Bitcoin is archaic

[auswalk]

I don't give a rats ass about Dash or any other "alt coin" I was simply pointing out bitcoin has block size issues that other coins clealy fix. Bitcoin should look at some of their solutions and incorporate it into the code base.

This weeks tulip mania for Ethereum is indicitive that there is a disgruntled community. Of course ethereum is nothing but hot air and will go back to close to 0 eventually, but if bitcoin doesn't shape up, something will start legitimately competing with it. And it needs to fix this stuff FAST b/c time is at a premium now.

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[AliceWonderMiscreations]

I don't give a rats ass about Dash or any other "alt coin" I was simply pointing out bitcoin has block size issues that other coins clealy fix. Bitcoin should look at some of their solutions and incorporate it into the code base.

This weeks tulip mania for Ethereum is indicitive that there is a disgruntled community. Of course ethereum is nothing but hot air and will go back to close to 0 eventually, but if bitcoin doesn't shape up, something will start legitimately competing with it. And it needs to fix this stuff FAST b/c time is at a premium now.

They may not be as fixed as you think.

[Moneyburner]

As with any new technology, the first of its kind will always lose out to a more improved technology down the road. It has the advantage of first mover status and market share yes, but other coins have the advantage of learning from BTC's mistakes.

[auswalk]

The first mover advantage for bitcoin is monumental. However if transaction costs continue to be cost prohibitive both in time and cost, then slowly but surely other currencies will replace it.

Bitcoin has a high degree of scarcity. Other cryptos have missed the boat on that.

However there is an enormous electricity cost just to secure the network.

Bottom line is, bitcoin will never be a true electronic currency if transactions take more than a few seconds to complete. It may be a store of value and you use other currencies as intermediaries, but that is almost self defeating.