Re:Ethereum: Rise of the World Computer
by vertex-four on Friday February 26, 2016 @09:15AM
(#11181425)
How do I continue using Bitcoin as a transactional currency if I can't perform transactions with it?
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Re:Ethereum: Rise of the World Computer
by tommorris on Friday February 26, 2016 @12:54PM
(#11182822)
I believe the current answer to that is to make vague promises about how the vapourware known as the Lightning Network will solve all the problems.
Re:Ethereum: Rise of the World Computer
by vonklaus on Friday February 26, 2016 @09:45AM
(#11181597)
well, you couldn't. Peter Todd is a btc dev and provided a lot of thinking on the tradeoffs. He stated in an interview (fairly confident in this) a 100x improvement in speed and is in favour of not increasing block size. Should check it out, the intetview was on a podcast on the LTB network on itunes.
So you will be able to. He has done a lot of thinking around tree chains and scaling and optimiztion.
Btc is limited inamount of coins and came first, its value is as a currency.
Eth is the first popular blockchaindb. Coins are needed to pay miners and powet dapps.
If a currency cant be traded it idnt worth anything, however sidechains seem to provide a way to convert from one to another