Post
Topic
Board Altcoin Discussion
Re: Why aren't you investing in a 2.0 platform?
by
Corepolitics
on 08/03/2016, 11:38:03 UTC
Sorry I haven't analyzed Counterparty. I am at the limit of altcoins that I can research. I need focus more on my own work. After studying dozens of altcoins from Stellar to Factom to Iota to Dash, etc and finding flaws in all of them, I am confident there is nothing out there that is doing block chain consensus in a way that can scale (to millions of users) decentralized, not even Monero.

Obviously Counterparty is built on Bitcoin's block chain so inherits the scalability issues plaguing Bitcoin.

No worries. I do agree with the scalablity issues so only consider it's usefulness for a fairly narrow subset of applications.
If you do get the time to research it I'd love to take a read through.

Can't wait for the ANN thread of your coin. I guess you will have a lot of friendly people there  Cheesy

I remember an old quote of AnonyMints: "enable the free market to experiment and innovate. Don't try to proclaim you know the perfect design for all" . I think his matter-of-fact frankness and thirst for engineering what he feels is a fix to as yet unsolvable problems gets mistaken for him arrogantly forgetting the latter portion of that quote whenever he criticizes existing approaches.Of course it is easier to identifiy flaws than it is to propose a solution avoiding them, or indeed presenting another set of flaws. Harder so to successfully implement said solution so he has to get some props for open his project up for scrutiny.