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Topic: Bitcoin's Season of the Witch (Read 798 times)

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Activity: 1736
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Let's talk governance, lipstick, and pigs.
October 24, 2014, 12:48:44 AM
#1
It's human nature to have doubts. Nothing has changed in the Bitcoin protocol, yet developers are espousing creating altcoins under the new moniker of "sidechains." It's all because of the fear of sustainable competition. What happens when one of these sidechains becomes bigger than Bitcoin? When I eventually read the side chain white paper, I will see the same fallacious arguments proposed in all the other altcoin papers. "Bitcoin mining will destroy the environment! Therefore Bitcoin must (Proof of) Burn!" Are we creating our own Season of the Witch here?
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