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I agree, Bitcoin being the largest has a lot of issues with governance and the community not being able to move fast on the scaling issues. I'm not too familiar
by asenna 9y ago
I agree, Bitcoin being the largest has a lot of issues with governance and the community not being able to move fast on the scaling issues. I'm not too familiar with the core team's development plans but there's a lot of scaling work and research going on with Ethereum and Litecoin, etc and eventually I'm sure whatever works would flow into Bitcoin as well.
I think having the first-mover advantage and name recognition, the network effect that it has right now and the global media's attention, it looks really difficult for a smaller coin with better tech overtaking BTC anytime soon.
We've all seen technologies that are more advanced than an established player in a field but a lot of times, that does not matter. That's what I believe at least for the short to mid-term timeline.
- ace_of_spades 9y agoYeah, so what can we do to change this? First step, don‘t buy into the hype and advocate against bitcoin at every step. People need to know that bitcoin as a technology is not what we need and will die hopefully sooner rather than later.