It's good to be optimistic, but that is a very dangerous kind of attitude. Bitcoin is still a software experiment that could fail. We have not even seen its final form yet in my opinion.
I don't know when we will see the final form or how it will look like but my gut feeling is that we are going to see another age like we have seen for the internet. Think about the internet in the early 90s. 
Topic: Bitcoin gave us something more than the protocol - page 3. (Read 733 times)
Bitcoin is like a virus that mutates and adapt to the changing environment, so why would it fail?
It's good to be optimistic, but that is a very dangerous kind of attitude. Bitcoin is still a software experiment that could fail. We have not even seen its final form yet in my opinion.
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We should applaud the accomplishment and support the freedom that it brought to the world, because we can now achieve much more financial privacy and a lot more freedom to protect our wealth.
Private key ownership of cryptocurrencies is the most sovereign and the most inviolable property rights of this generation. Use it.
I agree with that,but sooner or later someone is going to take control over bitcoin,wether it's miners or whales.
bitcoin is code. so its developers you should be scrutinising
The concept of the proponent of Bitcoin is novel and first of its kind. Their main priority was poor and the unbanked to financially empower such through the P2P transaction where the third party and their fees are eliminated. This will lead to more money in the hand of the poor. The government will not have the control over bitcoin because of it being decentralized.
It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.
^ selective usage of words
"not controlled by the state" yet the upgrade proposals and new code is controlled by a group.
and if the community do not follow the group. the group wont care because the group bypasses the community with "compatibility" and if the community added code that makes the group unable to bypass using "compatibility" then the group simply mandate a "accept group rules or f**k off" method
bitcoins 2009-2013 true consensus mechanism has not been used as intended since
This is all true -- critics want to harp on it for the blockchain being nothing more than a "slow database," but the point wasn't to create the blockchain; the blockchain is simply the means to the end of bitcoin being a decentralized currency, free from government interference.
I don't see a world where bitcoin will ever replace or even rival fiat -- along with the fall of a government would come the fall of not only the economy but potentially important infrastructure needed for bitcoin to operate (power and internet).
It does create competition for other forms of money and money processors to get their shit together, kind of like how Uber upset the taxi industry and what AirBnB did to hotels.
Hopefully bitcoin will mutate and adopt before it dies... seems to be doing reasonably well with that after 10 years. The #1 "bitcoin killer" (ETH, forget about BCH) is now a fraction of its price in terms of BTC...
I don't see a world where bitcoin will ever replace or even rival fiat -- along with the fall of a government would come the fall of not only the economy but potentially important infrastructure needed for bitcoin to operate (power and internet).
It does create competition for other forms of money and money processors to get their shit together, kind of like how Uber upset the taxi industry and what AirBnB did to hotels.
Hopefully bitcoin will mutate and adopt before it dies... seems to be doing reasonably well with that after 10 years. The #1 "bitcoin killer" (ETH, forget about BCH) is now a fraction of its price in terms of BTC...
Bitcoin is like a virus that mutates and adapt to the changing environment, so why would it fail? Yes, before Bitcoin we had other centralized money that failed miserably and Bitcoin broke that mold and opened the gateway to a new form of money that cannot be stopped.
We should applaud the accomplishment and support the freedom that it brought to the world, because we can now achieve much more financial privacy and a lot more freedom to protect our wealth.
We should applaud the accomplishment and support the freedom that it brought to the world, because we can now achieve much more financial privacy and a lot more freedom to protect our wealth.
I agree with that,but sooner or later someone is going to take control over bitcoin,wether it's miners or whales.I can't imagine how the "better bitcoin" should look like.Is there anything to improve in the current bitcoin?The government fiat money system won't last forever.Actually, it's about to collapse in the next decade.
It also gave all of us the "idea" of something like "Bitcoin", a form of "money" that is not controlled by the state, is achievable.
Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
Bitcoin might fail, but the idea lives on to make a better "Bitcoin".
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