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Bitcoin is too energy intensive, slow, and the fees are crazy. It served a good purpose for educating the market, but I think a second-mover might end up taking

by jpmoyn 9y ago

Bitcoin is too energy intensive, slow, and the fees are crazy. It served a good purpose for educating the market, but I think a second-mover might end up taking over The only truly 0 fee, virtually instant cryptocurrency i have encountered so far is raiblocks. It only achieves this by using block-lattice, not blockchain. The whitepaper is pretty interesting.

nwah1 9y ago
There is no such thing as a free lunch.
- jpmoyn 9y ago
  I never said there was such thing as a free lunch, I just said that the only crypto currency I have encountered with no fees on transactions is raiblocks
- TeMPOraL 9y ago
  No, but there is such a thing as morally repugnant dish you should abstain from, no matter the price. For instance, one that promises to waste unbounded amounts of energy just to make some anti-authoritarians and some scammers rich.
  - keymone 9y ago
    energy spent is proportional to the amount of security people need in their transaction platform.
    - TeMPOraL 9y ago
      Security does not scale linearly; blockchains are way in the "diminishing returns" territory of real-life security.
lawlessone 9y ago
what magical machine does raiblocks run on that doesn't consume energy?
rspeer 9y ago
Stop pumping on HN.