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It seems like the potential fork in bitcoin is already happening to some degree with Elements and the sidechain (https://github.com/ElementsProject/elements htt
by magicmu 11y ago
It seems like the potential fork in bitcoin is already happening to some degree with Elements and the sidechain (https://github.com/ElementsProject/elements https://github.com/ElementsProject/elements) -- a super interesting project that I just found out about yesterday! I can't help but feel, to a certain degree, like forking bitcoin is re-arranging deck chairs on the titanic though. There already seem to be more viable alternative cryptocurrencies.
- zanny 11y agoThe problem is for almost everyone technical features are trumped by market cap when it comes to cryptocurrencies. Viability for almost everyone comes down to which economy commands the most investment into it.
- kang 11y agoThis is not necessarily a fork. You can have a new blockchain & exchange it tokens for bitcoin using atomic swap protocol. To implicitly implement the two-way-peg would a fork be needed.
- kang 11y agoI have an edit to make. Even two-way pegs don't need a hard fork