Re:Bill Gates Says that Bitcoin is bad For the Planet
by matheusmoreira on Monday March 08, 2021 @01:34PM
(#26389614)
Yeah, I think bitcoin has been completely surpassed technologically speaking. Monero in particular solved almost all of bitcoin's problems yet still can't compete with it in popularity.
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Re:Bill Gates Says that Bitcoin is bad For the Planet
by Covzire on Monday March 08, 2021 @01:55PM
(#26389918)
Isn't litecoin also better than bitcoin on the technical side, with very few changes?
I think Monero failed at the name. Bitcoin's name is self defining to some degree which I think helped make it gain a lot of popularity. It's also impersonal, bits and coins, there's no real branding there to get twisted up with. When people first hear "bitcoin" they already have constructs in their head about bits and coins and it elicits free advertisement as the imagination tries to create a working theory on what a bitcoin is.
Monero makes me think of some kind of failed sports car nobody has ever heard of. I'm not counting it out, but if it's really better on the technical side then it needs some prominent evangelists spreading its use.
Re:Bill Gates Says that Bitcoin is bad For the Planet
by BTCOG on Monday March 08, 2021 @02:42PM
(#26390520)
Litecoin is literally a fork of Bitcoin with the hashing algo switched to Scrypt and made by Charlie Lee (which was hardened against ASICs mining) with a 4x supply release, and which ironically became mined primarily by custom Scrypt ASICs only. Whatever in the world would make you say "Isn't Litecoin better than Bitcoin?"
Re:Bill Gates Says that Bitcoin is bad For the Planet
by Covzire on Monday March 08, 2021 @03:36PM
(#26391165)
One of the purposes for it was to allow faster and cheaper transactions which it arguably does.
Re:Bill Gates Says that Bitcoin is bad For the Planet
by BTCOG on Monday March 08, 2021 @02:37PM
(#26390469)
XMR has the Bitcoin core devs developing for it and it has nothing technologically "surpassing" Bitcoin. Bulletproofs for Monero were written by GMaxwell. Do all people on HackerNews outside of my own bubble also constantly speak about things from a position like they know things when they clearly know nothing of the subject matter?
Re:Bill Gates Says that Bitcoin is bad For the Planet
by qertoip on Monday March 08, 2021 @02:53PM
(#26390648)
XMR is great but no, it does not have Bitcoin core devs developing for it. And no, nullc did not implement bulletproofs for Monero. Maybe you meant nullc designed confidential transactions. A modified variant of CT was then implemented independently in Monero by Monero devs.
Re:Bill Gates Says that Bitcoin is bad For the Planet
by BTCOG on Monday March 08, 2021 @03:31PM
(#26391104)
I must admit to not following recent XMR development much the last couple years and last recall after Maxwell wrote bulletproofs that it was intended to be implemented. I did check and see that it had been re-written and implemented by another in a different custom-tailored way. I do pay the XMR guys respect for doing their thing and branching their way. No disrespect, I should have generally said that the Bitcoin core devs have paved work for them. No, I did not mean core devs are writing all XMR code.