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"death spiral of the blockchain" or death spiral of Bitcoin? There's an army of alt coins waiting to take its place. A lot of them are garbage, most are OK, but
by wmeredith 9y ago
"death spiral of the blockchain" or death spiral of Bitcoin? There's an army of alt coins waiting to take its place. A lot of them are garbage, most are OK, but a handful of them are brilliant.
Bitcoin was the proof of concept and it was very successful in that light, but as a consumer product it is quite flawed. The survivors of the current bubble will be the ones that change the world. I'm not sure Bitcoin will be among them.
- etr-strike 9y agoAll coins built upon PoW suffer the same scaling issues as bitcoin. Since Bitcoin is the most popular, it hit the limitations first. Second layer technologies such as Lightning Network and Rootstock do solve various problematic use cases. Bitcoin is the most widely held cryptocurrency and is the only cryptocurrency with second layer technologies being rolled out into production as we speak.
- jcomis 9y agowhich do you consider brilliant?