15 Jul '13, 11am

Bitcoin developer Jeff Garzik on altcoins, ASICs and bitcoin usability

Bitcoin developer Jeff Garzik on altcoins, ASICs and bitcoin usability

Last week, CoinDesk caught up with bitcoin core developer Jeff Garzik about his perspective on Satoshi Nakamoto and the future of Bitcoin . This week, we reveal Garzik’s thoughts on alternative digital currencies, ASIC miners, and getting everyday users on board for bitcoin. On altcoins Some people do like the idea of including more features in the native protocol. Projects like Zerocoin have been looking for altcurrencies to adopt their technology for making a cryptocurrency truly anonymous, and when it comes to math-based currencies, Garzik is all for diversity. He’s happy to see the proliferation of other coins. “It’s a fantastically good thing,” he says. “Experimentation is wonderful. It’s been disappointing that the overwhelming majority of altcoins have been pump and dumps or premine-type schemes.” he calls that the first generation of coins, but thinks that the land...

Full article: http://www.coindesk.com/bitcoin-developer-jeff-garzik-on-...

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