As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

Smash cut to a barren wasteland with no one and nothing left. Maybe cryptocurrency has a bright future, but I’m skeptical that any of the extent ones fit that bill. PoW is obscene, Lightning impractical, and it may just be that the whole thing is fatally flawed.

Re: As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

#7

Post by agorabinary » Tue, Feb 06, 2018, 4:13 AM UTC

Surely a lot of frauds but where are the flaws?

Instead we have:

- Open source flexibility: Hundreds of competing coins seeking to optimize upon an original design

- A decentralized payment system: Beyond the reach of currency-manipulating state actors

- Programmable money: The key ingredient for trustless and automated next-gen services and products

- Working as designed: 9 years strong

- And soon: Scalability to global volumes

https://twitter.com/bramcohen/status/959973688035631105

Re: As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

#8

Post by [deleted] » Tue, Feb 06, 2018, 4:15 AM UTC

[deleted]

Re: As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

#9

Post by agorabinary » Tue, Feb 06, 2018, 4:15 AM UTC

IntronExon wrote: post #6

gaetanrickter wrote: post #5

Good and hopefully they'll be cleaned out so we can have decent investments in quality cryptocurrency startups.

Smash cut to a barren wasteland with no one and nothing left. Maybe cryptocurrency has a bright future, but I’m skeptical that any of the extent ones fit that bill. PoW is obscene, Lightning impractical, and it may just be that the whole thing is fatally flawed.

How is Lightning impractical? I encourage you to try it out on testnet right now, it works great. It also solves your PoW concerns.

Re: As Bitcoin Bubble Loses Air, Frauds and Flaws Rise to Surface

#10

Post by IntronExon » Tue, Feb 06, 2018, 4:19 AM UTC

agorabinary wrote: post #9

IntronExon wrote: post #6

Earlier quoted context omitted.

Smash cut to a barren wasteland with no one and nothing left. Maybe cryptocurrency has a bright future, but I’m skeptical that any of the extent ones fit that bill. PoW is obscene, Lightning impractical, and it may just be that the whole thing is fatally flawed.

How is Lightning impractical? I encourage you to try it out on testnet right now, it works great. It also solves your PoW concerns.

...By requiring you to keep your computer up 24/7, no?