins value proposition back then was literally not being a store of value. I I’m not sure who you are following lol but overwhelming majority of discussion I’m seeing is about the technical discourse. Twitter just promotes engagement farming so of course you’ll see more tweets about price and sub stuff.
I don’t think you understand how non-consensus bitcoin was a decade ago. It was globally seen as either a Ponzi scheme, a scam, private money, drug money, illegal etc, people were overwhelmingly certain it would be shut down or banned. Yet at the same time some of the smartest people (who have mostly all entirely left crypto or are not well known now, or bigger outside of CT) were attracted to it. Not exactly the same but the “feel” of it is similar to that.
@zayn4pf I don’t understand what you are saying at all tbh
@zayn4pf I don’t really understand what you’re saying here, “early days of Bitcoin” doesn’t mean the exact chronological date since both have launched.
Overwhelming majority of people who’d heard of bitcoin a decade ago were positive it was private and untraceable. Criminal money. That it would be shut down by governments or hacked. That it was digital cash not a store of value etc.
@MetamateDaz @QwQiao What price was bitcoin 10 years after it launched
@_jhunsaker Possibly the worst pizza ever created
Bakbar cooked the worst pizza the world has ever seen and the coins have been down only since
If you can extend your time horizons out for a couple more years it feels fairly obvious to me that Crypto will return in a pretty huge way
What is short term bearish for crypto (AI being able to hack everything) is actually a long term bullish outcome. Pre AI, human written code was frequently exploited When you have crypto code written and checked by increasingly sophisticated AI models everything gets hardened
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