This is probably the last thread to get any support for altcoins (aka shitcoins), but not for lack of trying.
What do you guys think about payment systems? Shitcoin worse than Credit Card?
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TLDR
If you say Shitcoin, you should include the fiat currencies as well.
The pivot points are still: (De)centralization and Inflation.
Bitcoin (the protocol) was created to solve both, very basic problems of financial systems, while all the other Shitcoins failed to do so.
Sure, there are always some caveats, for example the 51% theorem in regard of Decentralization, but basically using Shitcoins for payment systems is only better (or more widely) supported,
yet.
If you are really interested in free (as freedom) money, you should not be interested in getting any support for shitcoins.
Lightning is a step on the evolution of Bitcoin as a global payment system. Pretty clever, as it also solves a big part of the scaling problem, but that's just my opinion.
Let me transform your original question to be more compatible with this thread's topic:
What does Bitcoin need to replace shitcoins and centralized payment systems?
it needs 12x the blocks it makes now. note the blocks would be with 1/12 the coins you have now
it needs 10 digits not 8.
this would mean it could handle 12x the transactions it does making it better equal to the LTC/doge ability
and with 0.0000000001 per byte as minimum fee moving coins would be cheap.
other way would be a simplistic LN style network.
and but of the above still have issues because they opened to max coins at 21 million
Doge has ever decreasing regulating inflation which solves the mining issue.
BTC still has a longterm mining issue, that make store of value and hodl more attractive then using it to pay for things.
Doge ................coins ........ inflation rate
year 1 . . . . . . . .1x
year 2 . . . . . . . 2x . . . . . . 100%
year 3
year 4
year 5
year 10 . . . . . 10x . . . . . . . na
year 11 . . . . . 11x . . . . . . 10%
year 20 . . . . . 20x . . . . . . .na
year 21 . . . . . 21x . . . . . . . 5%
year 25
year 26
year 50
year 51
year 100 . . . . 100x . . . . .na
year 101 . . . .. 101x . . . .1%
Doge offer perfectly regulated decreasing yearly inflation rate. that can be predicted for centuries to come.
thus solving the mining issue of rewards. and perfectly regulating inflation in a totally predictable manner.
Preaching this on this thread makes people get pissed at me.
Fine than show me BTC with a better method.
BTW I paid only 24 cents to move over 1000 usd on the main btc block chain today.
Was it instant no it took over 22 minutes and still waiting on it to clear.
I sent 825 usd cash via zelle on tues was it instant well under 1 minute cost was zero bank to bank andd it was a send that needs documentation
In the USA btc competes with zelle Venmo and PayPal all close to instant all can be no cost AND trackable which is sometimes need.
Frankly I don't ever see BTC being able to be a good p2p for under $100 sends
unless they do the following :
"it needs 12x the blocks it makes now. note the blocks would be with 1/12 the coins you have now
it needs 10 digits not 8."
btw I could see wars over btc and doge in the future just look how heated people get on this thread when you simple show them real math about the problem
Poll
