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Why bother attempting to patch on layers on top of BTC when it's already centralized with ASIC farms? Start fresh. Early adopters of BTC are trying to con new
by cryptodogemoon 9y ago
Why bother attempting to patch on layers on top of BTC when it's already centralized with ASIC farms?
Start fresh.
Early adopters of BTC are trying to con new users into buying coins produced for minimal capital/computational work. The flaw in BTC is inherent to the malicious minting algorithm designed to harm new users.
There's other cryptocurrencies who are far out pacing the BTC core team.
- ordinaryradical 9y agoWhich currencies do you see as addressing these problems in a technically proven way?
- oscilloscope 9y agoVertcoin is the probably the most Bitcoin-like one that addresses the mining centralization issue.
- 0xf8 9y agoEthereum (which definitely has its own fair share of issues) recently hit its all time high in daily transactions, which incidentally is more transactions than all other existing decentralized blockchains put together--a set containing Bitcoin.
- mentos 9y agoHa because then that would devalue bitcoin and everyone's dream of selling to a greater fool would collapse!
- QML 9y agoI agree: we need a faster settlement layer independent of how much the currency itself is worth; but let’s say we have have that network? How do taxes work? Everytime you transfer or pay for anything? That’s not going to work.