Quote:
Originally Posted by ak-71
Very good point, Russia is a good example that anyone can come up with his own implementation of a blockchain, you've just made my point that unless Bitcoin just gets commonly accepted as a standard many are set on using and then survives the competition with other infinite versions of cryptocurrencies it can become extinct as so many other trial versions of new technologies, only faster.
PS. I am actually surprised that seismic companies and others with massive computing power are not mining something on a side with their core business being in a slowdown, not hard for them to get out if it goes down, no additional costs
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Completely agree regarding bitcoin, it's slow, expensive to use, biggest advantage right now is being first.