realr0ach
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October 13, 2018, 11:58:35 PM

its just obvious the old dinosaurs can’t keep up with things like BTC etc

I see this phrase constantly used by people who understand bitcoin the least.  You can describe bitcoin in many different ways from being just a flat out scheme; even calling it a primitive video game is accurate, but the fact is it's a completely arbitrary construct with nothing actually fundamentally good or sound about it.  It's all magic numbers in other words that can be here today and gone tomorrow and replaced with something else that has slightly different magic numbers.  That's virtually no different than fiat money, especially when you consider transaction validators are always designed to centralize, rendering them identical in centralized administration and control too.

It has no valid Schelling point like silver and gold.  So instead of Andreas Scamanopolous spamming about how shitcoins are going to "disrupt" everything, it's more likely shitcoins will be disrupted by gold and silver instead because they aren't a completely arbitrary construct.  In terms of money, metals are the fixed point in the universe with everything else being some type of fugazi pretender or scam.