Hacker News new | ask | show | jobs
by CryoLogic 3105 days ago
Bought at $230, sold at $19450.

That's enough roller coaster for me. I'm out for good.

Here are my issues with Bitcoin:

1. Transaction times are insane, 30-45 minutes at peak hours. Bitcoin blockchain can only handle ~10TPS. 2. Fees, upwards of $30 / transaction a few weeks ago. This makes it not practical for any real purchasing or as a currency.

Both of those issues are solved by IOTA and the tangle, so that's where my money is going. I want to invest in a currency that has real world usability. Bitcoin doesn't have that at current scale.

1 comments

Way to pimp your altcoin at the end there. IOTA isn’t even in the same league as bitcoin. It’s not decentralized and it’s not trustless. Just use SQL at that point...
Those points are not accurate.

IOTA uses the coordinator as a security measure right now (against 34% attacks) and will be removed once the coin is distributed enough to diminish probability of attacks. So saying it is not decentralized isn't honest. Without the coordinator it is decentralized.

Point two is also refuted once the coordinator is gone.

Opinions on Streamr v Iota?
I see you took the long way around to agreeing with me at the end there. Have fun with your coordinator. Cheers!