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This is what most people don't get, these technologies are all open source. So even if some random coin comes up with a great new feature, bitcoin can just add
by unabridged 9y ago
This is what most people don't get, these technologies are all open source. So even if some random coin comes up with a great new feature, bitcoin can just add it or at worst someone can create a fork of bitcoin with the new tech. The value is not the tech, its the network.
Bitcoin has good liquidity and been tested though many drops and spikes. Each time it makes the network more antifragile. No one wants to trust a new currency where a large percent of holders have never been tested and might sell off their entire share at any time.
- wcoenen 9y ago> bitcoin can just add it Bitcoin is pretty much impossible to change now. It's just too big for that. Example: Segwit voting was available in October 2016 but didn't manage to get significant miner support, finally got activated in August 2017 after a lot of controversy, and is still not seeing convincing adoption[1]. It seems to be stuck around 10%. If a soft fork is that difficult, then more drastic changes must be impossible. [1] http://segwit.party/charts/# http://segwit.party/charts/#