But if they fail, then Monero or Dash will pretty much take over, and their money would show up to be better alternative.
why do you desire monero..
oh wait. the ties to Gmaxwell.. and the blockstream team
can i tell you something..
if bitcoin fails because of blockstreams banker contracts to commercialise bitcoin, going for monero is not freeing you away from this, its just re-rinsing the same plan, by going full circle into yet another currency owned by the same group that may cause bitcoin to fail.
i laugh at anyone thinking that bitcoin is ok to fail, and then mention monero as plan B.. as its obvious those people are happy with letting the banks fail a currency, and they are happy to let it happen over and over again.. which is completely the opposite of satoshi's vision (read the quote in the genesis block to know why bitcoin was invented)
I didnt know that Monero was tied to Maxwell, but that is not the point.
The point is that Bitcoin right now has a consensus system right? Which means that if people dont want LN, it wont happen. Segwit only was 28% support for now, which I dont think is ok, but it's the network's decision and I respect that.
I think Core is better and more professional, but it's up to the network to vote. You wanted democracy, you have it.
I am obviously not ok with Bitcoin failing, however I only said that as a worst case scenario. Bitcoin has a lot of flaws that I have highlighted:
https://bitcointalksearch.org/topic/the-extreme-flaws-of-bitcoin-1697411It's not the bankers that will destroy it, but it's own bad design.
And if it were to happen, then monero or other currencies would take over the power vacuum.
Interesting.
Well maybe the chip implant in the head a little over the top. For example, what about a Bitcoin wrist implant? That would not be that bad.
Of course I would not use it, and I would insist for it to be optional.
i already thought about that. i think "hardware wallets" are a little cumbersome. and require a computer to USB port the hardware wallet. and downloading electrum or a browser add-on/extension just to make it functional.
the future "killer app" for bitcoin will definitely be a wristband.
advantages
no software touches the device
private keys remain hidden
the device is wearable (new fashion craze=popular)
making a tx is as simple as shaking your wrist
no need to understand the mechanics of bitcoin to use it
Yes that would be pretty cool. A rechargable battery charged offline wallet, that is completely isolated with no networking.
But it has which can send a transaction via low freq radio waves to a nearby payment system terminal 30-50 centimeters away. But the private key wont be exposed, and it stays inside the device.
That would be awesome, security + comfort in 1 tool. Hey if anyone reading this wanna build this, we just gave you a million dollar enterprize idea....