Hacker News new | ask | show | jobs
by cryptodogemoon 3119 days ago
Why bother attempting to patch on layers on top of BTC when it's already centralized with ASIC farms?

Start fresh.

Early adopters of BTC are trying to con new users into buying coins produced for minimal capital/computational work. The flaw in BTC is inherent to the malicious minting algorithm designed to harm new users.

There's other cryptocurrencies who are far out pacing the BTC core team.

3 comments

Ha because then that would devalue bitcoin and everyone's dream of selling to a greater fool would collapse!
Which currencies do you see as addressing these problems in a technically proven way?
Ethereum (which definitely has its own fair share of issues) recently hit its all time high in daily transactions, which incidentally is more transactions than all other existing decentralized blockchains put together--a set containing Bitcoin.
Vertcoin is the probably the most Bitcoin-like one that addresses the mining centralization issue.
I agree: we need a faster settlement layer independent of how much the currency itself is worth; but let’s say we have have that network? How do taxes work? Everytime you transfer or pay for anything? That’s not going to work.