The biggest point of Bitcoin is still held to Nassim's "Lindy effect". It's simply too early. It will most likely be replaced with another technology.
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Replying to @paulportesi @nntaleb
Good technologies replace much more fragile technologies of the past. Some of the crypto hype is neomania but the initial conception was to destroy the fragile central banking and soviet-Harvard illusions of collective control.
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Bitcoin *is* the best. Don't believe what the proponents of all the other altcoins tell you. Their "better" features come with significant, prohibitive trade-offs. For years many have tried to do a better crypto-currency. We still know no better way.
3 replies 0 retweets 9 likes -
Replying to @PublicSphere2 @herzmeisterderw and
Both very promising. Not sure about them as a use currency like bitcoin but could fulfill other just as promising niches from the way I currently understand them (low).
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Replying to @Ahimsa_Satya_ @PublicSphere2 and
Both are more or less scams. They made promises that cannot be fulfilled. Especially Iota.
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Replying to @PublicSphere2 @Ahimsa_Satya_ and
Decentralization is the opposite of efficiency. By definition, a decentralized application is less efficient than a centralized one, thus cannot compete. Sorry. The only justification for decentralization is censorship resistance.
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Replying to @vega113t @PublicSphere2 and
Certainly not true. You do not understand complex systems.
1 reply 0 retweets 1 like -
Replying to @Ahimsa_Satya_ @PublicSphere2 and
Ok, go ahead and give some examples where a decentralized system is more efficient than a centralized one. Efficient - in the sense uses less energy, cheaper to produce etc..
3 replies 0 retweets 0 likes
Evolution.
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