How to invest in Bitcoin properly. Blockchain and other cryptocurrencies
Alexandr Nellson
87139

Blockchain technology itself is most hyped technology because it’s faulty at its core.

IMHO both Bitcoin and ETH/ETC are doomed to fail in the long run as they suffer from following fatal design flaws that stem from Blockchain 
technology itself:

The blockchain distributed ledger pioneered by Bitcoin is effective at preventing double-spending, but inherently attracts (1) user cartels in the form of mining monopolies and (2) incompressible delays, as a result of linear verification and a winner-takes-all incentive lottery.

Now we propose to forgo the “blocks” and “chain” entirely, and build a truly distributed ledger system based on a lean graph of cross-verifying transactions, which now become the main and only objects in the system.
Our new cryptocurrency codenamed “Substar” under active development will be the world’s first unchained (Blockchain-free) decentralized cryptocurrency capable of hyperfast validation (< 1sec) and built-in resistance to 51% and 33% attack vectors that plague all contemporary decentralized cryptocurrencies e.g. Bitcoin and Ethereum. Unlike Bitcoin and Ethereum, Substar will not be constrained by hardwired extremely slow validation of transactions.

You may view our story here: https://medium.com/@sebrebel2070/humanitys-post-catastrophic-backup-system-a-blockchain-free-decentralized-cryptocurrency-and-a-35817be116dd

If the above link does not work you may click here: https://disqus.com/home/channel/scifi/discussion/channel-scifi/humanitys_post_catastrophic_backup_system_a_blockchain_free_decentralized_cryptocurrency_and_a_hyper/

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