Nick Szabo  🔑

Thanks Nick.BTC has undeniably the first mover advantage and the strongest community, not sure it is the best technology, because technology evolves faster than adoption of the new money paradigm. BTC has many issues that only believers and speculative observers can overlook.

They're generally far from being overlooked by Bitcoin developers. The vast majority of these issues are just altcoin marketing points for which the coin doesn't have a solution that doesn't make some more important aspect, usually trust minimization, far worse.

TPS, energy consumption , degrading exponentially with adoption are hard to fix, as is the ASIC exploitability. Distribution inequality is not a technical issue, neither is oligopolistic coltrol over the mining. Altcoins are not silver bullets either, but help to progress faster.

Alts don’t help at all. It’s a masquerade of technicalities. You can’t fake hardness, costliness, or salebility. Take those away and you get fiat and game credits aka tokens. We have a long history of what has worked. None of what you mention meets that. Sorry.

Beliefs, that was my initial point, thanks for confirming the thesis.

Miners don't control Bitcoin consensus.