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I think he means there are alternative Cryptos which have block chains and may succeed in bitcoin's place.
by nnfy 9y ago
I think he means there are alternative Cryptos which have block chains and may succeed in bitcoin's place.
- lmm 9y agoFundamentally there's always the same issue though. For the system to work in a trustless way, you need something bitcoin-like to be able to incentivise miners.
- nnfy 9y agoHave a little more faith in the institutions of computer science and cryptography! I'm sure there's a solution, if it becomes a problem. Pow, pos, hybrids, Cryptos are in their infancy, I'm excited to see them supercede fiat currency, if such a thing could happen; long, winding road ahead.