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>Fortunately it looks like it is just bitcoin by itself. Yes, my comment is mainly about BTC, although its many flaws are hardly unique so the same criticism w
by Laforet 9y ago
>Fortunately it looks like it is just bitcoin by itself.
Yes, my comment is mainly about BTC, although its many flaws are hardly unique so the same criticism will inevitably apply elsewhere.
>When its network got full it lost its innovative edge as it took over two years to upgrade. In the meantime more fully featured competitors have focused on specific use cases.
I think we are actually in agreement here. Bitcoin was innovative and exciting for a while but has gradually become stale and boring without good leadership. And the competition is catching up fast.
>An upgraded bitcoin may have irreparably lost some of its network effect advantage, and thats okay. It will have robust scripting for the next wave of ICOs and other organizations, decreasing the point of most altcoins. The top 10 may have differentiating qualities and markets already. Play it by ear, it isn't controversial to notice.
Good point, but I don't see it happening anytime soon. For starters, malleability was identified as a problem as early as 2011 and it took six years to be fixed. Other proposed additions are either minor tweaks (Schnorr signature, MAST) or vaporware (Lightening network anyone?).