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by Samupaha
Sat Mar 11, 2017 2:59 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

Second, we're all friends here, right?
Yeah, hopefully! I'm not interested in arguing just for the sake of arguing. I'm genuinely puzzled why people still have so much faith in Bitcoin. Even now when it's clear for everybody that Bitcoin has serious scaling issues. That can't be denied anymore ...
by Samupaha
Fri Mar 10, 2017 3:21 am
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

If you don't see the point of PoW, then everything else I say will not matter.
I have seen more and better arguments against POW than for it. Especially from the financial revolution perspective it seems that POW blockchains are really high risk projects.

If you have any good arguments for POW, I ...
by Samupaha
Wed Mar 08, 2017 6:00 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

Yes it absolutely matters. Why would you hold your wealth in a bunch of cryptocurrencies that will fluctuate wildly in value depending on which way the wind is blowing? This is bad for business and bad for savers. Very few people will want to hold money in a crypto that tomorrow nobody wants, or ...
by Samupaha
Wed Mar 08, 2017 5:08 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

While I believe bitcoin is a great thing, I believe that it is an error to believe that bitcoin is the one and only way. It's like a religion almost... There is room for other currencies, with better features and support. Bitcoin is the first of its kind, and its not as up to date as some others ...
by Samupaha
Wed Mar 08, 2017 4:55 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

Why would another chain be needed? Bitcoin is already the most profitable, why not just. Make changes to the current chain to get a broader appeal, while keeping the current base.
The problem is that the current blockchain can't be updated. People have been trying but nothing is happening. Not ...
by Samupaha
Wed Mar 08, 2017 4:43 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

You don't understand Bitcoin. It's significance is an immutable ledger that can't be censored by a government. If it splits, then the experiment has failed. Not just for Bitcoin, but all crypto. It's worth $100 fees for one network that can serve this purpose. All other networks are currently under ...
by Samupaha
Wed Mar 08, 2017 3:51 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Re: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

Abandoning Bitcoin will not bring revolution, it will end the revolution that Bitcoin has started.
Why that would happen? There is huge demand for a real currency for the world. It doesn't go away when Bitcoin fails. Choosing a better currency will take the revolution to the next step.

I agree ...
by Samupaha
Tue Mar 07, 2017 6:18 pm
Forum: Bitcoin Discussion
Topic: Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin
Replies: 15
Views: 3392

Do you want to see a financial revolution? Maybe it's time to abandon Bitcoin

As all of you probably know in this point, scalability issue of Bitcoin has become obvious. It has been known for years that Bitcoin can't handle much transactions. There have been some theoretical solutions but so far Bitcoin has been unable to implement any of them. We are in a situation where ...

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