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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
mymenace
on 15/09/2017, 06:42:14 UTC
It's "inherent technological design" is the blockchain. So the blockchain is "revolutionary technology" but it's broken? You are contradicting yourself. Unfortunately, most of these cryptocurrencies we have now are based on the blockchain concept, and have the same flaws.

By "technological design" I meant how transactions are currently processed and confirmed, the hard limit on supply and the fact that everybody can know what I have in my wallet.
There are already several coins which solve some of this problems, e.g. Monero.

there is far better tech that will provide complete anonymity, and this tech can and will be added on top of bitcoin. ( third layer?? ahaha!)
right now things like Ether and Monero, bcash, they have an edge, somthing that adds utility and sets them apart.
but sooner then you realize, bitcoin will have better solutions then anyone of these altcoins... and then what are these altcoin worth? not a fucking thing....


this old discussion

bitcoin is the building block e.g. blockchain

the idea was to build on top of it

e.g.  http://www.rsk.co/
Ginger is the public release of the open source Testnet Network. Powered by Bitcoin, the most secure distributed network in the world, users will be able to run their smart contracts in a platform that can scale up to 2.000 tx/sec on chain and 20.000 tx/sec off chain, providing the scalability needed for global financial solutions.


and thus the value of bitcoin is tested, established and valid



exactly what Killerpotleaf is saying