Quote from: Peter R on March 18, 2014, 05:46:05 AM

Quote from: seleme on March 18, 2014, 05:32:40 AM

If there is one fear I have is about Bitcoin becoming irrelevant due to some superior technology but I think we have some time until that happens.

I think we have a very long time until that happens.

I remember when I was first learning about bitcoin in March 2013. People would say how this alt coin was better because it had faster block times, or that alt coin was better because it was proof-of-stake and used less mining energy. Or this coin has demurrage to prevent hoarding or that coin uses ASIC-resistant hashing, or this coin is "Turing complete." What I've come to believe is that this was mostly attempts by alt coin pumpers to appeal to newbies. It seems to make sense that a "second generation" coin would be an improvement, but the more I learn, the more I believe that there are no fundamental problems in bitcoin that can be solved by alt coins and design changes.

I've now spent months researching bitcoin at the technical level and I never cease to be amazed at Satoshi's genius. He seemed to give great thought to every detail.

My only criticism (and perhaps I'm missing something) is the way the ECDSA signatures are included in the transaction hash (which contributed to the transaction malleability problem). But maybe there was a reason for this too that I've missed. Nevertheless, we should have malleability eliminated over the coming years.

Tell me if I'm wrong but wasn't malleability known for years and more of an issue with how the programers of certain exchanges verified that a transaction was sent (the lazy way of just checking the transaction hash)?