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RE: Round 2 entry - Laura Lemons art tribute contest - Hope.

in #holoz0rlltaa17 years ago

Yeah I don't really see the point of bitcoin gold. Why not just use one of the other blockchains that does the same thing? Makes little sense to me. Where is the demand going to come from?

Hey, I'm a big BTC fan too, it makes up the largest share of my crypto portfolio. I like that it's been around the longest and seems to survive and prosper despite whatever gets chucked at it. It's a proven product (so far) and none of the other coins have the same level of experience (if that's the right way to say it).

But yes 15 hours does seem long. However, if we fast forward a few years, will other coins face similar real world scaling issues? I don't know.

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I know Dan Larimer, co-creator of steem/steemit, is working toward a 0.5 second block. Steemit runs on a 3 second block; and bitcoin is roughly 10 minutes.
I always assumed that bitcoin would.
A: Harness superior hashing power to destroy any threatening alts
B: Incorporate any new, exciting code/ideas into itself, retaining it's network effect and nullifying any first mover advantage the altcoin had.
DPOS stops bitcoin miners from launching a 51% attack, and the btc devs don't seem to agree on anything, so superior code is unlikely to make it past the gatekeepers.
That's my main two reasons for keeping btc front and centre, both dead in the water.
Certainly something to think about. (I also currently hold a reasonable amount of btc, but I know we're not deciding the truth here, merely trying to discern it)

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