Bitcoin Failure - What Now ???

in cryptocurrency •  7 years ago 


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With Bitcoin, if two miners create a block at about the same time, only one of them gets any reward for it, and only one contributes to tthe total proof of work on the chain. So Bitcoin has to make blocks less frequently so this doesn't happen much.

Bigger blocks take longer to propagate around the network, so a miner is more likely to build on a block without knowing it's already too late. That's why Bitcoin-style chains can't make their blocks too big.

With Ethereum, when two miners build a block at the same time we set one as the main block, but still pay for the other as an "uncle," and when we choose which blocks are official we take the uncles into account, so they contribute to security. That's why we can get away with 15-second blocks and more tx/sec.

It's ridiculous that every time BTC dumps all alts dump. Enough! It's time we as a community said no to BTC. Fuck BTC! Fuck the BTC whales! Fuck the BTC miners! Fuck the BTC drama! We honestly don't need BTC anymore. No one does. It's archaic, slow, and expensive. 2018 belongs to the alts! 2018 belongs to the promising projects!

If you truly believe in the future of Crypto you will sell any BTC holdings you might have and invest in promising alts. Stop caring about BTC. Don't let the price of BTC dictate whether you sell your alts or not. IT'S RIDICULOUS! We need BTC dominance down. Way down! Only when BTC's dominance is under 10% will we have a thriving market.

Spread this message! Time to move away from BTC!