Why there will never be another Bitcoin
blog.kraken.com
Why there will never be another Bitcoin
1–10 of 50 posts
Re: Why there will never be another Bitcoin
#2FWIW, love or hate Bitcoin, the 4th Bitcoin halving is happening in 9 blocks as I type this, give our take 90 mins, probably a bit less.
Re: Why there will never be another Bitcoin
#3FWIW, love or hate Bitcoin, the 4th Bitcoin halving is happening in 9 blocks as I type this, give our take 90 mins, probably a bit less.
Is being used as pump fuel
Re: Why there will never be another Bitcoin
#4FWIW, love or hate Bitcoin, the 4th Bitcoin halving is happening in 9 blocks as I type this, give our take 90 mins, probably a bit less.
How is this relevant?
Re: Why there will never be another Bitcoin
#5> Some predecessors, like DigiCash, were too reliant on trusted authorities and so never gained market acceptance.
Aren’t bitcoin holders trusting that no authority/state actor is going to 51% attack the blockchain?
Re: Why there will never be another Bitcoin
#6> Some predecessors, like DigiCash, were too reliant on trusted authorities and so never gained market acceptance. Aren’t bitcoin holders trusting that no authority/state actor is going to 51% attack the blockchain?
A timeless classic on this question:
Re: Why there will never be another Bitcoin
#7FWIW, love or hate Bitcoin, the 4th Bitcoin halving is happening in 9 blocks as I type this, give our take 90 mins, probably a bit less.
How is this relevant?
I think it's no coincidence that Kraken (a very old cryptocurrencies exchange) is publishing a post on its blog about Bitcoin the very day a Bitcoin halving is happening... Thought it was worth mentioning.
Re: Why there will never be another Bitcoin
#8The overall premise is true but this is a very poor-quality article that has a few extremely obvious giveaways that it was AI-written.
Re: Why there will never be another Bitcoin
#9> Some predecessors, like DigiCash, were too reliant on trusted authorities and so never gained market acceptance. Aren’t bitcoin holders trusting that no authority/state actor is going to 51% attack the blockchain?
I suppose, but, not on the basis of "they are granted the authority to do this thing, but will not abuse it", so much as, "it is costly for them to do this thing, and it is unlikely to be worth it to them" ?
Re: Why there will never be another Bitcoin
#10> Some predecessors, like DigiCash, were too reliant on trusted authorities and so never gained market acceptance. Aren’t bitcoin holders trusting that no authority/state actor is going to 51% attack the blockchain?
More specifically, bitcoin holders are trusting that some collection of entities with more than 50% share of the mining power won't collude.
It seems like a reasonable assumption honestly, everyone would know and value would tank.
I'm by no means a fan of bitcoin, but miner collusion was never what kept me away. I like the original arguments for bitcoin related to a decentralized currency and privacy. Neither have proven to be possible on the bitcoin blockchain and I see absolutely no value in btc if I have to use off chain solutions to make it fit any real world use case.