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The rules about the 21Million which is the only thing that matters here can't be changed. What would stop it being changed? It's been a house waiting to colla
by grey-area 5y ago
The rules about the 21Million which is the only thing that matters here can't be changed.
What would stop it being changed?
It's been a house waiting to collapse for 12 years now.
Tether has only been trading since 2015 and only prominent the last few years. Other cryptocurrencies have seen multiple bubbles and collapses. The thing that would convince me personally is that all the get-rich-quick marks and scammers leave the space and people start using it for actually useful things like payments.
Unfortunately distributed consensus with a global public ledger is particularly badly suited to payments or a currency, though it seems well structured for a ponzi scheme.
- ThomPete 5y agoWhy don't you tell me first what would make it possible since you seem to be privy to information no one else is. How are you going to change that?
- grey-area 5y agoIt could be changed in bitcoin core, as previous changes to rules have been. It would require agreement from market participants.
- ThomPete 5y agoChanges to some rules, not the fundamentals like the 21M though which is what is important.
- grey-area 5y agoI'm not clear on why you think this is 'impossible'. It's clearly possible to change the rules of a system defined by software, it just requires a majority of those maintaining the chain to go along with it.