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by parineum 1543 days ago
> Right now they're immature

It's 14 years old.

The community has had a fix for all of these problems just over the horizon for a decade. It just isn't coming.

The real issue is that most of the crypto being held is held by people who don't care about using it as currency or for anonymity, they're using it as an "investment". That's why when coins that work better as cash or privacy or whatever come out, nobody cares, they just keep trucking on with bitcoin. All they care about is that the value of bitcoin goes up.

2 comments

ZK rollups are not anywhere near 14 years old
Anyone can make anything which supposedly “works better as cash”.

How will they create confidence in the money, though?

In addition, please bear in mind aluminium and copper are more _generally useful_ than gold.

We cannot state, therefore, a money’s usefulness is more important than the hardness of the money: i.e. its scarcity and resistance to fundamental change.

This is likely why most competing currencies these days claim to be “decentralized”. It’s really just their way of claiming hardness without openly admitting to such.