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Re:SEC asked Coinbase to halt trading for everything except ... by tirpen on Monday July 31, 2023 @03:20AM (#36939654)
That's a wild take. Can you explain why not?
Re:SEC asked Coinbase to halt trading for everything except ... by DANmode on Monday July 31, 2023 @03:57AM (#36939855)
Because they're having too much fun with the crowd bashing basically everything else in the space to realize that the "one true Scotsman" was in the room waiting the entire time.
Re:SEC asked Coinbase to halt trading for everything except ... by Nursie on Monday July 31, 2023 @04:28AM (#36940052)
This is a common bitcoin meme now, mostly to try to disassociate bitcoin from the negative associations that the term cryptocurrency has accrued over the last few years. It allows bitcoin fans to say things like "Yes, I agree, cryptocurrency is a scam!" and follow that quickly with "But have you heard about Bitcoin?"

It is, of course, nonsense. BTC effectively defines the term cryptocurrency, there is nothing about BTC which isn't found elsewhere in other cryptocurrencies, many of which are chain or code forks of BTC anyway. It's the biggest name, it was the first mover, but the claims that it is a separate phenomenon all of its own are relatively recent (or have increased markedly in recent months) and are IMHO hilarious.

Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Monday July 31, 2023 @11:54PM (#36952083)
I wish there was a similar feature in HN as the one I get with https://twitter.com/RemindMe_OfThis
Re:SEC asked Coinbase to halt trading for everything except ... by Nursie on Tuesday August 01, 2023 @01:30AM (#36952688)
I'm not sure why that would be of interest in this situation TBH, we're talking about the definition of a word, not a prediction of something that may or may not happen.
Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Tuesday August 01, 2023 @05:53AM (#36954199)
My point is that 10 years down the line I'm sure you could come back to this and understand why you were so wrong. (If you want to save some years of cluelessness, maybe read this https://news.ycombinator.com/item?id=36952101 )
Re:SEC asked Coinbase to halt trading for everything except ... by Nursie on Tuesday August 01, 2023 @08:51AM (#36955319)
And my point is that the definition of cryptocurrency is effectively "Bitcoin and its many offspring, clones and imitators".

That's not something that you need to wait to know about. That's what the word means.

It doesn't matter if you think bitcoin is amazing, and will take over the world, and is basically the currency of the gods. It doesn't even matter if your pipedreams about it destroying fiat currency come 100% true. Bitcoin falls within the category "cryptocurrency", and the attempt by yourself and other BTC fans to paint it as a separate phenomena is fucking ridiculous to observe.

If you truly believe that the first cryptocurrency is not a cryptocurrency, you might want to examine what has happened to your cognitive faculties. I'm not even saying that to be mean, you've stretched something beyond breaking point with the mental gymnastics there.

You've even said it in the post you linked to!

> And the only way to do that is via 1 single cryptocurrency: the very first, the only one

From your own fingers!

Seriously, this is embarrassing.

Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Tuesday August 01, 2023 @10:46PM (#36966387)
Because plural of the word cryptocurrency is a contradiction. You start to get it, son.
Re:SEC asked Coinbase to halt trading for everything except ... by Nursie on Wednesday August 02, 2023 @12:56AM (#36967110)
You contradicted yourself in your own comment that you linked to as backup for your argument. You described bitcoin as a cryptocurrency and then you told other people it wasn't. You're not self-consistent, let alone making any sense to others. Seek help.
Re:SEC asked Coinbase to halt trading for everything except ... by siwatanejo on Wednesday August 02, 2023 @10:27PM (#36980650)
Ok true, maybe I don't explain it very well; this guy does better than me: https://www.onceinaspecies.com/p/the-crypto-catch-22-why-bit...
Re:SEC asked Coinbase to halt trading for everything except ... by optimalsolver on Monday July 31, 2023 @06:00AM (#36940512)
Because no true ScotsCoin.