Senatus’s Newsletter • 78 implied HN points • 21 Jul 23
- A perfect cryptocurrency needs to have uncensorability, certainty of supply, and transferability as a store of value.
- Bitcoin faces challenges with decreasing security spend and centralization of hashrate, impacting its resilience to attacks.
- Issues in Bitcoin such as affordability, speed, and scalability make it less efficient as a medium of exchange, while alternative cryptocurrencies offer better solutions.