I found this an interesting quote -
Hong said a huge Bitcoin problem - although a feature much liked by a niche user population, mainly cybercriminals - is the lack of a mechanism that would allow a transaction to be reversed.
“In the future cybercurrencies will allow this,” said Hong, who indicated that probably rules would be written that specify “the transaction will be reversed if YZY does not happen.”
Automated escrow or multisig already has this addressed to an extent.
I think it's way, way too early to declare a winner yet, though every day Bitcoin spends operational adds to the trust it's earning.
If there is to be a Bitcoin killer it doesn't exist yet and will probably arrive from a very unexpected place.
Topic: [2015-07-16] Money'sEdge-Is It Time to Declare Bitcoin the Cryptocurrency Winner (Read 349 times)
August 11, 2015, 08:22:48 PM
August 11, 2015, 02:17:57 PM
Is It Time to Declare Bitcoin the Cryptocurrency Winner?
http://www.moneysedge.com/newsimage?id=316
This article does possess question in regards to other digital currencies and concerns over its utilization. Some of the quotations were not favorable but it did pose some form of insight.
http://www.moneysedge.com/newsimage?id=316
This article does possess question in regards to other digital currencies and concerns over its utilization. Some of the quotations were not favorable but it did pose some form of insight.
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