Hacker News new | ask | show | jobs
by akuji1993 2893 days ago
There is the worry that there might be a whole new set of problems that will arise with this system.

The other worry I have, and where I think, in the long run I will probably be right, is that, when the system collapses and cryptocurrencies' price crashes, nobody except for these few individuals will care for any philosophic reasons to support this product. People invested in crypto to make money, not to support free, distributed networks or smart contracts. It would be sad to see the entire idea vanish at that point.
1 comments
mkirklions 2893 days ago
This is why Bitcoin seems the most secure. 9 years of not breaking is pretty good.

Things like IOTA and Nano use verification methods that are untested.

ETH just seems wayy to expensive in POW, and seeing how they are already getting spammed in POW, POS seems insane.

link
akuji1993 2892 days ago
The gold coin seems to be the most secure for me to be honest. If we're looking at monetary stability I'd rather have more than 9 years. Looking at our traditional ways of exchanging money, we have a history of about 6-7000 years, so that's a little more researched I'd suggest.

Honestly looking at the BTC prices right now and in the latest months, I'm seeing a few months of stability for the future followed by either a massive crash or some kind of small increase. Not really worth or secure enough to put my money into.

link