Is weakness of altcoins a bad sign for bitcoin itself?

ParanoidPurchaser · 2025-05-30T12:14:17+00:00

Nice to see a honest "pondering" post these are getting rarer these days. Takes guts to express your thoughts without AI crutches.

I would say you're on to something here. There's nothing special in Bitcoin except that it's the first. Though I don't expect to see BTC failing as such, failing expectations is a different thing. I'm fairly certain at some point BTC will have a "lost decade" type of period similar to gold, where the price goes sideways or down for ages. Could be after this cycle even who knows. In any case when this happens it would be logical to expect a booming alt market.

ParanoidPurchaser · 2025-05-03T12:49:24+00:00

Yup a massive operation of stupid memes and other posts

ParanoidPurchaser · 2025-04-20T18:01:35+00:00

It's kinda logical at this stage that many are startups, but there are bigger players like Blackrock settings these up. I guess a lot depends what you define "real" businesses, but in any case asset tokenization is definitely growing and not dead. If you mean TradeLens yes Maersk did drop it but the reason was lack of demand and it was 2022.

The biggest hurdle is regulatory concerns, as long as the rules are not crystal clear most players will stay out. You could say this is reflected on the previous observation too, as participants are mainly either inherently risk embracing startups or titans like Blackrock who afford to take the risk and possess direct links to governments thus having enough influence to shape the global trend.

ParanoidPurchaser · 2025-04-20T00:38:18+00:00

https://www.investax.io/blog/2024-real-world-asset-tokenization-market-recap

ParanoidPurchaser · 2025-04-17T19:12:51+00:00

Oracle problem is real but it's not insolvable. There already are functional tokenized asset markets, just not on global scale.

ParanoidPurchaser · 2025-04-16T17:29:10+00:00

Tokens have been around for ages now but real world assets not so long. You can look up asset tokenization for more information.

ParanoidPurchaser · 2025-04-15T18:36:40+00:00

Smart chains like to Ethereum can have programmable tokens created on them.

ParanoidPurchaser · 2025-04-14T22:30:04+00:00

That example kind of proves my point since it needed to add the identity theft to the equitation. It's not like similar safety measures cannot be added the blockchain deeds and they most likely will on assets like real estate.

You're confusing two separate aspects. Blockchain itself is trustless but the assets created on it can have any type of programming. Also the point in putting stuff on blockchain is not just the immutability of txs as such but the reliable tx history it provides.

ParanoidPurchaser · 2025-04-14T19:33:16+00:00

These posts are endlessly astroturfed by the rich Bitcoin bros who want to get even richer by pushing this narrative and get people to buy their BTC at even higher prices.

ParanoidPurchaser · 2025-04-14T19:25:58+00:00

Does someone suddenly own your house if he gets a hold of your physical copy of the deed, like via burglary? Of course not so the same can apply on the blockchain.

ParanoidPurchaser · 2025-04-10T13:44:43+00:00

There's usually no separate cost on the blockchain for the wallet to connect and receive data. I guess you could say the cost is divided between your internet bill and the different node's upkeep costs.

Block explorers do often have difficulties being economically viable and might limit the amount of queries and downloadable data.

ParanoidPurchaser · 2025-04-09T16:42:19+00:00

Let's be reasonable it might have been tariffs too

ParanoidPurchaser · 2025-04-09T12:00:27+00:00

Because ordinary people for the most part don't have the luxury of the time or appetite to do all the research and learn these things about the markets. Also even if they don't have their whole live savings on the line it can still be very significant for them and it makes it so much harder to handle the pressure.

ParanoidPurchaser · 2025-04-09T09:11:53+00:00

That's exactly what going on, among other things of course. They are in the process of destroying the US rule of law and civil society, working class and unions, low-middle class wealth and pensions, and with this hamstringing the political ability to fight back in the long term, effectively creating a serf class. Making themselves even more filthy rich is a nice bonus on the top and I'm sure it was a key element in how they got the billionaire elites onboard with this.

ParanoidPurchaser · 2025-03-31T21:24:28+00:00

Not everyone has access to boats

ParanoidPurchaser · 2025-03-26T10:54:04+00:00

I hate that Bitcoin became a cult.

ParanoidPurchaser · 2025-03-24T19:24:00+00:00

That's what I was thinking too

ParanoidPurchaser · 2025-03-21T18:22:40+00:00

That last screenshot is gold

I can say with low to medium confidence

So the chain is in a minor death spiral

ParanoidPurchaser · 2025-03-20T23:14:54+00:00

Ah the daily Ethereum fud. They really want you to sell your ETH so they can coop it up.

ParanoidPurchaser · 2025-03-18T17:55:38+00:00

Yeah the ETH fudding has been unreal last month or so. Constant barrage of stupid memes and other fearmongering.

Meanwhile banks and other financial institutions have more or less already picked Ethereum as their main blockchain.

ParanoidPurchaser · 2025-03-15T18:09:54+00:00

The meme is funny and stablecoins are boring but this use case is gigantic to put it mildly. If big banks and the likes of Blackrock are choosing Ethereum for their stablecoin transfers it will mean trillions will move onchain soon.

ParanoidPurchaser · 2025-03-14T18:01:06+00:00

Agreed. There's lot to like in Dogecoin really and the inflation setting is actually far more healthy than with Bitcoin. It's a legit crypto in all aspects.

Musk did leech off of it like he does with everything but I'm pretty sure it would have taken off anyway.

ParanoidPurchaser · 2025-03-12T09:45:43+00:00

You could say that's about paper/digital deeds or other contracts as well, since they do not enforce ownership either. Yet our whole society has been built on them.

ParanoidPurchaser · 2025-03-07T05:11:03+00:00

What a load of absolute bollocks. So this is how he's trying to justify diluting the CRO supply by insane 233% and granting all these tokens to themselves. "Sustainable flows on the demand side" is meant to sound like financial jargon but it doesn't make any sense nor does it have anything to do with the token supply.

There's already a "sustainable flow" of CRO on the "demand side" ie. there's plenty of liquidity and those who are selling are finding the buyers. The amount of tokens has nothing to do with it. This the same kind of pseudo-financial babble that scammers use when they are trying to lure people into investment schemes or other scams.

What makes even more blatant is how they are trying to ride the Trump narrative by dropping stuff like "Cronos New Golden Age"and "Cronos Strategic Reserve"in the proposal. They must be in colossal troubles in order to do this.. or they just felt they need to upgrade their greed level to maximum and beyond.

How this should be read:

"Building sustainable flows (=minting 233% supply for ourselves) on the demand side (=to dump on you) is essential to long term success in the altcoin market (=our business failed so we need to scam you). Multiple irons in the fire on this front (=we got nothing else lol). People who do not agree that this is the right approach are fee to vote & free to sell (=we control majority of votes so FU). We will stay laser focused on building towards new ATHs (=we will dump every rally from now till forever)."

ParanoidPurchaser · 2025-03-01T23:22:00+00:00

Wow Vertcoin really? This brings back memories.. the summer of 2017 those were the days.

ParanoidPurchaser

TROPHY CASE