Re: GAW Miners Paybase Paycoin unofficial uncensored discussion.ALWAYS MAKE MONEY :)
Bitcoin will fade for the same reasons that first-generation technologies always fade. The sooner the better.
Completely wrong.
First of all, old technologies don't always fade.
Second, Bitcoin is constantly evolving. As soon as someone creates a coin that is not total shit, bitcoin will add it's features via sidechains.
LOL yeah, sidechains are the new hope.
First-gen technologies don't go away completely. I rode on a real steam train not that long ago, and I have a friend who still has a VCR.
Don't forget incandescent bulbs! Way better than CFL's.
Bitcoin suffers from block times that are too long to ever make it completely practical in a face to face situation (like in a brick and mortar store). Not impossible mind you, just not practical. And I see no way that there could ever be a consensus to change block times. It would require fundamental changes to the difficulty calculations and conceivably the total coin supply. In my opinion a digital currency with faster block times will eventually succeed where bitcoin never can due to that limitation alone.
see thats where i agree with you to some extent, and while i am sure people wont change the block times even if they cut it in half would be major improvement. I know that is where bitcoin needs to work hand in hand with companies like XAPO Debit card. I dont have one myself but from what i understand you hav bitcoin there kinda like coinbase, but when you use the debit card at store or atm ONLY SELLS the amount of bitcoin needed to cover the cost and nothing more. That is something that is good as dont have to preload cards and sell bitcoin at certain point to meet pre load limits there fore loosing ability for price to go up or down
