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Author Topic: Altcoin wars  (Read 495 times)
AnonyMint (OP)
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August 30, 2013, 03:43:07 PM
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Uh oh, the altcoin wars...

By the way, there's a lot of confusion around zerocoin: http://themisescircle.org/blog/2013/08/22/the-problem-with-altcoins/

Although that article is correct that there can only be one dominant unit-of-account, it is not true that we don't find utility in other assets, e.g. gold, silver, stocks, options, etc..

The article is correct that no altcoin has yet created a feature set that was differentiated enough to make such a claim.

The article is also loaded with strawmen and incompletely-explored-partial-truths.

The nitty-gritty details matter.

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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August 30, 2013, 04:53:09 PM
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The article is correct that no altcoin has yet created a feature set that was differentiated enough to make such a claim.

Why not Namecoin?

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