Quote from: AngelusWebDesign on August 12, 2011, 12:14:50 AM

Frankly, there's nothing wrong with Bitcoin. No, I'm not talking about the economy that's sprung up around Bitcoin, I'm talking about Bitcoin itself.

Can anyone tell me what's wrong with Bitcoin? Is it something that IXcoin, Smurfcoin, or some other fork can solve?

I think most things a person could bring up would be things like: Mt. Gox, Mybitcoin, difficulty using exchanges, lack of accountability, lack of insurance, mass adoption, business adoption, etc. -- things that are connected to Bitcoin, but not Bitcoin itself.

So starting a new blockchain does *nothing* to bring us even one nanometer closer to electronic currency nirvana.

There are mainly 3 problems with Bitcoin:

1. It unfairly benefit early miners (IXcoin just amplified this to a degree so that everyone can see it clearly)

2. Deflation nature make it unsuitable for serious long term business (IXcoin also made this worse)

3. Difficult to understand and use, wallet.dat security issue (IXcoin has no improvement)

These 3 problems in Bitcoin makes it very like a scam instead of a digital currency that has real long term potential. Unfortunately IXcoin just made these 3 problems worse, so it seems even more like a scam Cool

But what if IXcoin can fix these 3 problems? I think it will really become a replacement to bitcoin in a longer perspective, or at least urge bitcoin to improve a lot Roll Eyes