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"Altcoins" Outperforming BTC

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Written by   68
1 month ago
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And just like that, the dominance of BTC in the market ends.

The only reason for BTC dominance can grow again above 50% is some kind of split in its community that will lead to a new forked coin and further divide the BTC community.

Why I claim this now it important. Bitcoin Core devs are scared of hard forks, since the opportunities for better developed projects is something not enjoyable by the bosses at blockstream.

Although it will only take a heavily advertised fork of the BTC blockchain to induce enough speculation that will help BTC rise into higher grounds of dominance.


No Fork - No Dominance

Without a fork, there is no interest. Musk and Jack are not those that inspire confidence anymore.

Of course any kind of dominance that will raise just for speculation will be met with a huge dump right after the fork-block will be mined.

2017 had two or three forks that helped the BTC price significantly and then dropped fast only to recover until the latest massive pump.

But for the time being there are no plans for a BTC fork.

There are plans for Ethereum, although, I've read nothing about a new Ethereum Classic forming. But I don't understand why would miners not proceed with a PoW Ethereum. Ethereum Classic has had its problems, so many attacks in the past and very little developments on that blockchain. And yet it is still on the top of the market indexes and even a Grayscale product.

Bitcoin probably will not see any chain split, but is it the same for Ethereum? Some miners had plans and there will be a very lowered reward soon.


BTC is ending

I am not going to say BTC is dead, beacuse it won't just die like that, the chain will keep running since there is an industry.

BTC is not Bitcoin though. It is now something different a centralized custodial version of what it was. And soon it will be meaningless.

I feel bad for those that did not see what was going on during the blocksize debate and did not support Bitcoin for payments and commerce.

And based on lies over loss of decentralization did not upgrade Bitcoin.

And now look at you BTC maximalists. You became what you despised. You are supporting custodial centralized censorable and mutable networks running on top of BTC to scale.

This is the end for BTC, for Bitcoin Core and for any Maximalist.


But look, there is still hope!

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Bitcoin is alive. Not in BTC this is done for, this is the Lightning Network, the Liquid and other secondary networks.

Bitcoin lives in the 2017 fork, Bitcoin is Bitcoin Cash.

Even in the case you did not notice and you wanted a Bitcoin to be used in commerce, this is Bitcoin Cash.

And it will welcome everyone back to Bitcoin.

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Written by   68
1 month ago
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Comments

That's really beautiful article i really appreciate the images you captured was so beautiful.

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1 month ago

Thanks. They are free images from unslpash. Have no links because it gives the image directly when I selected from the menu.

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1 month ago