I do belive that bitcoin has huge drawbacks, but there are allready system that are way better in most of these. Delegated prove of stack allows for extreamly l

I do belive that bitcoin has huge drawbacks, but there are allready system that are way better in most of these. Delegated prove of stack allows for extreamly low cost, high speed transactions. The notion of a DAC is extreamly intresting, insead of destroying money be wasting it on energy companys we use this money to improve the infrastructure. This will allow development and even services. The problem of the transaction and the lack of annonymity can be solved rather well. The goal is identity if you want it, annonymity otherwise. Bitcoin has a clear first mover advantage but with the development of smart wallets and things like that, altcoins will be more easly integrated with the market. This technology is in its early days but it does have lits of promis. > People forget quickly that regulations were enacted in response to fraud and to protect people. If you really belive that, you have not studied the history of banking reglation. Bitcoin suffers from the same problem that all trade on the international internet suffers from, the lack of contract enforcment. There is a huge diffrece between finacial regulation and contract enforcment. Contracts can be self enforcing by simular mechanisms as it is on ebay. We just need a opt identity system.