4 ms·
All the features mentioned above. For example: - transaction times - energy consumption - scalability (BTC currently does 7tx/s) - security (BTC is getting
by gnrlst 6y ago
All the features mentioned above. For example:
- transaction times
- energy consumption
- scalability (BTC currently does 7tx/s)
- security (BTC is getting more centralized over time, increasing the risk of a majority takeover.)
- fewer fees as possible (ideally 0)
BTC only has first mover advantage, and security...for now.
- wyldfire 6y agoI'm a big fan of bitcoin and a few altcoins, including some PoS. But I feel like you are understating bitcoin's security. It has been very well tested and has a large bounty - both in its market cap and value of transactions that have not been susceptible to any double-spend attacks. Other coins might sound good on paper -- adding new features but introducing serious design errors that have yet to be discovered because they're not a big enough target.
- gnrlst 6y agoYou're right. But security today does not guarantee security tomorrow in a landscape where mining incentivizes economies of scale. The more mining power converges (as it is already doing), the more likely for a fewer entities to collude. While it may not be in their interest given their investment in the project, who says that a government or malicious actor might not?
- devmunchies 6y agoanother is privacy. Bitcoin is not private. Monero is exclusively private and ZCash is opt-in private.
- miguelmota 6y agoMetcalfe's law is also an interesting way for measuring value of the network https://en.wikipedia.org/wiki/Metcalfe%27s_law https://en.wikipedia.org/wiki/Metcalfe%27s_law