Re:What does HN think about Bitcoin and other cryptocurrencies?
by tromp on Saturday April 30, 2022 @01:33PM
(#31217626)
It's not. Bitcoin was supposed to have a capped and fully auditable supply, to take 4 years to emit half the supply (Monero emitted 40% in the first year alone), to have a simple and instantly verifiable PoW, to have a UTXO set that's a small fraction of all TXOs (crucial for scalability), and to be scriptable, just to name a few.
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Re:What does HN think about Bitcoin and other cryptocurrencies?
by randomhodler84 on Saturday April 30, 2022 @01:46PM
(#31217748)
Agree. But I would add It’s a critical tech, and a checkpoint in current and future constructions like Grin and MW.
I wouldn’t store my wealth in it; but it is extremely useful tech that will not disappear — it’s experimentation with social and economic models on hashing as you have done with CC, for which the world has not fully appreciated yet!