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RE: A Better Possibility?
Yeah, but I'm not nearly that clear about BCH either. A hack-job clone of BTC? What's its energy consumption limit going to be? Cause we know it's there, somewhere, eventually, down the line. So why even get on it if it's on a dead end street?
Excellent point.. I think the BTC or BCH or BCG or whatever just needs to be happy to limit itself as a store of value and medium for the purchase of Alt/Next Gen Coins.. In regards to power consumption it is relative in the grand scheme of things and I wrote an article about the specifics on that last month. Long and short of it is that so much is made about the power consumption of BTC but the reality is that mining consumes around 1 percent of the same amount of energy consumed by devices in the US currently sitting in standby mode. Its costly for the miners, but as far as bringing down the world grid; that is not a possibility.
I dont think it is a dead end, but it is a better option than slow and expensive BTC..
No matter what, in the end the newer coin will experience the same problem as BTC. It's the nature of blockchain. It grows larger slowing transactions. Even ETH experienced this with cryptokitties. Miners and nodes couldn't handle the load. Add more miners and modes wouldn't help because the entire blockchain has to be copied and distributed on every transaction. More nodes just worsens the problem because it floods the network with more traffic increasing the slowness.
This is what every cryptocurrency is going to face. A new trend of lighter cryptocurrencies exists where the blockchain is lighterweight, but again...it's a half measure. Eventually, the blockchain reaches a size that it's untenable.
Personally, I think ZenCash with its node design and infrastructure design is very sustainable.
At some point BTC will get so slow, that BCH will start to experience more pumping/dumping. At that point, we'll start to think