Marco Troglia
Aug 23, 2017 · 1 min read

David, you’re right; it doesn’t make any sense to generate an altcoin when bitcoin is working perfectly; some more issues:

  • security: my private key is known to the Estonian government; this means that all my asset are not secure; a private key must be generated personally by the user; the procedure in bitcoin is very effective on this;
  • blockchain: using the current digital signature makes blockchain useless
  • ethereum: what about the problems on Proof of Stake, still not resolved?
  • hashing efficiency: by adding new altcoin, the total hashing power is reduced
  • issuing est-coins means printing money; what about the European central Bank and the inflation control?

In short, let’s use bitcoin more and more, maybe creating side chains to improve speed and reduce transaction fees, which are increasing day by day.

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    Marco Troglia

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