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RE: For Bitcoin Devs Inaction Might Be A Worse Option Than A Risky Decision
The only thing Bitcoin has going for them now is Branding...even my retired neighbor heard of it. Alt-Coins were created to improve upon the blockchain technology...but they lack the branding. I propose that Bitcoin should hard fork and adopt /rewrite/upgrade their blockchain protocol to compete with today's Alt-Coins. 10 minute confirmations are so yesterday! With BTC's current coding...the scalability problem will be Bitcoin's downfall.
This is simply not true. While Bitcoin certainly has a lot of first mover advantages, Bitcoin boasts the most secure network. Period. They also have the industry support, actual use/adoption, tons of development.
I respect your opinion. Sure. Maybe Bitcoin boasts the most secure network...but that didn't prevent Mt. Gox or BitFinex. Hackers did in fact find a way to infiltrate the Bitcoin Network that still relies heavily on Centralized Exchanges. Bitcoin is not perfect...it has flaws that Alt-Coins are trying to solve. Cheers.
Well that is only due to centralized exchanges. Bitcoin might not have all the features - I hope quality alt coins take on Bitcoin and some of the flaws.