This leads to me to think about the longer term viability of bitcoin. Bitcoin uses a combination of RIPEMD and SHA256. Given the sha-2 family was released in 2001, when is SHA-2 going to go into depreciation cycle and what does that mean for the bitcoin network. Given that there are plenty of op-codes left, the network can probably easily start switching into in the next generation of hashing algorithms. This is the…
The difference is you don't get to see the haggling and back and forth. Ten years from now, when a large bitcoin institution has a mission-critical legacy app that depends on some facet of the network, we're likely to see similar shenanigans.
I would venture, at least. Simplicity is probably the product of a) abstraction, or b) a small number of stakeholders.