Post
Topic
Board Altcoin Discussion
Re: Why not stıck to bıtcoın?
by
DeathAndTaxes
on 02/09/2013, 00:18:44 UTC
A monoculture will eventually fail, that is reason enough to keep alternatives.




If if there were some innovation with new coins, and not just a copy / paste of the old coins Smiley
Nonsense. if someone hacks SHA256 and mines all the remaining BTC in a day, the value will plummet and the scrypt coins will take over.



If someone "hacks" (as inaccurate and unrealistic as that is) then every single Crypto-currency is screwed as they use SHA-256 in the address generation.  So you could find another public key which hashes to the same address and steal all the owned coins of every coin that exists.

There is no defense in diversity if all the codebase are 99% copied from one.