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19) And I guess it begs a question-- who do we owe our duty to, as a community? Is it to the holders of existing coins? Is it to the users of our future technology? Is it to to builders, or funders, or visionaries, or believers?

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I don't think you heard what @michael_saylor said, and he caught up in the last year alone. Basically people don't want money with a few insiders/coders making econ policy changes, monetary policy whims, security failures, they just want it to not break, to be dependable.

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70% premine is an issue also. And again the security failures. Scalability failures, and dodgy tradeoffs to paper over them. And not standing for anything, just keeps pivoting to colorful overhyped experiments which is fine, but you know there is MMT, QE infinity and fiat too.

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I'm not sure that you heard what I said. In part that was my point -- that the key advantage of BTC is that it's not a moving target.

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Bro we love you but how are you only seeing this 3 years in

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It’s just weird. It was obvious from the start that this is what bitcoin excels at. You set the rules and you know the rules don’t change. The end From that point of view, from people who were in it for these properties for a decade now, anything else in “crypto” is silly

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“Why are you removing the features we care about and add short term crap?” the answer is clear: You can’t compete with bitcoin as a hard money because it already won. So everyone else who wants to play has to do other things The people you call “maxis” however aren’t interested

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So you might say “but you could make more money trading these other things!” aka “have fun staying poor” Which is arguably true but you can also make money trading TSLA sometimes, or Nikola for that matter, and if you do, great, but shaming people for not trading Nikola is 🤷‍♂️

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Makes sense that some people are interested in that. Makes sense that others aren’t. The fact is that most of the people in the world think that owning ETH is a joke. Even more so for other coins. Calling those who aren’t interested in this game “maxis” is really odd

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It was intended as a way to legitimize a 70% premined ICO which started from a big negative assumption "don't be maximalist". Response "OK ICO promoter"

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hm so to be clear here (which wasn't at all clear from the thread) I'm not personally trying to take a specifically ETH-centric side here (vs other chains)

6:37 PM · Sep 22, 2020Twitter Web App