Jump to content

BTC was an experiment and XRP IS the product from it. BTC has to end


Recommended Posts

BTC mining will consume more electricity then electricity used in our daily life by 2020.

here is the link: https://powercompare.co.uk/bitcoin/.

 

tbh Bitcoin was an experiment  by government which became successful. but now time has come for this to end. in my personal opinion BTC  wll die from now on slowly as its no longer needed.

XRP is all we need as its the future payments and micro-payments (for many more other reason BTC can no longer survive).

Link to post
Share on other sites

Permissionless crypto networks are fundamentally flawed because they are inherently vulnerable to attack because there is no security feature there to keep bad participants from contributing to the validation process once they have tried to pass bad transactions, so they don't have the same security guarantees as permissioned networks like xrp and xlm since all participants in permissionless networks are treated equally regardless if they're honest or not or have tried to cheat or not. 

Once you cheat and you get blocked from or limited in participating in the validation process, the network is no longer permissionless. ;)

Like communism lol,  permissionless networks might seem nice conceptually , but are actually fundamentally flawed in practice.

I think it's setlled long-term already.   XRP, XLM, and other permissioned networks will kick @ss, and the permissionless networks will tend to fall by the wayside.

Edited by enrique11
Link to post
Share on other sites
1 hour ago, enrique11 said:

Permissionless crypto networks are fundamentally flawed because they are inherently vulnerable to attack because there is no security feature there to keep bad participants from contributing to the validation process once they have tried to pass bad transactions, so they don't have the same security guarantees as permissioned networks like xrp and xlm since all participants in permissionless networks are treated equally regardless if they're honest or not or have tried to cheat or not. 

Once you cheat and you get blocked from or limited in participating in the validation process, the network is no longer permissionless. ;)

Like communism lol,  permissionless networks might seem nice conceptually , but are actually fundamentally flawed in practice.

I think it's setlled long-term already.   XRP, XLM, and other permissioned networks will kick @ss, and the permissionless networks will tend to fall by the wayside.

XRP is not a permissioned network. Ripplenet is a permissioned network.

Link to post
Share on other sites
3 minutes ago, ImTheRippler said:

XRP is not a permissioned network. Ripplenet is a permissioned network.

Exactly. The whole (absolutely brilliant) idea is to build permissioned networks on top of a politically neutral and unpermissioned base layer. Exactly how the Internet was built, and came to flourish.

Link to post
Share on other sites
52 minutes ago, Spartaksus said:

So in 6 months mining wont be profitable if BTC keep current price. Bye bye BTC.

I wouldn't call the fight just yet, BTC block difficulty adjusts with the overall hashrate, its why you can't just throw tons of compute resources at it and mine all 22 some million coins today. So the market for mining will regulate it self along side the price, if its un profitable people will switch off their rigs until hash rate cost and spot price reach equilibrium.

BTCs has two problems that are much bigger.

1. The governance model is terrible and BTC will be left behind any project with a unified team / company working towards a common vision.

2. Over 50% of BTC hashrate is in China, China is such a hot button issue for many Western corporations. There are many documented cases of Chinese intelligence agencies placing implants in visiting executives laptops, grabbing phones from air port security bins and cloning / decrypting the, and a slew of other intellectual property and corporate espionage incidents. US Corps have enough concern over this that they send their employees with "burner" phones and laptops just for their Asia trips, its literally cheaper to replace a 500$ laptop than it is to pay a infosec person to attempt to sanitize it, and there is no guarantee it is clean, so it gets crushed. The point being, business won't be adopting BTC in any meaningful way any time soon.

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.