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I don't think it's an excessive focus on BTC technology, so much as that BTC abstracts the core issues to their fundamental essence and forces the tradeoffs on
by shanusmagnus 5y ago
I don't think it's an excessive focus on BTC technology, so much as that BTC abstracts the core issues to their fundamental essence and forces the tradeoffs on those terms, without obfuscating them. For instance, POW is extremely clear: you make a sacrifice to create blocks / mint transactions. It's almost biblical -- the game theory doesn't work without the sacrifice, and sacrifice is, tautologically, a tradeoff of one precious thing for another. All other crypto projects either want free lunch someplace, or make very different tradeoffs and assumptions.
- acjohnson55 5y agoBitcoin is not a pure or minimal system, contrary to the hype. There are all sorts of decisions built in to it that can be varied, and if the concept of a cryptocurrency does, in fact, have society altering promise, it's very worthwhile to have other technologies explore the space.