4 ms·
I'm not even an amateur cryptographer, let alone an armchair one. I'm just someone who sees the failed promises made by Bitcoin (fast, cheap transactions) agai
by jetpackjoe 6y ago
I'm not even an amateur cryptographer, let alone an armchair one.
I'm just someone who sees the failed promises made by Bitcoin (fast, cheap transactions) against the horrendous damage it is causing the environment.
There has to be a better way.
- olalonde 6y agoI appreciate your honesty. Fast and cheap transactions have been around since long before Bitcoin. Bitcoin's innovation was to make those possible without a trusted centralized intermediary. Therefore, decentralization and security are arguably the most important properties when evaluating cryptocurrencies. And Bitcoin is king on that front. Cryptocurrencies that promise faster, cheaper or "more energy efficient" transactions pretty much always have to compromise on that. But as an end user, you probably wouldn't know that. That's why I'm frustrated with people who authoritatively claim things like "there are so many better crypto-currencies" while not disclosing that they're merely commenting from a "user experience" point of view.
- jetpackjoe 6y agoIs Bitcoin king on security and decentralization because of anything in the protocol, or because it has the most miners?