Post
Topic
Board Speculation
Re: What's causing this crash?
by
Samarkand
on 30/12/2017, 14:11:41 UTC
... moving to other altcoins in where they can send fast transactions with cheap fees, nothing more than this.


The problem with that approach is that most altcoins scale even worse than Bitcoin.
The Ethereum blockchain is already bigger than the Bitcoin Blochchain in terms of diskspace
needed and it has been running for not even half the lifespan of Bitcoin.

Besides, most altcoins have not displayed the resilience that the Bitcoin network
has shown towards attacks and coordinated FUD. Switching to a centralized coin like
Ripple is a very short-sighted move, because even if it would usurp Bitcoin as the
top cryptocurrency it would suffer from the same problems eventually.