Bitcoin is more than 10 years old. That is almost as old as 1st generation iPhones. How much longer do we have to wait to fix these deeply fundamental flaws in the stack?
> It's all part of technological maturation.
An alternative interpretation might be that Bitcoin is fundamentally broken and isn't a useable technology.
A lot of developmental progress in the ecosystem with models/architectures, tools, and infrastructure hasn't happened until recently (past year, give or take).
>For you to center the conversation around those arguments shows you're not very informed on the topic.
The "it's too complicated for you to understand" tact is a tired, overly-used canned response from cryptocurrency evangelists, who seek (intentionally or not) to derail discussions about very real issues.
I've been following Bitcoin for almost its entire life and am probably vastly more informed than most of the shysters who show up on sites like HN to shill their coin.
> A lot of developmental progress in the ecosystem with models/architectures, tools, and infrastructure hasn't happened until recently (past year, give or take).
I've heard this line forever. Lightning network, for example, has been "just around around the corner" since forever. So far, it is still just as "just around the corner" as it was 5 or 6 years ago and ranks among the top all-time vaporware software projects out there.
The attempt to refocus on "The Blockchain" is only done to distract from the fact that Bitcoin, poster child of "The Blockchain" has no lawful use. It doesn't scale, it isn't free, it isn't trustless, it isn't censorship resistant, it isn't a good store of value, it isn't instant and it isn't anonymous. It isn't even deflationary (as if that is a good thing) because it has been forked and cloned thousands of times. Oh yeah, it also requires more energy than small nations to secure. (And don't feed me the line about it being "green energy" or "less than conventional banking"–we both know that is a laugably horseshit argument)
The whole space is a joke. Aside from self-driving cars, Bitcoin will be the biggest overhyped pile of complete nonsense this decade.
The paper was released April 2015. Progress is definitely slower than I'd like, but wanted to correct this claim.
[ Disclaimer: lightning developer and specification guide ]
Who exactly am I cutting out when I'm trading USD-backed currency via a smart contract owned by a company?