Recent article on NASDAQ - a question

This recent op-ed on NASDAQ had an argument that basically said that Bitcoin was so far ahead in mining power that other chains had no chance of catching up: http://www.nasdaq.com/article/is-a-blockchain-without-bitcoin-possible-or-practical-cm482964

How valid is this argument within the context of Ethereum scaling up from zero to being a substantial network?

Comments

  • jpritikinjpritikin Member Posts: 29
    Not very valid. Bitcoin uses proof of work which is resource wasteful and is vulnerable to the P+1 epsilon attack. Vitalik has a blog post on this. Bitcoin could evolve to address these weaknesses, but such progress seems very slow.
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