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I don't think any of these bitcoin forks are particularly helpful to the entire cryptocurrency ecosystem. Additionally, the cult of bitcoin and the various sub

by zaarn 9y ago

I don't think any of these bitcoin forks are particularly helpful to the entire cryptocurrency ecosystem. Additionally, the cult of bitcoin and the various sub-cults make it hard to actually be interested in bitcoin as a technology without being forced to invest ideologically by thousands of fanboys claiming all other sub-cults to be evil. Personally, I've moved my assets into other cryptocoins and I hope I can weather the storm of bitcoin's inevitable and eventual collapse there. Hopefully.

Rmilb 9y ago
What do you see as the core value bitcoin provides? Outside of wild speculation?
- zaarn 9y ago
  It's main value lies in a mostly irreversible ledger of transactions, which in my opinion, has the potential to disrupt atleast some parts of global economics (online shops maybe). For international transfers, bitcoin is ahead of the current banking system (though banks are catching up in terms of fees and speed... or is bitcoin getting worse?) On the other hand, bitcoin is also an interesting exercise in distributed consensus (though blockchain/PoW consensus is largely overhyped) Other cryptocoins have improved on all these concepts or plan to develop them. Bitcoin might be remembered in the same way modern computer scientists remember the Turing Machine or the Zuse Z1.