Post
Topic
Board Altcoin Discussion
Re: Problems with crypto - we arent there yet
by
leea-1334
on 03/01/2018, 19:13:57 UTC
There are still many problems in crypto:

- This year we had many HARD FORKS.
- high transaction costs ($40,- btc)
- transaction speed
- realy decentralized? Who are the big players, who decides the hard forks..
- almost all crypto needs to be payed with btc
- ICO’s - to much greedy and some good projects

We arent there yet. But these problems wil be solved  Grin
Maybe in 2018..



Hmm. I would say Hard Forks are not actually a problem in crypto, it is only an issue with Bitcoin because a lot of greedy devs want to launch their own Bitcoin-based alt for instant money. Otherwise, hard forking is necessary sometimes. If I am not mistaken Bitcoin did it once already many years back, and Ethereum did it to save their funds from hackers.

In fact, all your problems mentioned are not problems, they are design characteristics. Even if Bitcoin had 1 user, he still has a 10 minute confirmation time.

Centralization yes, that is a problem, but not for everyone. Ethereum and Iota and Ripple for example, all their users love the centralization of their coins.