I never paid much attention to bitcoin but it keeps hitting the headlines. What's your thoughts anons? Is the technology sound?
Also, just did a quick google and found out there are >1000 different coins LOL. If bitcoin works, what the other 1000 coins do
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>never paid much attention to bitcoin
>posts on Jow Forums
KEK
Go back to your containment board faggot
what's wrong?
no need for insults. Just went to Jow Forums and it looks like a zoo and they all seem to be crazy about their coins, I thought here I would get more objective opinions.
The 1000+ other coins are reflections of bitcoins value. If btc has a breakout, up or down you'll see the same pattern in the alts.
Do you invest in them, if yes, which ones? Are they all there to take the throne off bitcoin
The idea behind cryptocurrences is a sound idea but it cant scale, the amount of power use by Bitcoin itself is already at a level of a small country and it hasnt even started to get mainstream adoption. There is no way to avoid this amount of power use because the whole point of it being unhackable is that there is no way for hackers to match the amount of computing power it takes to validate blocks. If they ever invent some kind of protocol that is as safe then it might work. All the piggyback protocols that try to use proof-of-stake are just poor excuses to try to keep this idea alive.
dude if you don't know what crypto to buy right now thats on you. personally i pick the projects with the best tech and i've never been wrong. i'm a millionaire thats posts on Jow Forums. ONE OF US, ONE OF US.
>the amount of power use by Bitcoin itself is already at a level of a small country and it hasnt even started to get mainstream adoption
what if the power can be obtained rather cheaply? And the cost, even if high, can still be acceptable when compared to a fraction of banks operating costs, right?
>All the piggyback protocols that try to use proof-of-stake are just poor excuses to try to keep this idea alive.
Thanks, I'll look into these terms. I wonder though if there are other sound applications of cryptography/blockchain among the current projects?