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Topic: Is Antonopoulos still right? - page 2. (Read 1245 times)

hero member
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July 28, 2015, 06:48:49 PM
#5
He's got some weird ideas. His ongoing idea that schoolkids will each have their own currency has me scratching my head somewhat.

I'd say the blocksize thing is probably the least trivial issue out there. I can see why they're playing it so safe but they're not inspiring outside observers. I'm sure no one wants it to be that way but any alt that did supersede BTC would have the exact same issue.

If an alt did pop up I'd want to see years and years of solidity before even dreaming of putting my trust into it. A fork is nothing when the coin's whole purpose is playtime on Cryptsy. It becomes serious shit if there's actual commerce involved.

A lot of features can happen with layers. The integrity of the blockchain will always be paramount.
I agree that rigidity of core is important if serious money are involved. Hovewer, flexibility is an equally important. It seems that sidechains let us to combine these incompartible requirements. I just hope the sidechains will be integrated to the bitcoin core before it hardens completely.
newbie
Activity: 56
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July 28, 2015, 06:39:00 PM
#4
What's keeping a BTC developer from thinking "I have been in BTC from early on... I have 1500 btc which is cool...... buuuut..... if I started with another coin... maybe 'thoughtcoin' or whatever.... then I could get 5% of those coins or more... and then screw up or slow the deelopment of BTC to the point where people will use my other coin"...

I guess the main issue is that he/she could not be sure the other coin will beat all the other altcoins...
legendary
Activity: 2590
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Welt Am Draht
July 28, 2015, 06:05:58 PM
#3
He's got some weird ideas. His ongoing idea that schoolkids will each have their own currency has me scratching my head somewhat.

I'd say the blocksize thing is probably the least trivial issue out there. I can see why they're playing it so safe but they're not inspiring outside observers. I'm sure no one wants it to be that way but any alt that did supersede BTC would have the exact same issue.

If an alt did pop up I'd want to see years and years of solidity before even dreaming of putting my trust into it. A fork is nothing when the coin's whole purpose is playtime on Cryptsy. It becomes serious shit if there's actual commerce involved.

A lot of features can happen with layers. The integrity of the blockchain will always be paramount.
legendary
Activity: 1372
Merit: 1252
July 28, 2015, 06:03:55 PM
#2
In his presentations Antonopoulos said frequently that bitcoiners shouldn't worry about competition from altcoins because if an altcoin get some useful feature that gives its competitive advantage over bitcoin, bitcoin developers would just copy&paste this feature to the bitcoin code. It did make sense at the time.

However, I suspect that those times have gone. The whole agony of block size limit change shows that bitcoin code and bitcoin development infrastructure have already hardened and solidified to the point where any change, even as trivial, as block size limit, becomes difficult on the border of impossible. From now on we can assume that bitcoin code cannot be changed in any substantial way. No non-trivial feature, however important or competitive, cannot be added/modified anymore. Which means, chances of an altcoin replacing bitcoin becomes much more real. Which is bad news for everybody who invested in bitcoin heavily (financially, career-wise etc).

It's not trolling, I'm really concerned and I'll be happy if you can prove me wrong.
Well, we can only hope that something bad happens that shines some light and wakes them up from the current paraliysis analysis and take action, it's better than such thing happens now than later, but I still have faith. When TCP/IP came out it was a struggle too trying to make it scale up but it caught on.
hero member
Activity: 798
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July 28, 2015, 05:49:04 PM
#1
In his presentations Antonopoulos said frequently that bitcoiners shouldn't worry about competition from altcoins because if an altcoin get some useful feature that gives its competitive advantage over bitcoin, bitcoin developers would just copy&paste this feature to the bitcoin code. It did make sense at the time.

However, I suspect that those times have gone. The whole agony of block size limit change shows that bitcoin code and bitcoin development infrastructure have already hardened and solidified to the point where any change, even as trivial, as block size limit, becomes difficult on the border of impossible. From now on we can assume that bitcoin code cannot be changed in any substantial way. No non-trivial feature, however important or competitive, cannot be added/modified anymore. Which means, chances of an altcoin replacing bitcoin becomes much more real. Which is bad news for everybody who invested in bitcoin heavily (financially, career-wise etc).

It's not trolling, I'm really concerned and I'll be happy if you can prove me wrong.
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