Post
Topic
Board Development & Technical Discussion
Re: DagCoin: a cryptocurrency without blocks
by
DumbFruit
on 04/04/2017, 20:16:29 UTC
You could have just saved yourself the effort and said, "Ya you're right, DAG doesn't work as a distributed consensus mechanism.", but whatever floats your boat.

I would save the effort if I saw "Bitcoin Maximalist" stamp on your head earlier...

I am not a "Bitcoin Maximalist". Bitcoin has many flaws, but Bitcoin achieves decentralized trustless consensus which IOTA/DAG can not achieve because the DAG architecture fundamentally breaks the mechanism that allows consensus to form in a decentralized manner.

It's all well and good to use this wherever it's useful, but don't go around pretending that DAG is a magical drop-in replacement for the Bitcoin blockchain which allows "massive scalability" while maintaining anywhere near the same security guarantees and network topology.