Are Bitcoiners Their Own Worst Enemy?
Tim Swanson, one of the preeminent talking heads on Bitcoin, appeared on the deBitcoin video podcast recently and talked about mining among other things. He pointed out that only irrational people will try to solo mine anymore: "It's rational to pool, because it lowers the risk, lowers the variance. That's something that won't be removed anytime soon." "I Was Pretty Bullish a Couple of Years Ago". Swanson says that he is sometimes cast as a bad guy in the minds of Bitcoiners, but he didn't always have negative or pseudo-negative views of Bitcoin. He says that last year's major gains in....
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Bitcoin is too slow when compared to Ethereum and other proof-of-stake networks, argued Cardano founder, Charles Hoskinson. IOHK CEO and Ethereum co-founder, Charles Hoskinson, has argued that Bitcoin sits at a significant competitive disadvantage due to its slow speeds and will be usurped by proof-of-stake networks. In a five-hour Podcast with computer scientist and AI researcher, Lex Fridman, the Cardano founder argued that proof-of-stake networks offering superior speed and functionality over the original cryptocurrency, stating:“The problem with Bitcoin is that it is so slow — it's....
If Bitcoiners truly strive for permissionless freedom, they should run their own hardware free from centralized third parties. The post Bitcoiners Run Hardware appeared first on Bitcoin Magazine.
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