Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

>It has better scalability if you don't care about decentralisation whatsoever

That is not true by any meaningful use of the word "decentralization". The LN system is markedly worse: https://www.youtube.com/watch?v=sbD0kiTddEs

>If you're a sockpuppet then nobody is buying it sorry, your coin is dead.

If you are concerned about sock-puppet shills, don't be: I have never owned BCH, BTC or any other bitcoin variant and I will attest to the parent comment's arguments. As a bitcoin outsider, it's pretty clear to me that the path BTC took has irreversibly doomed cryptocurrency. If you are a bitcoiner, your coin is dead also.

Bitcoin is the bigger scam. The problem with bitcoiners not taking the BCH/XT fork isn't that the block sizes aren't large enough. It's that the remaining bitcoin community is dedicated to never make a hard fork again. This is not sustainable in the long-run.

Good cryptocurrencies (like cryptonote, zerocoin, etc.) regularly agree on reasonable compromises to improve the security and efficiency of the network (including changes in block size, etc.). With BTC, reasonable discussion has gone out of the window. It completely defies satoshi's original intention. Your community is no longer a good steward of the network. You are just bagholders trying to protect your investements.



> Good cryptocurrencies (like cryptonote, zerocoin, etc.)

Ah, you've got shitcoins to hawk.


Those are protocols, not necessarily cryptocurrencies[0][1]. They were originally designed as improvements to the bitcoin network, but that never came into fruition due to stubborn bitcoiners like you who refuse to improve the network.

The Cryptonote[2] and Zerocoin[3] whitepapers were published back in 2013/2014 and made some pretty important security improvements to the bitcoin network. I suggest giving them a read. Many of the systems that were once designed for Bitcoin, such as P2Pool now work on projects like cryptonote[4]. We have also designed a proof-of-work system that is completely CPU-bound (you can mine it on your home computer as satoshi intended)[5].

Also, the cryptonote/zerocoin-derived cryptocurrencies are hardly shitcoins seeing as they have effectively displaced Bitcoin's original use-case as of this year.

[0] https://en.bitcoin.it/wiki/CryptoNote

[1] https://en.wikipedia.org/wiki/Zerocoin_protocol

[2] https://web.archive.org/web/20190214045623/https://cryptonot...

[3] https://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf

[4] https://github.com/SChernykh/p2pool

[5] https://github.com/tevador/RandomX




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: