So you want to claim that Bitcoin is the perfect form of money? What about the security budget problem that will arise within the next seven years? Lightning won’t solve this problem, it actually worsens it when miners aren’t compensated for off-chain transactions. That’s something you cannot ignore. The same counts for Kaspa, but with adoption, the transaction fees can compensate the reduced block rewards because it can scale.
I don’t say Bitcoin is bad. I mean it’s a good store of value. However, the original vision from Satoshi was to create a peer-to-peer electronic cash system. Kaspa actually achieves this with instant transactions and finality within ten seconds without sacrificing decentralization or security.
So please answer this question: are you just a number goes up Bitcoiner or are you a sound money enthusiast who wants a better and fairer money system for the world by overcoming fiat currencies?
What I want to say is that you should also study Kaspa. I don’t mean you should immediately convert all your Bitcoin into Kaspa because I’m sure both will coexist for at least the next years. There are still risks for both. Kaspa needs adoption and the network effect, while Bitcoin needs to find a way to solve the security budget problem to incentivize miners to secure the network long-term.
Bitcoin is the best form of money the planet has ever seen, yes. Not sure it’s perfect but also not sure it needs to be perfect.
“Security budget problem” is my favorite type of FUD!
I am not concerned with a hypothetical problem that does not exist yet. Bitcoin is currently over secured and there are plenty of people that are working to ensure it stays that way. I am confident a fee market will develop by the time the block subsidy diminishes.
Again you guys are either retards or scumbags that are just doing the same old “I like bitcoin but it actually sucks and does not work so buy my shitcoin”
It’s all so tiresome
„I am confident a fee market will develop by the time the block subsidy diminishes.“
It’s just another claim for „I’m not 100% sure if the problem will be solved because I don’t understand PoW systems, but I simply trust some developers because it worked until today.“.
If you want to know how the fee market will work out for both networks, I suggest you to try the following miner revenue simulation tool.
https://cryptoodie.github.io/KASPA-VS.-BITCOIN-MINER-REVENUE-/
He argues out of emotion and not logic. We’re not dealing with an honest individual.
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