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Bitcoin is essentially a database / blockchain service. Why would anyone want to use Bitcoin versus any of the newer, faster, more feature advanced alternative
by nosuchthing 9y ago
Bitcoin is essentially a database / blockchain service.
Why would anyone want to use Bitcoin versus any of the newer, faster, more feature advanced alternative crypto coins like Monereo, Litecoin, Ethereum?
- dlwdlw 9y agoSimilar to humans, Bitcoin grows in value according to degree of faith placed in them. It's the same mechanism that gives Trump power and keeps minorities/women out of tech. The two main forces that give Bitcoin more faith power than others are its age and how well known it is. The attack surface is small because of its simplicity. I doubt the smart contract systems will be valuable until they build up a body of vetted (by time) law like Deleware has for startups.
- just_one_time_ 9y agoBecause it is hard to start a currency from scratch and get the whole world to believe in it.