Archived Molyneux predicts exactly how Bitcoin would be sabotaged back in 2014 (2 minute video) (hooktube.com)
submitted ago by 7e62ce85
Posted by: 7e62ce85
Posting time: 2.6 years ago on
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Archived on: 8/15/2018 10:00:00 AM
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Archived Molyneux predicts exactly how Bitcoin would be sabotaged back in 2014 (2 minute video) (hooktube.com)
submitted ago by 7e62ce85
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[–] Mylon 0 points 1 point 1 point (+1|-0) ago
Yes, but not through any concerted effort. IT's just a natural consequence of the design of bitcoin. You have to offer a high transfer fee or miners won't bother with the processing power to include your transaction in their work. The design of bitcoin itself is also limited such that only so many transactions can be included. Thus you have a limited quantity (confirmations per block) that users must bid on to claim. This makes it cumbersome to use.
Other cryptocurrencies are designed to change the parameters of these limitations.
[–] 7e62ce85 [S] ago
Wrong: It is publicly known that Blockstream received AXA group investment (related to the Bilderberg group).
[–] Mylon ago
What? There are some natural limitations built into Bitcoin. But it's specific to bitcoin. Other cryptocurrencies can design around more reasonable limits.