Post
Topic
Board Altcoin Discussion
Re: rpietila Altcoin Observer
by
AlexGR
on 27/05/2014, 00:06:07 UTC
Monero, my man, why are you tanking?  Angry

Too much inflation. Classic problem with some altcoins, but it's even worse with MRO (right now).

Quote
It's BitCoin that is fighting for "relevance"...
*** I cringe *** every time I use that 2009 technology requiring 30-60 min for a transaction...
A quaint public, low velocity commodity for geeks to hoard...

It's like store of value rather than a fast way of transaction. Using altcoins with 2.5m blocks or less is paradise compared to the torture of BTC confirmations. Seems like the telegraph in the age of emails. For individual low-volume transactions 2 confirmations should be adequate - and it's still a long time, especially if variance decides to find a block in 40 minutes.