You are viewing a single comment's thread from:

RE: Bitcoin is the Anchor and Focus, Every Other Coin That's Better Doesn't Really Matter

in #bitcoin7 years ago

Hmm, it being more simple making it more secure? That might have some weight... hehe. But why does something being more simple make it more secure, if the complex thing is just as secure?

Sort:  

I'm not sure. Andreas says it so it has to be true, right? 😛

I like that talk, if you're interested. He analogs Bitcoin and Ethereum to a shark and a lion, each king's of their respective domain, no "better" or worse in general.

And one thing he mentions (if I recall correctly) is that a tradeoff to Ethereum being designed as it is is that it won't be as secure.

I think it's always like a range of likelihood, right? Like we don't know absolutely 100% that Bitcoin is secure. We just know it hasn't been broken yet, and it approaches 100% the longer it goes. So it could be like it's just harder to put confidence in the idea that Ethereum is secure... so if it's like 99.99% vs 99.31%, the 99.99% seems substantially better and where the money should go, even if the other one is most likely not critically flawed.