https://medium.com/@danhedl/bitcoins-security-is-fine-93391d9b61a8
Some notable quotes;
Regarding altcoin/forks;
Less valuable blockchains with the same security model of their more expensive counterparts will become less and less used as the gap in security grows. Sidechains, layer 2 systems, etc. will make the ‘differentiating features’ of alternate chains less and less relevant.” — Alex Sunnarborg
Regarding the "fee event" of late 2017;
The sudden multiplication of altcoins and ICOs during the last bull run was a race to mimic the wealth creation that happened in Bitcoin. It was not millions of people suddenly using blockchains to transfer money around the world and seeking to minimize those fees. In other words, the coincidence of altcoin and ICO proliferation with the 2017 crypto bubble was a generalized gold rush (we were all trying to find gold/SoV) but not a rational pricing dynamic and arbitrage of block space through transaction fees.” — Donald McIntyre
Honestly one of the best Bitcoin-related articles I've read in a long time.
[link] [comments]
from Bitcoin - The Internet of Money https://ift.tt/39nWk2J
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