Well clearly it isn't that smart, because BCH is worth 3% of BTC and has about 10% of the volume. Which is exactly what you'd expect to happen if the truck company though it'd be smart letting the train company fund the roads.
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Ⓥin Ⓐrmani Retweeted Ⓥin Ⓐrmani
I'll ask it again: "who is making profit in BCH?" As a profit-seeker in BCH I will tell you that there is no amount of money paid to ABC that is going to speed up my ability to develop new business models and build products that interest investors.https://twitter.com/vinarmani/status/1183019325751382016?s=20 …
Ⓥin Ⓐrmani added,
Ⓥin Ⓐrmani @vinarmaniReplying to @deadalnix @im_uname @cash_gatewayIf you want there to be more people seeking profit in BCH, then actively promote the ideas of the people in BCH who are presenting business models that can help new, profit-seeking entrants generate profit. In my mind, the biggest deficit in BCH is a lack of concern with profit.2 replies 0 retweets 3 likes -
There's a wider problem in crypto where the profits all go to exchanges regardless of coin, and exchanges don't give two fucks.
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That problem is a symptom of the fact that "the exchange" has been the only viable business model in crypto I wrote about this in great detail back in January. That's when I coined the term Non-Custodial Financial Services, to present a new model for BCHhttps://coinivore.com/2019/01/10/profit-seeking-prophecy-for-bitcoin-entrepreneurs/ …
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I don't think this is historically true. This is true now that actual usage have been scaled back by an order of magnitude. Which is what happens when the truck company think it is so very smart letting the train company foot the bill for road maintenance.
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There has never been a profitable "trucking company" on BCH. Not yet. That's my point. Only a profitable trucking company has any incentive to pay for roads.
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Dude, it's not about BCH. Or rather, BCH is what happens to the truck company. There were many profitable bitcoin businesses at the time. They became unprofitable when the usability collapsed.
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At the moment, it IS about BCH, at least it is if you want BCH infrastructure to be funded. I know what happened in the past, but dwelling on that doesn't generate revenue.
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Well think about this. If BCH gets big, your company, and other companies in the space will get big, and you and you will get wealthy. I won't. I'm just telling you how the story end depending on choices made.
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You have the order reversed. BCH won't "get big" without many companies becoming profitable first. This is in the same way that a neighborhood doesn't become vibrant and valuable without many businesses in that area becoming successful first.
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It is those profitable businesses that 100% will support infrastructure, because their continued profitability depends on it. This is why Linux Foundation is well funded. Profit has to come first because the money to fund infrastructure comes from that profit, and nowhere else.
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It's really not my problem if businesses desided to make really stupid decisions, against advise provided, and ended up wasting enough to fund the damn thing for several decades in the process.
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