1 Level
5 Review
9 Karma
Review on Bitcoin by Nathanael Ries
If you believe in the vision of the cyberpunks who created decentralized…
If you believe in the vision of the cyberpunks who created decentralized cryptocurrency, there are much better alternatives now such as BitcoinCash, Monero, Ethereum, and a few others.
Pros
- Bitcoin was my favorite cryptocurrency, until it got taken over by big banks and government. The real bitcoin blockchain as defined by Satoshi's white paper is the one with the longest chain which is not offloading transactions to centralized layers (Such as centralized Lightning Network). By this definition, the BitcoinCash chain is now the longest, and by definition of Satoshi's whitepaper the chain that originates from his "Genesis Block" and becomes the longest chain also becomes the "definitive" bitcoin.
Cons
- Narrative is controlled, forums are censored, development has been influenced and has become corrupt by big banks and governments. They outright lie and pretend that Satoshi's plan to increase block size to 32MB never existed.
