3 ms·
Alt exchanges exist already. Again - why should merchants bother setting up a new payment system if anyone can exchange altcoins for bitcoin easily?
by kolinko 13y ago
Alt exchanges exist already. Again - why should merchants bother setting up a new payment system if anyone can exchange altcoins for bitcoin easily?
- fat0wl 13y agobecause of all of Bitcoin's black market/early-adopter emotional baggage (the BOA report addresses this as Seigniorage). I'm not saying Litecoin is any better but my best guess is that eventually a solution will emerge with a model that negates the need to mine in order to maintain the integrity of the blockchain. (Maybe something that incorporates such costs into the exchanges, which then form a network that does this processing? Not actually saying that would work, just an example). Basically a system that is "more professional" will come out, think of it as Bitcoin 2.0. All the vendors will adopt since they can co-opt a lot of the same POS systems they're already using (how hard would it be, really, to accept 2 forms of cryptocurrency instead of 1?)