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by Zamicol
2404 days ago
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Afraid of a little competition? This is the paradox of the bitcoin maximalist: The 'free market' is good but don't try to compete with my 'one true asset'! I heard about Bitcoin in 2010 a few days before MagicalTux announced Mt. Gox on the Bitcoin forums. Once graphic card mining became a thing I quickly started a small farm while in school. When I first understood PoW I immediately knew PoW must die for cryptocurrency to become sustainable. It is the single largest flaw with contemporary cryptocurrency. Bitcoin has become stale and unwilling to progress, instead choosing to retreat in maximalist dogma. This prevents bitcoin from solving some of these obvious technical issues. The block size debates is far more than enough to turn me away. For me the ethereum community has been a breath of fresh air and is far more progressive than those left in the bitcoin world. After seeing the ethereum community gracefully handle the 2016 DOA hack with a hard fork, I was sold. Ethereum's community understood technology serves us, not the other way around while acknowledging and actively working toward solving problems bitcoiners often simply ignore. I believe in the human spirit of solving problems through technology. Ethereum is not a panacea, but the ethereum project tries to remember that progressive spirit. |
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