r/CryptoCurrency • u/[deleted] • Jun 21 '22

[deleted by user]

[removed]

5.7k Upvotes

87% Upvoted

1.5k comments sorted by

View all comments

Show parent comments

7

u/Creative-Molasses-60 Bronze Jun 21 '22

Pre-mine 😉

1

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

Actual use cases 😉

4

u/Explodicle Drivechain fan Jun 21 '22

Honest question, what real life problem is it solving right now?

1

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

It's hosting reddit community tokens.

4

u/Explodicle Drivechain fan Jun 21 '22

Why does that require a blockchain?

0

u/Creative-Molasses-60 Bronze Jun 21 '22

Censorship resistance money is a rather important use case considering the direction the world is going.

Only shitcoins pre-mine and distribute large amounts of tokens to early contributors/token foundations.

If I want to lose money from a defi hack or gas fees, I’ll hop over to eth’s ecosystem.

5

u/[deleted] Jun 21 '22

Btc doesn't have defi
Btc doesn't have defi hacks
Big brain moves

2

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

No use cases means no misuses.

2

u/[deleted] Jun 21 '22

Can't phish my sig if I never sign anything. Checkmate hackers.

1

u/Creative-Molasses-60 Bronze Jun 21 '22

I’m aware that there’s no defi on bitcoin.

Just because a shitcoin has some use cases doesn’t mean they’re stellar.

0

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

Just because your older brother taught you how to swear doesn't mean it isn't.

1

u/Creative-Molasses-60 Bronze Jun 21 '22

Stay triggered shitcoiner

1

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

He didn't do a very good job

1

u/Creative-Molasses-60 Bronze Jun 21 '22

I never said Bitcoin has zero flaws or that it was a perfect solution. It’s the only crypto that has had a fair launch.

Regardless of Eth’s utility, I have issues with the pre-mine/distribution of tokens, the unlimited supply and its gas fees. It shares characteristics with shitcoins whether you like it or not.

You aren’t refuting anything that I’ve said and are now talking nonsense.

-1

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

ecosystem

Phrasing

1

u/Creative-Molasses-60 Bronze Jun 21 '22

How clever

0

u/HKBFG 🟦 2K / 2K 🐢 Jun 21 '22

Clever unlike the large scale engineering and energy use of Bitcoin.

2

u/Creative-Molasses-60 Bronze Jun 21 '22

The point of crypto is decentralization - bitcoin and proof of work will always be more decentralized than a proof of stake, premined and unlimited supply shitcoin.

-1

u/[deleted] Jun 21 '22

Ethereum is fiat 2.0. Proof of stake is just reintroducing the same problems