Topic: Bitcoin Philosophy - page 2. (Read 1181 times)
Well bitcoin had become the plaything of speculators by 2013. I don't think it's going to be successful as a currency, ever. People just aren't going to use it as such and we're already seeing this. You're absolutely right, that people just want the price to go up and up. But that happens in any bull market. I'm absolutely no different. I want the price to go up as well. I see bitcoin as a store of value and as a currency for dark markets. For everything else it seems kind of useless.
That's expected. Any movement that starts small and gains momentum will inevitably be diluted.
This is why it is important to ensure that the core principles/values are correct early on and there is a mechanism in place to propogate them or otherwise prevent against corruption. Before things start blowing up.
Bitcoin is exciting because it is very good at enforcing the core principles via code and consensus, regardless of what newcomers may want, even a majority of them.
And it got a lot of things right from the start: immutability (mostly), limited supply (eventually deflationary), basically decentralized, trustless, secure, programmable.
I do worry though that some of necessary "core" bits were not really in at the beginning and are difficult to add later. These include: privacy/fungibility, scalability, tx speed, full mining decentralization.
Fortunately, the core devs seem to agree and are working on all these aspects, as are other projects such as zcash.
This is why it is important to ensure that the core principles/values are correct early on and there is a mechanism in place to propogate them or otherwise prevent against corruption. Before things start blowing up.
Bitcoin is exciting because it is very good at enforcing the core principles via code and consensus, regardless of what newcomers may want, even a majority of them.
And it got a lot of things right from the start: immutability (mostly), limited supply (eventually deflationary), basically decentralized, trustless, secure, programmable.
I do worry though that some of necessary "core" bits were not really in at the beginning and are difficult to add later. These include: privacy/fungibility, scalability, tx speed, full mining decentralization.
Fortunately, the core devs seem to agree and are working on all these aspects, as are other projects such as zcash.
As Bitcoin becomes more popular or mainstream some people will withdraw their support for X or Y reason, that's why there is an altcoin community, and yes, some of those projects are crap, but they are small enough to have the liberty and freedom to add more features. The nature of Bitcoin prevents the centralization of its development.
That's expected. Any movement that starts small and gains momentum will inevitably be diluted.
This is why it is important to ensure that the core principles/values are correct early on and there is a mechanism in place to propogate them or otherwise prevent against corruption. Before things start blowing up.
Bitcoin is exciting because it is very good at enforcing the core principles via code and consensus, regardless of what newcomers may want, even a majority of them.
And it got a lot of things right from the start: immutability (mostly), limited supply (eventually deflationary), basically decentralized, trustless, secure, programmable.
I do worry though that some of necessary "core" bits were not really in at the beginning and are difficult to add later. These include: privacy/fungibility, scalability, tx speed, full mining decentralization.
Fortunately, the core devs seem to agree and are working on all these aspects, as are other projects such as zcash.
This is why it is important to ensure that the core principles/values are correct early on and there is a mechanism in place to propogate them or otherwise prevent against corruption. Before things start blowing up.
Bitcoin is exciting because it is very good at enforcing the core principles via code and consensus, regardless of what newcomers may want, even a majority of them.
And it got a lot of things right from the start: immutability (mostly), limited supply (eventually deflationary), basically decentralized, trustless, secure, programmable.
I do worry though that some of necessary "core" bits were not really in at the beginning and are difficult to add later. These include: privacy/fungibility, scalability, tx speed, full mining decentralization.
Fortunately, the core devs seem to agree and are working on all these aspects, as are other projects such as zcash.
Used to presume foolishly that most people where drawn to bitcoin for the same reason as myself.
Being that we could potentially grow outside the current system and not be forced into regulation or submitting to the banks.
This seems to have given way to people that will do anything to bitcoin that excels the price and are coming from it in a investment aspect.
So are there less people today than the start of bitcoin that where more anti government or the percentages the same today as then?
Was going to add a poll but rather let the posts speak for the issue.
Lets discuss this...
Being that we could potentially grow outside the current system and not be forced into regulation or submitting to the banks.
This seems to have given way to people that will do anything to bitcoin that excels the price and are coming from it in a investment aspect.
So are there less people today than the start of bitcoin that where more anti government or the percentages the same today as then?
Was going to add a poll but rather let the posts speak for the issue.
Lets discuss this...
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