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2 points

Well it’s been over a decade and Bitcoin is still PoW, as well as nearly 50% of the entire crypto market.

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3 points

Ok… that doesn’t make what they said any less true?

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6 points
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My point is how great can it be if over a decade later the terrible system for mining is still dominant? The more people participating, the worse it gets. We just had texas power companies paying crypto bros to stop mining it’s gotten so bad - and we aren’t even at .01% adoption yet.

You’re chiming in in a way that ignores nuance and implied meaning. I feel like my intention has been pretty clear but if I need to spell it out so be it.

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1 point

That’s more a question of being first on the scene and the financial impact if Bitcoin maximalists finally accepted that their blockchain is crap compared to other options, that’s what keeps Bitcoin at the top, not how good or bad it is compared to the tech’s potential…

And no your intention wasn’t very clear otherwise I wouldn’t have had to reply how I did previously.

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0 points

Bitcoin is more religion and cult than anything. Of course they think it’s great or at least able to hand wave criticisms.

And yeah, consensus is a hard problem to solve for. Many have taken the route of least resistance and implemented what is known to work.

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Memes

!memes@lemmy.ml

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