It feels like not even a year ago that we all saw Michael Saylor putting over 420 million USD on bitcoin with the knowledge that it will only go up in value.
Now we have several very new users here and the only consensus among everyone is, “BiTcOiN iS oLd TeChNoLoGy” while taking an attitude that is almost entirely dismissive of the reality that Bitcoin created and represents the cryptocurrency community at large.
The only common message I hear from the collective of users here is, “Bitcoin is old technology. Something will replace it.” Well to respond to that question I have to ask, “Is that **really** what you want?” and I really want you to think about that for a long time. Let’s entertain this for a moment and say “Superiorcoin” will surpass bitcoin‘s market cap.
“Superiorcoin” surpasses bitcoin‘s marketcap. Financial institutions, insurance companies, big tech companies, and the like all stop buying bitcoin. Some of them begin selling bitcoin. But guess what? They don’t buy “Superiorcoin.” instead they buy “Bettercoin” because they think “superiorcoin is too centralized.” and the bank down the street bought Bettercoin last week.
**Is this really the future that you want?** Market chaos and non-unification behind cryptocurrency ideals just because an alt-coin made you 100% profit in one week? All of that would be gone in an instant if your coin were to surpass bitcoin.
I’m not saying all altcoins are worthless, but you need to stop and think about what you are putting your money in to. The level of mania in this sub and neighboring subs recently has been absurd.
**Finally if the enterprise you work at is considering owning bitcoin, you need to know this:** You are browsing the internet using a protocol called TCP/IP and it was invented in 1972. OSI was another protocol released shortly later and was supposed to be “promising” but could not out-perform the network effect of TCP/IP. Hundreds of other protocols followed but did not gain the popularity TCP/IP garnered. Hal Finney, a TCP/IP dev and one of bitcoin‘s early devs said your enterprise would be buying bitcoin eventually.
Smart contracts, multisig mass adoption, and more will be on their way with taproot.