When I first joined, BTC was about $2000 and STEEM $1. Everyone in the circles I encountered on various chats took it for granted that alts like STEEM had a much more likely large upside than Bitcoin. After all, one was $2000, and the other $1!
Also, shit arguments like STEEM being more scalable and had more "utility" was also thrown around. Lmao.
This line of thought will likely never end. However, a lesson should be that simplicity in terms of value proposition is important. Bitcoin is a hedge against traditional finance. 7 words and you've said everything people need to hear. Ethereum is drives an ecosystem of decentralized applications. That's 8, and people usually don't need to know or hear more. Less is more, and the less details people need in order to get 1. What it does, 2. Why it solves a problem, and 3. Why people will want to continuously buy more tokens over time to do 1. and solve 2.
People will continue to buy Bitcoin as long as it is a hedge against traditional finance and a cornerstone store of value in the crypto space. And as long as people keep on buying while it is also deflating, then one will not be too late.
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It was not shit arguments, everyone believed that steem would launch SMT thus making steem better than ethereum... We thought that a Disqus-like plugin would be created and we would be on all the sites in the world ... We thought there would be a revolution so big that small businesses around the world would launch their own tokens and sell the tokens as stocks.
There will be 4 years and no SMT, maybe it is because we are too disorganized or we lack leadership...
Hey King. I'm interested in hearing about these old school discussions. Where is a good place to contact you?
Hive is tokenized upvotes. That's 5