Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
iCEBREAKER
on 29/05/2015, 04:22:47 UTC

Do you want Bitcoin to fail, because you want more attention to flow to Monero?

Referring to our upthread debate, I am trying to determine if you truly have an interest in Bitcoin being only a store-of-value (with more third party risk than gold and roughly the same limited avenues for exchange), instead of shooting for widespread unit-of-exchange (albeit losing the decentralized attribute in the process)?

Again I want all-of-the-above and decentralized in the same crypto-currency. And I think I know how to do it. No trade-offs.

Of course I don't want Bitcoin to fail.  Could you possibly more dishonest and uncharitable?

If trade-offs did not exit, there would be no tension between Bitcoin (The Currency) functioning as both a store-of-value and widespread unit-of-exchange.

But here in the real world, bound by the pesky laws of thermodynamics, trade-offs do and will always exit.

The UXTO set is only the current bottleneck for scaling BTC to Visa++ levels of retail usage.  There are many others waiting in the wings (*cough, 10 min. block time, cough*).

Bitcoin's Mother-of-All-Blockchains is simply not the right tool for real-time retail POS interfaces.  Bitcoin's Mother-of-All-Blockchains is a back-office tool.

As for your VaporCoin, please either show us the whitepaper or stop hyping/teasing/marketing/pimping it.