Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people.
Unless ABC gets his shit together, I'm just about to jump ship. Or maybe, just maybe if a non ABC implementation convinces a majority of miners to NOT use ABC. I've used up 50%+ of my BCH stash this summer (it was so great to spend - Bitcoin's potential is so fantastic, but I digress)... You'll find me on Monero and Ethereum, currently the only worthy cryptos (in my opinion - unless BCH gets its shit together).
Bitcoin currently can do 3 transactions a second vs 11 a few years ago (Visa does 2,000 a second). Whole system is under the control of a handful of chinese miners, who don't want to see the system be extended for fear of losing money. The resolution of the Bitcoin experiment (medium.com) 961 points by tptacek on Jan 14, 2016 hide past web favorite 408 comments: Nursie on Jan 15, 2016. I've enjoyed watching the Bitcoin experiment. It's been enlightening in a variety of ways, from technically to socially. I've been fascinated and appalled in equal measure at the fanboy community, at the intolerance of criticism that ... Hearn: The resolution of the Bitcoin experiment. Posted Jan 21, 2016 22:20 UTC (Thu) by nybble41 (subscriber, #55106) > No, clients only generate transactions and transactions only have value if included in a block by a miner. Clients also validate the blocks they receive before appending them to their own local copy of the blockchain. If a block isn't seen as valid by a majority of clients ... Hearn: The resolution of the Bitcoin experiment. Posted Jan 22, 2016 3:00 UTC (Fri) by Cyberax ( supporter , #52523) > But you are probably right that some type of proof of work is probably needed but it has to be done in a different way I think so that its not so local as it is today. Please, no. Then it will require not only boatloads of coal to generate electricity, but also tons of network ... The resolution of the Bitcoin Cash experiment. _unwriter . Follow. Nov 27, 2018 · 20 min read. Disclaimer: Before I go in, I want to say, if you are a Bitcoin application developer who happen to ...
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