1. August Bitcoin will probably hardfork
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1. August Bitcoin will probably hardfork
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Re: 1. August Bitcoin will probably hardfork
#2Bitcoin will never be the cash replacement that people want it to be. Just the fact that it has a limited number of coins makes it a problem. Adding transaction capabilities is a problem since ultimately it destabilizes the trust for it. Every time people need to change the code they'll be a danger of a fork which destroys a little bit of a trust. The fix is to use it as a base for a token based network that can be used for transactions.
Re: 1. August Bitcoin will probably hardfork
#3Bitcoin will never be the cash replacement that people want it to be. Just the fact that it has a limited number of coins makes it a problem. Adding transaction capabilities is a problem since ultimately it destabilizes the trust for it. Every time people need to change the code they'll be a danger of a fork which destroys a little bit of a trust. The fix is to use it as a base for a token based network that can be u…
> Bitcoin will never be the cash replacement that people want it to be. Just the fact that it has a limited number of coins makes it a problem.
There will in fact never be more than 21 million bitcoin. But these are already 2100 trillion Satoshi today. This divisibility can be expanded in the future.
Re: 1. August Bitcoin will probably hardfork
#4Bitcoin will never be the cash replacement that people want it to be. Just the fact that it has a limited number of coins makes it a problem. Adding transaction capabilities is a problem since ultimately it destabilizes the trust for it. Every time people need to change the code they'll be a danger of a fork which destroys a little bit of a trust. The fix is to use it as a base for a token based network that can be u…
> Adding transaction capabilities is a problem since ultimately it destabilizes the trust for it. Every time people need to change the code they'll be a danger of a fork which destroys a little bit of a trust.
Block Chain technology and especially Bitcoin is by far not yet mature after 8 years. Already in the past, there have been events which have put the trust of the investors heavily burdened without ultimately destroying it. A chain split will be just another challenge.