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Does xkcd apply here? It's not like there haven't been huge advances covering most, if not all of the aspects that are holding bitcoin back today. > Bitcoin is
by Tepix 4y ago
Does xkcd apply here? It's not like there haven't been huge advances covering most, if not all of the aspects that are holding bitcoin back today.
> Bitcoin is scaling rapidly with higher layer development. ...
> Don't fall into the trying to build a new TCP/IP because alternative protocols are somewhat better.
Scaling Bitcoin with higher layers is like tunneling IPv6 over IPv4 even if you could just deploy IPv6 directly.
There's the huge waste environmental problem. And even Bitcoins consensus safety (51%) is bested by more recent advances in algorithms. Why hold on?