4 ms·

Amusing that the Bitcoin / Bitcoin Cash split is now even deeper with a split in Bitcoin Cash. Just keep on forking until everyone has their own cryptocurrency,

Amusing that the Bitcoin / Bitcoin Cash split is now even deeper with a split in Bitcoin Cash. Just keep on forking until everyone has their own cryptocurrency, I guess. Aside from that, a point nobody seems to bring up is just how unproven most cryptocurrency technology is from a monetary safety standpoint. It's not just about a 51% blockchain attack. In multiple cases of some of the most popular cryptocurrencies, we've seen danger [0] (these are not the only examples). Nobody talks about this though, so while you're worried about centralized banking, consider for a moment the threat of bad actors to the core of your system. [0] https://techcrunch.com/2018/08/09/cryptocurrency-insecurity-iota-bcash-and-too-many-more/ https://techcrunch.com/2018/08/09/cryptocurrency-insecurity-... Of course many fanatics (some of the same people who still treat John McAfee seriously) will blindly "hodl" by the logic that it's gone up after the post-2013 crash, it must surely skyrocket again. Some people can justify their belief, but many are just playing follow the leader.

xiphias2 8y ago
Please don't confuse Bitcoin with any other cryptocurrency. Bitcoin Core is where developers who treat it responsibly as a multi-billion dollar system are concentrated. It's very hard to submit code to it for a reason (unlike ALL other crypto currencies so far). Just as an example Bitcoin is the only cryptocurrency where you can see a page with all security vulnerabilities so far.
- Kaveren 8y ago
  I am aware that Bitcoin is not the same as the myriad of altcoins. Faith in the cryptocurrency market as a whole can affect all prices, and that's half the point. Besides, it's only been what, not quite 10 years since the first Bitcoin implementation, and there's still plenty of ongoing work. I'm sure the developers take their job very seriously, but even so, there's no promise of impenetrability this early. Maybe in another 10 years. Volatility induced by technical failures in the cryptocurrency market should be just as concerning, particularly when people expect / expected the price to stabilize following the surge in price in 2017.

xiphias2 8y ago

Please don't confuse Bitcoin with any other cryptocurrency. Bitcoin Core is where developers who treat it responsibly as a multi-billion dollar system are concentrated. It's very hard to submit code to it for a reason (unlike ALL other crypto currencies so far). Just as an example Bitcoin is the only cryptocurrency where you can see a page with all security vulnerabilities so far.

Kaveren 8y ago
I am aware that Bitcoin is not the same as the myriad of altcoins. Faith in the cryptocurrency market as a whole can affect all prices, and that's half the point. Besides, it's only been what, not quite 10 years since the first Bitcoin implementation, and there's still plenty of ongoing work. I'm sure the developers take their job very seriously, but even so, there's no promise of impenetrability this early. Maybe in another 10 years. Volatility induced by technical failures in the cryptocurrency market should be just as concerning, particularly when people expect / expected the price to stabilize following the surge in price in 2017.