Hi everyone,
I just launched an "Intro to Peercoin" video where I explored in detail some of the long-term challenges of bitcoin network sustainability, such as:
- Mining pools and centralization
- Reward halving and network destabilization
- Block rewards vs. transaction fees
If you're interested in bitcoin over the long haul, you might want to check it out.
https://www.youtube.com/watch?v=A2jx1TlkMBsEnjoy!
Wait you're just attacking bitcoin and saying end it? Can't it be fixed if the community comes up with cures for what ails it?
Bitcoin is not sustainable long term. Rather than sit idly, the community should band together to actively subvert bitcoin mining and aid its decline.
https://bitcointalk.org/index.php?topic=693393.new#newWhy would the community decide to launch a separate coin and keep the original owner stakes of that currency as with bitcoin???!! Do you think poor people will actively decide to stay poor and keep the rich wealthy!!!!???
Of course not. The poor will rise up and take what they can from the rich. This is the way of things. The poor are not some cuckold slaves who want to be dominated by those in power. They will reject it.
Furthermore
Why, when 83 billion bitcoins were created as the result of a hack, did the community decide to keep the numbers of bitcoins distributed as they were?? This is ludicrous!! Bitcoin should have been restarted!!! SATOSHI FAILED!!!
WTH are you talking about?! Are we even talking about the same cryptocurrency? Last time I checked, BTC uses POW, not POS!!!