>>5247> > hmm acktually bitcoin bad because they don't gib me the gibs. Bi-talik gave me the gibs, therefore ethereum gud. Ethereum gud because I get gibs. Bitcoin bad because satoshi no gibs,> You're obviously not very technical and your criticisms of a technology has nothing to do with the tech itself. Therefore opinions on this will be dismissedAre we just /biz/ retards now? I thought sofiechan would be a place where we discuss with or frontal cortices.
First of all, bitcoin's 21 million hardcap has real technical as well as economical incentivization problems. If you are going to resort to name-calling and assume that the person you are replying to has no technical knowledge (which you have no evidence to suppose to), then simply: "you need to go back (to /biz/)".
Btc's 21 million hardcap puts its miner incentivization in dire straits. In the near future, btc's block subsidy will go down sub 1-btc per block levels. If we are to keep btc network miners expending energy to protect the btc blockchain, then, the transaction fees have to increase. But the historical data doesn't show any inclination to that ever happening. Nobody is going to pay 50 bucks in transaction fees for a 10 bucks payment transaction. And, we aren't seeing institutions with deep pockets picking up the tx-fee tab, either. There simply is no price pressure for the tx fees to increase.
This is a bad look for btc.
Another thing with btc that looks bad is that it offers absolutely zero financial privacy to its users, by default transaction settings. In btc, every transaction is transparent and anybody can read the payer address, the payee address and the amount in btc that changed hands. Add in to this raw data the intelligence many crypto currency exchanges bring in, in terms of Know Your Customer information, PLUS, consider the rise of blockchain analytics surveillance tech, you have damn near the same thing as "WEF capitalism", the thing you say you want to avoid, wherein the government/non-government, centralized financial organisations, and other power brokers simply detect your wallet, your spending, and put a "blacklist" on it, or seize your wallet at the first chance (see "Canadian truckers getting their btc tracked, traced and seized during covid lockdown protests).
In the backdrop of that, I would bring up Monero (XMR) as a counter-positioning crypto currency to btc. Monero cryptographically protects the payer, payee and the money amount in the transaction by encrypting these information, and making them unavailable to the onlookers. Also, Monero has a small tail emission, mirroring pretty much that of gold's own, that offers to keep the miners on Monero network constantly incentivized to keep mining.
Monero is much more "based" of a tool for the cause, than btc.
> >the 21 million thing is likely to break> again, we already established that your opinions on the actual tech should be dismissed.The only thing we've established so far is that you are a smoothbrained shill. No idea nor conceptualization belonging to your own self, inside the thick skull of yours.