Quote from: amishmanish on Today at 05:20:22 AM

Quote from: philipma1957 on Today at 04:41:29 AM

No there are some 'hard facts' that make me think bitcoin could be in for a struggle down the road.

I see doge as far better for buying a cup of coffee as bitcoin will be.

I see bitcoin having real issues the next two ½ ings.

But for Now I simply mine and hold.

I see bitmain as a double edge sword for BTC or any coin as they simply think of them as chips to move on the board game they are playing .

Can you elucidate a little more on how you see Bitmain's game? From your post, it seems that you are concerned, rightfully so, about adoption and ease of usage as well as the fee-market issue.

The thing about Bitmain being a double edged sword probably points to their ability to influence the mining and their interests with Ver. It 'd be great if you articulate the actual fears as we need more discussion on these things.

I think that other currencies that have some sort of central entity are busy marketing themselves while Bitcoin is basically left alone to do its own thing by its followers. Apart from a bunch of core developers, it will be hard to find anyone else still in it without the allure of commensurate personal benefit.

Earlier we used to see a lot of push towards adoption. Now most of the SM timelines are taken over by people shilling their respective alts. That really has taken away attention from adoption and usage of Bitcoin and its layer-2 developments.

Does not belong here, but if you start a topic about the danger of bitmain owning and doing all of the below

1)building gear
2)selling gear
3)cloud mining project
4)pools
5)exchange

I can explain a lot of just how bad and good they are for POW coins.

As for BTC fully turning into cash it can't happen without or due to multiple alt coins.

Doge has lots of asic backing as it merge mines with LTC

Doge is secure
Doge is fast
Doge is very low cost to send
I think of it a 1 usa Penney to 5 dollar bill

I think of LTC as 5 dollar bill to ten $100 dollar bills

BTC I think of a 10 to 30 yr usa bond valued as 5000 usd or more.

These three coins would really work well as a money system.
The idea of BTC and nothing else simply will not scale correctly
The idea of those three coins can be scaled fairly easily.

Doge can be capped to under 50 usd purchase in a store it will clear really quickly.

Software can convert it to cash for the store
Software can convert it to ltc for the store
Software can convert it to btc for the store
Software can convert it to any combination of the three for the store depending on the store's choices.

Since it is capped at 50 bucks of less and clear really fast the risk of double spending is next to zero.

Ltc can be a good down payment coin for a car or a home improvement job.

BTC is never going to be nimble and work no matter what any one thinks simply because you have to kill fee issue.
That kills miner interest
That means people will dump the coin and move on.

Using the three coins is a pretty easy solve.
ON paper. Roll Eyes

Thats is brief and simple on making a 'new' money system with crypto.

As for bitmain oh I can go on and on and on and on and on. About what they can and can not do with pow coins and their 5 levels of business listed above.