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by lingben 4476 days ago
Benjamin, you're conflating bitcoin the protocol with bitcoin the 'currency'.

This is an all too common mistake, so please don't feel too too bad about it. Bitcoin protocol does have some interesting things to offer us and I'm sure it will be built upon in novel ways.

Bitcoin 'currency' on the other hand is a non-starter and as time goes on we will see it discarded.

I hope more people would concentrate on the protocol but about 99% of what you hear and the energy of people is set on bitcoin 'currency'.

3 comments

The protocol and the currency are actually inseparable: http://timothyblee.com/2014/03/01/heres-why-bitcoin-the-netw...
You can't use the Bitcoin protocol in any meaningful way without using the Bitcoin currency.

Alternative crypto-currencies are less secure because they have less dedicated mining power and less developer support.

why is it a nonstarter as a currency? is it because it can't scale if widely adopted? or because it's difficult to keep secure? any other reasons?