Better to stay away from Bitcoin

Re:Better to stay away from Bitcoin by airbreather on Friday December 22, 2017 @11:24AM (#15988576)

Too many inaccuracies in this article to be believable.

Yes, POW is a problem but reading this article I doubt the author ever designed mining hardware, description of sha256 is wrong for one, whole thing smells.

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Re:Better to stay away from Bitcoin by read_only on Friday December 22, 2017 @11:38AM (#15988712)

I'm pretty sure the author understands sha256: https://scholar.google.com/citations?user=pd-IjLcAAAAJ

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Re:Better to stay away from Bitcoin by airbreather on Friday December 22, 2017 @08:15PM (#15992296)

Fair call, seems he just was a bit abridged in his simplification.

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Re:Better to stay away from Bitcoin by mrunkel on Friday December 22, 2017 @12:16PM (#15989082)

Shh. airbreather has money in bitcoin. Don't confuse him/her with facts. :)

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Re:Better to stay away from Bitcoin by airbreather on Friday December 22, 2017 @08:08PM (#15992268)

Actually I am betting against bitcoin as I only hold alts, and I only hold small amounts of POW coins because I believe the concept is not sustainable and the fixed block solve time brings certain kinds of scalability issues.

I like the look of Universa currently to try and address a lot of the POW issues and also the hard fork and Kitties type problems from full decentralisation.

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