Post
Topic
Board Development & Technical Discussion
Re: BTC must split into smaller units to survive
by
illinest
on 06/01/2018, 23:58:37 UTC
To anyone who has working eyes and brains, it should be clear now that today, the only important factor for success of  a cryptocoin (or a non-cryptocoin like XRP) is, that it looks cheap. Just go on coinmarketcap; circulation upside down. Result: higher supply coins get all the profit. Cardano, XLM, XRP, Iota, et cetera.

That's only during a particular phase of the speculative mania. I first got involved with Bitcoin at the height of the April 2013 bubble. My first inclination was to buy LTC because it was "cheap" and possibly "the next Bitcoin." I paid dearly for that mistake, and over the next year year I immersed myself in all things cryptocurrency. In the end, I came to realize that Bitcoin is by far the most reliable blockchain and store of value in the space. There is a learning curve here. "Cheap price" is no replacement for brilliant and driven developers. Newcomers to the space will learn that over time, and likely by buying into projects based on nothing more than unit price. That will come back to bite them.

I propose a hardfork, 1 BTC (old) = 1000 BTC (new) Cool

No thanks. This whole "we need to rush things and make gimmicks to compete with altcoins" attitude is destructive and divisive.

It would also make it more practical for smaller payments....

How so?