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It's already too late. Even if they switched now it wouldn't save all the coins stored in older addresses. They need to choose between removing a large part of
by postalrat 7y ago
It's already too late. Even if they switched now it wouldn't save all the coins stored in older addresses.
They need to choose between removing a large part of the coins from the blockchain or accepting that those coins will be taken by whoever has the technology first. Both options are bad for bitcoin.
- xiphias2 7y agoIt'a not that bad, it's easy to add a new digital signature to Bitcoin (the hard part is developing one that's accepted by the community). Most of the money can be consolidated to less UTXOs. The problem will still be that we have no idea when the current signatures get unsecure.