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Whether or not Mike might profit from Bitcoin failing (in favor of the alternate cryptocurrencies he works with), the picture he paints is one of inherent insta
by btown 11y ago
Whether or not Mike might profit from Bitcoin failing (in favor of the alternate cryptocurrencies he works with), the picture he paints is one of inherent instability, mismanagement, and censorship, and it seems like a solid argument. I'm skeptical of where his money comes from, and I don't think he's unbiased enough that I would short BTC just on this article alone. But I'm certainly less bullish on its future than I was.
- zongitsrinzler 11y agoWhich alternate cryptocurrencies is he working with?
- btown 11y agoSee link in the GP: "The use cases they are looking at and requirements they have cannot be met with the Bitcoin protocol, it just doesn't have the things they need. They are actually spending a lot more time looking at Ethereum than Bitcoin, as it's more obvious how to apply it to their use cases."
- zongitsrinzler 11y agoThanks!