mleku on Nostr: while i'm talking about #EmbraceExtendExtinguish #EEE just to point out that ...
while i'm talking about #EmbraceExtendExtinguish #EEE just to point out that shitcoins are exactly this, they follow the pattern, using old technology rebranded as new technology (mainly Practical Byzantine Fault Tolerance) to try and "extend" bitcoin's technology to include full programmability and thus "extinguish" its place in the market
that's why it's not working tho... it's too simple a technology and got a full 5 years FMA versus the EEEers at Consensys/JPMorgan who funded Ethereum - up until that point, it was mainly bitcoin forks, and then when the "smart" contract chains and "proof of stake" chains got started - notably one of their operatives was Dan Larimer, who created Bitshares and Steem and then EOS, they have all been trying to somehow extinguish a technology they don't actually understand
nakamoto consensus cannot be beaten, and there can only be one, one way or another, all mining compute aggregates towards a single PoW system, which is #bitcoin
you can also call #EEE an "affinity scam" in as far as you are trying to squeeze VCs and retail for their idiotic hope to ride the next big pump to a bigger bank balance
#nostr is an approach that is working, i think, because of the proliferation of different kinds of applications that is taking place... most people are still primarily interacting on the kind 1 twitter clones, but as the DM and group messaging clients get better, and other uses like #Alexandria and other routes that continue to evade centralization we may just keep our freedom for good out here
the same way that bitcoin continues to be the main store of value and what every scammer is trying to accumulate, and every miner is trying to mint
that's why it's not working tho... it's too simple a technology and got a full 5 years FMA versus the EEEers at Consensys/JPMorgan who funded Ethereum - up until that point, it was mainly bitcoin forks, and then when the "smart" contract chains and "proof of stake" chains got started - notably one of their operatives was Dan Larimer, who created Bitshares and Steem and then EOS, they have all been trying to somehow extinguish a technology they don't actually understand
nakamoto consensus cannot be beaten, and there can only be one, one way or another, all mining compute aggregates towards a single PoW system, which is #bitcoin
you can also call #EEE an "affinity scam" in as far as you are trying to squeeze VCs and retail for their idiotic hope to ride the next big pump to a bigger bank balance
#nostr is an approach that is working, i think, because of the proliferation of different kinds of applications that is taking place... most people are still primarily interacting on the kind 1 twitter clones, but as the DM and group messaging clients get better, and other uses like #Alexandria and other routes that continue to evade centralization we may just keep our freedom for good out here
the same way that bitcoin continues to be the main store of value and what every scammer is trying to accumulate, and every miner is trying to mint