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> It was the first. It was the genesis idea. But good lord, do we think it's the actual solution? What would be the odds? If superior technology comes along, w
by runeks 9y ago
> It was the first. It was the genesis idea. But good lord, do we think it's the actual solution? What would be the odds?
If superior technology comes along, what will prevent Bitcoin from adopting this, and using its network effect to outmaneuver a competing blockchain?
A couple of months ago, the Bitcoin network adopted the SegWit protocol change, which could be considered a minor fix (no major improvements to scalability). If the Bitcoin network can agree to adopt a minor fix, why wouldn’t it be able to agree to adopt a major scalability improvement as well?
- jononor 9y agoAdoption of Segwit (a minor change) was neither quick, easy or without controversy. It does not lend much faith in the Bitcoin community ability to deploy big changes in a timely manner.
- etr-strike 9y agoThe consensus rules of bitcoin are supposed to be incredibly difficult to change. That's a feature, not a bug. Changing consensus rules is only easy if the network is centralized. That's not something I want to have in my money. If new technology demonstrates it's value beyond doubt, upgrading the network will have vast consensus.