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Benjamin, you're conflating bitcoin the protocol with bitcoin the 'currency'. This is an all too common mistake, so please don't feel too too bad about it. Bit
by lingben 13y ago
Benjamin, you're conflating bitcoin the protocol with bitcoin the 'currency'.
This is an all too common mistake, so please don't feel too too bad about it. Bitcoin protocol does have some interesting things to offer us and I'm sure it will be built upon in novel ways.
Bitcoin 'currency' on the other hand is a non-starter and as time goes on we will see it discarded.
I hope more people would concentrate on the protocol but about 99% of what you hear and the energy of people is set on bitcoin 'currency'.
- damontal 13y agowhy is it a nonstarter as a currency? is it because it can't scale if widely adopted? or because it's difficult to keep secure? any other reasons?
- VMG 13y agoYou can't use the Bitcoin protocol in any meaningful way without using the Bitcoin currency. Alternative crypto-currencies are less secure because they have less dedicated mining power and less developer support.
- hendzen 13y agoThe protocol and the currency are actually inseparable: http://timothyblee.com/2014/03/01/heres-why-bitcoin-the-network-needs-bitcoin-the-currency/ http://timothyblee.com/2014/03/01/heres-why-bitcoin-the-netw...