Post
Topic
Board Bitcoin Discussion
Re: "Failure to Understand Bitcoin Could Cost Investors Billions" (Bitcoin's flaws)
by
bitfreak!
on 13/02/2014, 01:29:47 UTC
I think most people would agree with you that we need more anonymity and more ASIC resistance and more scalability. But that's why we have alt coins to solve these problems. All 3 of those problems are already solved and being developed as we speak. But that does not mean the resulting coins which incorporate these ideas will "kill" bitcoin. Bitcoin is the original cryptocurrency designed by Satoshi and will never be killed so long as the network remains secure. It has too big of a foothold in the market to ever be killed by an alt coin regardless of how "perfect" that alt coin is.

There are also some things in your list of suggestions which are subjective "improvements" which conform to specific monetary theories and not purely technical theories. For example these two points:
Quote
small, reasonable perpetual debasement
zero transaction fees (with economic transaction spam resistance)

I don't know how long you're going to argue about this perpetual debasement nonsense. It has to get old at some point. There are already several coins with perpetual debasement built into them, what more do you want? Bitcoin will never change to  match your concept of how money should work. And your suggestion about zero transaction fees is completely socialist imo, there is no reasonable way to separate a spam transaction from a real transaction without fees. People who are willing to pay get what they want faster than those who cannot pay, it's as simple as that and you're concern over spiraling fees is completely irrational imo.