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There are plenty of coins already that are technically better than Bitcoin. It's just that Bitcoin has the network effect. So perhaps one day a new coin will o
by 1ba9115454 9y ago
There are plenty of coins already that are technically better than Bitcoin. It's just that Bitcoin has the network effect.
So perhaps one day a new coin will overtake Bitcoin, but my guess is that the coin will need a very distinct advanatge to gain traction.
- hectorlorenzo 9y agoI think that you are right. I think that politics (in a broad term) will play a more important role than technology here. Right now the adoption of bitcoin is widespread, but still quite niche (technological people and investors). I wonder what will drive adoption from the general public. And I wonder whether AGFAM will play any role in it.
- iainmerrick 9y agoThere are plenty of coins already that are technically better than Bitcoin. Is there anything that fixes the wasteful mining process? To me that seems like a serious flaw in Bitcoin.
- kuprel 9y agoIota uses a "tangle" instead of a block chain
- iainmerrick 9y agoSounds interesting! But a quick search sent me to https://iota.org https://iota.org, and oh my gosh, that website is impossible to use. Uninterruptable animations and completely broken scrolling. Oh well. EDIT to add: suddenly I'm reminded of "For the love of God, please tell me what your company does" from the other day (https://news.ycombinator.com/item?id=15170182 https://news.ycombinator.com/item?id=15170182). Probably the incomprehensible website means Iota is aimed at big businesses, not individuals.