The Creator of Proof-of-Stake does not believe in the superiority of Bitcoin

At the conference The Capital, which was recently held in Singapore, was made by Sunny king. This is the man that created the algorithm Proof-of-Stake. Recall that PoS is relative to will soon appear in the Ethereum, it is already implemented in several altonah.

King talked about a number of topics, but most of the time he has given to the issue of domination of the Bitcoin market. It turns out that king does not understand Bitcoin-the maximalists and is committed to implementing new ideas in block chain altcoins.

Bitcoin is not as cool as it looks

According to the developer, the prospects for major cryptocurrencies are pretty vague in the long term.

In the long term, Bitcoin may not be able to dominate in the industry. The fact that we need more than just a currency. It will be a economy and there are so many places for all kinds of blockchain. For a healthy and prosperous economy base currency (in this case BTC) is important but only a small part of it.

Source: 2Биткоина

King continues.

Let’s see whether the Bitcoin to support the mining market due to the transaction fees. But even if this happens, there are fears that the attack 51 percent ultimately will affect the cryptocurrency. Well, if it happens with Bitcoin, it doesn’t Bode well for its long-term dominance.

The founder of the Distributed Lab Pavel Kravchenko supported an unpopular point of view — he believes that because of institucionales the price of Bitcoin falls to the ground. Your thoughts Kravchenko shared at the conference BlockShow.

Bitcoin is the world’s first money, resistant censuree. I do not believe that the adoption of cryptocurrencies will be institucionales. If everything really happens in such a scenario, the Bitcoin will lose resistance to centralization. When it no longer has this feature, its price will collapse to zero.

Yes, this view is not really popular among cryptoendoliths. All because of the great importance of Bitcoin industry. If his price really is seriously reduced, with high probability it’s more likely to suffer altcoins. Accordingly, the gains from this will not be anyone.

Source: 2Биткоина

In addition, analysts openly questioned the prospects of most coins. For example, according to Willie Woo, 99 percent of crypto-currencies are not liquid. Accordingly, it is impossible to sell a large lot of these coins and do not crash the market. But if the market collapses, the profits from the sale will be a little. Accordingly, hadlich representatives of such projects and invest in them makes no sense, because to make them unlikely to succeed. Read more this topic is analyzed in this article.

Even more interesting are looking for in our cryptodata millionaires. And check in Yandex Zen — there are items that are not on the website.

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