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> there are solutions thousands of times more efficient for all of the problems Bitcoin tries to solve. No there aren't. Just because you don't agree with the
by jstanley 9y ago
> there are solutions thousands of times more efficient for all of the problems Bitcoin tries to solve.
No there aren't. Just because you don't agree with the validity of some of the problems bitcoin tries to solve doesn't mean it's not trying to solve them.
I don't actually know what you have in mind, but if you name some of the more efficient alternatives to bitcoin, I'll tell you which problems they're failing to solve.
- arcticfox 9y agoWhat property does Bitcoin have that doesn't have a more efficient solution? Between proof-of-stake solutions and the traditional financial system, as far as I know Bitcoin doesn't solve anything more efficiently, from transaction processing rate to distributed consensus.
- kang 9y agoProof-of-stake has many problems like nothing-at-stake problem etc.
- Retric 9y agoAlt coins that don't waste as much energy solve all the same problems. Bitcoin the first of a new breed, but that just means it's unlikely for the first implementation to win.
- kang 9y ago> if you name some of the more efficient alternatives to bitcoin, I'll tell you which problems they're failing to solve. This. Nothing except prof-of-work generates inherent value. All those other proof-ofs are flawed.