So Erik Voorhees waves the flag for Dash - so what?
A. Antonopoulos agreeing with E. Voorhees is
an amazing sight. And yet they are now saying things that I was writing back in early 2014. Wonder if they got the idea from me?
Note A. Antonopoulos isn't arguing that Dash is the right answer per se, rather he is just agreeing with my bi(or multi-)furcation concept:
I am not arguing that Bitcoin won't go up in price (although it is remotely possible it could be entirely defeated by an altcoin, the more likely future is Bitcoin prospers while an altcoin might also due to a bifurcation on the principle of strong anonymity).
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And we need decentralized currency and payment in order to prevent the internet from being dominated by an advertising funding paradigm and few large corporations.
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We concluded in upthread discussion that for Bitcoin the easier attack vectors are regulation (since anonymity can easily be universally broken ex post facto with coin taint) and taking control over the few large pools.
Designing defenses against the 51% attacks is more relevant to the proposed altcoin that would be more impervious to regulation and pool centralization.
So above it appears I was also thinking about micro-transactions even though I explicitly articulated the anonymity feature. Seems after the altcoin community focused on anonymity, but meanwhile I have focused on micro-transactions also so as to compete with the advertising model of internet funding.
Below we can see I was already thinking about IPO distribution models and also how to scale decentralized mining.
So of course I think Dash, Monero, and Aeon are all behind me in terms of insight and creating the killer altcoin. Time will tell. I don't feel any great need to convince anyone on this forum of anything nor do I really care. I just don't think the arguments here in this forum about which coin is better are relevant. What is relevant is how many users your coin has and will have. Or what unique function it will serve for a smaller market if that is the intention of that altcoin (in which case arguing in this forum as if you are concerned about usershare derived from this forum is an indication that the intention is not to serve a smaller market).
See one of many famous price predictions as well:
Yes Ethereum is one of the possible serious challengers to Bitcoin, and
I've been aware of it for months behind the scenes.
I am doubting the economics of how they tied their scripting into the mining. I fear it may be a fundamental flaw that could cause it to fail over time. Other than that, I think contracts changes everything in the crypto-currency paradigm.
Also IMHO Ethereum's
planned IPO model for starting a currency is flawed.
In the meantime, I expect something better than Ethereum will come out. Hopefully with a better name too (Etherium.com is a game, what the heck does ether mean to the average person).
I hope I am wrong about Bitcoin crashing to $300 or below, because it would be much more positive for the ecosystem of serious altcoins.
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