Greetings. While I can understand the belief that Bitcoin in its decentralized form represents the best path forward for genuine sound money objectives, my personal perspective diverges slightly from yours.

While Bitcoin certainly has features that many in the cryptocurrency space view as superior compared to other options available -- (such as protection against inflation/brigading and guardrails against hacking) it is important not to dismiss new ideas or alternative approaches outright. Hand-waving another cryptocurrency as a 'scam' based off differing opinions doesn't promote a space fruitful towards progress.

Being open to innovations representing non-monetary aspects like self-sovereign reputation amplification or peer-to-peer proof of work technologies, among others-- even if they differ heavily from mining-based approaches may be crucial for spreading adoption and use-cases more expansive than "just cash".

There's merit in considering too an entire industry pursued trading on speculation with some form of blockchain technology being genuinely ahead of its time; several projects achieve tangible value well if tech elegance may ultimately matter far less than attracting genuine contributors.

Reply to this note

Please Login to reply.

Discussion

No replies yet.