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.
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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.
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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..
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Replying to @vega113t @PublicSphere2 and
Compare soviet system to modern mixed economy. You think you can centrally tell everyone what prices they should take? Good luck bb
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Replying to @Ahimsa_Satya_ @PublicSphere2 and
You mistake robustness for efficiency. The Soviet Union achieved very fast economic development and became Super Power after a devastating war. All these thanks to centralized planning which is very efficient, but also very fragile. This is the tradeoff.
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For sure centralization makes certain systems more efficient, not arguing that isn’t true. Just arguing that survival is more efficient in the long run because our desired result is survival not speed.
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