Topic: What features of Bitcoin would you never give up? - page 4. (Read 3668 times)
The whole new innovation of digital currency. I really admire on it....
For me it has to be the 21 million cap or else without it bitcoin would nothing. It's like a form of assurance that you own a share of the coin which the value don't get diluted as more and more coins are being generated.
21 million coin limit - Decentralisation - Pseudonymous - Irreversible
These 4 features are indispensable for me. I'm ok with others changing if it's too important for system to survive.
These 4 features are indispensable for me. I'm ok with others changing if it's too important for system to survive.
All the fundamental features of Bitcoin are important to me, but I would never give up the permissionless nature of it. KYC is a no-go. Anyone should be able to join and participate in it.
The best of Bictoin is that's fast and it'd a universal currency. Everyone in the world has with Bitcoin a common currency. You aren't calculating the whole time between different currencies.
Let's imagine that all the Bitcoin devs were arrested by a tyrannical government or bought by an evil mega-corp and forced to change a fundamental aspect of Bitcoin.
Open source doesn't work like that. The code is OSS and anyone is able to modify it and fork it. Current developers (be it Core, XT or whatever) have no more control of it than anyone else. In the end it's always the network that decides. The control is decentralized and collective.
Only way that some goverment could have it's way is if majority of network accepted it or stubbornly kept running a client that is under govt. control. But at any time they would be free to choose otherwise.
most of all i love the fact that bitcoin offers decentralized system and this is the best feature that it offers. and also the Irreversible feature of it is kind of a good / bad feature but i like it so far.
and finally the 21 million coin limit is good because making the limit any bigger would just kill the coin's value because the market will be flooded by the coins that miners would mine, just like Dogecoin and many others.
the rest of the features are things that are good but i would't care if they weren't there either!
and finally the 21 million coin limit is good because making the limit any bigger would just kill the coin's value because the market will be flooded by the coins that miners would mine, just like Dogecoin and many others.
the rest of the features are things that are good but i would't care if they weren't there either!
What I would never give up it the fact the chain is leading, no more obscurity in coins/money and making it out of thin air only to profit the banks. One coin is one coin, never more never less. We should be aware that storing coins in exchanges and with other companies like xapo will again bring forth more coins than there actualy are. If I store my coins on an exchange, they can use my coins to do whatever they like. Spend it somewhere else and still claim that I have those coins in my deposit account. It is the banks all over again. Back to the stoneage for the economic revolution... 
I never give up from bitcoin the easily of its use. If the way to send and receive bitcoin will be more difficult this will be very tough for me.
IMO, following points require explanation, i.e. in which context you are mentioning them...
i. Voluntary
ii. pseudonymous
iii. cheap
iv. fast
i. Voluntary
ii. pseudonymous
iii. cheap
iv. fast
Let's imagine that all the Bitcoin devs were arrested by a tyrannical government or bought by an evil mega-corp and forced to change a fundamental aspect of Bitcoin. Let us further imagine that this evil cabal managed to control 80% of mining power and used it to support the evil fork.
What aspect of Bitcoin, if it were changed, would make you reject such a fork and stay on the original chain against all odds? What change would you consider would destroy the fundamental virtues of Bitcoin?
Regular users, holders and nodes could block any fork by refusing to adopt, even against the devs and miners... but what is important enough that a significant majority would do so?
What aspect of Bitcoin, if it were changed, would make you reject such a fork and stay on the original chain against all odds? What change would you consider would destroy the fundamental virtues of Bitcoin?
Regular users, holders and nodes could block any fork by refusing to adopt, even against the devs and miners... but what is important enough that a significant majority would do so?
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