This is what makes me lose faith in what seems an interesting model.
The most painless system moves fastest.
The fastest system becomes widespread.
You're arguing about functional advantage when memetic advantage is the topic.
Bitcoin is the hare. Measuring its success by volatile speculation is like trying to measure the event horizon of a black hole.
Details versus big picture again.
Bitcoin is incredibly much less useful than it appears to be. If the Cyprus event had been ongoing while Decrits was at a reasonable level of popularity, there would be no turning back. Bitcoin failed at an amazing opportunity. Again.
That's not bitcoin's fault. That's failing to build the infrastructure for the fallout. You're trying to force infrastructure on a population that can't even comprehend why Cyprus happened. Lack of education is the culprit not lack of design.
If the monetary systems of the world are really heading, or are already at, where we all think they are, then the value of Decrits will vastly outweigh the value of bitcoin. Bitcoin will only be valuable to those that hold bitcoins. And that value won't be much, because everyone and their monkey's uncle is encouraged to create a clone to hope that the same effect happens, even if on a lesser scale. It can be gussied up with a tweak, but it's still the same old shit.
Bitcoin and even JunkCoin can deal with it. The HUMAN infrastructure is missing. And making it a formal feature of your system will not make it materialize. Design cannot compensate for lack of dedication.
There is little incentive to create a Decrits clone. And the currency will quickly diminish the fears of businesses looking to accept it. The fears of bitcoin only increase as bitcoin is more well-understood.
There is always incentive, both for innovators and thieves.
Yes, it's unfortunate that businesses trade from BTC to fiat immediately.
But it also makes the new and old BTC using customers able to live their fantasy long enough for it to become a reality.
I think you mean, "live their fantasy long enough until they are left holding the bag." Bitcoin's scheme is not in anyway sustainable. It will not make the world a richer place, and it will not reach any of its lofty promises, especially not when there is a competitor like Decrits. It doesn't have to be
Decrits, but it will exist, and bitcoin will fall to it.
Decrits is not a competitor. It's a snapshot of a system that is obsessed with one problem. Decrits will fall when the problem evaporates because it will then require unnecessary features to be maintained just for its own sake. It's an awesome fast nuclear submarine which will be decommissioned when the war is over. It's not that it's a bad system, but you could have done better with separate components and a framework to make them work together. Bitcoin has already failed because it only values high price and currency trade and even the businesses around it with some exceptions are just conversions.
Noone holds bitcoins because the feel they have value, but because someone else might want them more. The whole point of altcoins is the HUMAN failure at the center of the currencies not the design.
I find it funny how the detail oriented folks like yourself seem to miss the bigger picture by a mile.
I could quite easily say the same of you.
The old detail vs model debate. Didn't mean to insult here, just noticing a tendency.