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SAL
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Comments by "SAL" (@SAL-fs1mr) on "Raoul Pal discusses the phases of the recession and why he's betting on bitcoin" video.
Be careful of the comments here. A lot are from scammers and people trying to dump altcoins on you. Bitcoin has won being the reserve crypto asset, and the altcoin pumpers are extremely salty about it.
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Price goes to the moon.
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Only 45 billion XRP is circulating. That means the Ripple company still has to dump 55 billion in the coming years. Not smart to hold xrp, especially when it is fully reliant on the ripple company to function properly. For context, Ripple's XRP system is still tiny - bitcoin is 25x bigger than xrp.
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Ridiculous. Bitcoin alone accounts for roughly 2/3rds of the entire crypto market - that's what the crypto leader looks like. Tezos on the otherhand is not even in the top 10 cryptos. You should go do research.
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It's not worth talking about the loser projects.
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Cash App
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any reasonable person should be able to figure out that bsv is a joke/worthless/scammy.
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@alanross2876 bsv is completely centered around a fraud named Craig Wright who falsely claims he is satoshi. He tried to claim he was satoshi in 2016 by producing a fraudulent digital signature, but it was quickly debunked as literally anyone could have produced that signature. Craig Wright's goal is to try to get courts to force bsv miners to move the satoshi coins on BSV (which is why Craig's cronies hate the slogan "code is law"). There are 2 kinds of people who are involved in BSV, people who mislead and people who are easily mislead.
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@alanross2876 no, there are definitely more changes in BSV than simply a blocksize increase, all contributing to lack of protocol immutability. And plenty of altcoins offer cheap and fast payments, it's a road to zero as all the different altcoins outcompete on these trivial features.
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@alanross2876 first of all, it wasn't just one block size increase, there were several hardfork changes to do several blocksize increases. Then there were also the hardfork changes to manipulate the mining difficulty adjustment algorithm, altering the algorithm in the original bitcoin code. The ease and frequency of doing these fundamental protocol changes in BSV indicates that the 21 million coin limit can be easily lifted as well.
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@alanross2876 It's just the culture within BSV - Many BSV fans have a simplistic mindset of "If Craig Wright says to modify BSV this way or that way, we'll do it! He is Satoshi after all!". This means there is a clear central point of failure in BSV. In BTC, there is no trusted authority figure, upgrades are always optional to opt into and are backwards compatible.
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@alanross2876 Yes. If you don't vote (or upgrade rather) according to the hardfork upgrade approved by craig, you are no longer on the BSV network. In Bitcoin, upgrades are softforks, so you remain in consensus even if you didn't want to vote/upgrade. make sense?
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@alanross2876 maybe my explanation was too technical. In BSV, if you don't vote/upgrade correctly (according to what Craig demands), then you won't be on the network. In Bitcoin, you don't have to vote/upgrade, and you'll still be on the network.
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