Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin maximalists are doing more harm to the crypto space than good ?
by
hatshepsut93
on 20/08/2020, 15:33:28 UTC
⭐ Merited by Coding Enthusiast (1)
Crypto space is full of "developers" who just make millions off their pet shitcoin with no intention to actually improving anything. So, it's a no-brainer to be a Bitcoin maximalist, when the whole field is so bad.

- Better privacy / anonymity features.
- Faster transaction / confirmation times.
- Useful PoW schemes
- Smart contracts etc.,

Privacy is one of a few things that are indeed improved by alts. Still, many privacycoins have problems of their own.

Faster confirmations? There's no such things, 1 Bitcoin confirmation is not the same as 1 shitcoin confirmation. 1 Bitcoin confirmation is already extremely unlikely to be reversed. Meanwhile alts get successfully 51% attacked on a regular basis.

Useful PoW? If it's useful, it's centralized, and you can't have a reliable financial peer-to-peer system that has trusted third parties in its protocol.

Smart contracts - still not used in real world.