Live data from Hacker News

Bitcoin is no long the only game in crypto-currency town

economist.com

11–20 of 96 posts

Re: Bitcoin is no long the only game in crypto-currency town

#11
post #6

Earlier quoted context omitted.

what would be a better measure?

I would consider how many people use them for transactions, if they are supposed to be currencies. Most people look at the price and the market cap because they can tell that the primary use of crypto-currencies is for speculation.

Yeah, maybe we should look at the average daily transaction count and average fee per transaction.

Re: Bitcoin is no long the only game in crypto-currency town

#12
post #2

What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.

The economist's dirty secret is that it's mostly written by a bunch of cheap graduates.

Re: Bitcoin is no long the only game in crypto-currency town

#14
post #2

What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.

The whole native English-speaking world is heading this way, things like singular vs plural and even past tense are going the way of the dinosaur (and that's without getting into subtler things like much vs many).

Interestingly, one of the first things I noticed in Germany is that almost everyone speaks and writes better English than people from the UK and US.

Re: Bitcoin is no long the only game in crypto-currency town

#15
post #9

Bitcoin 10 minute block generation times is an inherent problem that unless changed, will doom the protocol to its eventual death. It's like trying to make a 56k modem work, when broadband is available. When litecoin came around a few years ago these were abstract problems, but now that transactions with $10 fees take 36 hours to confirm... the issues are real and a switch needs to happen. Lightning network or not, t…

That problem isn't a result of the 10 minute blocks. A 0-confirmation transaction normally is just fine. These are available on Bitcoin Cash.

I honestly don't know a ton about cryptocurrencies, but I though confirmed transactions were.....more or less whole point? can you give me an ELI5 version of why 0-confirmation transactions are ok?

Re: Bitcoin is no long the only game in crypto-currency town

#16
post #2

What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.

In case the error gets fixed, will you guys clarify what you are referring to?

Do you want it to say "crypto-currency game in town" instead of "game in crypto-currency town"?

Re: Bitcoin is no long the only game in crypto-currency town

#17
post #9

Bitcoin 10 minute block generation times is an inherent problem that unless changed, will doom the protocol to its eventual death. It's like trying to make a 56k modem work, when broadband is available. When litecoin came around a few years ago these were abstract problems, but now that transactions with $10 fees take 36 hours to confirm... the issues are real and a switch needs to happen. Lightning network or not, t…

That problem isn't a result of the 10 minute blocks. A 0-confirmation transaction normally is just fine. These are available on Bitcoin Cash.

A 0-confirmation transaction normally is just fine.

It's really not fine at all.

The competition is full confirmation transactions on a debit card or bank account in seconds with much lower or zero fees.

Re: Bitcoin is no long the only game in crypto-currency town

#18
post #2

What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.

In case the error gets fixed, will you guys clarify what you are referring to? Do you want it to say "crypto-currency game in town" instead of "game in crypto-currency town"?

title: "Bitcoin is no long the only game in crypto-currency town"

Re: Bitcoin is no long the only game in crypto-currency town

#19
post #5

I wish people would stop using market cap as if it was meaningful for cryptocurrencies. A lot of these coins are traded at low volumes on unregulated exchanges that allow wash trading and other means of manipulating prices. Even were that not the case and they had meaningful price discovery mechanisms 'market cap' would be a meaningless metric because if someone were to buy all the coins, they'd have destroyed the va…

There needs to be some way of determining the relative size and scale of these projects. Market cap is useful, but it needs to be normalized given the various different distribution models. So something like fully diluted market cap, or market cap using today's prices and the 2025 supply.

Re: Bitcoin is no long the only game in crypto-currency town

#20
post #2

What the hell is up with economist.com proofreading. A grammatical or spelling error in the article title is a red flag to me that screams "I'm a piece of garbage, don't read me". Time to reestablish quality over quantity.

In case the error gets fixed, will you guys clarify what you are referring to? Do you want it to say "crypto-currency game in town" instead of "game in crypto-currency town"?

"no long" -> "no longer"
Post reply on HN